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REGISTERED NUMBER: 10508092 (England and Wales)




















Financial Statements

for the Year Ended 31 December 2023

for

CLOCK FACE LUXURY PROPERTIES LIMITED

CLOCK FACE LUXURY PROPERTIES LIMITED (REGISTERED NUMBER: 10508092)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLOCK FACE LUXURY PROPERTIES LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S A Rudich
R R Selvakumaran





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
London
TW12 2AL





REGISTERED NUMBER: 10508092 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

CLOCK FACE LUXURY PROPERTIES LIMITED (REGISTERED NUMBER: 10508092)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,094 330,300
Investment property 5 445,000 -
453,094 330,300

CURRENT ASSETS
Debtors 6 535 125
Cash at bank 27,357 30,260
27,892 30,385
CREDITORS
Amounts falling due within one year 7 (62,300 ) (329,128 )
NET CURRENT LIABILITIES (34,408 ) (298,743 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

418,686

31,557

CREDITORS
Amounts falling due after more than one
year

8

(275,303

)

-

PROVISIONS FOR LIABILITIES (24,494 ) -
NET ASSETS 118,889 31,557

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 118,887 31,555
SHAREHOLDERS' FUNDS 118,889 31,557

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

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.

CLOCK FACE LUXURY PROPERTIES LIMITED (REGISTERED NUMBER: 10508092)

Balance Sheet - continued
31 December 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 December 2024 and were signed on its behalf by:





R R Selvakumaran - Director


CLOCK FACE LUXURY PROPERTIES LIMITED (REGISTERED NUMBER: 10508092)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Clock Face Luxury Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 5% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

CLOCK FACE LUXURY PROPERTIES LIMITED (REGISTERED NUMBER: 10508092)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2023 320,568 4,208 16,083 340,859
Disposals (320,568 ) - - (320,568 )
At 31 December 2023 - 4,208 16,083 20,291
DEPRECIATION
At 1 January 2023 - 1,123 9,436 10,559
Charge for year - 309 1,329 1,638
At 31 December 2023 - 1,432 10,765 12,197
NET BOOK VALUE
At 31 December 2023 - 2,776 5,318 8,094
At 31 December 2022 320,568 3,085 6,647 330,300

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 320,568
Revaluations 124,432
At 31 December 2023 445,000
NET BOOK VALUE
At 31 December 2023 445,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 124,432
Cost 320,568
445,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 535 125

CLOCK FACE LUXURY PROPERTIES LIMITED (REGISTERED NUMBER: 10508092)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 264,286
Trade creditors - 1,927
Taxation and social security - 3,628
Other creditors 62,300 59,287
62,300 329,128

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 275,303 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 Ordinary 1 2 2

10. RESERVES

The reserves include £97,091 which is the net of tax revaluation of Investment Property. This gain is not distributable.