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REGISTERED NUMBER: 03299558 (England and Wales)















CLARKE PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2024






CLARKE PROPERTIES LIMITED (REGISTERED NUMBER: 03299558)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


CLARKE PROPERTIES LIMITED (REGISTERED NUMBER: 03299558)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,521,303 5,522,400

CURRENT ASSETS
Debtors 5 81,684 69,991
Cash at bank 20,940 97,832
102,624 167,823
CREDITORS
Amounts falling due within one year 6 1,352,632 1,378,743
NET CURRENT LIABILITIES (1,250,008 ) (1,210,920 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,271,295

4,311,480

CREDITORS
Amounts falling due after more than one
year

7

(1,186,726

)

(1,297,288

)

PROVISIONS FOR LIABILITIES (23,871 ) (24,079 )
NET ASSETS 3,060,698 2,990,113

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 9 974,868 974,868
Retained earnings 2,084,830 2,014,245
SHAREHOLDERS' FUNDS 3,060,698 2,990,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

CLARKE PROPERTIES LIMITED (REGISTERED NUMBER: 03299558)

BALANCE SHEET - continued
30 JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





Mrs H L Smith - Director


CLARKE PROPERTIES LIMITED (REGISTERED NUMBER: 03299558)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Clarke Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03299558

Registered office: Eagle House
Bilton Way
Lutterworth
Leicestershire
LE17 4HJ

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


CLARKE PROPERTIES LIMITED (REGISTERED NUMBER: 03299558)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 5,518,250 27,208 5,545,458
DEPRECIATION
At 1 July 2023 - 23,058 23,058
Charge for year - 1,097 1,097
At 30 June 2024 - 24,155 24,155
NET BOOK VALUE
At 30 June 2024 5,518,250 3,053 5,521,303
At 30 June 2023 5,518,250 4,150 5,522,400

CLARKE PROPERTIES LIMITED (REGISTERED NUMBER: 03299558)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 43,483 44,723
Other debtors 27,221 14,288
70,704 59,011

Amounts falling due after more than one year:
Other debtors 10,980 10,980

Aggregate amounts 81,684 69,991

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 112,250 145,855
Trade creditors 28,408 17,559
Taxation and social security 54,666 38,380
Other creditors 1,157,308 1,176,949
1,352,632 1,378,743

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 1,156,000 1,266,562
Other creditors 30,726 30,726
1,186,726 1,297,288

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,267,600 1,373,601

The bank loan is secured by a fixed and floating charge over the assets of the company.

CLARKE PROPERTIES LIMITED (REGISTERED NUMBER: 03299558)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. RESERVES
Fair
value
reserve
£   
At 1 July 2023
and 30 June 2024 974,868