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REGISTERED NUMBER: 10676982 (England and Wales)











Financial Statements

for the Year Ended 31 January 2024

for

C L & R PROPERTIES LIMITED

C L & R PROPERTIES LIMITED (REGISTERED NUMBER: 10676982)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C L & R PROPERTIES LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs R L Giordani
Mr C Giordani
Mr L J Owen





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 10676982 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

C L & R PROPERTIES LIMITED (REGISTERED NUMBER: 10676982)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 930 1,241
Investment property 5 900,861 813,038
901,791 814,279

CURRENT ASSETS
Debtors 6 - 4,000
Cash at bank 53,557 31,006
53,557 35,006
CREDITORS
Amounts falling due within one year 7 201,831 201,336
NET CURRENT LIABILITIES (148,274 ) (166,330 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

753,517

647,949

CREDITORS
Amounts falling due after more than one year 8 (579,661 ) (579,990 )

PROVISIONS FOR LIABILITIES 10 (26,250 ) (4,294 )
NET ASSETS 147,606 63,665

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 78,750 12,883
Retained earnings 68,756 50,682
SHAREHOLDERS' FUNDS 147,606 63,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

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

C L & R PROPERTIES LIMITED (REGISTERED NUMBER: 10676982)

Balance Sheet - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





Mrs R L Giordani - Director


C L & R PROPERTIES LIMITED (REGISTERED NUMBER: 10676982)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

C L & R 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.
Fixtures and fittings - 25% on reducing balance

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.

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.

Going concern
The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future and therefore used the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

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

C L & R PROPERTIES LIMITED (REGISTERED NUMBER: 10676982)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2023
and 31 January 2024 3,468
DEPRECIATION
At 1 February 2023 2,227
Charge for year 311
At 31 January 2024 2,538
NET BOOK VALUE
At 31 January 2024 930
At 31 January 2023 1,241

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 813,038
Revaluations 87,823
At 31 January 2024 900,861
NET BOOK VALUE
At 31 January 2024 900,861
At 31 January 2023 813,038

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2023 17,177
Valuation in 2024 87,823
Cost 795,861
900,861

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors - 4,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Amounts owed to group undertakings 93,532 93,532
Tax 4,824 2,922
Other creditors - 1,487
Directors' current accounts 102,275 102,195
Accruals and deferred income 1,200 1,200
201,831 201,336

C L & R PROPERTIES LIMITED (REGISTERED NUMBER: 10676982)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans (see note 9) 579,661 579,990

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 579,661 579,990

9. LOANS

The loan are secured against the assets of the company.

10. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 26,250 4,294

Deferred
tax
£   
Balance at 1 February 2023 4,294
Provided during year 21,956
Balance at 31 January 2024 26,250

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100

12. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £93,532 (2023: £93,532) due to Giordani Ltd. The companies are related parties by virtue of the fact that they are under common control.

As at the balance sheet date, included in creditors due within one year is £102,275 (2023: £102,195), due and payable to the directors. The amount is interest free and repayable on demand.