Silverfin false false 31/10/2024 01/11/2023 31/10/2024 Mr M G Capps 07/06/2001 Mr D E Sykes 07/06/2001 Mr A E Ware 07/06/2001 05 February 2025 The principal activity of the Company during the financial year was commercial property investment. 04222752 2024-10-31 04222752 bus:Director1 2024-10-31 04222752 bus:Director2 2024-10-31 04222752 bus:Director3 2024-10-31 04222752 2023-10-31 04222752 core:CurrentFinancialInstruments 2024-10-31 04222752 core:CurrentFinancialInstruments 2023-10-31 04222752 core:Non-currentFinancialInstruments 2024-10-31 04222752 core:Non-currentFinancialInstruments 2023-10-31 04222752 core:ShareCapital 2024-10-31 04222752 core:ShareCapital 2023-10-31 04222752 core:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31 04222752 core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 04222752 core:CapitalRedemptionReserve 2024-10-31 04222752 core:CapitalRedemptionReserve 2023-10-31 04222752 core:RetainedEarningsAccumulatedLosses 2024-10-31 04222752 core:RetainedEarningsAccumulatedLosses 2023-10-31 04222752 core:Vehicles 2023-10-31 04222752 core:FurnitureFittings 2023-10-31 04222752 core:OtherPropertyPlantEquipment 2023-10-31 04222752 core:Vehicles 2024-10-31 04222752 core:FurnitureFittings 2024-10-31 04222752 core:OtherPropertyPlantEquipment 2024-10-31 04222752 core:CurrentFinancialInstruments core:Secured 2024-10-31 04222752 core:CurrentFinancialInstruments 1 2024-10-31 04222752 core:CurrentFinancialInstruments 1 2023-10-31 04222752 bus:OrdinaryShareClass1 2024-10-31 04222752 bus:OrdinaryShareClass2 2024-10-31 04222752 bus:OrdinaryShareClass3 2024-10-31 04222752 bus:OrdinaryShareClass4 2024-10-31 04222752 bus:OrdinaryShareClass5 2024-10-31 04222752 bus:OtherShareClass1 2024-10-31 04222752 2023-11-01 2024-10-31 04222752 bus:FilletedAccounts 2023-11-01 2024-10-31 04222752 bus:SmallEntities 2023-11-01 2024-10-31 04222752 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 04222752 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04222752 bus:Director1 2023-11-01 2024-10-31 04222752 bus:Director2 2023-11-01 2024-10-31 04222752 bus:Director3 2023-11-01 2024-10-31 04222752 core:Vehicles 2023-11-01 2024-10-31 04222752 core:FurnitureFittings 2023-11-01 2024-10-31 04222752 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-11-01 2024-10-31 04222752 2022-11-01 2023-10-31 04222752 core:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 04222752 core:CurrentFinancialInstruments 2023-11-01 2024-10-31 04222752 core:Non-currentFinancialInstruments 2023-11-01 2024-10-31 04222752 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 04222752 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 04222752 bus:OrdinaryShareClass2 2023-11-01 2024-10-31 04222752 bus:OrdinaryShareClass2 2022-11-01 2023-10-31 04222752 bus:OrdinaryShareClass3 2023-11-01 2024-10-31 04222752 bus:OrdinaryShareClass3 2022-11-01 2023-10-31 04222752 bus:OrdinaryShareClass4 2023-11-01 2024-10-31 04222752 bus:OrdinaryShareClass4 2022-11-01 2023-10-31 04222752 bus:OrdinaryShareClass5 2023-11-01 2024-10-31 04222752 bus:OrdinaryShareClass5 2022-11-01 2023-10-31 04222752 bus:OtherShareClass1 2023-11-01 2024-10-31 04222752 bus:OtherShareClass1 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04222752 (England and Wales)

CLAYBROOK LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

CLAYBROOK LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

CLAYBROOK LIMITED

BALANCE SHEET

As at 31 October 2024
CLAYBROOK LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 140,904 155,802
Investment property 4 8,119,000 8,216,000
8,259,904 8,371,802
Current assets
Debtors 5 37,761 59,036
Cash at bank and in hand 128,371 184,761
166,132 243,797
Creditors: amounts falling due within one year 6 ( 454,010) ( 442,415)
Net current liabilities (287,878) (198,618)
Total assets less current liabilities 7,972,026 8,173,184
Creditors: amounts falling due after more than one year 7 ( 467,338) ( 647,479)
Provision for liabilities ( 1,114,314) ( 1,103,093)
Net assets 6,390,374 6,422,612
Capital and reserves
Called-up share capital 8 3,000 3,000
Fair value reserve 4,125,406 4,198,156
Capital redemption reserve 2,000 2,000
Profit and loss account 2,259,968 2,219,456
Total shareholders' funds 6,390,374 6,422,612

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Claybrook Limited (registered number: 04222752) were approved and authorised for issue by the Board of Directors on 05 February 2025. They were signed on its behalf by:

Mr D E Sykes
Director
CLAYBROOK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
CLAYBROOK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Claybrook Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Strode Business Centre, Strode Road Plympton, Plymouth, PL7 4JN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line and reducing balance basis over its expected useful life, as follows:

Vehicles 20 % reducing balance
Fixtures and fittings 15 % reducing balance
Other property, plant and equipment 25 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at X.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 5

3. Tangible assets

Vehicles Fixtures and fittings Other property, plant
and equipment
Total
£ £ £ £
Cost
At 01 November 2023 31,235 35,719 220,562 287,516
Additions 0 1,393 0 1,393
Disposals 0 ( 15,090) 0 ( 15,090)
At 31 October 2024 31,235 22,022 220,562 273,819
Accumulated depreciation
At 01 November 2023 15,243 28,250 88,221 131,714
Charge for the financial year 3,198 3,308 8,822 15,328
Disposals 0 ( 14,127) 0 ( 14,127)
At 31 October 2024 18,441 17,431 97,043 132,915
Net book value
At 31 October 2024 12,794 4,591 123,519 140,904
At 31 October 2023 15,992 7,469 132,341 155,802

4. Investment property

Investment property
£
Valuation
As at 01 November 2023 8,216,000
Fair value movement (97,000)
As at 31 October 2024 8,119,000

Valuation

The directors have considered the valuation of the investment properties as at 31 October 2024 and they believe the value correctly reflects the current market value of each property.

5. Debtors

2024 2023
£ £
Trade debtors 11,450 40,322
Other debtors 26,311 18,714
37,761 59,036

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured) 179,595 164,028
Trade creditors 9,890 5,494
Amounts owed to connected companies 2,090 2,862
Taxation and social security 120,479 138,775
Other creditors 141,956 131,256
454,010 442,415

The bank loans are secured against the investment properties owned by the company.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 467,338 647,479

The bank loans are secured against the investment properties owned by the company.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
501 Ordinary A shares of £ 1.00 each 501 501
501 Ordinary B shares of £ 1.00 each 501 501
501 Ordinary C shares of £ 1.00 each 501 501
499 Ordinary D shares of £ 1.00 each 499 499
499 Ordinary E shares of £ 1.00 each 499 499
499 Ordinary F shares of £ 1.00 each 499 499
3,000 3,000