1 April 2023 false No description of principal activity Taxfiler 2024.5 02023079business:PrivateLimitedCompanyLtd2023-04-012024-03-31 020230792023-03-31 020230792023-04-012024-03-31 02023079business:AuditExemptWithAccountantsReport2023-04-012024-03-31 02023079business:FilletedAccounts2023-04-012024-03-31 020230792024-03-31 02023079business:Director12023-04-012024-03-31 02023079business:Director22023-04-012024-03-31 02023079business:RegisteredOffice2023-04-012024-03-31 020230792023-03-31 02023079core:WithinOneYear2024-03-31 02023079core:WithinOneYear2023-03-31 02023079core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 02023079core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 02023079core:RevaluationReservecore:PreviouslyStatedAmount2024-03-31 02023079core:RevaluationReservecore:PreviouslyStatedAmount2023-03-31 02023079core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 02023079core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 02023079core:PreviouslyStatedAmount2024-03-31 02023079core:PreviouslyStatedAmount2023-03-31 02023079business:SmallEntities2023-04-012024-03-31 02023079countries:EnglandWales2023-04-012024-03-31 02023079core:LandBuildings2023-04-012024-03-31 02023079core:LandBuildings2023-03-31 02023079core:ComputerEquipment2023-03-31 02023079core:LandBuildings2024-03-31 02023079core:ComputerEquipment2024-03-31 02023079core:ComputerEquipment2023-04-012024-03-31 02023079business:OrdinaryShareClass12023-04-012024-03-31 02023079business:OrdinaryShareClass12022-04-012023-03-31 020230792022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 02023079 (England and Wales)
ANDY CLARK (DEVELOPMENTS) LIMITED Unaudited accounts for the year ended 31 March 2024
ANDY CLARK (DEVELOPMENTS) LIMITED Unaudited accounts Contents
Page
- 2 -
ANDY CLARK (DEVELOPMENTS) LIMITED Company Information for the year ended 31 March 2024
Directors
Mr A P Clark Ms O L Clark
Company Number
02023079 (England and Wales)
Registered Office
5 HILLS LANE NORTHWOOD MIDDLESEX HA6 2QL
Accountants
Dempsey & Co The Downshire 71 Baldwins Lane Croxley Green Rickmansworth Herts WD3 3LT
- 3 -
ANDY CLARK (DEVELOPMENTS) LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,591,340 
3,591,441 
Investment property
254,000 
254,000 
3,845,340 
3,845,441 
Current assets
Cash at bank and in hand
75,640 
97,979 
Creditors: amounts falling due within one year
(195,122)
(256,274)
Net current liabilities
(119,482)
(158,295)
Net assets
3,725,858 
3,687,146 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
1,970,623 
1,970,623 
Profit and loss account
1,755,135 
1,716,423 
Shareholders' funds
3,725,858 
3,687,146 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by
Mr A P Clark Director Company Registration No. 02023079
- 4 -
ANDY CLARK (DEVELOPMENTS) LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
ANDY CLARK (DEVELOPMENTS) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02023079. The registered office is 5 HILLS LANE, NORTHWOOD, MIDDLESEX, HA6 2QL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1% straight line
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
- 5 -
ANDY CLARK (DEVELOPMENTS) LIMITED Notes to the Accounts for the year ended 31 March 2024
Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Sundry Expenses
Sundry Expenses represent debt written off by subsidiary as follows: On 1st April 2019 the Andy Clark (Northwood) Limited decided to formally release to its subsidiary Andy Clark (Developments) Limited from its debt.
4
Tangible fixed assets
Land & buildings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
3,591,037 
1,076 
3,592,113 
At 31 March 2024
3,591,037 
1,076 
3,592,113 
Depreciation
At 1 April 2023
- 
672 
672 
Charge for the year
- 
101 
101 
At 31 March 2024
- 
773 
773 
Net book value
At 31 March 2024
3,591,037 
303 
3,591,340 
At 31 March 2023
3,591,037 
404 
3,591,441 
Value of land in freehold land and buildings £65,760.
5
Investment property
2024 
£ 
Fair value at 1 April 2023
254,000 
At 31 March 2024
254,000 
Carrying amount of investment properties on cost basis £163,350.
- 6 -
ANDY CLARK (DEVELOPMENTS) LIMITED Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
21,694 
19,547 
Loans from directors
172,428 
235,727 
Accruals
1,000 
1,000 
195,122 
256,274 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 7 -