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REGISTERED NUMBER: 00236210 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE CLOVELLY ESTATE COMPANY LIMITED

THE CLOVELLY ESTATE COMPANY LIMITED (REGISTERED NUMBER: 00236210)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE CLOVELLY ESTATE COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: The Hon J Rous
Sir Adam Ridley
J A E Rous





SECRETARY: The Hon J Rous





REGISTERED OFFICE: The Estate Office
Clovelly
Bideford
Devon
EX39 5SY





REGISTERED NUMBER: 00236210 (England and Wales)





ACCOUNTANTS: William Evans & Partners
20 Harcourt Street
London
W1H 4HG

THE CLOVELLY ESTATE COMPANY LIMITED (REGISTERED NUMBER: 00236210)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 595,670 633,619

CURRENT ASSETS
Stocks 44,359 45,746
Debtors 5 831,010 756,951
Investments 6 3,328,253 3,231,884
Cash at bank 262,174 219,308
4,465,796 4,253,889
CREDITORS
Amounts falling due within one year 7 (587,360 ) (612,265 )
NET CURRENT ASSETS 3,878,436 3,641,624
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,474,106

4,275,243

PROVISIONS FOR LIABILITIES (188,000 ) (135,527 )
NET ASSETS 4,286,106 4,139,716

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Other reserves 9 71,765 71,765
Retained earnings 9 4,213,341 4,066,951
SHAREHOLDERS' FUNDS 4,286,106 4,139,716

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

THE CLOVELLY ESTATE COMPANY LIMITED (REGISTERED NUMBER: 00236210)

BALANCE SHEET - continued
31 DECEMBER 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 10 March 2025 and were signed on its behalf by:





The Hon J Rous - Director


THE CLOVELLY ESTATE COMPANY LIMITED (REGISTERED NUMBER: 00236210)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

The Clovelly Estate Company 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.

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.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance and Straight line over 5 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Current asset investments: listed investments
Current asset listed investments are shown at valuation at the year end date, with any losses or gains on revaluation or sale being shown as part of the company's profit for the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 59 (2023 - 62 ) .

THE CLOVELLY ESTATE COMPANY LIMITED (REGISTERED NUMBER: 00236210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 1,370,841 1,468,400 2,839,241
Additions 550 8,623 9,173
At 31 December 2024 1,371,391 1,477,023 2,848,414
DEPRECIATION
At 1 January 2024 885,705 1,319,917 2,205,622
Charge for year 15,284 31,838 47,122
At 31 December 2024 900,989 1,351,755 2,252,744
NET BOOK VALUE
At 31 December 2024 470,402 125,268 595,670
At 31 December 2023 485,136 148,483 633,619

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 66,077 85,318
Other debtors 764,933 671,633
831,010 756,951

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 3,328,253 3,231,884

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 159,084 174,264
Taxation and social security 95,699 134,859
Other creditors 332,577 303,142
587,360 612,265

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary shares £1 1,000 1,000

THE CLOVELLY ESTATE COMPANY LIMITED (REGISTERED NUMBER: 00236210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

9. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 January 2024 4,066,951 71,765 4,138,716
Profit for the year 246,390 246,390
Dividends (100,000 ) (100,000 )
At 31 December 2024 4,213,341 71,765 4,285,106

10. ULTIMATE CONTROLLING PARTY

Sir Adam Ridley, M.A. Alden and J.A.E Rous, as trustees of the Clovelly 2021 Discretionary Settlement, are the ultimate controlling parties of the company.