Registered number
12743371
Cliveden Property Management Limited
Unaudited Filleted Accounts
30 June 2024
Cliveden Property Management Limited
Registered number: 12743371
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 43,290 47,720
Investments 4 350,000 350,000
393,290 397,720
Current assets
Debtors 5 200,413 177,453
Cash at bank and in hand 351,142 338,668
551,555 516,121
Creditors: amounts falling due within one year 6 (76,086) (72,731)
Net current assets 475,469 443,390
Total assets less current liabilities 868,759 841,110
Creditors: amounts falling due after more than one year 7 (150,000) (250,000)
Provisions for liabilities (8,708) -
Net assets 710,051 591,110
Capital and reserves
Called up share capital 100,000 100,000
Profit and loss account 610,051 491,110
Shareholder's funds 710,051 591,110
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D.C. Clark
Director
Approved by the board on 27 March 2025
Cliveden Property Management Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 July 2023 48,735
Additions 9,000
At 30 June 2024 57,735
Depreciation
At 1 July 2023 1,015
Charge for the year 13,430
At 30 June 2024 14,445
Net book value
At 30 June 2024 43,290
At 30 June 2023 47,720
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 July 2023 350,000
At 30 June 2024 350,000
The company holds 75% of the issued share capital of Cliveden Land Limited. Cliveden Land Limited is a company incorporated in England & Wales which operates as a residential developer. The company is a Small Company and in consequence is exempt from preparing Consolidated Group Accounts.
5 Debtors 2024 2023
£ £
Trade debtors 122,912 136,458
Other debtors 77,501 40,995
200,413 177,453
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 20,788 21,206
Taxation and social security costs 48,548 42,843
Other creditors 6,750 8,682
76,086 72,731
7 Creditors: amounts falling due after one year 2024 2023
£ £
Interest free holding company loan 150,000 250,000
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 15,649 27,192
9 Related party transactions 2024 2023
£ £
Sales to related parties:-
Danesdale Land Limited 122,920 128,352
Sarum Properties Limited 104,981 100,799
Elmbirch Properties Limited 177,269 160,493
405,170 389,644
10 Controlling party
The company is controlled by Henley Holdings Limited, a company registered in Gibraltar.
11 Other information
Cliveden Property Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
James House
40 Lagland Street
Poole
Dorset
BH15 1QG
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