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REGISTERED NUMBER: 09391240 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Clayborne Developments Limited

Clayborne Developments Limited (Registered number: 09391240)






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


Clayborne Developments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D J Hutchings
T E Hutchings





REGISTERED OFFICE: 3 Bakers Lane
Shutlanger
Towcester
Northamptonshire
NN12 7RT





REGISTERED NUMBER: 09391240 (England and Wales)





ACCOUNTANTS: Haes Cooper and Company Limited
3 Bakers Lane
Shutlanger
Northamptonshire
NN12 7RT

Clayborne Developments Limited (Registered number: 09391240)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,667 28,983
Investment property 5 1,330,000 1,225,000
1,356,667 1,253,983

CURRENT ASSETS
Debtors 6 21,526 21,526
Cash at bank 15,618 12,422
37,144 33,948
CREDITORS
Amounts falling due within one year 7 546,702 570,895
NET CURRENT LIABILITIES (509,558 ) (536,947 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

847,109

717,036

CREDITORS
Amounts falling due after more than one year 8 (416,154 ) (443,387 )

PROVISIONS FOR LIABILITIES (47,069 ) (12,737 )
NET ASSETS 383,886 260,912

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 383,786 260,812
SHAREHOLDERS' FUNDS 383,886 260,912

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 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.

Clayborne Developments Limited (Registered number: 09391240)

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 Board of Directors and authorised for issue on 28 September 2024 and were signed on its behalf by:





D J Hutchings - Director


Clayborne Developments Limited (Registered number: 09391240)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Clayborne Developments 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and Fittings - over 15 years straight line.

Investment property
Investment properties are valued at open market value by the director of the company (2020 valuation was by an independent valuer). Any unrealised gain or loss is included in the profit and loss account.

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).

Clayborne Developments Limited (Registered number: 09391240)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 34,737
DEPRECIATION
At 1 January 2023 5,754
Charge for year 2,316
At 31 December 2023 8,070
NET BOOK VALUE
At 31 December 2023 26,667
At 31 December 2022 28,983

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 1,225,000
Revaluations 105,000
At 31 December 2023 1,330,000
NET BOOK VALUE
At 31 December 2023 1,330,000
At 31 December 2022 1,225,000

There are two investment properties.
For 2022 the value of both properties has been assessed by the director and no independent valuation has been carried out.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 21,426 21,426
Other debtors 100 100
21,526 21,526

Clayborne Developments Limited (Registered number: 09391240)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 27,233 26,039
Trade creditors 1,140 138
Amounts owed to group undertakings 30,000 35,000
Taxation and social security 4,133 3,894
Other creditors 484,196 505,824
546,702 570,895

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 416,154 443,387

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 291,170 324,801

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 443,387 469,426

The bank development loan is secured by an unlimited debenture from the company and a first legal charge over the land and buildings for which the loan has been granted.

10. RELATED PARTY DISCLOSURES

Other Creditors includes a loan of £30,000 (2022:£35,000) repayable on demand, from a company with the same majority shareholding.