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REGISTERED NUMBER: 00684917 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

A. R. CLARKE (BUILDERS) LIMITED

A. R. CLARKE (BUILDERS) LIMITED (REGISTERED NUMBER: 00684917)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A. R. CLARKE (BUILDERS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: J B Wicks





SECRETARY: Mrs T J Drury





REGISTERED OFFICE: Forest Road
Gosfield Airfield
Gosfield
Halstead
Essex
CO9 1SA





REGISTERED NUMBER: 00684917 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

A. R. CLARKE (BUILDERS) LIMITED (REGISTERED NUMBER: 00684917)

BALANCE SHEET
30 APRIL 2024

30.4.23 30.4.24
£    £    Notes £    £   
FIXED ASSETS
194,732 Tangible assets 4 89,892
7,650,000 Investment property 5 7,800,000
7,844,732 7,889,892

CURRENT ASSETS
3,103,387 Stocks 6 3,893,871
106,504 Debtors 7 46,364
1,228,176 Cash at bank and in hand 417,531
4,438,067 4,357,766
CREDITORS
1,014,109 Amounts falling due within one year 8 927,377
3,423,958 NET CURRENT ASSETS 3,430,389
11,268,690 TOTAL ASSETS LESS CURRENT
LIABILITIES

11,320,281

746,277 PROVISIONS FOR LIABILITIES 994,009
10,522,413 NET ASSETS 10,326,272

CAPITAL AND RESERVES
500,000 Called up share capital 9 500,000
100,000 Freehold property revaluation reserve 10 -
2,549,329 Fair value reserve 10 2,292,357
7,373,084 Retained earnings 10 7,533,915
10,522,413 SHAREHOLDERS' FUNDS 10,326,272

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

A. R. CLARKE (BUILDERS) LIMITED (REGISTERED NUMBER: 00684917)

BALANCE SHEET - continued
30 APRIL 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 27 January 2025 and were signed by:





J B Wicks - Director


A. R. CLARKE (BUILDERS) LIMITED (REGISTERED NUMBER: 00684917)

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

1. STATUTORY INFORMATION

A. R. Clarke (Builders) 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.

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 the value of work completed during the year, by reference to invoiced sales and the movement between opening and closing work in progress and trade debtor balances.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance and 15% on reducing balance

During the year the company's freehold property was reclassified as investment property.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.


A. R. CLARKE (BUILDERS) LIMITED (REGISTERED NUMBER: 00684917)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
Totals property machinery vehicles equipment
£    £    £    £    £   
COST OR VALUATION
At 1 May 2023 490,537 254,130 92,507 135,129 8,771
Additions 74,348 - 24,353 49,995 -
Disposals (291,218 ) (254,130 ) (2,606 ) (33,600 ) (882 )
At 30 April 2024 273,667 - 114,254 151,524 7,889
DEPRECIATION
At 1 May 2023 295,805 102,248 75,478 113,116 4,963
Charge for year 24,114 - 6,081 17,530 503
Eliminated on disposal (136,144 ) (102,248 ) (1,766 ) (31,708 ) (422 )
At 30 April 2024 183,775 - 79,793 98,938 5,044
NET BOOK VALUE
At 30 April 2024 89,892 - 34,461 52,586 2,845
At 30 April 2023 194,732 151,882 17,029 22,013 3,808

Cost or valuation at 30 April 2024 is represented by:

Plant and Motor Computer
Totals machinery vehicles equipment
£    £    £    £   
Cost 273,667 114,254 151,524 7,889

A. R. CLARKE (BUILDERS) LIMITED (REGISTERED NUMBER: 00684917)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 7,650,000
Additions 41,310
Revaluations 108,690
At 30 April 2024 7,800,000
NET BOOK VALUE
At 30 April 2024 7,800,000
At 30 April 2023 7,650,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2015 1,731,627
Valuation in 2016 444,447
Valuation in 2017 (76,079 )
Valuation in 2018 90,000
Valuation in 2019 87,295
Valuation in 2020 422,534
Valuation in 2021 (75,015 )
Valuation in 2022 660,408
Valuation in 2023 587,881
Valuation in 2024 108,690
Cost 3,818,212
7,800,000

If Investment property had not been revalued it would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 3,818,212 3,776,902

Investment property was valued on an open market basis on 30 April 2024 by Mr J B Wicks, director .

6. STOCKS
30.4.24 30.4.23
£    £   
Work-in-progress 3,893,871 3,103,387

A. R. CLARKE (BUILDERS) LIMITED (REGISTERED NUMBER: 00684917)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 2,094 1,504
Other debtors 44,270 105,000
46,364 106,504

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 48,284 63,749
Taxation and social security 4,894 108,643
Other creditors 874,199 841,717
927,377 1,014,109

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
500,000 Ordinary £1 500,000 500,000

10. RESERVES

Included within reserves is a fair value reserve, which has been created through the process of revaluing the investment property held to its open market value each year. The reserve is also adjusted annually for any movements in deferred tax.

In accordance with FRS102, the fair value reserve is a 'non-distributable' reserve and is separately disclosed in the balance sheet.