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Registered number: 01511405
Claremont Developments (Essex) Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
The Greenways Partnership
23 Tomline Road
Felixstowe
Suffolk
IP11 7QW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 01511405
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 232,839 232,839
232,839 232,839
CURRENT ASSETS
Cash at bank and in hand 17,250 17,601
17,250 17,601
Creditors: Amounts Falling Due Within One Year 5 (2,047 ) (2,739 )
NET CURRENT ASSETS (LIABILITIES) 15,203 14,862
TOTAL ASSETS LESS CURRENT LIABILITIES 248,042 247,701
NET ASSETS 248,042 247,701
CAPITAL AND RESERVES
Called up share capital 6 5,000 5,000
Profit and Loss Account 243,042 242,701
SHAREHOLDERS' FUNDS 248,042 247,701
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For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Trew
Director
12/04/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Claremont Developments (Essex) Limited Registered number 01511405 is a limited by shares company incorporated in England & Wales. The Registered Office is Sea Bank, The Ferry, Felixstowe, Suffolk, IP11 9RZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
2.4. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
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4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 March 2023 232,839
As at 29 February 2024 232,839
Net Book Value
As at 29 February 2024 232,839
As at 1 March 2023 232,839
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 2,047 1,671
Director's loan account - 1,068
2,047 2,739
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5,000 5,000
7. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Michael Trew - 8,400
8. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 8,400 8,400
9. Ultimate Controlling Party
The company's ultimate controlling party is the Director by virtue of his ownership of 100% of the issued share capital in the company.
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