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REGISTERED NUMBER: 06719634 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

CLAYEWATER HOMES LTD

CLAYEWATER HOMES LTD (REGISTERED NUMBER: 06719634)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


CLAYEWATER HOMES LTD (REGISTERED NUMBER: 06719634)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 168,059 192,064

CURRENT ASSETS
Stocks 927,945 1,063,488
Debtors 5 484,564 201,076
Cash at bank 351,250 1,228,443
1,763,759 2,493,007
CREDITORS
Amounts falling due within one year 6 1,294,101 1,733,665
NET CURRENT ASSETS 469,658 759,342
TOTAL ASSETS LESS CURRENT
LIABILITIES

637,717

951,406

CREDITORS
Amounts falling due after more than one
year

7

(20,951

)

(48,236

)

PROVISIONS FOR LIABILITIES 9 (25,849 ) (30,022 )
NET ASSETS 590,917 873,148

CAPITAL AND RESERVES
Called up share capital 10 2,000 2,000
Fair value reserve 11 (27,767 ) (27,767 )
Retained earnings 11 616,684 898,915
SHAREHOLDERS' FUNDS 590,917 873,148

CLAYEWATER HOMES LTD (REGISTERED NUMBER: 06719634)

BALANCE SHEET - continued
29 FEBRUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 director and authorised for issue on 21 February 2025 and were signed by:





Mr B Webber - Director


CLAYEWATER HOMES LTD (REGISTERED NUMBER: 06719634)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Clayewater Homes Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06719634

Registered office: Grenville House
9 Boutport Street
Barnstaple
Devon
EX31 1TZ

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.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Depreciation
Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows:

Plant and Machinery- 15% on written down value
Motor Vehicles- 25% on written down value
Equipment- 25% on written down value

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.

Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. The company is involved in a number of development projects at the balance sheet date. An element of profit is included in the work in progress valuation in relation to some of these projects.

Operating leasing commitments
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

CLAYEWATER HOMES LTD (REGISTERED NUMBER: 06719634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Equipment Totals
£    £    £    £   
COST
At 1 March 2023 239,619 105,227 7,500 352,346
Additions 1,400 - 6,327 7,727
At 29 February 2024 241,019 105,227 13,827 360,073
DEPRECIATION
At 1 March 2023 101,424 54,631 4,227 160,282
Charge for year 20,939 8,391 2,402 31,732
At 29 February 2024 122,363 63,022 6,629 192,014
NET BOOK VALUE
At 29 February 2024 118,656 42,205 7,198 168,059
At 28 February 2023 138,195 50,596 3,273 192,064

Included within the net book value of £192,064 is £78,775 (2022 - £112,707) relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £13,898 (2022 - £19,890).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,167 15,033
Other debtors 430,392 89,804
VAT 35,504 94,089
Prepayments 3,501 2,150
484,564 201,076

CLAYEWATER HOMES LTD (REGISTERED NUMBER: 06719634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans 22,500 32,500
Hire purchase contracts 14,321 27,303
Trade creditors 1,156,104 1,585,740
Corporation tax 53,590 36,749
Social security and other taxes 32,286 18,765
Other creditors 14,000 31,308
Accruals and deferred income 1,300 1,300
1,294,101 1,733,665

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 20,951 48,236

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 22,500 32,500
Hire purchase contracts 35,272 75,539
57,772 108,039

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 25,849 30,022

Deferred
tax
£   
Balance at 1 March 2023 30,022
Provided during year (4,173 )
Balance at 29 February 2024 25,849

CLAYEWATER HOMES LTD (REGISTERED NUMBER: 06719634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,000 Ordinary shares £1 2,000 2,000

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 March 2023 898,915 (27,767 ) 871,148
Profit for the year 149,086 149,086
Transfer to holding company (431,317 ) - (431,317 )
At 29 February 2024 616,684 (27,767 ) 588,917