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REGISTERED NUMBER: 12715353 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

CLARKE BROTHERS PROPERTIES LIMITED

CLARKE BROTHERS PROPERTIES LIMITED (REGISTERED NUMBER: 12715353)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CLARKE BROTHERS PROPERTIES LIMITED

COMPANY INFORMATION
for the year ended 31 July 2024







DIRECTORS: Mrs H C Clarke
H G Clarke





REGISTERED OFFICE: 15 Commercial Road
Gloucester
Gloucestershire
GL1 2DY





REGISTERED NUMBER: 12715353 (England and Wales)






CLARKE BROTHERS PROPERTIES LIMITED (REGISTERED NUMBER: 12715353)

ABRIDGED BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 780,000 680,000

CURRENT ASSETS
Debtors 1,561 13,066
Cash at bank 4,966 2,001
6,527 15,067
CREDITORS
Amounts falling due within one year 179,578 205,749
NET CURRENT LIABILITIES (173,051 ) (190,682 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

606,949

489,318

CREDITORS
Amounts falling due after more than one
year

5

(439,348

)

(439,348

)

PROVISIONS FOR LIABILITIES (38,980 ) (13,980 )
NET ASSETS 128,621 35,990

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 7 134,611 59,611
Retained earnings (6,190 ) (23,821 )
128,621 35,990

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 BROTHERS PROPERTIES LIMITED (REGISTERED NUMBER: 12715353)

ABRIDGED BALANCE SHEET - continued
31 July 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 year ended 31 July 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 25 February 2025 and were signed on its behalf by:





Mrs H C Clarke - Director


CLARKE BROTHERS PROPERTIES LIMITED (REGISTERED NUMBER: 12715353)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Clarke Brothers Properties Limited 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 as modified by the revaluation of certain assets.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

CLARKE BROTHERS PROPERTIES LIMITED (REGISTERED NUMBER: 12715353)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 680,000
Revaluations 100,000
At 31 July 2024 780,000
NET BOOK VALUE
At 31 July 2024 780,000
At 31 July 2023 680,000

The directors have determined the fair value of the investment property based on prices for similar properties available in the local market.

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2022 66,692
Valuation in 2023 6,898
Valuation in 2024 100,000
Cost 606,410
780,000

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans - more than 5 years 439,348 439,348

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 439,348 439,348

The company's bank has a fixed and floating charge over the property owned by the company.

CLARKE BROTHERS PROPERTIES LIMITED (REGISTERED NUMBER: 12715353)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

7. RESERVES
Fair
value
reserve
£   
At 1 August 2023 59,611
Property revaluation 100,000
Deferred tax on FV adjustment (25,000 )

At 31 July 2024 134,611

8. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.