Company registration number 00721026 (England and Wales)
CLEMENT-HARRIS (DEVELOPMENTS) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
CLEMENT-HARRIS (DEVELOPMENTS) LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 6
CLEMENT-HARRIS (DEVELOPMENTS) LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CLEMENT-HARRIS (DEVELOPMENTS) LIMITED FOR THE YEAR ENDED 31 AUGUST 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clement-Harris (Developments) Limited for the year ended 31 August 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Clement-Harris (Developments) Limited, as a body, in accordance with the terms of our engagement letter dated 7 March 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Clement-Harris (Developments) Limited and state those matters that we have agreed to state to the board of directors of Clement-Harris (Developments) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clement-Harris (Developments) Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Clement-Harris (Developments) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Clement-Harris (Developments) Limited. You consider that Clement-Harris (Developments) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Clement-Harris (Developments) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Carpenter Box
16 January 2025
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1RL
CLEMENT-HARRIS (DEVELOPMENTS) LIMITED
BALANCE SHEET
AS AT 31 AUGUST 2024
31 August 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
3,797,008
3,797,008
Current assets
Debtors
4
39,377
57,589
Cash at bank and in hand
210,304
152,816
249,681
210,405
Creditors: amounts falling due within one year
5
(202,168)
(197,897)
Net current assets
47,513
12,508
Total assets less current liabilities
3,844,521
3,809,516
Creditors: amounts falling due after more than one year
6
(229,712)
(255,427)
Provisions for liabilities
(450,226)
(450,226)
Net assets
3,164,583
3,103,863
Capital and reserves
Called up share capital
7
100
100
Non-distributable profits reserve
8
1,540,417
1,540,417
Distributable profit and loss reserves
1,624,066
1,563,346
Total equity
3,164,583
3,103,863

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

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

CLEMENT-HARRIS (DEVELOPMENTS) LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024
31 August 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 16 January 2025 and are signed on its behalf by:
Mrs S  Harris
Director
Company registration number 00721026 (England and Wales)
CLEMENT-HARRIS (DEVELOPMENTS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
1
Accounting policies
Company information

Clement-Harris (Developments) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Amelia House, Crescent Road, Worthing, West Sussex, BN11 1RL.

1.1
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, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have considered relevant information, including the company’s principal risks and uncertainties and the impact of subsequent events in making their assessment. Based on these assessments and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and financial statements.true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rent.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
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.

Basic financial assets

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

CLEMENT-HARRIS (DEVELOPMENTS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

2
Employees

The average monthly number of persons employed by the company during the year was 3 (2023 - 3).

3
Investment property
2024
£
Fair value
At 1 September 2023 and 31 August 2024
3,797,008

The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

CLEMENT-HARRIS (DEVELOPMENTS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 6 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
13,252
21,734
Other debtors
26,125
35,855
39,377
57,589
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
25,716
24,109
Taxation and social security
24,670
28,783
Other creditors
151,782
145,005
202,168
197,897

Bank loan secured against the assets of the business.

6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
229,712
255,427

Bank loan secured against the assets of the business.

7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Non-distributable profits reserve
2024
2023
£
£
At the beginning of the year
1,540,417
1,514,060
Non distributable profits in the year
-
26,357
At the end of the year
1,540,417
1,540,417
2024-08-312023-09-01false16 January 2025CCH SoftwareCCH Accounts Production 2024.200No description of principal activityMrs S HarrisMr J C HarrisMrs S HarrisMrs S  Harrisfalsefalse007210262023-09-012024-08-31007210262024-08-31007210262023-08-3100721026core:CurrentFinancialInstrumentscore:WithinOneYear2024-08-3100721026core:CurrentFinancialInstrumentscore:WithinOneYear2023-08-3100721026core:Non-currentFinancialInstrumentscore:AfterOneYear2024-08-3100721026core:Non-currentFinancialInstrumentscore:AfterOneYear2023-08-3100721026core:CurrentFinancialInstruments2024-08-3100721026core:CurrentFinancialInstruments2023-08-3100721026core:ShareCapital2024-08-3100721026core:ShareCapital2023-08-3100721026core:FurtherSpecificReserve1ComponentTotalEquity2024-08-3100721026core:FurtherSpecificReserve1ComponentTotalEquity2023-08-3100721026core:RetainedEarningsAccumulatedLosses2024-08-3100721026core:RetainedEarningsAccumulatedLosses2023-08-3100721026bus:CompanySecretaryDirector12023-09-012024-08-31007210262022-09-012023-08-31007210262023-08-3100721026core:WithinOneYear2024-08-3100721026core:WithinOneYear2023-08-3100721026core:Non-currentFinancialInstruments2024-08-3100721026core:Non-currentFinancialInstruments2023-08-3100721026bus:PrivateLimitedCompanyLtd2023-09-012024-08-3100721026bus:SmallCompaniesRegimeForAccounts2023-09-012024-08-3100721026bus:FRS1022023-09-012024-08-3100721026bus:AuditExemptWithAccountantsReport2023-09-012024-08-3100721026bus:Director12023-09-012024-08-3100721026bus:Director22023-09-012024-08-3100721026bus:Director32023-09-012024-08-3100721026bus:CompanySecretary12023-09-012024-08-3100721026bus:FullAccounts2023-09-012024-08-31xbrli:purexbrli:sharesiso4217:GBP