Company registration number 06455339 (England and Wales)
CLARENCE HOMES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
CLARENCE HOMES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
CLARENCE HOMES LIMITED (REGISTERED NUMBER: 06455339)
BALANCE SHEET
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
26
35
Current assets
Debtors
4
234,877
209,174
Cash at bank and in hand
4,657
11,703
239,534
220,877
Creditors: amounts falling due within one year
5
(204,707)
(180,506)
Net current assets
34,827
40,371
Total assets less current liabilities
34,853
40,406
Creditors: amounts falling due after more than one year
6
(30,893)
(36,581)
Provisions for liabilities
(7)
(9)
Net assets
3,953
3,816
Capital and reserves
Called up share capital
1,500
1,500
Profit and loss reserves
2,453
2,316
Total equity
3,953
3,816
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 30 June 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.
CLARENCE HOMES LIMITED (REGISTERED NUMBER: 06455339)
BALANCE SHEET (CONTINUED)
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 14 January 2025 and are signed on its behalf by:
Mr J R Lench
Director
CLARENCE HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information
Clarence Homes Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Swan Street, West Malling, Kent, ME19 6JU.
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 £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet 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. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover represents management charges received from associated companies.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
CLARENCE HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
4
4
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 July 2023 and 30 June 2024
1,700
Depreciation and impairment
At 1 July 2023
1,665
Depreciation charged in the year
9
At 30 June 2024
1,674
Carrying amount
At 30 June 2024
26
At 30 June 2023
35
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
234,877
209,174
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
5,688
5,534
Trade creditors
3,322
Taxation and social security
152,248
154,155
Other creditors
46,771
17,495
204,707
180,506
CLARENCE HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
30,893
36,581
7
Directors' transactions
As at the balance sheet date there was an overdrawn directors' loan account of £234,877 (2023 - £209,174) including interest charged of £5,000 (2023 - £4,338), this is included within other debtors. This has been paid within 9 months of the year end.