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REGISTERED NUMBER: 04452367 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

CLIFTON (1) LTD

CLIFTON (1) LTD (REGISTERED NUMBER: 04452367)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLIFTON (1) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr L R Gillbe





SECRETARY: Mrs J B M Smith





REGISTERED OFFICE: 178-180 Hotwell Road
Bristol
BS8 4RP





REGISTERED NUMBER: 04452367 (England and Wales)





ACCOUNTANTS: Lawes & Co
Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU

CLIFTON (1) LTD (REGISTERED NUMBER: 04452367)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 120,003 115,610

CURRENT ASSETS
Cash at bank 10 10

CREDITORS
Amounts falling due within one year 5 6,380 5,840
NET CURRENT LIABILITIES (6,370 ) (5,830 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,633

109,780

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 113,533 109,680
SHAREHOLDERS' FUNDS 113,633 109,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

CLIFTON (1) LTD (REGISTERED NUMBER: 04452367)

BALANCE SHEET - continued
31 MAY 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 February 2025 and were signed by:





Mr L R Gillbe - Director


CLIFTON (1) LTD (REGISTERED NUMBER: 04452367)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Clifton (1) Ltd 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.

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 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.

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).

CLIFTON (1) LTD (REGISTERED NUMBER: 04452367)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 June 2023 115,610
Revaluations 4,393
At 31 May 2024 120,003
NET BOOK VALUE
At 31 May 2024 120,003
At 31 May 2023 115,610

Cost or valuation at 31 May 2024 is represented by:
£   
Valuation in 2016 7,050
Valuation in 2017 14,100
Valuation in 2018 (4,230 )
Valuation in 2019 (5,247 )
Valuation in 2020 (15,913 )
Valuation in 2024 4,393
Cost 119,850
120,003

A professional valuation of the land held by the company under 'Investment Property' has not been carried out. However, the director has valued the land at the year end based on the average price per acre of farmland in the area. The director considers this a fair estimate of the land value as at 31 May 2024.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other creditors 6,380 5,840

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

CLIFTON (1) LTD (REGISTERED NUMBER: 04452367)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. RELATED PARTY DISCLOSURES

At the year end, the company owed £2,730 (2023: £2,730) to Gillbe Limited, a company in which I S Gillbe, the brother of L R Gillbe, is a director and shareholder.

The company owed £2,520 (2023: £2,520) to Corb Farms Limited, a company in which I S Gillbe is a director and shareholder.

The company also owed £590 (2023: £50) directly to I S Gillbe at the year end.

8. ULTIMATE CONTROLLING PARTY

The company was under the control of its sole shareholder, The E-Med International Pension Trust.