IRIS Accounts Production v23.4.0.336 12188787 director 29.9.22 28.9.23 28.9.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh121887872022-09-28121887872023-09-28121887872022-09-292023-09-28121887872021-09-28121887872021-09-292022-09-28121887872022-09-2812188787ns15:EnglandWales2022-09-292023-09-2812188787ns14:PoundSterling2022-09-292023-09-2812188787ns10:Director12022-09-292023-09-2812188787ns10:PrivateLimitedCompanyLtd2022-09-292023-09-2812188787ns10:SmallEntities2022-09-292023-09-2812188787ns10:AuditExempt-NoAccountantsReport2022-09-292023-09-2812188787ns10:SmallCompaniesRegimeForDirectorsReport2022-09-292023-09-2812188787ns10:SmallCompaniesRegimeForAccounts2022-09-292023-09-2812188787ns10:FullAccounts2022-09-292023-09-2812188787ns10:OrdinaryShareClass12022-09-292023-09-2812188787ns10:CompanySecretary12022-09-292023-09-2812188787ns10:RegisteredOffice2022-09-292023-09-2812188787ns5:CurrentFinancialInstruments2023-09-2812188787ns5:CurrentFinancialInstruments2022-09-2812188787ns5:Non-currentFinancialInstruments2023-09-2812188787ns5:Non-currentFinancialInstruments2022-09-2812188787ns5:ShareCapital2023-09-2812188787ns5:ShareCapital2022-09-2812188787ns5:RetainedEarningsAccumulatedLosses2023-09-2812188787ns5:RetainedEarningsAccumulatedLosses2022-09-2812188787ns5:LandBuildings2022-09-2812188787ns5:LandBuildings2023-09-2812188787ns5:LandBuildings2022-09-2812188787ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-2812188787ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-2812188787ns5:Non-currentFinancialInstruments2022-09-292023-09-2812188787ns10:OrdinaryShareClass12023-09-28
REGISTERED NUMBER: 12188787 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 SEPTEMBER 2023

FOR

THE CLOCK FREEHOLD LIMITED

THE CLOCK FREEHOLD LIMITED (REGISTERED NUMBER: 12188787)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE CLOCK FREEHOLD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 SEPTEMBER 2023







DIRECTOR: G P Adams





SECRETARY: Evolve Block & Estate Management Ltd





REGISTERED OFFICE: 24a Southampton Road
Ringwood
United Kingdom
Hampshire
BH24 1HY





REGISTERED NUMBER: 12188787 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

THE CLOCK FREEHOLD LIMITED (REGISTERED NUMBER: 12188787)

BALANCE SHEET
28 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,360 64,360

CURRENT ASSETS
Debtors 5 - 634
Cash at bank 5,678 -
5,678 634
CREDITORS
Amounts falling due within one year 6 5,798 628
NET CURRENT (LIABILITIES)/ASSETS (120 ) 6
TOTAL ASSETS LESS CURRENT LIABILITIES 64,240 64,366

CREDITORS
Amounts falling due after more than one
year

7

44,039

64,289
NET ASSETS 20,201 77

CAPITAL AND RESERVES
Called up share capital 8 5 5
Retained earnings 20,196 72
SHAREHOLDERS' FUNDS 20,201 77

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 CLOCK FREEHOLD LIMITED (REGISTERED NUMBER: 12188787)

BALANCE SHEET - continued
28 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 April 2024 and were signed by:





G P Adams - Director


THE CLOCK FREEHOLD LIMITED (REGISTERED NUMBER: 12188787)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 SEPTEMBER 2023


1. STATUTORY INFORMATION

The Clock Freehold 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.

These financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

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.

Turnover
Turnover in the accounts represents ground rents receivable during the period.

Tangible fixed assets
All fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Debtors
Debtors are measured at their recoverable amount.

THE CLOCK FREEHOLD LIMITED (REGISTERED NUMBER: 12188787)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued

Creditors
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 29 September 2022
and 28 September 2023 64,360
NET BOOK VALUE
At 28 September 2023 64,360
At 28 September 2022 64,360

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 634

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 4,732 49
Other creditors 1,066 579
5,798 628

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to associates 44,039 64,289

The 5 participating members advanced funds to the company in order to acquire the freehold interest in
respect of the 8 flats at The Clock, 321 Sandbanks Road, Poole.

These loans are interest free and repayable only if and when the 3 remaining non participators purchase a
share in the freehold interest or a lease extension.

THE CLOCK FREEHOLD LIMITED (REGISTERED NUMBER: 12188787)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 SEPTEMBER 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5 Ordinary £1 5 5