Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-032024-04-032023-04-05falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC291762 2023-04-05 2024-04-03 SC291762 2022-04-06 2023-04-04 SC291762 2024-04-03 SC291762 2023-04-04 SC291762 c:CompanySecretary1 2023-04-05 2024-04-03 SC291762 c:Director1 2023-04-05 2024-04-03 SC291762 c:Director2 2023-04-05 2024-04-03 SC291762 c:RegisteredOffice 2023-04-05 2024-04-03 SC291762 d:MotorVehicles 2023-04-05 2024-04-03 SC291762 d:MotorVehicles 2024-04-03 SC291762 d:MotorVehicles 2023-04-04 SC291762 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-05 2024-04-03 SC291762 d:ComputerEquipment 2023-04-05 2024-04-03 SC291762 d:ComputerEquipment 2024-04-03 SC291762 d:ComputerEquipment 2023-04-04 SC291762 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-05 2024-04-03 SC291762 d:OwnedOrFreeholdAssets 2023-04-05 2024-04-03 SC291762 d:FreeholdInvestmentProperty 2024-04-03 SC291762 d:FreeholdInvestmentProperty 2023-04-04 SC291762 d:CurrentFinancialInstruments 2024-04-03 SC291762 d:CurrentFinancialInstruments 2023-04-04 SC291762 d:Non-currentFinancialInstruments 2024-04-03 SC291762 d:Non-currentFinancialInstruments 2023-04-04 SC291762 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-03 SC291762 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-04 SC291762 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-03 SC291762 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-04 SC291762 d:ShareCapital 2024-04-03 SC291762 d:ShareCapital 2023-04-04 SC291762 d:RetainedEarningsAccumulatedLosses 2024-04-03 SC291762 d:RetainedEarningsAccumulatedLosses 2023-04-04 SC291762 c:OrdinaryShareClass1 2023-04-05 2024-04-03 SC291762 c:OrdinaryShareClass1 2024-04-03 SC291762 c:OrdinaryShareClass1 2023-04-04 SC291762 c:FRS102 2023-04-05 2024-04-03 SC291762 c:AuditExempt-NoAccountantsReport 2023-04-05 2024-04-03 SC291762 c:FullAccounts 2023-04-05 2024-04-03 SC291762 c:PrivateLimitedCompanyLtd 2023-04-05 2024-04-03 SC291762 e:PoundSterling 2023-04-05 2024-04-03 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC291762










CLARK INVESTMENTS LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 3 APRIL 2024

 
CLARK INVESTMENTS LIMITED
 

COMPANY INFORMATION


Directors
Mrs H C Clark 
Mr W J Clark 




Company secretaries
Mrs H C Clark
Mr W J Clark



Registered number
SC291762



Registered office
1 Mayfield Terrace

Edinburgh

EH9 1RU




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
CLARK INVESTMENTS LIMITED
REGISTERED NUMBER: SC291762

STATEMENT OF FINANCIAL POSITION
AS AT 3 APRIL 2024

3 April
4 April
2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
18,880
26,135

Investment property
 5 
1,100,626
1,100,626

  
1,119,506
1,126,761

Current assets
  

Debtors: amounts falling due within one year
 6 
10,929
1,868

Cash at bank and in hand
  
19,603
27,187

  
30,532
29,055

Creditors: amounts falling due within one year
 7 
(568,336)
(569,552)

Net current liabilities
  
 
 
(537,804)
 
 
(540,497)

Total assets less current liabilities
  
581,702
586,264

Creditors: amounts falling due after more than one year
 8 
(629,694)
(643,272)

  

Net liabilities
  
(47,992)
(57,008)


Capital and reserves
  

Called up share capital 
 9 
20
20

Profit and loss account
  
(48,012)
(57,028)

  
(47,992)
(57,008)


Page 1

 
CLARK INVESTMENTS LIMITED
REGISTERED NUMBER: SC291762

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 3 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 March 2025.




Mrs H C Clark
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CLARK INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 3 APRIL 2024

1.


General information

Clark Investments Limited is a private company, limited by shares, registered in Scotland with the registration number SC291762. The registered office and principal place of business is 1 Mayfield Terrace, Edinburgh, EH9 1RU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

As at 3 April 2024 the Statement of Financial Position shows net liabilities. The company can only continue to operate with the support of the directors, who have confirmed that they will financially support the company for the foreseeable future. Therefore, the company will continue to adopt the the going concern basis for the preparation of the financial statements. 

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

Page 3

 
CLARK INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 3 APRIL 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
CLARK INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 3 APRIL 2024

4.


Tangible fixed assets







Motor vehicles
Equipment
Total

£
£
£



Cost or valuation


At 5 April 2023
43,556
3,392
46,948



At 3 April 2024

43,556
3,392
46,948



Depreciation


At 5 April 2023
19,056
1,757
20,813


Charge for the year on owned assets
6,125
1,130
7,255



At 3 April 2024

25,181
2,887
28,068



Net book value



At 3 April 2024
18,375
505
18,880



At 4 April 2023
24,500
1,635
26,135

Page 5

 
CLARK INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 3 APRIL 2024

5.


Investment property





Freehold investment property

£



Valuation


At 5 April 2023
1,100,626



At 3 April 2024
1,100,626

The 2024 valuations were made by the directors, on an open market value for existing use basis.









6.


Debtors

3 April
4 April
2024
2023
£
£


Other debtors
690
-

Prepayments and accrued income
10,239
1,868

10,929
1,868



7.


Creditors: Amounts falling due within one year

3 April
4 April
2024
2023
£
£

Bank loans
27,296
26,852

Other creditors
533,717
539,200

Accruals and deferred income
7,323
3,500

568,336
569,552


The bank loans are secured by a standard security over the company's properties. 

Page 6

 
CLARK INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 3 APRIL 2024

8.


Creditors: Amounts falling due after more than one year

3 April
4 April
2024
2023
£
£

Bank loans
629,694
643,272

629,694
643,272


The bank loans are secured by a standard security over the company's properties.


9.


Share capital

3 April
4 April
2024
2023
£
£
Allotted, called up and fully paid



20 (2023 - 20) Ordinary shares of £1.00 each
20
20



Page 7