IRIS Accounts Production v24.2.0.383 06421594 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064215942023-03-31064215942024-03-31064215942023-04-012024-03-31064215942022-03-31064215942022-04-012023-03-31064215942023-03-3106421594ns15:EnglandWales2023-04-012024-03-3106421594ns14:PoundSterling2023-04-012024-03-3106421594ns10:Director12023-04-012024-03-3106421594ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106421594ns10:SmallEntities2023-04-012024-03-3106421594ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3106421594ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106421594ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106421594ns10:FullAccounts2023-04-012024-03-310642159412023-04-012024-03-3106421594ns10:OrdinaryShareClass12023-04-012024-03-3106421594ns10:Director22023-04-012024-03-3106421594ns10:CompanySecretary12023-04-012024-03-3106421594ns10:RegisteredOffice2023-04-012024-03-3106421594ns5:CurrentFinancialInstruments2024-03-3106421594ns5:CurrentFinancialInstruments2023-03-3106421594ns5:Non-currentFinancialInstruments2024-03-3106421594ns5:Non-currentFinancialInstruments2023-03-3106421594ns5:ShareCapital2024-03-3106421594ns5:ShareCapital2023-03-3106421594ns5:RetainedEarningsAccumulatedLosses2024-03-3106421594ns5:RetainedEarningsAccumulatedLosses2023-03-3106421594ns5:NetGoodwill2023-04-012024-03-3106421594ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3106421594ns5:PlantMachinery2023-04-012024-03-3106421594ns5:NetGoodwill2023-03-3106421594ns5:NetGoodwill2024-03-3106421594ns5:NetGoodwill2023-03-3106421594ns5:LandBuildings2023-03-3106421594ns5:PlantMachinery2023-03-3106421594ns5:LandBuildings2023-04-012024-03-3106421594ns5:LandBuildings2024-03-3106421594ns5:PlantMachinery2024-03-3106421594ns5:LandBuildings2023-03-3106421594ns5:PlantMachinery2023-03-3106421594ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3106421594ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3106421594ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-3106421594ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3106421594ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3106421594ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3106421594ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-03-3106421594ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-03-3106421594ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-03-3106421594ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-03-3106421594ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-03-3106421594ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-03-3106421594ns5:HirePurchaseContracts2024-03-3106421594ns5:HirePurchaseContracts2023-03-3106421594ns5:WithinOneYear2024-03-3106421594ns5:WithinOneYear2023-03-3106421594ns10:OrdinaryShareClass12024-03-31064215941ns10:Director12023-03-31064215941ns10:Director12022-03-31064215941ns10:Director12023-04-012024-03-31064215941ns10:Director12022-04-012023-03-31064215941ns10:Director12024-03-31064215941ns10:Director12023-03-31
REGISTERED NUMBER: 06421594 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

CLEGG PROPERTIES LTD

CLEGG PROPERTIES LTD (REGISTERED NUMBER: 06421594)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 10

CLEGG PROPERTIES LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M C D Clegg
J J Clegg





SECRETARY: M C D Clegg





REGISTERED OFFICE: 27 Westfield Road
Lymington
Hampshire
SO41 3PZ





REGISTERED NUMBER: 06421594 (England and Wales)





ACCOUNTANTS: Maven Accountants Limited
PO Box 1882
Southampton
Hampshire
SO15 9JZ

CLEGG PROPERTIES LTD (REGISTERED NUMBER: 06421594)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 3,721 3,917
Tangible assets 6 4,006 9,917
7,727 13,834

CURRENT ASSETS
Debtors 7 55,151 69,726
Cash at bank 12,071 20,664
67,222 90,390
CREDITORS
Amounts falling due within one year 8 42,192 52,727
NET CURRENT ASSETS 25,030 37,663
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,757

51,497

CREDITORS
Amounts falling due after more than
one year

9

198,080

207,502
NET LIABILITIES (165,323 ) (156,005 )

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings (165,325 ) (156,007 )
SHAREHOLDERS' FUNDS (165,323 ) (156,005 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CLEGG PROPERTIES LTD (REGISTERED NUMBER: 06421594)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





J J Clegg - Director


CLEGG PROPERTIES LTD (REGISTERED NUMBER: 06421594)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Clegg Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the
company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

CLEGG PROPERTIES LTD (REGISTERED NUMBER: 06421594)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on cost

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and
subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and
installation.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

CLEGG PROPERTIES LTD (REGISTERED NUMBER: 06421594)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023 6,083
Charge for year 196
At 31 March 2024 6,279
NET BOOK VALUE
At 31 March 2024 3,721
At 31 March 2023 3,917

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 4,126 35,381 39,507
Additions - 309 309
Disposals - (8,820 ) (8,820 )
At 31 March 2024 4,126 26,870 30,996
DEPRECIATION
At 1 April 2023 4,126 25,464 29,590
Charge for year - 1,259 1,259
Eliminated on disposal - (3,859 ) (3,859 )
At 31 March 2024 4,126 22,864 26,990
NET BOOK VALUE
At 31 March 2024 - 4,006 4,006
At 31 March 2023 - 9,917 9,917

CLEGG PROPERTIES LTD (REGISTERED NUMBER: 06421594)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 8,820
Disposals (8,820 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 3,859
Eliminated on disposal (3,859 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 4,961

7. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 13,681 28,911
Other debtors 41,468 40,813
55,149 69,724

Amounts falling due after more than one year:
Other debtors 2 2

Aggregate amounts 55,151 69,726

CLEGG PROPERTIES LTD (REGISTERED NUMBER: 06421594)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 1,649
Hire purchase contracts (see note 10)
-

1,598
Trade creditors 9,726 15,064
Taxation and social security 24,480 29,266
Other creditors 7,986 5,150
42,192 52,727

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts (see note 10)
-

4,094
Other creditors 198,080 203,408
198,080 207,502

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year - 1,598
Between one and five years - 4,094
- 5,692

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Within one year 18,000 -

11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Share capital 1 1 2 2

CLEGG PROPERTIES LTD (REGISTERED NUMBER: 06421594)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
J J Clegg
Balance outstanding at start of year 203,408 138,396
Amounts advanced 26,799 75,312
Amounts repaid (32,439 ) (10,300 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 197,768 203,408

At the year end, the director, J Clegg, was owed by the company £197,768 (2023:£203,408). This amount is interest free and no formal repayment terms exist therein. The balance is included in "Creditors: Amounts Due within more than 1 year".

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Clegg Properties Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clegg Properties Ltd for the year ended 31 March 2024 which comprise the Income Statement, Other Comprehensive Income, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Clegg Properties Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Clegg Properties Ltd and state those matters that we have agreed to state to the Board of Directors of Clegg Properties Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clegg Properties Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Clegg Properties Ltd 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 Clegg Properties Ltd. You consider that Clegg Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Clegg Properties Ltd. 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.






Maven Accountants Limited
PO Box 1882
Southampton
Hampshire
SO15 9JZ


20 March 2025