Cliftonvalley Apartments Ltd 11370129 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Management of rental property Digita Accounts Production Advanced 6.30.9574.0 true 11370129 2022-04-01 2023-03-31 11370129 2023-03-31 11370129 core:CurrentFinancialInstruments 2023-03-31 11370129 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11370129 core:OfficeEquipment 2023-03-31 11370129 bus:SmallEntities 2022-04-01 2023-03-31 11370129 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11370129 bus:FullAccounts 2022-04-01 2023-03-31 11370129 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 11370129 bus:RegisteredOffice 2022-04-01 2023-03-31 11370129 bus:Director1 2022-04-01 2023-03-31 11370129 bus:Director2 2022-04-01 2023-03-31 11370129 bus:Director3 2022-04-01 2023-03-31 11370129 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11370129 core:OfficeEquipment 2022-04-01 2023-03-31 11370129 countries:EnglandWales 2022-04-01 2023-03-31 11370129 2022-03-31 11370129 core:OfficeEquipment 2022-03-31 11370129 2021-04-01 2022-03-31 11370129 2022-03-31 11370129 core:CurrentFinancialInstruments 2022-03-31 11370129 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 11370129 core:OfficeEquipment 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 11370129

Cliftonvalley Apartments Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Cliftonvalley Apartments Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Cliftonvalley Apartments Ltd

Company Information

Directors

Mr Paul Mervyn Duval

Mrs Lynne Anne Duval

Mr Matthew Duval

Registered office

2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA

Accountants

Stone & Co Chartered Accountants
2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA

 

Cliftonvalley Apartments Ltd

(Registration number: 11370129)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

         

Fixed assets

   

Tangible assets

4

 

1,720

2,178

Current assets

   

Debtors

5

4,327

 

5,692

Cash at bank and in hand

 

78,089

 

52,757

 

82,416

 

58,449

Creditors: Amounts falling due within one year

6

(14,857)

 

(24,720)

Net current assets

   

67,559

33,729

Total assets less current liabilities

   

69,279

35,907

Provisions for liabilities

 

(418)

(452)

Net assets

   

68,861

35,455

Capital and reserves

   

Called up share capital

150

 

150

Profit and loss account

68,711

 

35,305

Total equity

   

68,861

35,455

 

Cliftonvalley Apartments Ltd

(Registration number: 11370129)
Balance Sheet as at 31 March 2023

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 November 2023 and signed on its behalf by:
 

.........................................

Mr Paul Mervyn Duval
Director

 

Cliftonvalley Apartments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA
United Kingdom

These financial statements were authorised for issue by the Board on 18 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Cliftonvalley Apartments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Cliftonvalley Apartments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

Cliftonvalley Apartments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 April 2022

11,884

11,884

Additions

1,310

1,310

At 31 March 2023

13,194

13,194

Depreciation

At 1 April 2022

9,705

9,705

Charge for the year

1,769

1,769

At 31 March 2023

11,474

11,474

Carrying amount

At 31 March 2023

1,720

1,720

At 31 March 2022

2,178

2,178

5

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

1,032

5,380

Amounts owed by related parties

7

2,482

-

Other debtors

 

813

312

   

4,327

5,692

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

445

665

Taxation and social security

7,902

8,560

Accruals and deferred income

440

440

Other creditors

6,070

15,055

14,857

24,720

 

Cliftonvalley Apartments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

7

Related party transactions

At the balance sheet date the company owed the directors £1,988 (2022 - £5,304). This loan is interest free and repayable on demand.

The company also had the following loans (to)/from companies under common control :

Cliftonvalley Ltd £4,475 - (2022 - £4,475)

Cliftonvalley Management Ltd £7,000 - (2022 - £5,249)

Cliftonvalley Property Ltd £44 - (2022 - £28)

These loans are interest free and repayable on demand.