Registered number
09615882
Clarendon Equity Limited
Unaudited Filleted Accounts
31 May 2023
Ward Divecha Limited
29 Welbeck Street
London
W1G 8DA
Clarendon Equity Limited
Registered number: 09615882
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 311,961 311,961
Current assets
Debtors 4 234,555 236,055
Cash at bank and in hand 2,083 5,514
236,638 241,569
Creditors: amounts falling due within one year 5 (23,199) (23,169)
Net current assets 213,439 218,400
Total assets less current liabilities 525,400 530,361
Creditors: amounts falling due after more than one year 6 (182,778) (183,889)
Net assets 342,622 346,472
Capital and reserves
Called up share capital 333,022 333,022
Share premium 109,156 109,156
Profit and loss account (99,556) (95,706)
Shareholders' funds 342,622 346,472
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J N Gilbert
Director
Approved by the board on 20 February 2024
Clarendon Equity Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Preparation of consolidated financial statements
The financial statements contain information about Clarendon Equity Limited as an individual company and do not contain consolidated financial information as the parent of the group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 June 2022 233,981 77,980 311,961
At 31 May 2023 233,981 77,980 311,961
Historical cost
At 1 June 2022 233,981 77,980
At 31 May 2023 233,981 77,980
Capital and Profit (loss)
Company Shares held reserves for the year
Class % £ £
Linksfield Estate Limited Ordinary 100 109,158 13,932
Smallholdings UK Limited Ordinary 100 (15,695) (391)
4 Debtors 2023 2022
£ £
Trade debtors 500 500
Amounts owed by group undertakings 234,055 235,555
234,555 236,055
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other loans 10,000 10,000
Other creditors 13,199 13,169
23,199 23,169
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bounce back loan 8,889 10,000
Unsecured loans 173,889 173,889
182,778 183,889
Interest on the unsecured loan will accrue at the rate of 6% and bounce back loan at the rate of 2.5%.
7 Related party transactions
As at 31st May 2023, following balances are owed by the related companies.
2023 2022
£ £
Linksfield Estate Limited 122,208 123,708
Smallholdings UK Limited 111,847 111,847
8 Other information
Clarendon Equity Limited is a private company limited by shares and incorporated in England. Its registered office is:
29 Welbeck street
London
W1G 8DA
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