Company registration number 02977663 (England and Wales)
CLEVELAND LAND LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
CLEVELAND LAND LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
CLEVELAND LAND LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
1,257,217
1,311,209
Current assets
Stocks
15,375
15,375
Debtors
4
533
280
Cash at bank and in hand
26,539
27,895
42,447
43,550
Creditors: amounts falling due within one year
5
(3,174)
(3,143)
Net current assets
39,273
40,407
Net assets
1,296,490
1,351,616
Capital and reserves
Called up share capital
200,000
200,000
Profit and loss reserves
1,096,490
1,151,616
Total equity
1,296,490
1,351,616

For the financial year ended 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 of its financial statements for the year in question in accordance with section 476.

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.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 26 November 2024
Mr ACP Wharton
Director
Company registration number 02977663 (England and Wales)
CLEVELAND LAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

Cleveland Land Limited is a private company limited by shares incorporated in England and Wales (Company number 02977663). The registered office is Estate Office, Skelton, Saltburn by the Sea, Cleveland, TS12 2ES.

1.1
Reporting period

The financial statements cover the 12 month period from 1 April 2023 to 31 March 2024 so are not completely comparable with the comparatives which cover the 8 month period from 1 August 2022 to 31 March 2023..

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

1.4
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.5
Stocks

Stocks are stated at the lower of cost and net realisable value.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks. Bank overdrafts are shown within current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

CLEVELAND LAND LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Fixed asset investments
Investments in subsidiaries
£
Cost or valuation
At 1 April 2023
1,311,209
Valuation changes
(53,992)
At 31 March 2024
1,257,217
Carrying amount
At 31 March 2024
1,257,217
At 31 March 2023
1,311,209
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
533
280
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
3,174
3,143
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