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REGISTERED NUMBER: 01545497 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

CLOCKLAND LIMITED

CLOCKLAND LIMITED (REGISTERED NUMBER: 01545497)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLOCKLAND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr D W Brookes





REGISTERED OFFICE: 2-6 Manor Square
Solihull
West Midlands
B91 3PX





REGISTERED NUMBER: 01545497 (England and Wales)





ACCOUNTANTS: Askews Chartered Certified Accountants
5 The Quadrant
Coventry
West Midlands
CV1 2EL

CLOCKLAND LIMITED (REGISTERED NUMBER: 01545497)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 550,000 550,000
550,000 550,000

CURRENT ASSETS
Debtors 6 - 7,200
Cash at bank 418,897 406,557
418,897 413,757
CREDITORS
Amounts falling due within one year 7 22,073 17,708
NET CURRENT ASSETS 396,824 396,049
TOTAL ASSETS LESS CURRENT
LIABILITIES

946,824

946,049

PROVISIONS FOR LIABILITIES 40,885 40,885
NET ASSETS 905,939 905,164

CAPITAL AND RESERVES
Called up share capital 2 2
Other reserves 428,586 428,586
Retained earnings 477,351 476,576
SHAREHOLDERS' FUNDS 905,939 905,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

CLOCKLAND LIMITED (REGISTERED NUMBER: 01545497)

BALANCE SHEET - continued
31 JULY 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 director and authorised for issue on 30 September 2024 and were signed by:





Mr D W Brookes - Director


CLOCKLAND LIMITED (REGISTERED NUMBER: 01545497)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Clockland 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.
Plant and machinery - 25% Straight line

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CLOCKLAND LIMITED (REGISTERED NUMBER: 01545497)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 August 2022
and 31 July 2023 27,265
DEPRECIATION
At 1 August 2022
and 31 July 2023 27,265
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 550,000
NET BOOK VALUE
At 31 July 2023 550,000
At 31 July 2022 550,000

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2022 550,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 7,200

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 1,362 972
VAT - 1,200
Directors' current accounts 13,222 8,129
Accrued expenses 7,489 7,407
22,073 17,708

CLOCKLAND LIMITED (REGISTERED NUMBER: 01545497)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D W Brookes.