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REGISTERED NUMBER: 12823464 (England and Wales)









CLEMENTS AND CO PROPERTIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023






CLEMENTS AND CO PROPERTIES LTD (REGISTERED NUMBER: 12823464)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLEMENTS AND CO PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: J Jacobs
M Jacobs
Mrs K M Jacobs





REGISTERED OFFICE: 9-11 Vittoria Street
Birmingham
B1 3ND





REGISTERED NUMBER: 12823464 (England and Wales)





ACCOUNTANTS: UHY Hacker Young (Bham) LLP
9-11 Vittoria Street
Birmingham
B1 3ND

CLEMENTS AND CO PROPERTIES LTD (REGISTERED NUMBER: 12823464)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 337,240 318,755

CURRENT ASSETS
Debtors 5 6,898 2
Cash at bank 2,984 12,272
9,882 12,274
CREDITORS
Amounts falling due within one year 6 67,805 22,741
NET CURRENT LIABILITIES (57,923 ) (10,467 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,317

308,288

CREDITORS
Amounts falling due after more than
one year

7

210,320

210,320
NET ASSETS 68,997 97,968

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 8 130,000 130,000
Retained earnings (61,005 ) (32,034 )
68,997 97,968

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

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

CLEMENTS AND CO PROPERTIES LTD (REGISTERED NUMBER: 12823464)

BALANCE SHEET - continued
31 AUGUST 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 29 August 2024 and were signed on its behalf by:





M Jacobs - Director


CLEMENTS AND CO PROPERTIES LTD (REGISTERED NUMBER: 12823464)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Clements And Co Properties Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 NIL (2022 - NIL).

CLEMENTS AND CO PROPERTIES LTD (REGISTERED NUMBER: 12823464)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 317,900 1,069 318,969
Additions 16,560 2,415 18,975
At 31 August 2023 334,460 3,484 337,944
DEPRECIATION
At 1 September 2022 - 214 214
Charge for year - 490 490
At 31 August 2023 - 704 704
NET BOOK VALUE
At 31 August 2023 334,460 2,780 337,240
At 31 August 2022 317,900 855 318,755

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 6,898 2

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,655 6,655
Amounts owed to group undertakings 25,539 -
Other creditors 35,611 16,086
67,805 22,741

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 210,320 210,320

CLEMENTS AND CO PROPERTIES LTD (REGISTERED NUMBER: 12823464)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

8. RESERVES
Revaluation
reserve
£   
At 1 September 2022
and 31 August 2023 130,000