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REGISTERED NUMBER: 03407494 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

THE CLIENT COMPANY LIMITED

THE CLIENT COMPANY LIMITED (REGISTERED NUMBER: 03407494)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE CLIENT COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Ms A Caplehorn





SECRETARY: R C Caplehorn





REGISTERED OFFICE: First Floor, Winston House
349 Regents Park Road
London
N3 1DH





REGISTERED NUMBER: 03407494 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

THE CLIENT COMPANY LIMITED (REGISTERED NUMBER: 03407494)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment properties 4 800,000 800,000

CURRENT ASSETS
Debtors 5 - 1,137
Cash at bank 43,675 27,381
43,675 28,518
CREDITORS
Amounts falling due within one year 6 185,941 177,692
NET CURRENT LIABILITIES (142,266 ) (149,174 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

657,734

650,826

PROVISIONS FOR LIABILITIES 83,281 63,294
NET ASSETS 574,453 587,532

CAPITAL AND RESERVES
Called up share capital 70,000 70,000
Profit and loss account 7 504,453 517,532
SHAREHOLDERS' FUNDS 574,453 587,532

THE CLIENT COMPANY LIMITED (REGISTERED NUMBER: 03407494)

BALANCE SHEET - continued
31 JULY 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 April 2024 and were signed by:





Ms A Caplehorn - Director


THE CLIENT COMPANY LIMITED (REGISTERED NUMBER: 03407494)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

The Client Company 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 represents the value of services provided to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Investment properties
Investment properties are properties which are held either to earn rental income or for capital appreciation or for both, and are initially recognised at cost.

Subsequent to initial recognition:

i. Investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from changes in the fair value are recognised in the profit and loss account in the period that they arise; and

ii. No depreciation is provided in respect of investment properties applying the fair value model.

Investment property fair value is based on a valuation by an external, independent valuer, having an appropriate recognised professional qualification and recent experience in the location and class of property being valued.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost unless they are classified as receivable within one year in which case they are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment.

Financial liabilities that are classified as payable within one year are subsequently measured at the undiscounted amount of the cash or other consideration expected to be paid.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously.


THE CLIENT COMPANY LIMITED (REGISTERED NUMBER: 03407494)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 1 (2022 - 1 ) .

4. INVESTMENT PROPERTIES
Investment
properties
£   
COST
At 1 August 2022
and 31 July 2023 800,000
NET BOOK VALUE
At 31 July 2023 800,000
At 31 July 2022 800,000

The Company's investment property is valued at the director's estimation of market value as at 31 July 2023 in consultation with local agents and based on her experience and understanding of the property market and current market conditions. The valuation is based on a sales valuation approach, derived from recent comparable transactions on the market to arrive at an average market price, adjusted by applying discounts to reflect status of occupation and condition of the property.

In accordance with the company's stated accounting policy no depreciation has been provided in respect of the properties which are held for investment purposes.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 1,137

THE CLIENT COMPANY LIMITED (REGISTERED NUMBER: 03407494)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 7,007 -
Other creditors 178,934 177,692
185,941 177,692

7. RESERVES

The balance on the profit and loss account at 31 July 2022 includes £420,578 of unrealised profits which are not available for distribution.

8. RELATED PARTY DISCLOSURES

Included in other creditors is an interest free loan made to the company by the sole director, Ms A Caplehorn. At the balance sheet date the amount outstanding was £139,525 (2022: £151,967). There is no stipulation as to repayment of this loan.