Company Registration No. 08415011 (England and Wales)
L Clinton Property Management Company Ltd
Unaudited accounts
for the period from 1 March 2023 to 28 February 2024
L Clinton Property Management Company Ltd
Unaudited accounts
Contents
L Clinton Property Management Company Ltd
Company Information
for the period from 1 March 2023 to 28 February 2024
Company Number
08415011 (England and Wales)
Registered Office
The Stables
Norrels Drive
East Horsley
Surrey
KT24 5DR
Accountants
Mark Symonds
4 Nightingale Crescent
West Horsley
Leatherhead
Surrey
KT24 6PD
L Clinton Property Management Company Ltd
Statement of financial position
as at 28 February 2024
Tangible assets
618,905
619,228
Cash at bank and in hand
5,141
10,070
Creditors: amounts falling due within one year
(2,246)
(2,524)
Net current assets
2,895
7,546
Total assets less current liabilities
621,800
626,774
Creditors: amounts falling due after more than one year
(581,391)
(591,568)
Called up share capital
100
100
Profit and loss account
40,309
35,106
Shareholders' funds
40,409
35,206
For the period ending 28 February 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 director acknowledges his 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 and authorised for issue on 20 November 2024 and were signed on its behalf by
Mrs E M Clinton
Director
Company Registration No. 08415011
L Clinton Property Management Company Ltd
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
L Clinton Property Management Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 08415011. The registered office is The Stables, Norrels Drive, East Horsley, Surrey, KT24 5DR.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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
Not provided
Fixtures & fittings
25% on reducing balance
Computer equipment
33% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
L Clinton Property Management Company Ltd
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
618,905
2,853
1,799
623,557
At 28 February 2024
618,905
2,853
1,799
623,557
At 1 March 2023
-
2,530
1,799
4,329
Charge for the period
-
323
-
323
At 28 February 2024
-
2,853
1,799
4,652
At 28 February 2024
618,905
-
-
618,905
At 28 February 2023
618,905
323
-
619,228
The freehold investment property is included at cost of purchase plus directly attributable expenditure. After enquiry, the director considers that fair value remains materially equivalant to the cost plus directly attributable expenditure and therefore no further adjustment to fair valiue is required.
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,296
1,574
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
559,830
559,830
Loans from directors
21,561
31,738
8
Average number of employees
During the period the average number of employees was 0 (2023: 0).