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REGISTERED NUMBER: 03738953 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Claverton Estates Ltd.

Claverton Estates Ltd. (Registered number: 03738953)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Claverton Estates Ltd.

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P L Cooper
Mrs C A M Cooper
Mrs D Offer





SECRETARY: Mrs C A M Cooper





REGISTERED OFFICE: 16 Whiteladies Road Clifton
Bristol
United Kingdom
BS8 2LG





REGISTERED NUMBER: 03738953 (England and Wales)





ACCOUNTANTS: Equifino Ltd
128 City Road
London
EC1V 2NX

Claverton Estates Ltd. (Registered number: 03738953)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,267 795
Investments 5 22,917 22,917
Investment property 6 5,215,000 6,647,000
5,239,184 6,670,712

CURRENT ASSETS
Debtors 7 2,646,297 463,817
Cash at bank 627,144 749,059
3,273,441 1,212,876
CREDITORS
Amounts falling due within one year 8 316,971 177,121
NET CURRENT ASSETS 2,956,470 1,035,755
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,195,654

7,706,467

PROVISIONS FOR LIABILITIES 9 351,493 323,109
NET ASSETS 7,844,161 7,383,358

CAPITAL AND RESERVES
Called up share capital 10 124 124
Share premium 1,274,976 1,274,976
Fair value reserve 11 2,616,309 2,821,573
Retained earnings 3,952,752 3,286,685
SHAREHOLDERS' FUNDS 7,844,161 7,383,358

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Claverton Estates Ltd. (Registered number: 03738953)

Balance Sheet - continued
31 March 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by:





P L Cooper - Director


Claverton Estates Ltd. (Registered number: 03738953)

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

1. STATUTORY INFORMATION

Claverton Estates Ltd. 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.

Going concern
The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that despite the adverse effects COVID-19 is having on both the company and the economy as a whole the company has adequate resources to continue in operational existence for the foreseeable future. On this basis, the directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Claverton Estates Ltd. (Registered number: 03738953)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Claverton Estates Ltd. (Registered number: 03738953)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022 3,631
Additions 856
At 31 March 2023 4,487
DEPRECIATION
At 1 April 2022 2,836
Charge for year 384
At 31 March 2023 3,220
NET BOOK VALUE
At 31 March 2023 1,267
At 31 March 2022 795

5. FIXED ASSET INVESTMENTS
Shares in
group Unlisted
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 100 22,817 22,917
NET BOOK VALUE
At 31 March 2023 100 22,817 22,917
At 31 March 2022 100 22,817 22,917

Claverton Estates Ltd. (Registered number: 03738953)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2023 is represented by:

Shares in
group Unlisted
undertakings investments Totals
£    £    £   
Valuation in 2018 - 18,410 18,410
Valuation in 2019 - 500 500
Valuation in 2020 - 317 317
Cost 100 3,590 3,690
100 22,817 22,917

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 6,647,000
Additions 20,000
Disposals (1,452,000 )
At 31 March 2023 5,215,000
NET BOOK VALUE
At 31 March 2023 5,215,000
At 31 March 2022 6,647,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2016 2,073,992
Valuation in 2017 81,198
Valuation in 2018 740,000
Valuation in 2019 (280,000 )
Valuation in 2020 50,000
Valuation in 2021 255,000
Cost 2,294,810
5,215,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 2,294,810 3,521,546

Claverton Estates Ltd. (Registered number: 03738953)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. INVESTMENT PROPERTY - continued

In the opinion of the directors the fair value of the investment properties as at 31 March 2023 is £5,215,000 (2022 - £6,647,000).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 70,342 65,673
Amounts owed by group undertakings 70,155 145,155
Other debtors 2,497,949 252,989
VAT 7,851 -
2,646,297 463,817

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 8,820 -
Amounts owed to group undertakings 100 100
Tax 175,963 42,454
Social security and other taxes 4,541 2,356
VAT - 6,630
Other creditors 51,420 26,458
Directors' current accounts - 25,191
Accruals and deferred income 76,127 73,932
316,971 177,121

9. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 351,493 323,109

Deferred
tax
£   
Balance at 1 April 2022 323,109
Provided during year 28,384
Balance at 31 March 2023 351,493

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
124 Ordinary 1 124 124

Claverton Estates Ltd. (Registered number: 03738953)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. RESERVES
Fair
value
reserve
£   
At 1 April 2022 2,821,573
Adjustment on disposal (205,264 )

At 31 March 2023 2,616,309

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The loans to the directors are interest free and have no set date of repayment.

13. RELATED PARTY DISCLOSURES

P L Cooper is also a director of Invia Asset Management Limited. At the year end Invia Asset Management Limited owed the company Nil (2022: £1,055). The loan is interest free and has no set date of repayment.