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REGISTERED NUMBER: 14823582 (England and Wales)















Financial Statements for the Period 24 April 2023 to 31 March 2024

for

Clarendon Drive Properties Ltd

Clarendon Drive Properties Ltd (Registered number: 14823582)






Contents of the Financial Statements
for the Period 24 April 2023 to 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Clarendon Drive Properties Ltd

Company Information
for the Period 24 April 2023 to 31 March 2024







DIRECTORS: Mr D M Cox
Miss V A Cox





REGISTERED OFFICE: 19 Queen Elizabeth Street
London
SE1 2LP





REGISTERED NUMBER: 14823582 (England and Wales)





ACCOUNTANTS: Gibsons Financial Limited
Chartered Accountants
Foresters Hall
25/27 Westow Street
Upper Norwood
London
SE19 3RY

Clarendon Drive Properties Ltd (Registered number: 14823582)

Abridged Balance Sheet
31 March 2024

Notes £
CURRENT ASSETS
Stocks 9,000,685
Debtors 83,408
9,084,093
CREDITORS
Amounts falling due within one year (9,086,362 )
NET CURRENT LIABILITIES (2,269 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,269

)

CAPITAL AND RESERVES
Called up share capital 6 100
Retained earnings 7 (2,369 )
SHAREHOLDERS' FUNDS (2,269 )

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

Clarendon Drive Properties Ltd (Registered number: 14823582)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 March 2025 and were signed on its behalf by:





Miss V A Cox - Director


Clarendon Drive Properties Ltd (Registered number: 14823582)

Notes to the Financial Statements
for the Period 24 April 2023 to 31 March 2024

1. STATUTORY INFORMATION

Clarendon Drive 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of these financial statements requires the directors to note judgements and estimates that affect the reported amount of assets and liabilities at the balance sheet date and the reported profits for the financial year.

Accounting standards require the directors to state the carrying amount of land under construction at the lower of cost and net realisable value. Determing the net realisable value involves estimating the eventual sales proceeds and additional costs to complete of sites under development which may differ from the actual sales proceeds received and the actual total additional costs incurred to complete the development.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Stocks
Stocks, comprising land held for development, and work in progress is valued at the lower of cost and net realisable value. Cost includes an appropriate proportion of overheads.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors, trade and other creditors, loans from banks and other third parties.

Debt instruments, other than those wholly repayable or receivable within one year, including loans and other amounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Debt instruments which are payable or receivable within one year are measured at the undiscounted amount of the cash consideration expected to be paid or received.

Clarendon Drive Properties Ltd (Registered number: 14823582)

Notes to the Financial Statements - continued
for the Period 24 April 2023 to 31 March 2024

2. ACCOUNTING POLICIES - continued

Borrowing costs
Finance costs are charged to the Statement of Income and Retained Earnings 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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. LOANS

An analysis of the maturity of loans is given below:

£
Amounts falling due within one year or on demand:
Bank loans 5,952,605

5. SECURED DEBTS

The following secured debts are included within creditors:

£
Bank loans 5,952,605

The company's bank borrowings are secured over its development projects.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £
100 Ordinary £1 100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

Attached to the shares are a right to vote in general meetings, a right to receive dividends if declared by the company and a right to participate in distributions of capital, including on winding up.

7. RESERVES
Retained
earnings
£

Deficit for the period (2,369 )
At 31 March 2024 (2,369 )

Clarendon Drive Properties Ltd (Registered number: 14823582)

Notes to the Financial Statements - continued
for the Period 24 April 2023 to 31 March 2024

8. POST BALANCE SHEET EVENTS

On 4 February 2025 the company's entire issued share capital was acquired by QES Developments Limited, incorporated in England.

9. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party during the period under review was Octagon Group Limited, incorporated in England.