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REGISTERED NUMBER: 03267340 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

1 & 2 CLIFTON TERRACE MANAGEMENT LIMITED

1 & 2 CLIFTON TERRACE MANAGEMENT LIMITED (REGISTERED NUMBER: 03267340)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


1 & 2 CLIFTON TERRACE MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Mrs A O'Donnell
L McMenemy
Ms L Hamilton
Mrs B R Babb





SECRETARY: Ms L Hamilton





REGISTERED OFFICE: 1 Lansdowne Avenue
Winchester
Hampshire
SO23 9TL





REGISTERED NUMBER: 03267340 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

1 & 2 CLIFTON TERRACE MANAGEMENT LIMITED (REGISTERED NUMBER: 03267340)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,098 5,098

CURRENT ASSETS
Debtors 5 925 865
Cash at bank 7,555 3,340
8,480 4,205
CREDITORS
Amounts falling due within one year 6 920 780
NET CURRENT ASSETS 7,560 3,425
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,658

8,523

CAPITAL AND RESERVES
Called up share capital 6 6
Share premium 75 75
Retained earnings 12,577 8,442
SHAREHOLDERS' FUNDS 12,658 8,523

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

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

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 27th November 2023 and were signed on its behalf by:



Ms L Hamilton - Director


1 & 2 CLIFTON TERRACE MANAGEMENT LIMITED (REGISTERED NUMBER: 03267340)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

1 & 2 Clifton Terrace Management 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.

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 has not been provided on freehold land and buildings as the directors consider that the residual value is not less than cost.

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1st April 2022
and 31st March 2023 5,098
NET BOOK VALUE
At 31st March 2023 5,098
At 31st March 2022 5,098

The value of non-depreciable assets amounts to £5,098 (2022: £5,098).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 367 367
Prepayments 558 498
925 865

1 & 2 CLIFTON TERRACE MANAGEMENT LIMITED (REGISTERED NUMBER: 03267340)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Accrued expenses 920 780