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REGISTERED NUMBER: 08318596 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CLUNIES-ROSS DESIGN LIMITED

CLUNIES-ROSS DESIGN LIMITED (REGISTERED NUMBER: 08318596)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLUNIES-ROSS DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: J Clunies-Ross





REGISTERED OFFICE: 5a Melrose Gardens
London
W6 7RN





REGISTERED NUMBER: 08318596 (England and Wales)





ACCOUNTANTS: Liles Morris Limited
1st Floor
80 Coombe Road
New Malden
Surrey
KT3 4QS

CLUNIES-ROSS DESIGN LIMITED (REGISTERED NUMBER: 08318596)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 450,000 450,000

CURRENT ASSETS
Debtors 6 798 1,197
Cash at bank 2,772 22,421
3,570 23,618
CREDITORS
Amounts falling due within one year 7 39,876 45,435
NET CURRENT LIABILITIES (36,306 ) (21,817 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

413,694

428,183

CREDITORS
Amounts falling due after more than one
year

8

(219,377

)

(239,377

)

PROVISIONS FOR LIABILITIES (7,250 ) (7,250 )
NET ASSETS 187,067 181,556

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 30,911 30,911
Retained earnings 156,056 150,545
SHAREHOLDERS' FUNDS 187,067 181,556

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CLUNIES-ROSS DESIGN LIMITED (REGISTERED NUMBER: 08318596)

BALANCE SHEET - continued
31 DECEMBER 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 director and authorised for issue on 5 September 2024 and were signed by:





J Clunies-Ross - Director


CLUNIES-ROSS DESIGN LIMITED (REGISTERED NUMBER: 08318596)

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


1. STATUTORY INFORMATION

Clunies-Ross Design 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is rent receivable during the accounting period.

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

The change in value, net of the associated deferred tax, is then transferred to the fair value reserve.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

CLUNIES-ROSS DESIGN LIMITED (REGISTERED NUMBER: 08318596)

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


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 450,000
NET BOOK VALUE
At 31 December 2023 450,000
At 31 December 2022 450,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2018 8,161
Valuation in 2020 30,000
Cost 411,839
450,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 798 1,197

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 1,293 6,852
Other creditors 38,583 38,583
39,876 45,435

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 219,377 239,377

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 219,377 239,377

CLUNIES-ROSS DESIGN LIMITED (REGISTERED NUMBER: 08318596)

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


9. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 30,911

10. RELATED PARTY DISCLOSURES

The company maintained an interest-free loan account with the director. At the year end, the company owed its director £37,803 (2022: £37,803).