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REGISTERED NUMBER: 05032437 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

CLECKHEATON PROPERTIES LIMITED

CLECKHEATON PROPERTIES LIMITED (REGISTERED NUMBER: 05032437)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLECKHEATON PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Tamara Dawn Beckwith
Paul Adam Milton Williamson
Robert Williamson
Evelyn Williamson
Jonathan Stuart Holmes





REGISTERED OFFICE: Willow House
St Johns Place
Cleckheaton
West Yorkshire
BD19 3RR





REGISTERED NUMBER: 05032437 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
1 Valley Court
Canal Road
Bradford
West Yorkshire
BD1 4SP

CLECKHEATON PROPERTIES LIMITED (REGISTERED NUMBER: 05032437)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,462 2,462
Investment property 5 7,126,686 7,126,686
7,129,148 7,129,148

CURRENT ASSETS
Debtors 6 4,464,866 4,261,715
Cash at bank 50,602 76,437
4,515,468 4,338,152
CREDITORS
Amounts falling due within one year 7 5,800,757 6,080,738
NET CURRENT LIABILITIES (1,285,289 ) (1,742,586 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,843,859

5,386,562

CAPITAL AND RESERVES
Called up share capital 200 200
Profit and loss account 5,843,659 5,386,362
5,843,859 5,386,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

CLECKHEATON PROPERTIES LIMITED (REGISTERED NUMBER: 05032437)

BALANCE SHEET - continued
29 FEBRUARY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 July 2024 and were signed on its behalf by:





Jonathan Stuart Holmes - Director


CLECKHEATON PROPERTIES LIMITED (REGISTERED NUMBER: 05032437)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Cleckheaton 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation by the directors. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

CLECKHEATON PROPERTIES LIMITED (REGISTERED NUMBER: 05032437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

INCOME RECOGNITION
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

FINANCE COSTS OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.




3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 2,462
NET BOOK VALUE
At 29 February 2024 2,462
At 28 February 2023 2,462

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Willow Estates SL
Registered office: Spain
Nature of business: Property Development
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves (384,210 ) (296,296 )
Loss for the year (87,914 ) (134,482 )

CLECKHEATON PROPERTIES LIMITED (REGISTERED NUMBER: 05032437)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 7,126,686
NET BOOK VALUE
At 29 February 2024 7,126,686
At 28 February 2023 7,126,686

The Directors have valued the investment properties based on an open market valuation.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 45,932 65,913
Amounts owed by group undertakings 4,418,934 4,162,995
Other debtors - 32,807
4,464,866 4,261,715

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 227 57,429
Taxation and social security 163,993 184,758
Other creditors 5,636,537 5,838,551
5,800,757 6,080,738

8. RELATED PARTY DISCLOSURES

Mr and Mrs R Williamson have control over a majority of shares in the company, and together with their involvement in its day-to-day management, are deemed to be the controlling parties for the purposes of Financial Reporting Standard No. 102.

Mr and Mrs R Williamson are also the parents of Mr P A M Williamson and Mrs T Beckwith, the directors of the company.

Mr P A M Williamson and Mrs T Beckwith are also directors of Willow Properties (Yorkshire) Limited.

Creditors falling due within one year includes £327,733 (2023: £482,733) owed to Willow Properties (Yorkshire) Limited.

Willow Estates SL is a wholly owned subsidiary of Cleckheaton Properties Limited

Debtors falling due within one year includes £4,418,934 (2023:£4,162,995) owed by Willow Estates SL.