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REGISTERED NUMBER: 08311632 (England and Wales)







Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Cliftonvale Investments Limited

Cliftonvale Investments Limited (Registered number: 08311632)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cliftonvale Investments Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: T Nissim
S Jacobi





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 08311632 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Cliftonvale Investments Limited (Registered number: 08311632)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,031,434 8,949,873

CURRENT ASSETS
Debtors 5 19,295 14,886
Cash at bank 50,084 -
69,379 14,886
CREDITORS
Amounts falling due within one year 6 2,747,782 3,425,536
NET CURRENT LIABILITIES (2,678,403 ) (3,410,650 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,353,031 5,539,223

CREDITORS
Amounts falling due after more than one year 7 (2,422,500 ) (2,762,500 )

PROVISIONS FOR LIABILITIES (356,991 ) (414,127 )
NET ASSETS 2,573,540 2,362,596

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 2,573,440 2,362,496
SHAREHOLDERS' FUNDS 2,573,540 2,362,596

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Cliftonvale Investments Limited (Registered number: 08311632)

Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:




T Nissim - Director



S Jacobi - Director


Cliftonvale Investments Limited (Registered number: 08311632)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Cliftonvale Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 15% on cost
Fixtures and fittings - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Cliftonvale Investments Limited (Registered number: 08311632)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 March 2022 8,825,278 69,722 147,086 9,042,086
Additions - - 7,090 7,090
Disposals (900,000 ) - - (900,000 )
At 28 February 2023 7,925,278 69,722 154,176 8,149,176
DEPRECIATION
At 1 March 2022 - 39,495 52,718 92,213
Charge for year - 10,453 15,076 25,529
At 28 February 2023 - 49,948 67,794 117,742
NET BOOK VALUE
At 28 February 2023 7,925,278 19,774 86,382 8,031,434
At 28 February 2022 8,825,278 30,227 94,368 8,949,873

Cost or valuation at 28 February 2023 is represented by:

Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
Valuation in 2021 1,982,194 - - 1,982,194
Valuation in 2022 126,821 - - 126,821
Valuation in 2023 (294,159 ) - - (294,159 )
Cost 6,110,422 69,722 154,176 6,334,320
7,925,278 69,722 154,176 8,149,176

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

28.2.23 28.2.22
£    £   
Cost 6,110,422 6,716,263

Freehold land and buildings were valued on an open market basis on 28 February 2023 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors - 245
Tax 5,595 5,595
Prepayments 13,700 9,046
19,295 14,886

Cliftonvale Investments Limited (Registered number: 08311632)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 140,000 273,442
Trade creditors 11,969 7,619
Amounts owed to group undertakings 1,589,389 1,928,889
Tax 95,325 -
Directors' current accounts 839,390 1,158,890
Accruals and deferred income 71,709 56,696
2,747,782 3,425,536

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years 1,890,000 2,090,000
Bank loans - 2-5 years 532,500 672,500
2,422,500 2,762,500

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank overdraft - 133,442
Bank loans 2,562,500 2,902,500
2,562,500 3,035,942

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
50 Ordinary A Shares £1 50 50
50 Ordinary B Shares £1 50 50
100 100

10. RESERVES
Retained
earnings
£   

At 1 March 2022 2,362,496
Profit for the year 210,944
At 28 February 2023 2,573,440