REGISTERED NUMBER: |
Financial Statements for the Year Ended 28 September 2023 |
for |
Clarke & Company 2 Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 28 September 2023 |
for |
Clarke & Company 2 Limited |
Clarke & Company 2 Limited (Registered number: 12206040) |
Contents of the Financial Statements |
for the Year Ended 28 September 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Clarke & Company 2 Limited |
Company Information |
for the Year Ended 28 September 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
116 Duke Street |
Liverpool |
Merseyside |
L1 5JW |
Clarke & Company 2 Limited (Registered number: 12206040) |
Balance Sheet |
28 September 2023 |
28.9.23 | 28.9.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors: amounts falling due within one year |
6 |
Debtors: amounts falling due after more than one year |
6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
Clarke & Company 2 Limited (Registered number: 12206040) |
Balance Sheet - continued |
28 September 2023 |
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 |
Clarke & Company 2 Limited (Registered number: 12206040) |
Notes to the Financial Statements |
for the Year Ended 28 September 2023 |
1. | STATUTORY INFORMATION |
Clarke & Company 2 Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Despite the net current liability position of the company it is still considered a going concern due to ongoing continued support from the director. |
Significant judgements and estimates |
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements. |
Turnover |
Turnover is derived from ordinary activities and is measured at the fair value of rental income received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when it is probable that future economic benefits will flow to the entity. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
Financial instruments |
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. |
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
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. |
Clarke & Company 2 Limited (Registered number: 12206040) |
Notes to the Financial Statements - continued |
for the Year Ended 28 September 2023 |
2. | ACCOUNTING POLICIES - continued |
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). |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 29 September 2022 |
and 28 September 2023 |
NET BOOK VALUE |
At 28 September 2023 |
At 28 September 2022 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 29 September 2022 |
Additions |
Disposals | ( |
) |
At 28 September 2023 |
NET BOOK VALUE |
At 28 September 2023 |
At 28 September 2022 |
Clarke & Company 2 Limited (Registered number: 12206040) |
Notes to the Financial Statements - continued |
for the Year Ended 28 September 2023 |
6. | DEBTORS |
28.9.23 | 28.9.22 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Amounts owed by associates |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.9.23 | 28.9.22 |
£ | £ |
Amounts owed to group undertakings |
Amounts owed to associates | 356,168 | 16,928 |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
28.9.23 | 28.9.22 |
£ | £ |
Other creditors |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Other loans more 5yrs non-inst |
9. | RELATED PARTY DISCLOSURES |
Included in creditors is £6,013,872 due to subsidiaries of Clarke & Company 2 Ltd. |
Included in debtors is £4,831,109 and included in creditors is £356,168 due from/to a related party by virtue of common directors. |