REGISTERED NUMBER: |
Clayson Country Homes Limited |
Financial Statements for the Year Ended 31st July 2024 |
REGISTERED NUMBER: |
Clayson Country Homes Limited |
Financial Statements for the Year Ended 31st July 2024 |
Clayson Country Homes Limited (Registered number: 02088033) |
Contents of the Financial Statements |
for the Year Ended 31st July 2024 |
Page |
Company information | 1 |
Abridged balance sheet | 2 |
Notes to the financial statements | 4 |
Clayson Country Homes Limited |
Company Information |
for the Year Ended 31st July 2024 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
Chartered Accountant |
Lewis & Son Accountants Limited |
37 Stoke Road |
Blisworth |
Northampton |
NN7 3BZ |
Clayson Country Homes Limited (Registered number: 02088033) |
Abridged Balance Sheet |
31st July 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 3 |
Investments | 4 |
Current assets |
Stocks and work in progress |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
( |
) |
( |
) |
Provisions for liabilities | ( |
) |
Net assets |
Capital and reserves |
Called up share capital |
Retained earnings |
The directors acknowledge their 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. |
Clayson Country Homes Limited (Registered number: 02088033) |
Abridged Balance Sheet - continued |
31st July 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Clayson Country Homes Limited (Registered number: 02088033) |
Notes to the Financial Statements |
for the Year Ended 31st July 2024 |
1. | Accounting policies |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Clayson Country Homes Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Revenue recognition |
Sales are recognised upon exchange of contracts for sale of the property providing the property is largely finished and completion occurs within a reasonable time thereafter. |
Tangible fixed assets |
Improvements to property | - |
Plant and machinery | - |
Office Equipment | - |
Motor vehicles | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Stock and work in progress |
1. Land and property held for development |
Land and property held for development represents land and properties on which development has not yet commenced and is stated at the lower of cost or net realisable value. Cost includes legal fees and survey expenses. |
2. Work in progress |
Work in progress is stated at the lower of cost or net realisable value. Cost includes the direct cost of land, labour, material and site overheads. Attributable profit on long term contracts is recognised once the outcome can be assessed with reasonable accuracy. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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. |
Clayson Country Homes Limited (Registered number: 02088033) |
Notes to the Financial Statements - continued |
for the Year Ended 31st July 2024 |
1. | Accounting policies - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between the contributions payable and the contributions actually paid in the year are shown as either accruals or prepayments at the year end. |
Amounts to be billed to customers |
Services provided to customers which at the balance sheet date have not been billed to customers, have been recognised as turnover. Turnover recognised in this manner is based on an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement. Provision is made against unbilled amounts on those engagements where the right to receive payment is contingent on factors outside the control of the company. Unbilled revenue is included in debtors. |
2. | Employees and directors |
The average number of employees during the year was |
3. | Tangible fixed assets |
Totals |
£ |
Cost |
At 1st August 2023 |
Additions |
At 31st July 2024 |
Depreciation |
At 1st August 2023 |
Charge for year |
At 31st July 2024 |
Net book value |
At 31st July 2024 |
At 31st July 2023 |
Clayson Country Homes Limited (Registered number: 02088033) |
Notes to the Financial Statements - continued |
for the Year Ended 31st July 2024 |
4. | Fixed asset investments |
Information on investments other than loans is as follows: |
Totals |
£ |
Cost |
At 1st August 2023 |
and 31st July 2024 | 250 |
Net book value |
At 31st July 2024 | 250 |
At 31st July 2023 | 250 |
5. | Debtors: amounts falling due after more than one year |
2024 | 2023 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
6. | Secured debts |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Bank loans |
Pension fund loan |
Hire purchase contracts | 42,310 | 37,341 |
7. | Related party disclosures |
Included in other debtors is an amount of £2,290,464 (2023 - £2,117,232), due from Clayson Property Limited, a company controlled by Colin Clayson. This amount is interest free and has no fixed repayment date. |
Other debtors also include an amount due from James Clayson Property Ltd of £649,828 (2023 - £98,654), a company owned by James Clayson. The loan is interest free and with no fixed repayment date. |
The company has taken out loans from the Clayson Retirement Benefit Scheme that total £2,255,025 (2023 - £2,246,558) |