Registered number
09615882
Clarendon Equity Limited
Unaudited Filleted Accounts
31 May 2024
Ward Divecha Limited
29 Welbeck Street
London
W1G 8DA
Clarendon Equity Limited
Registered number: 09615882
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 311,961 311,961
Current assets
Debtors 4 229,755 234,555
Cash at bank and in hand 1,279 2,083
231,034 236,638
Creditors: amounts falling due within one year 5 (19,389) (23,199)
Net current assets 211,645 213,439
Total assets less current liabilities 523,606 525,400
Creditors: amounts falling due after more than one year 6 (181,667) (182,778)
Net assets 341,939 342,622
Capital and reserves
Called up share capital 333,022 333,022
Share premium 109,156 109,156
Profit and loss account (100,239) (99,556)
Shareholders' funds 341,939 342,622
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Julian D Collins
Director
Approved by the board on 18 February 2025
Clarendon Equity Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Preparation of consolidated financial statements
The financial statements contain information about Clarendon Equity Limited as an individual company and do not contain consolidated financial information as the parent of the group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 June 2023 233,981 77,980 311,961
At 31 May 2024 233,981 77,980 311,961
Historical cost
At 1 June 2023 233,981 77,980
At 31 May 2024 233,981 77,980
Capital and Profit (loss)
Company Shares held reserves for the year
Class % £ £
Linksfield Estate Limited Ordinary 100 108,040 (1,118)
Smallholdings UK Limited Ordinary 100 (16,530) (835)
4 Debtors 2024 2023
£ £
Trade debtors 500 500
Amounts owed by group undertakings 229,255 234,055
229,755 234,555
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other loans 10,000 10,000
Other creditors 9,389 13,199
19,389 23,199
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bounce back loan 6,667 7,778
Unsecured loans 175,000 175,000
181,667 182,778
Interest on the unsecured loan will accrue at the rate of 6% and bounce back loan at the rate of 2.5%.
7 Related party transactions
As at 31st May 2024, following balances are owed by the related companies.
2024 2023
£ £
Linksfield Estate Limited 121,608 122,208
Smallholdings UK Limited 107,647 111,847
8 Other information
Clarendon Equity Limited is a private company limited by shares and incorporated in England. Its registered office is:
29 Welbeck street
London
W1G 8DA
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