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REGISTERED NUMBER: 00736309 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Clarke Roxburgh Properties Limited

Clarke Roxburgh Properties Limited (Registered number: 00736309)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clarke Roxburgh Properties Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: C R Clarke
T C R Clarke
G B Clarke





SECRETARY: T C R Clarke





REGISTERED OFFICE: 2nd Floor
Clarburgh House
32 Church Street
Malvern
WR14 2AZ





REGISTERED NUMBER: 00736309 (England and Wales)





ACCOUNTANTS: Metherell Gard Ltd
Chartered Accountants
Burn View
Bude
Cornwall
EX23 8BX

Clarke Roxburgh Properties Limited (Registered number: 00736309)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,275,052 3,363,249
Investments 5 927,200 927,200
4,202,252 4,290,449

CURRENT ASSETS
Debtors 6 448,526 459,353
Cash at bank 96,679 125,740
545,205 585,093
CREDITORS
Amounts falling due within one year 7 115,361 730,589
NET CURRENT ASSETS/(LIABILITIES) 429,844 (145,496 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,632,096

4,144,953

CREDITORS
Amounts falling due after more than one
year

8

(445,708

)

-

PROVISIONS FOR LIABILITIES (366,100 ) (388,400 )
NET ASSETS 3,820,288 3,756,553

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Fair value reserve 11 1,476,519 1,476,519
Retained earnings 2,341,769 2,278,034
SHAREHOLDERS' FUNDS 3,820,288 3,756,553

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Clarke Roxburgh Properties Limited (Registered number: 00736309)

Balance Sheet - continued
30 September 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 10 April 2024 and were signed on its behalf by:





G B Clarke - Director


Clarke Roxburgh Properties Limited (Registered number: 00736309)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

Clarke Roxburgh Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consistently applied to all years presented unless otherwise stated.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Preparation of consolidated financial statements
The financial statements contain information about Clarke Roxburgh Properties Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods
Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is probable that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.This is usually when the goods have been delivered.

Rendering of services
Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Rental income
Rental income from investment property leased out under an operating lease is recognised in turnover on a straight line basis over the lease term.

Dividends receivable
Dividend income is recognised as the company's right to receive payment is established.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Land and buildings - Nil or over the life of the lease
Plant and machinery etc - 5% - 25% on cost or written down value

Investments in subsidiaries
Investments are recognised initially at fair value which is normally the transaction price excluding transaction
costs. Subsequently, they are measured at cost less impairment.


Clarke Roxburgh Properties Limited (Registered number: 00736309)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the
current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial
statements of current and previous periods. It is recognised in respect of all timing differences, with certain
exceptions. Timing differences are differences between taxable profits and total comprehensive income as
stated in the financial statements that arise from the inclusion of income and expense in tax assessments in
periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Leases
Rentals payable under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Investment property
Investment property is primarily used by the company's subsidiaries and as such is accounted for as a tangible fixed asset as permitted by FRS102.

Financial instruments
All financial instruments are recognised initially at transaction price excluding transaction costs and subsequently at amortised cost. These include fixed asset investments, cash at bank, trade and other debtors, trade and other creditors and bank loans.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Intercompany loans
Intercompany loans are measured at cost and are repayable on demand. No interest is charged on intercompany loans.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

Clarke Roxburgh Properties Limited (Registered number: 00736309)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 October 2022 3,180,000 314,085 3,494,085
Additions 3,045 - 3,045
Disposals - (76,776 ) (76,776 )
At 30 September 2023 3,183,045 237,309 3,420,354
DEPRECIATION
At 1 October 2022 - 130,836 130,836
Charge for year - 26,846 26,846
Eliminated on disposal - (12,380 ) (12,380 )
At 30 September 2023 - 145,302 145,302
NET BOOK VALUE
At 30 September 2023 3,183,045 92,007 3,275,052
At 30 September 2022 3,180,000 183,249 3,363,249

Cost or valuation at 30 September 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 3,183,045 - 3,183,045
Cost - 237,309 237,309
3,183,045 237,309 3,420,354

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,398,425 1,395,380

Land and buildings is comprised solely of investment properties that is used primarily by the company's subsidiaries in their trades. The investment properties were valued at the year end by professional valuers on an open market value basis.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 October 2022
and 30 September 2023 927,200
NET BOOK VALUE
At 30 September 2023 927,200
At 30 September 2022 927,200

Clarke Roxburgh Properties Limited (Registered number: 00736309)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,596 1,624
Amounts owed by group undertakings 427,829 447,829
Other debtors 19,101 9,900
448,526 459,353

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 700,000
Amounts owed to group undertakings 100 100
Taxation and social security 30,395 17,114
Other creditors 84,866 13,375
115,361 730,589

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 200,000 -
Other creditors 245,708 -
445,708 -

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 5,800 5,800
Between one and five years 23,200 23,200
In more than five years 43,500 49,300
72,500 78,300

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 200,000 700,000
Other creditors 300,000 -
500,000 700,000

The debts are secured by fixed and floating charges over the assets of the company.

Clarke Roxburgh Properties Limited (Registered number: 00736309)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


11. RESERVES
Fair
value
reserve
£   
At 1 October 2022
and 30 September 2023 1,476,519