Caseware UK (AP4) 2024.0.164 2024.0.164 truefalse2023-07-01No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.99truefalse 00449104 2023-07-01 2024-06-30 00449104 2022-07-01 2023-06-30 00449104 2024-06-30 00449104 2023-06-30 00449104 c:Director1 2023-07-01 2024-06-30 00449104 d:Buildings 2023-07-01 2024-06-30 00449104 d:Buildings 2024-06-30 00449104 d:Buildings 2023-06-30 00449104 d:Buildings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00449104 d:Buildings d:LongLeaseholdAssets 2023-07-01 2024-06-30 00449104 d:Buildings d:LongLeaseholdAssets 2024-06-30 00449104 d:Buildings d:LongLeaseholdAssets 2023-06-30 00449104 d:Buildings d:ShortLeaseholdAssets 2023-07-01 2024-06-30 00449104 d:Buildings d:ShortLeaseholdAssets 2024-06-30 00449104 d:Buildings d:ShortLeaseholdAssets 2023-06-30 00449104 d:PlantMachinery 2023-07-01 2024-06-30 00449104 d:PlantMachinery 2024-06-30 00449104 d:PlantMachinery 2023-06-30 00449104 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00449104 d:MotorVehicles 2023-07-01 2024-06-30 00449104 d:MotorVehicles 2024-06-30 00449104 d:MotorVehicles 2023-06-30 00449104 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00449104 d:OfficeEquipment 2023-07-01 2024-06-30 00449104 d:OfficeEquipment 2024-06-30 00449104 d:OfficeEquipment 2023-06-30 00449104 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00449104 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 00449104 d:CurrentFinancialInstruments 2024-06-30 00449104 d:CurrentFinancialInstruments 2023-06-30 00449104 d:Non-currentFinancialInstruments 2024-06-30 00449104 d:Non-currentFinancialInstruments 2023-06-30 00449104 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 00449104 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 00449104 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 00449104 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 00449104 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 00449104 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 00449104 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-06-30 00449104 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-06-30 00449104 d:ShareCapital 2024-06-30 00449104 d:ShareCapital 2023-06-30 00449104 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 00449104 d:RetainedEarningsAccumulatedLosses 2024-06-30 00449104 d:RetainedEarningsAccumulatedLosses 2023-06-30 00449104 c:OrdinaryShareClass1 2023-07-01 2024-06-30 00449104 c:OrdinaryShareClass1 2024-06-30 00449104 c:OrdinaryShareClass1 2023-06-30 00449104 c:FRS102 2023-07-01 2024-06-30 00449104 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 00449104 c:FullAccounts 2023-07-01 2024-06-30 00449104 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 00449104 6 2023-07-01 2024-06-30 00449104 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-06-30 00449104 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-06-30 00449104 d:LeasedAssetsHeldAsLessee 2024-06-30 00449104 d:LeasedAssetsHeldAsLessee 2023-06-30 00449104 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00449104










A A Clifton Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 30 June 2024





 
A A Clifton Limited
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of A A Clifton Limited for the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A A Clifton Limited for the year ended 30 June 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of A A Clifton Limited, as a body, in accordance with the terms of our engagement letter dated 12 March 2024Our work has been undertaken solely to prepare for your approval the financial statements of A A Clifton Limited and state those matters that we have agreed to state to the Board of Directors of A A Clifton Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A A Clifton Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that A A Clifton Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of A A Clifton Limited. You consider that A A Clifton Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of A A Clifton Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Canterbury
12 March 2025
Page 1

 
A A Clifton Limited
Registered number: 00449104

Balance Sheet
As at 30 June 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,939,565
2,049,400

Investments
 5 
157
132

  
1,939,722
2,049,532

Current assets
  

Stocks
  
1,062,388
1,373,429

Debtors: amounts falling due within one year
 6 
574,312
405,230

Bank & cash balances
  
521
732

  
1,637,221
1,779,391

Creditors: amounts falling due within one year
 7 
(1,567,148)
(1,418,013)

Net current assets
  
 
 
70,073
 
 
361,378

Total assets less current liabilities
  
2,009,795
2,410,910

Creditors: amounts falling due after more than one year
 8 
(3,430,387)
(3,770,011)

  

Net liabilities
  
(1,420,592)
(1,359,101)


Capital and reserves
  

Called up share capital 
 10 
10,000
10,000

Profit and loss account
 11 
(1,430,592)
(1,369,101)

  
(1,420,592)
(1,359,101)


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.
 
Page 2

 
A A Clifton Limited
Registered number: 00449104

Balance Sheet (continued)
As at 30 June 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 March 2025.




S A Clifton-Holt
Director

The notes on pages 4 to 12 form part of these financial statements.

Page 3

 
A A Clifton Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 June 2024

1.


General information

A A Clifton Limited is a private company limited by shares which was incorporated in the UK and registered in England. Company number 00449104. The principal activity during the year was that of farming.
The company's registered office is Haguelands Burmarsh Road, Burmarsh, Romney Marsh, Kent, TN29 0JR.
The financial statements have been presented in Sterling (£).

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

The financial statements have been prepared on a going concern basis with the continuance of trading dependent on the support of the company's directors.

 
2.3

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the Statement of comprehensive income.

 
2.4

Turnover

Turnover comprises of revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Government grants

Government grants comprise the Basic Payment Scheme. The payment has been recognised on an accruals basis.

