Company Registration No. 02787653 (England and Wales)
40 CLARENDON SQUARE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
Celixir House
Stratford Business & Technology Park
Innovation Way, Banbury Road
Stratford-upon-Avon
Warwickshire
United Kingdom
CV37 7GZ
40 CLARENDON SQUARE LIMITED
CONTENTS
Page
Company information
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 6
40 CLARENDON SQUARE LIMITED
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,726
1,726
Current assets
Debtors
5
9,222
10,672
Cash at bank and in hand
82,166
78,992
91,388
89,664
Creditors: amounts falling due within one year
6
(8,756)
(13,372)
Net current assets
82,632
76,292
Net assets
84,358
78,018
Capital and reserves
Called up share capital
6
5
Capital redemption reserve
1,227
1,227
Restricted non-distributable reserves
54,657
48,318
Unrestricted non-distributable reserves
28,468
28,468
Total equity
84,358
78,018
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
40 CLARENDON SQUARE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024
30 June 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 12 March 2025 and are signed on its behalf by:
Mr R J Egan
Director
Company registration number 02787653 (England and Wales)
40 CLARENDON SQUARE LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
Share capital
Capital redemption reserve
Restricted non-distributable reserves
Unrestricted non-distributable reserves
Total
Notes
£
£
£
£
£
Balance at 1 July 2022
5
1,227
41,395
42,627
Year ended 30 June 2023:
Profit and total comprehensive income
-
-
6,923
28,468
35,391
Balance at 30 June 2023
5
1,227
48,318
28,468
78,018
Year ended 30 June 2024:
Profit and total comprehensive income
-
-
6,339
6,339
Issue of share capital
1
-
-
-
1
Balance at 30 June 2024
6
1,227
54,657
28,468
84,358
40 CLARENDON SQUARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
1
Accounting policies
Company information
40 Clarendon Square Limited is a private company limited by shares incorporated in England and Wales. The registered office is 40 Clarendon Square, Leamington Spa, Warwickshire, England, CV32 5QZ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents monies received by way of maintenance contributions and ground rent paid by the
leaseholders of the property.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives. It has not been charged as the amount is deemed to be it's recoverable value.
Freehold property
not provided
1.4
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible.
40 CLARENDON SQUARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 5 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2
Reserves
The reserves are non-distributable per point 3.17 of the Articles of Association. The restricted reserves are unspent monies collected from maintenance contributions for use in relation to the maintenance and upkeep of the property. The unrestricted reserves arose from other income in the year ended 30 June 2023 which was not from maintenance contributions.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
4
Tangible fixed assets
Freehold property
£
Cost
At 1 July 2023 and 30 June 2024
1,726
Depreciation and impairment
At 1 July 2023 and 30 June 2024
Carrying amount
At 30 June 2024
1,726
At 30 June 2023
1,726
40 CLARENDON SQUARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
9,222
10,672
6
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
6,678
Other creditors
8,756
6,694
8,756
13,372