IRIS Accounts Production v24.3.0.553 04460273 director 1.7.23 30.6.24 30.6.24 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044602732023-06-30044602732024-06-30044602732023-07-012024-06-30044602732022-06-30044602732022-07-012023-06-30044602732023-06-3004460273ns15:EnglandWales2023-07-012024-06-3004460273ns14:PoundSterling2023-07-012024-06-3004460273ns10:Director12023-07-012024-06-3004460273ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3004460273ns10:SmallEntities2023-07-012024-06-3004460273ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3004460273ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3004460273ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3004460273ns10:FullAccounts2023-07-012024-06-3004460273ns10:OrdinaryShareClass12023-07-012024-06-3004460273ns10:CompanySecretary12023-07-012024-06-3004460273ns10:RegisteredOffice2023-07-012024-06-3004460273ns5:CurrentFinancialInstruments2024-06-3004460273ns5:CurrentFinancialInstruments2023-06-3004460273ns5:Non-currentFinancialInstruments2024-06-3004460273ns5:Non-currentFinancialInstruments2023-06-3004460273ns5:ShareCapital2024-06-3004460273ns5:ShareCapital2023-06-3004460273ns5:RevaluationReserve2024-06-3004460273ns5:RevaluationReserve2023-06-3004460273ns5:RetainedEarningsAccumulatedLosses2024-06-3004460273ns5:RetainedEarningsAccumulatedLosses2023-06-3004460273ns5:FurnitureFittings2023-07-012024-06-3004460273ns5:FurnitureFittings2023-06-3004460273ns5:FurnitureFittings2024-06-3004460273ns5:FurnitureFittings2023-06-3004460273ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3004460273ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3004460273ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-06-3004460273ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-06-3004460273ns10:OrdinaryShareClass12024-06-3004460273ns5:RetainedEarningsAccumulatedLosses2023-06-3004460273ns5:RevaluationReserve2023-06-3004460273ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-30
REGISTERED NUMBER: 04460273 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

CLAREMOUNT PROPERTIES LTD

CLAREMOUNT PROPERTIES LTD (REGISTERED NUMBER: 04460273)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CLAREMOUNT PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: A Berger





SECRETARY: Mrs R Berger





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 04460273 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

CLAREMOUNT PROPERTIES LTD (REGISTERED NUMBER: 04460273)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 142 167
Investment property 5 3,874,133 3,875,102
3,874,275 3,875,269

CURRENT ASSETS
Debtors 6 562 875
Cash at bank 18,829 26,596
19,391 27,471
CREDITORS
Amounts falling due within one year 7 (323,903 ) (330,795 )
NET CURRENT LIABILITIES (304,512 ) (303,324 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,569,763

3,571,945

CREDITORS
Amounts falling due after more than one
year

8

(2,498,354

)

(2,514,708

)
NET ASSETS 1,071,409 1,057,237

CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 680,509 680,509
Retained earnings 10 390,899 376,727
SHAREHOLDERS' FUNDS 1,071,409 1,057,237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CLAREMOUNT PROPERTIES LTD (REGISTERED NUMBER: 04460273)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2024


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 director and authorised for issue on 16 January 2025 and were signed by:





A Berger - Director


CLAREMOUNT PROPERTIES LTD (REGISTERED NUMBER: 04460273)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Claremount Properties Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2023 - NIL).

CLAREMOUNT PROPERTIES LTD (REGISTERED NUMBER: 04460273)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023
and 30 June 2024 2,154
DEPRECIATION
At 1 July 2023 1,987
Charge for year 25
At 30 June 2024 2,012
NET BOOK VALUE
At 30 June 2024 142
At 30 June 2023 167

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 3,875,102
Reclassification/transfer (969 )
At 30 June 2024 3,874,133
NET BOOK VALUE
At 30 June 2024 3,874,133
At 30 June 2023 3,875,102

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2017 680,509
Valuation in 2018 1,169,491
Valuation in 2020 465,676
Valuation in 2021 275,495
Valuation in 2022 221,954
Valuation in 2023 1,061,977
Valuation in 2024 (969 )
3,874,133

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors - 313
Other debtors 562 562
562 875

CLAREMOUNT PROPERTIES LTD (REGISTERED NUMBER: 04460273)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 1,711 9,322
Other creditors 322,192 321,473
323,903 330,795

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 2,498,354 2,514,708

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loan 1,928,762 1,928,679

Repayable by instalments
Bank loans more 5 yr by instal 560,616 573,072

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 July 2023 376,727 680,509 1,057,236
Profit for the year 14,172 14,172
At 30 June 2024 390,899 680,509 1,071,408

11. ULTIMATE CONTROLLING PARTY

The controlling party is A Berger.