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REGISTERED NUMBER: 03699980 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Clarkburgh Properties Limited

Clarkburgh Properties Limited (Registered number: 03699980)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clarkburgh Properties Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: T C R Clarke
G B Clarke





SECRETARY: T C R Clarke





REGISTERED OFFICE: 2nd Floor
Clarburgh House
32 Church Street
Malvern
WR14 2AZ





REGISTERED NUMBER: 03699980 (England and Wales)





ACCOUNTANTS: Metherell Gard Ltd
Chartered Accountants
Burn View
Bude
Cornwall
EX23 8BX

Clarkburgh Properties Limited (Registered number: 03699980)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 856 1,142
Investments 5 1 1
Investment property 6 1,060,000 1,027,500
1,060,857 1,028,643

CURRENT ASSETS
Debtors 7 9,147 7,444
Cash at bank 17,720 54,164
26,867 61,608
CREDITORS
Amounts falling due within one year 8 48,122 45,382
NET CURRENT (LIABILITIES)/ASSETS (21,255 ) 16,226
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,039,602

1,044,869

CREDITORS
Amounts falling due after more than one
year

9

(127,500

)

(161,176

)

PROVISIONS FOR LIABILITIES (28,830 ) (20,750 )
NET ASSETS 883,272 862,943

CAPITAL AND RESERVES
Called up share capital 400 400
Fair value reserve 11 217,166 192,746
Retained earnings 665,706 669,797
SHAREHOLDERS' FUNDS 883,272 862,943

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Clarkburgh Properties Limited (Registered number: 03699980)

Balance Sheet - continued
31 March 2024


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 2 August 2024 and were signed on its behalf by:





T C R Clarke - Director


Clarkburgh Properties Limited (Registered number: 03699980)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Clarkburgh Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets, as specified in the accounting policies below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade
discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sale of trading properties is recognised when significant risks and rewards of ownership have transferred to the purchaser. This is usually on completion.

Rental income
Rental income from investment property leased out under an operating lease is recognised in turnover on a straight line basis over the lease term.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and
accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of
operating as intended.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Land and buildings - Nil
Plant and machinery etc - 10 - 20% on cost

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The methods and significant assumptions used to ascertain the fair value are given later in the notes to the
financial statements.


Clarkburgh Properties Limited (Registered number: 03699980)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Financial instruments
All financial instruments are recognised initially at transaction price excluding transaction costs and subsequently at amortised cost. These include cash at bank, trade and other debtors, trade and other creditors and bank loans.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 2,854
DEPRECIATION
At 1 April 2023 1,712
Charge for year 286
At 31 March 2024 1,998
NET BOOK VALUE
At 31 March 2024 856
At 31 March 2023 1,142

Clarkburgh Properties Limited (Registered number: 03699980)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,027,500
Revaluations 32,500
At 31 March 2024 1,060,000
NET BOOK VALUE
At 31 March 2024 1,060,000
At 31 March 2023 1,027,500

The investment properties were valued at the year end by management and not thought to be materially different to the value held in the accounts. This valuation was based on rental income yields.

If property had not been revalued it would have been included at the following historical cost:



Cost 2023 2022
£ £
819,204 819,204

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,667 965
Other debtors 6,480 6,479
9,147 7,444

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 30,000 30,000
Taxation and social security 13,989 11,224
Other creditors 4,133 4,158
48,122 45,382

Clarkburgh Properties Limited (Registered number: 03699980)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 127,500 161,176

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,500 41,176

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 157,500 191,176

The debts are secured by fixed and floating charges over the assets of the company.

11. RESERVES
Fair
value
reserve
£   
At 1 April 2023 192,746
Transfer 24,420

At 31 March 2024 217,166