Page 4

 
A A Clifton Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 June 2024

2.Accounting policies (continued)

 
2.7

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.

 
2.8

Borrowing costs

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

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.11

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.

Page 5

 
A A Clifton Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 June 2024

2.Accounting policies (continued)


2.11
Tangible fixed assets (continued)

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Freehold property
-
2% straight line and not provided
Tenanted improvements to property
-
10% reducing balance
Solar panels
-
10% straight line
Plant & machinery
-
15% - 25% reducing balance
Motor vehicles
-
25% reducing balance
Office equipment
-
25% reducing balance

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.

 
2.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.13

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.15

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 6

 
A A Clifton Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 June 2024

2.Accounting policies (continued)

 
2.16

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.17

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 9).

Page 7
 


 
A A Clifton Limited


 

 
Notes to the Financial Statements
For the Year Ended 30 June 2024


4.


Tangible fixed assets






Freehold property
L/Term Leasehold Property
S/Term Leasehold Property
Plant & machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£
£
£



Cost or valuation


At 1 July 2023
381,568
2,807,784
78,404
2,913,696
42,501
47,611
6,271,564


Additions
-
36,411
-
191,316
21,569
1,424
250,720


Disposals
-
-
-
(90,200)
-
-
(90,200)



At 30 June 2024

381,568
2,844,195
78,404
3,014,812
64,070
49,035
6,432,084



Depreciation


At 1 July 2023
248,037
2,262,013
75,629
1,574,106
19,618
42,761
4,222,164


Charge for the year on owned assets
7,632
56,730
2,775
217,657
7,588
1,302
293,684


Disposals
-
-
-
(23,329)
-
-
(23,329)



At 30 June 2024

255,669
2,318,743
78,404
1,768,434
27,206
44,063
4,492,519



Net book value



At 30 June 2024
125,899
525,452
-
1,246,378
36,864
4,972
1,939,565



At 30 June 2023
133,531
545,771
2,775
1,339,590
22,883
4,850
2,049,400

Page 8
 
A A Clifton Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 June 2024

           4.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
633,412
939,835

633,412
939,835


5.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 July 2023
132


Additions
25



At 30 June 2024
157





6.


Debtors

2024
2023
£
£


Trade debtors
187,797
102,596

Other debtors
47,432
31,507

Prepayments and accrued income
339,083
271,127

574,312
405,230


Page 9

 
A A Clifton Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 June 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
731,391
558,402

Bank loans
139,507
135,479

Trade creditors
203,625
142,759

Other taxation and social security
15,772
21,253

Obligations under finance lease and hire purchase contracts
190,162
286,224

Other creditors
109,909
110,998

Accruals and deferred income
176,782
162,898

1,567,148
1,418,013


The following liabilities were secured:

2024
2023
£
£



Bank overdrafts
731,391
558,402

Bank loans
139,507
135,479

870,898
693,881

Details of security provided:

The company's bank facilities are secured on various parcels of the company's freehold land.


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
3,180,888
3,320,349

Net obligations under finance leases and hire purchase contracts
219,499
409,662

Other creditors
30,000
40,000

3,430,387
3,770,011


The following liabilities were secured:

2024
2023
£
£



Bank loans
3,180,888
3,320,349

3,180,888
3,320,349

Details of security provided:

The company's bank facilities are secured on various parcels of the company's freehold land.

Page 10

 
A A Clifton Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 June 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
139,507
135,479


139,507
135,479


Amounts falling due 2-5 years

Bank loans
3,100,738
3,083,373


3,100,738
3,083,373

Amounts falling due after more than 5 years

Bank loans
80,150
236,976

80,150
236,976

3,320,395
3,455,828



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,000 (2023 - 10,000) Ordinary shares of £1.00 each
10,000
10,000



11.


Reserves

Profit & loss account

This reserve comprises all current and prior period retained profits and losses after deducting any distributions made to the company’s shareholders.

Page 11

 
A A Clifton Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 June 2024

12.


Related party transactions

During the period to the balance sheet date, the following transactions have taken place:
i) Rent was paid for land farmed by the company but owned by; Mrs S A Clifton-Holt £28,543 (30 June 2023: £28,543) and Mr R G Clifton-Holt £20,000 (30 June 2023: £20,000). Both Mrs S A Clifton-Holt and Mr R G Clifton-Holt are directors of the company.
ii) During the year, the company farmed land which was owned by the children of R G and Mrs S A Clifton-Holt being Mrs J Cliftonholt-Levitt (daughter), Mr A G Clifton-Holt (son) and Mr T G Clifton-Holt (son).  Rents totalling £21,633 were due. (30 June 2023: £21,633).  Mr A G Clifton-Holt and Mr T G Clifton-Holt are directors of the company. No rent was outstanding at the year end.
iii) At the year end, there are balances on the directors' current accounts; owed to Mrs S A Clifton-Holt £40,252 (30 June 2023: £49,301) and owed to Mr R G Clifton-Holt £219 (30 June 2023: £162), Mr T C Clifton-Holt £50 (30 June 2023: £nil).
iv) Mrs S A Clifton-Holt also runs a farming sole trade, there was an amount owed from this enterprise at the year end totalling £60,656 (30 June 2023: £33,398).


13.


Controlling party

The ultimate controlling party is Mrs S A Clifton-Holt by virtue of her majority shareholding.


Page 12