Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31As at 31 January 2024 a balance of £85,842 (2023: £29,254) was owed to the director. The loan is repayable on demand and is included within other creditors in note 6 to the financial statements. Interest was charged on overdrawn balances in the year at the official rate of interest 2.25%, which totalled £586 in the year.2023-02-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11764345 2023-02-01 2024-01-31 11764345 2022-02-01 2023-01-31 11764345 2024-01-31 11764345 2023-01-31 11764345 c:Director1 2023-02-01 2024-01-31 11764345 d:FurnitureFittings 2023-02-01 2024-01-31 11764345 d:FurnitureFittings 2024-01-31 11764345 d:FurnitureFittings 2023-01-31 11764345 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 11764345 d:CurrentFinancialInstruments 2024-01-31 11764345 d:CurrentFinancialInstruments 2023-01-31 11764345 d:Non-currentFinancialInstruments 2024-01-31 11764345 d:Non-currentFinancialInstruments 2023-01-31 11764345 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 11764345 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 11764345 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 11764345 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 11764345 d:ShareCapital 2024-01-31 11764345 d:ShareCapital 2023-01-31 11764345 d:RetainedEarningsAccumulatedLosses 2024-01-31 11764345 d:RetainedEarningsAccumulatedLosses 2023-01-31 11764345 c:FRS102 2023-02-01 2024-01-31 11764345 c:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 11764345 c:FullAccounts 2023-02-01 2024-01-31 11764345 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11764345 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-02-01 2024-01-31 11764345 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-01-31 11764345 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-01-31 11764345 2 2023-02-01 2024-01-31 11764345 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 11764345










CLARK PROJECTS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
CLARK PROJECTS LTD
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 8


 
CLARK PROJECTS LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CLARK PROJECTS LTD
FOR THE YEAR ENDED 31 JANUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clark Projects Ltd for the year ended 31 January 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Clark Projects Ltd in accordance with the terms of our engagement letter dated 28 January 2019Our work has been undertaken solely to prepare for your approval the financial statements of Clark Projects Ltd and state those matters that we have agreed to state to the director of Clark Projects Ltd in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clark Projects Ltd and its director for our work or for this report. 

It is your duty to ensure that Clark Projects Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Clark Projects Ltd. You consider that Clark Projects Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Clark Projects Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
30 October 2024
Page 1

 
CLARK PROJECTS LTD
REGISTERED NUMBER: 11764345

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
124
165

Current assets
  

Stocks
  
192,109
-

Debtors: amounts falling due within one year
 5 
1,056
-

Cash at bank and in hand
  
28,578
117,126

  
221,743
117,126

Creditors: amounts falling due within one year
 6 
(164,362)
(44,619)

Net current assets
  
 
 
57,381
 
 
72,507

Total assets less current liabilities
  
57,505
72,672

Creditors: amounts falling due after more than one year
 7 
(38,359)
(38,982)

  

Net assets
  
19,146
33,690


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
19,046
33,590

  
19,146
33,690


Page 2

 
CLARK PROJECTS LTD
REGISTERED NUMBER: 11764345
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The director considers 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 director acknowledges his 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 October 2024.




M Clark
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
CLARK PROJECTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Clark Projects Ltd is a United Kingdom company limited by shares. It is both incorporated and domiciled in England and Wales. The address of its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ.
The Company's principal activity is that of property development. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

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

Page 4

 
CLARK PROJECTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

Taxation

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 current income 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.


 
2.7

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:

Fixtures and fittings
-
25%
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.

 
2.8

Stocks

Stock comprise development property in the course of construction and is stated at the lower of cost
and net realisable value, being the estimated selling price less costs to complete and sell.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
CLARK PROJECTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.11

Creditors

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

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 February 2023
165



At 31 January 2024

165



Depreciation


Charge for the year on owned assets
41



At 31 January 2024

41



Net book value



At 31 January 2024
124



At 31 January 2023
165

Page 6

 
CLARK PROJECTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£


Other debtors
1,056
-

1,056
-



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,000
5,000

Other loans
70,933
-

Corporation tax
-
7,804

Other creditors
85,843
29,254

Accruals and deferred income
2,586
2,561

164,362
44,619


The other loan is secured by way of a full title guarantee on the property to which the loan relates.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
38,359
38,982

38,359
38,982


The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2024
2023
£
£


Repayable by instalments
18,359
18,982

18,359
18,982



Page 7

 
CLARK PROJECTS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Related party transactions

As at 31 January 2024 a balance of £85,842 (2023: £29,254) was owed to the director. The loan is repayable on demand and is included within other creditors in note 6 to the financial statements. 

Interest was charged on overdrawn balances in the year at the official rate of interest 2.25%, which totalled £586 in the year.

 
Page 8