Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-2982023-03-01falseThe principal activity of the company is that of CJ Hole estate agents franchise8truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11866030 2023-03-01 2024-02-29 11866030 2022-03-01 2023-02-28 11866030 2024-02-29 11866030 2023-02-28 11866030 2022-03-01 11866030 c:Director1 2023-03-01 2024-02-29 11866030 d:Buildings d:LongLeaseholdAssets 2023-03-01 2024-02-29 11866030 d:Buildings d:LongLeaseholdAssets 2024-02-29 11866030 d:Buildings d:LongLeaseholdAssets 2023-02-28 11866030 d:MotorVehicles 2023-03-01 2024-02-29 11866030 d:FurnitureFittings 2023-03-01 2024-02-29 11866030 d:FurnitureFittings 2024-02-29 11866030 d:FurnitureFittings 2023-02-28 11866030 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11866030 d:OfficeEquipment 2023-03-01 2024-02-29 11866030 d:OfficeEquipment 2024-02-29 11866030 d:OfficeEquipment 2023-02-28 11866030 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11866030 d:ComputerEquipment 2023-03-01 2024-02-29 11866030 d:ComputerEquipment 2024-02-29 11866030 d:ComputerEquipment 2023-02-28 11866030 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11866030 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11866030 d:CurrentFinancialInstruments 2024-02-29 11866030 d:CurrentFinancialInstruments 2023-02-28 11866030 d:Non-currentFinancialInstruments 2024-02-29 11866030 d:Non-currentFinancialInstruments 2023-02-28 11866030 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 11866030 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11866030 d:ShareCapital 2024-02-29 11866030 d:ShareCapital 2023-02-28 11866030 d:SharePremium 2024-02-29 11866030 d:SharePremium 2023-02-28 11866030 d:RetainedEarningsAccumulatedLosses 2024-02-29 11866030 d:RetainedEarningsAccumulatedLosses 2023-02-28 11866030 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 11866030 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 11866030 d:TaxLossesCarry-forwardsDeferredTax 2024-02-29 11866030 d:TaxLossesCarry-forwardsDeferredTax 2023-02-28 11866030 c:OrdinaryShareClass1 2023-03-01 2024-02-29 11866030 c:OrdinaryShareClass1 2024-02-29 11866030 c:FRS102 2023-03-01 2024-02-29 11866030 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11866030 c:FullAccounts 2023-03-01 2024-02-29 11866030 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11866030














CJ CLIFTON & BRISTOL LTD

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
CJ CLIFTON & BRISTOL LTD
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 8

 
CJ CLIFTON & BRISTOL LTD
REGISTERED NUMBER:11866030

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
10,907
17,043

  
10,907
17,043

Current assets
  

Debtors: amounts falling due after more than one year
 5 
20,650
20,650

Debtors: amounts falling due within one year
 5 
44,612
49,175

Cash at bank and in hand
 6 
272
1

  
65,534
69,826

Creditors: amounts falling due within one year
 7 
(257,560)
(175,505)

Net current liabilities
  
 
 
(192,026)
 
 
(105,679)

Total assets less current liabilities
  
(181,119)
(88,636)

Provisions for liabilities
  

Deferred tax
 8 
(1,589)
-

  
 
 
(1,589)
 
 
-

Net liabilities
  
(182,708)
(88,636)


Capital and reserves
  

Called up share capital 
  
100
100

Share premium account
  
49,900
49,900

Profit and loss account
  
(232,708)
(138,636)

  
(182,708)
(88,636)


1

 
CJ CLIFTON & BRISTOL LTD
REGISTERED NUMBER:11866030
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 September 2024.




C E Hill
Director

The notes on pages 3 to 8 form part of these financial statements.

2

 
CJ CLIFTON & BRISTOL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

CJ Clifton & Bristol Ltd is a private company, limited by shares, registered in England and Wales, registration number 11866030. The registered office address is 108 Henleaze Road, Bristol, BS9 4JZ. The trading address is 161 Whiteladies Road, Clifton, Bristol, BS8 2RF.
The principal activity of the company is that of CJ Hole estate agents franchise.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis as the shareholders have confirmed they will continue to provide necessary funding in order for the company to maintain operations and meet liabilities in full for at least the next 12 months.

 
2.3

Turnover

Turnover comprises of revenue recognised by the company in respect of estate agents franchise services supplied during the year, net of Value Added Tax.
 
 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3

 
CJ CLIFTON & BRISTOL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

 Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Over the term of the lease
Motor vehicles
-
20% straight line
Fixtures and fittings
-
25% straight line
Office equipment
-
25% straight line
Computer equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

 Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.11

 Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

4

 
CJ CLIFTON & BRISTOL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.12

 Creditors

Short term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

 Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from other third parties, loans from and to related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 8 (2023 - 8).


4.


Tangible fixed assets







Long-term leasehold property
Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 March 2023
21,860
9,003
5,479
13,021
49,363


Additions
-
-
321
338
659



At 29 February 2024

21,860
9,003
5,800
13,359
50,022



Depreciation


At 1 March 2023
9,997
6,571
3,801
11,951
32,320


Charge for the year on owned assets
2,947
1,909
1,178
761
6,795



At 29 February 2024

12,944
8,480
4,979
12,712
39,115



Net book value



At 29 February 2024
8,916
523
821
647
10,907



At 28 February 2023
11,863
2,432
1,678
1,070
17,043

5

 
CJ CLIFTON & BRISTOL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

           4.Tangible fixed assets (continued)




The net book value of land and buildings may be further analysed as follows:


29 February
28 February
2024
2023
£
£

Long leasehold
8,916
11,863



5.


Debtors

29 February
28 February
2024
2023
£
£

Due after more than one year

Other debtors
20,650
20,650


29 February
28 February
2024
2023
£
£

Due within one year

Trade debtors
31,542
6,000

Amounts owed by group undertakings
-
5,738

Other debtors
4,802
8,500

Prepayments and accrued income
8,268
8,286

Deferred taxation
-
20,651

44,612
49,175



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
272
1

Less: bank overdrafts
(14,425)
(12,660)

(14,153)
(12,659)


6

 
CJ CLIFTON & BRISTOL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank overdrafts
14,425
12,660

Trade creditors
15,457
13,160

Amounts owed to group undertakings
203,592
130,412

Other creditors
-
12,000

Accruals and deferred income
24,086
7,273

257,560
175,505



8.


Deferred taxation






29 February
2024
28 February
2023


£

£






At beginning of year
20,651
19,376


Charged to profit or loss
(22,240)
1,275



At end of year
(1,589)
20,651

The deferred taxation balance is made up as follows:

29 February
28 February
2024
2023
£
£


Accelerated capital allowances
(1,589)
(2,415)

Tax losses carried forward
-
23,066

(1,589)
20,651

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100


7

 
CJ CLIFTON & BRISTOL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

9.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £8,417 (2023 - £6,818). Contributions totalling £NIL (2023 - £NIL) were payable to the fund at the balance sheet date and are included in creditors.


10.


Related party transactions

As at the balance sheet date, the company owed £NIL (2023 - £10,000) to the directors. The loans are interest free and repayable on demand.
At the balance sheet date, the company owed £186,190 (2023 - £130,412) to its parent company. The loan is interest free and repayable on demand.
 
8