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REGISTERED NUMBER: 04505309 (England and Wales)
















Clayton Asset Management Limited

Unaudited Financial Statements

for the Year Ended

31 May 2023






Clayton Asset Management Limited (Registered number: 04505309)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clayton Asset Management Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: W R Clayton
C J Clayton
W O Clayton





SECRETARY: M A Nelson





REGISTERED OFFICE: 7 Castle Street
Deddington
Banbury
Oxfordshire
OX15 0TE





REGISTERED NUMBER: 04505309 (England and Wales)





ACCOUNTANTS: Moffat Gilbert
5 Clarendon Place
Leamington Spa
Warwickshire
CV32 5QL

Clayton Asset Management Limited (Registered number: 04505309)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 800,000 800,000

CURRENT ASSETS
Debtors 5 10,814 10,814
Cash at bank 16,762 25,671
27,576 36,485
CREDITORS
Amounts falling due within one year 6 294,424 340,147
NET CURRENT LIABILITIES (266,848 ) (303,662 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

533,152

496,338

PROVISIONS FOR LIABILITIES 33,793 33,793
NET ASSETS 499,359 462,545

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Fair value reserve 8 333,438 333,438
Retained earnings 8 164,921 128,107
SHAREHOLDERS' FUNDS 499,359 462,545

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Clayton Asset Management Limited (Registered number: 04505309)

Balance Sheet - continued
31 May 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 15 January 2024 and were signed on its behalf by:





W R Clayton - Director


Clayton Asset Management Limited (Registered number: 04505309)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Clayton Asset Management 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.

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 1 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS

The fixed asset investment in the Balance Sheet wholly relates to the investment property held by the company. The director has reviewed the market values of similar properties in the same area and is satisfied that there has been no change in the valuation of the property during the year.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Prepayments 10,814 10,814

Clayton Asset Management Limited (Registered number: 04505309)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 4,998 26,373
Taxation and social security 9,128 5,407
Other creditors 280,298 308,367
294,424 340,147

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100,000 Ordinary £0.01 1,000 1,000

On 8 August 2020, the 1,000 £1 shares were subdivided into 100,000 £0.01 shares.

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 June 2022 128,107 333,438 461,545
Profit for the year 38,914 38,914
Dividends (2,100 ) (2,100 )
At 31 May 2023 164,921 333,438 498,359

9. RELATED PARTY DISCLOSURES

The sum owed by the company to Mr W R Clayton and his family at 31 May 2023 was £266,707.

10. ULTIMATE CONTROLLING PARTY

Mr W R Clayton is the ultimate controlling party of the company.