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REGISTERED NUMBER: 00150973 (England and Wales)


















CLAXTON LAUNDRY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023






CLAXTON LAUNDRY LIMITED (REGISTERED NUMBER: 00150973)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLAXTON LAUNDRY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







Directors: J Downey
Mrs S Downey
P F Farina





Secretary: Mrs S Downey





Registered office: 6 Windlesham Gardens
Shoreham-By-Sea
West Sussex
BN43 5AD





Registered number: 00150973 (England and Wales)





Accountants: Chanter, Browne & Curry
1 Plato Place
72-74 St Dionis Road
Fulham
London
SW6 4TU

CLAXTON LAUNDRY LIMITED (REGISTERED NUMBER: 00150973)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,087 1,449
Investment property 5 1,982,000 1,982,000
1,983,087 1,983,449

Current assets
Debtors 6 8,001 3,532
Cash at bank 465,390 538,075
473,391 541,607
Creditors
Amounts falling due within one year 7 11,055 13,824
Net current assets 462,336 527,783
Total assets less current liabilities 2,445,423 2,511,232

Creditors
Amounts falling due after more than one
year

8

(9,904

)

(9,904

)

Provisions for liabilities 9 (195,000 ) (149,000 )
Net assets 2,240,519 2,352,328

Capital and reserves
Called up share capital 96 96
Fair value reserve 10 1,091,789 1,137,789
Retained earnings 10 1,148,634 1,214,443
Shareholders' funds 2,240,519 2,352,328

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 25 January 2024 and were signed on its behalf by:




J Downey - Director


CLAXTON LAUNDRY LIMITED (REGISTERED NUMBER: 00150973)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. Statutory information

Claxton Laundry 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 is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 3 (2022 - 3 ) .

CLAXTON LAUNDRY LIMITED (REGISTERED NUMBER: 00150973)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 July 2022
and 30 June 2023 89,327
Depreciation
At 1 July 2022 87,878
Charge for year 362
At 30 June 2023 88,240
Net book value
At 30 June 2023 1,087
At 30 June 2022 1,449

5. Investment property
Total
£   
Fair value
At 1 July 2022
and 30 June 2023 1,982,000
Net book value
At 30 June 2023 1,982,000
At 30 June 2022 1,982,000

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 8,001 3,532

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 6,305 -
Taxation and social security 790 4,964
Other creditors 3,960 8,860
11,055 13,824

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Other creditors 9,904 9,904

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 9,904 9,904

CLAXTON LAUNDRY LIMITED (REGISTERED NUMBER: 00150973)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

9. Provisions for liabilities
2023 2022
£    £   
Deferred tax 195,000 149,000

Deferred
tax
£   
Balance at 1 July 2022 149,000
Deferred tax charge 46,000
Balance at 30 June 2023 195,000

10. Reserves
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 July 2022 1,214,443 1,137,789 2,352,232
Deficit for the year (39,809 ) (39,809 )
Dividends (72,000 ) (72,000 )
Transfer 46,000 (46,000 ) -
At 30 June 2023 1,148,634 1,091,789 2,240,423

11. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
J Downey
Balance outstanding at start of year (1,330 ) (371 )
Amounts advanced 4,828 371
Amounts repaid - (1,330 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,498 (1,330 )

Mrs S Downey
Balance outstanding at start of year - -
Amounts advanced 9,231 -
Amounts repaid (5,486 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,745 -