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REGISTERED NUMBER: 03381878 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

CLIPSHAM PROPERTIES LIMITED

CLIPSHAM PROPERTIES LIMITED (REGISTERED NUMBER: 03381878)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLIPSHAM PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: N Y White





SECRETARY: C J Kamstra-White





REGISTERED OFFICE: Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN





REGISTERED NUMBER: 03381878 (England and Wales)





ACCOUNTANTS: Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

CLIPSHAM PROPERTIES LIMITED (REGISTERED NUMBER: 03381878)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,327 1,660
Investment property 5 700,000 650,000
701,327 651,660

CURRENT ASSETS
Cash at bank 9,193 10,385

CREDITORS
Amounts falling due within one year 6 3,262 4,046
NET CURRENT ASSETS 5,931 6,339
TOTAL ASSETS LESS CURRENT
LIABILITIES

707,258

657,999

CREDITORS
Amounts falling due after more than
one year

7

(31,114

)

(31,114

)

PROVISIONS FOR LIABILITIES (152,375 ) (139,875 )
NET ASSETS 523,769 487,010

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 457,125 419,625
Retained earnings 66,642 67,383
SHAREHOLDERS' FUNDS 523,769 487,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

CLIPSHAM PROPERTIES LIMITED (REGISTERED NUMBER: 03381878)

BALANCE SHEET - continued
30 JUNE 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 director and authorised for issue on 16 August 2024 and were signed by:





N Y White - Director


CLIPSHAM PROPERTIES LIMITED (REGISTERED NUMBER: 03381878)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Clipsham 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.

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 represents rents received.

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 - 20% on reducing balance
Computer equipment - 20% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CLIPSHAM PROPERTIES LIMITED (REGISTERED NUMBER: 03381878)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 6,041 5,623 11,664
DEPRECIATION
At 1 July 2023 5,754 4,250 10,004
Charge for year 58 275 333
At 30 June 2024 5,812 4,525 10,337
NET BOOK VALUE
At 30 June 2024 229 1,098 1,327
At 30 June 2023 287 1,373 1,660

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 650,000
Revaluations 50,000
At 30 June 2024 700,000
NET BOOK VALUE
At 30 June 2024 700,000
At 30 June 2023 650,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2011 147,000
Valuation in 2008 62,500
Valuation in 2015 300,000
Valuation in 2018 50,000
Valuation in 2024 50,000
Cost 90,500
700,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 13
Other creditors 3,262 4,033
3,262 4,046

CLIPSHAM PROPERTIES LIMITED (REGISTERED NUMBER: 03381878)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 31,114 31,114

8. RESERVES
Fair
value
reserve
£   
At 1 July 2023 419,625
Investment properties 37,500

At 30 June 2024 457,125