IRIS Accounts Production v25.1.3.33 03544811 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035448112023-08-31035448112024-08-31035448112023-09-012024-08-31035448112022-08-31035448112022-09-012023-08-31035448112023-08-3103544811ns15:EnglandWales2023-09-012024-08-3103544811ns14:PoundSterling2023-09-012024-08-3103544811ns10:Director12023-09-012024-08-3103544811ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3103544811ns10:SmallEntities2023-09-012024-08-3103544811ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3103544811ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3103544811ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3103544811ns10:FullAccounts2023-09-012024-08-3103544811ns5:CurrentFinancialInstruments2024-08-3103544811ns5:CurrentFinancialInstruments2023-08-3103544811ns5:ShareCapital2024-08-3103544811ns5:ShareCapital2023-08-3103544811ns5:RetainedEarningsAccumulatedLosses2024-08-3103544811ns5:RetainedEarningsAccumulatedLosses2023-08-3103544811ns10:RegisteredOffice2023-09-012024-08-3103544811ns5:PlantMachinery2023-09-012024-08-3103544811ns5:FurnitureFittings2023-09-012024-08-3103544811ns5:MotorVehicles2023-09-012024-08-3103544811ns5:ComputerEquipment2023-09-012024-08-3103544811ns5:PlantMachinery2023-08-3103544811ns5:FurnitureFittings2023-08-3103544811ns5:MotorVehicles2023-08-3103544811ns5:ComputerEquipment2023-08-3103544811ns5:PlantMachinery2024-08-3103544811ns5:FurnitureFittings2024-08-3103544811ns5:MotorVehicles2024-08-3103544811ns5:ComputerEquipment2024-08-3103544811ns5:PlantMachinery2023-08-3103544811ns5:FurnitureFittings2023-08-3103544811ns5:MotorVehicles2023-08-3103544811ns5:ComputerEquipment2023-08-3103544811ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-08-3103544811ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-08-3103544811ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-08-3103544811ns5:CostValuation2023-08-3103544811ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3103544811ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31
REGISTERED NUMBER: 03544811 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Clive Durose Developments Limited

Clive Durose Developments Limited (Registered number: 03544811)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Clive Durose Developments Limited (Registered number: 03544811)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 72,110 31,019
Investments 5 1,000 1,000
Investment property 6 1,449,942 1,449,942
1,523,052 1,481,961

CURRENT ASSETS
Debtors 7 66,200 21,154
Cash at bank 149,251 170,140
215,451 191,294
CREDITORS
Amounts falling due within one year 8 40,029 106,844
NET CURRENT ASSETS 175,422 84,450
TOTAL ASSETS LESS CURRENT LIABILITIES 1,698,474 1,566,411

PROVISIONS FOR LIABILITIES 13,247 7,754
NET ASSETS 1,685,227 1,558,657

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 1,685,117 1,558,547
SHAREHOLDERS' FUNDS 1,685,227 1,558,657

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:





Mr C P Durose - Director


Clive Durose Developments Limited (Registered number: 03544811)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Clive Durose Developments 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: 03544811

Registered office: Newstead Industrial Estate
Trentham Road
Stoke-On-Trent
Staffordshire
ST4 8HX

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Clive Durose Developments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Turnover
Turnover is stated net of VAT. Turnover from rents receivable and management charges represents the value of services provided under contracts, to the extent that there is a right to consideration, and is recorded at the value of the consideration due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 Profit and Loss Account, 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.


Clive Durose Developments Limited (Registered number: 03544811)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 117,039 - 39,900 - 156,939
Additions 18,361 104 34,822 1,472 54,759
Disposals (1,820 ) - - - (1,820 )
At 31 August 2024 133,580 104 74,722 1,472 209,878
DEPRECIATION
At 1 September 2023 102,853 - 23,067 - 125,920
Charge for year 4,685 21 7,353 294 12,353
Eliminated on disposal (505 ) - - - (505 )
At 31 August 2024 107,033 21 30,420 294 137,768
NET BOOK VALUE
At 31 August 2024 26,547 83 44,302 1,178 72,110
At 31 August 2023 14,186 - 16,833 - 31,019

Clive Durose Developments Limited (Registered number: 03544811)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 39,900
Transfer to ownership (39,900 )
At 31 August 2024 -
DEPRECIATION
At 1 September 2023 23,067
Transfer to ownership (23,067 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 16,833

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 1,000
NET BOOK VALUE
At 31 August 2024 1,000
At 31 August 2023 1,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 1,449,942
NET BOOK VALUE
At 31 August 2024 1,449,942
At 31 August 2023 1,449,942

Investment property was valued at fair value and approved by the directors at the date of the balance sheet.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 45,046 -
Other debtors 21,154 21,154
66,200 21,154

Clive Durose Developments Limited (Registered number: 03544811)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 1,101
Trade creditors 3,778 630
Taxation and social security 8,501 13,668
Other creditors 27,750 91,445
40,029 106,844

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 1,101

The hire purchase liability is secured to the asset it relates to.