Registered number
10959184
CLAREMONT LAND & NEW HOMES (STOURBRIDGE) LIMITED
Filleted Accounts
31 March 2024
CLAREMONT LAND & NEW HOMES (STOURBRIDGE) LIMITED
Registered number: 10959184
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 96,000 96,000
Investments 4 200 200
96,200 96,200
Current assets
Debtors 5 369,337 363,736
Cash at bank and in hand 241 10,380
369,578 374,116
Creditors: amounts falling due within one year 6 (21,423) (17,538)
Net current assets 348,155 356,578
Total assets less current liabilities 444,355 452,778
Creditors: amounts falling due after more than one year 7 (255,537) (262,992)
Net assets 188,818 189,786
Capital and reserves
Called up share capital 100 100
Profit and loss account 188,718 189,686
Shareholders' funds 188,818 189,786
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Manjit Singh Deol
Director
Approved by the board on 2 December 2024
CLAREMONT LAND & NEW HOMES (STOURBRIDGE) LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 96,000
At 31 March 2024 96,000
Depreciation
At 31 March 2024 -
Net book value
At 31 March 2024 96,000
At 31 March 2023 96,000
4 Investments
Other
investments
£
Cost
At 1 April 2023 200
At 31 March 2024 200
5 Debtors 2024 2023
£ £
Trade debtors 16,011 469
Other debtors 353,326 363,267
369,337 363,736
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,967 10,007
Trade creditors 11,656 8,152
Taxation and social security costs (200) (622)
Other creditors - 1
21,423 17,538
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 251,713 261,668
Other creditors 3,824 1,324
255,537 262,992
8 Other information
CLAREMONT LAND & NEW HOMES (STOURBRIDGE) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
18-21 Summer Hill Terrace
Birmingham
England
B1 3RA
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