Company Registration No. 09824646 (England and Wales)
Clockhouse Property Ltd
Unaudited accounts
for the year ended 31 October 2023
Clockhouse Property Ltd
Unaudited accounts
Contents
Clockhouse Property Ltd
Company Information
for the year ended 31 October 2023
Directors
Dr Michael Watson
Mr Paul Watson
Company Number
09824646 (England and Wales)
Registered Office
CLOCKHOUSE BARN CLOCKHOUSE LANE
LITTLE STONHAM
STOWMARKET
SUFFOLK
IP14 5JP
ENGLAND
Clockhouse Property Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
542,040
964,003
Inventories
190,085
190,085
Cash at bank and in hand
15,977
29,919
Creditors: amounts falling due within one year
(341,749)
(960,139)
Net current liabilities
(133,947)
(737,825)
Total assets less current liabilities
408,093
226,178
Provisions for liabilities
Deferred tax
(3,820)
(3,820)
Net assets
404,273
222,358
Called up share capital
100
100
Revaluation reserve
44,804
-
Profit and loss account
359,369
222,258
Shareholders' funds
404,273
222,358
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by
Mr Paul Watson
Director
Company Registration No. 09824646
Clockhouse Property Ltd
Notes to the Accounts
for the year ended 31 October 2023
Clockhouse Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 09824646. The registered office is CLOCKHOUSE BARN CLOCKHOUSE LANE, LITTLE STONHAM, STOWMARKET, SUFFOLK, IP14 5JP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 October 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At valuation
At cost
At 1 November 2022
961,384
8,438
969,822
Revaluations
44,804
-
44,804
Disposals
(486,673)
-
(486,673)
At 31 October 2023
540,000
8,438
548,438
At 1 November 2022
-
5,819
5,819
Charge for the year
-
579
579
At 31 October 2023
-
6,398
6,398
At 31 October 2023
540,000
2,040
542,040
At 31 October 2022
961,384
2,619
964,003
Clockhouse Property Ltd
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Accrued income and prepayments
1,740
2,310
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
4,000
5,466
Taxes and social security
39,356
9,536
Other creditors
12,500
12,500
Loans from directors
282,509
931,004
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).