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Company No: 04879803 (England and Wales)

CLAIBON PROPERTY SERVICES LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2023
Pages for filing with the registrar

CLAIBON PROPERTY SERVICES LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2023

Contents

CLAIBON PROPERTY SERVICES LIMITED

COMPANY INFORMATION

For the financial year ended 31 August 2023
CLAIBON PROPERTY SERVICES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 August 2023
DIRECTOR Ms C L Gibbons
SECRETARY Ms C L Gibbons
REGISTERED OFFICE Centenary House Peninsula Park
Rydon Lane
Exeter
EX2 7XE
United Kingdom
COMPANY NUMBER 04879803 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
CLAIBON PROPERTY SERVICES LIMITED

BALANCE SHEET

As at 31 August 2023
CLAIBON PROPERTY SERVICES LIMITED

BALANCE SHEET (continued)

As at 31 August 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1,719 900
1,719 900
Current assets
Debtors 4 1,439,028 1,320,245
Cash at bank and in hand 2,281,069 2,244,275
3,720,097 3,564,520
Creditors: amounts falling due within one year 5 ( 1,321,013) ( 1,497,912)
Net current assets 2,399,084 2,066,608
Total assets less current liabilities 2,400,803 2,067,508
Net assets 2,400,803 2,067,508
Capital and reserves
Called-up share capital 6 1 1
Capital redemption reserve 1 1
Profit and loss account 2,400,801 2,067,506
Total shareholder's funds 2,400,803 2,067,508

For the financial year ending 31 August 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Claibon Property Services Limited (registered number: 04879803) were approved and authorised for issue by the Director on 17 January 2024. They were signed on its behalf by:

Ms C L Gibbons
Director
CLAIBON PROPERTY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
CLAIBON PROPERTY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Claibon Property Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom.

The principal place of business is 52 Grosvenor Gardens, London, SW1W 0AU.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings 4 years straight line
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1,634 1,482

3. Tangible assets

Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 01 September 2022 4,269 39,637 43,906
Additions 0 1,675 1,675
At 31 August 2023 4,269 41,312 45,581
Accumulated depreciation
At 01 September 2022 4,269 38,737 43,006
Charge for the financial year 0 856 856
At 31 August 2023 4,269 39,593 43,862
Net book value
At 31 August 2023 0 1,719 1,719
At 31 August 2022 0 900 900

4. Debtors

2023 2022
£ £
Trade debtors 1,317,013 1,266,346
Prepayments 122,015 52,898
Other debtors 0 1,001
1,439,028 1,320,245

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 2,774 27,605
Amounts owed to director 480,482 427,486
Accruals 216,634 219,510
Taxation and social security 619,738 705,502
Other creditors 1,385 117,809
1,321,013 1,497,912

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2023 2022
£ £
within one year 98,424 107,130
between one and five years 16,404 114,828
114,828 221,958