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REGISTERED NUMBER: 00359805 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

WALTER CLIFFORD & SONS LIMITED

WALTER CLIFFORD & SONS LIMITED (REGISTERED NUMBER: 00359805)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WALTER CLIFFORD & SONS LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTORS: B J Clifford
M J Clifford





REGISTERED OFFICE: Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY





REGISTERED NUMBER: 00359805 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

WALTER CLIFFORD & SONS LIMITED (REGISTERED NUMBER: 00359805)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 5,000 5,000
Investment property 6 380,000 380,000
385,000 385,000

CURRENT ASSETS
Debtors 7 1,575 1,575
Cash at bank 16,125 18,679
17,700 20,254
CREDITORS
Amounts falling due within one year 8 10,277 9,510
NET CURRENT ASSETS 7,423 10,744
TOTAL ASSETS LESS CURRENT
LIABILITIES

392,423

395,744

PROVISIONS FOR LIABILITIES 20,750 20,750
NET ASSETS 371,673 374,994

CAPITAL AND RESERVES
Called up share capital 1,826 1,826
Share premium 48 48
Revaluation reserve 9 109,710 109,710
Capital redemption reserve 1,675 1,675
Retained earnings 258,414 261,735
SHAREHOLDERS' FUNDS 371,673 374,994

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

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

WALTER CLIFFORD & SONS LIMITED (REGISTERED NUMBER: 00359805)

BALANCE SHEET - continued
31 October 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 30 November 2023 and were signed on its behalf by:





M J Clifford - Director


WALTER CLIFFORD & SONS LIMITED (REGISTERED NUMBER: 00359805)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Walter Clifford & Sons 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 represents rents earned in the period excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on 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.

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).

WALTER CLIFFORD & SONS LIMITED (REGISTERED NUMBER: 00359805)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2022
and 31 October 2023 1,994
DEPRECIATION
At 1 November 2022
and 31 October 2023 1,994
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 5,000
NET BOOK VALUE
At 31 October 2023 5,000
At 31 October 2022 5,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 380,000
NET BOOK VALUE
At 31 October 2023 380,000
At 31 October 2022 380,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2018 109,210
Cost 270,790
380,000

WALTER CLIFFORD & SONS LIMITED (REGISTERED NUMBER: 00359805)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,575 1,575

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,575 1,575
Taxation and social security 2,755 2,682
Other creditors 5,947 5,253
10,277 9,510

9. RESERVES
Revaluation
reserve
£   
At 1 November 2022
and 31 October 2023 109,710

10. RELATED PARTY DISCLOSURES

At 31 October 2023 other creditors included loans made to the company by the directors of £3,804 (2022: £3,180). The loans are interest free and have no fixed date for repayment.

11. ULTIMATE CONTROLLING PARTY

The controlling party is the Directors.