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REGISTERED NUMBER: 12549570 (England and Wales)






















Clark Accommodation Limited

Unaudited Financial Statements for the Year Ended 30th September 2024






Clark Accommodation Limited (Registered number: 12549570)






Contents of the Financial Statements
for the year ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clark Accommodation Limited

Company Information
for the year ended 30th September 2024







DIRECTORS: Mrs E J Clark
D G Clark





REGISTERED OFFICE: 237 Boulevard
Hull
HU3 3EQ





REGISTERED NUMBER: 12549570 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Clark Accommodation Limited (Registered number: 12549570)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 13,184 17,701
Investment property 6 4,327,500 4,327,500
4,340,685 4,345,202

CURRENT ASSETS
Debtors 7 16,882 12,492
Cash at bank 2,652 2,427
19,534 14,919
CREDITORS
Amounts falling due within one year 8 1,704,978 185,583
NET CURRENT LIABILITIES (1,685,444 ) (170,664 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,655,241

4,174,538

CREDITORS
Amounts falling due after more than one
year

9

(64,000

)

(1,582,279

)

PROVISIONS FOR LIABILITIES (270,325 ) (271,454 )
NET ASSETS 2,320,916 2,320,805

CAPITAL AND RESERVES
Called up share capital 11 100 100
Share premium 1,519,287 1,519,287
Fair value reserve 12 801,087 801,087
Retained earnings 442 331
SHAREHOLDERS' FUNDS 2,320,916 2,320,805

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

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

The directors acknowledge their 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.

Clark Accommodation Limited (Registered number: 12549570)

Balance Sheet - continued
30th September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th January 2025 and were signed on its behalf by:




D G Clark - Director



Mrs E J Clark - Director


Clark Accommodation Limited (Registered number: 12549570)

Notes to the Financial Statements
for the year ended 30th September 2024

1. STATUTORY INFORMATION

Clark Accommodation 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.

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 rental income receivable from freehold investment properties which is accounted for on an accruals basis.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance and 25% on cost

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 Profit and Loss Account, 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.

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).

Clark Accommodation Limited (Registered number: 12549570)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2023
and 30th September 2024 1
NET BOOK VALUE
At 30th September 2024 1
At 30th September 2023 1

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2023
and 30th September 2024 28,517
DEPRECIATION
At 1st October 2023 10,816
Charge for year 4,517
At 30th September 2024 15,333
NET BOOK VALUE
At 30th September 2024 13,184
At 30th September 2023 17,701

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2023
and 30th September 2024 4,327,500
NET BOOK VALUE
At 30th September 2024 4,327,500
At 30th September 2023 4,327,500

Fair value at 30th September 2024 is represented by:
£   
Valuation in 2023 1,068,116
Cost 3,259,384
4,327,500

Investment property was valued on an open market basis on 30th September 2024 by the directors .

Clark Accommodation Limited (Registered number: 12549570)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,850 3,750
Other debtors 10,032 8,742
16,882 12,492

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,650,406 134,786
Hire purchase contracts 2,442 7,140
Trade creditors 12,159 7,653
Taxation and social security 10,221 13,422
Other creditors 29,750 22,582
1,704,978 185,583

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 64,000 1,579,837
Hire purchase contracts - 2,442
64,000 1,582,279

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,691,337 1,691,337
Hire purchase contracts 2,442 9,582
1,693,779 1,700,919

Bank loans are secured by way of legal charges over the companies assets.

Hire purchase contacts are secured on the related asset.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 A shares £1 50 50
50 B Shares £1 50 50
100 100

Clark Accommodation Limited (Registered number: 12549570)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

12. RESERVES
Fair
value
reserve
£   
At 1st October 2023
and 30th September 2024 801,087

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th September 2024 and 30th September 2023:

2024 2023
£    £   
D G Clark and Mrs E J Clark
Balance outstanding at start of year 8,603 31,061
Amounts advanced 53,151 55,674
Amounts repaid (52,254 ) (78,132 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,500 8,603

The balance due is repayable on demand and interest is charged at HM Revenue & Customs official rates.