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REGISTERED NUMBER: 08625611 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Cleaver Developments Limited

Cleaver Developments Limited (Registered number: 08625611)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Cleaver Developments Limited

Company Information
for the Year Ended 31 August 2024







Director: M Cleaver





Registered office: 114-120 Northgate Street
Chester
CH1 2HT





Registered number: 08625611 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Cleaver Developments Limited (Registered number: 08625611)

Statement of Financial Position
31 August 2024

31/8/24 31/8/23
as restated
Notes £    £    £   
Fixed assets
Tangible assets 4 574 861
Investment property 5 797,000 805,474
797,574 806,335

Current assets
Debtors 6 1,324 28,507
Cash at bank 65,522 91,515
66,846 120,022
Creditors
Amounts falling due within one year 7 313,096 410,452
Net current liabilities (246,250 ) (290,430 )
Total assets less current liabilities 551,324 515,905

Creditors
Amounts falling due after more than
one year

8

(46,574

)

(59,421

)

Provisions for liabilities 9 (11,820 ) (11,891 )
Net assets 492,930 444,593

Cleaver Developments Limited (Registered number: 08625611)

Statement of Financial Position - continued
31 August 2024

31/8/24 31/8/23
as restated
Notes £    £    £   
Capital and reserves
Called up share capital 100 100
Other reserves 10 87,045 87,045
Retained earnings 10 405,785 357,448
Shareholders' funds 492,930 444,593

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2025 and were signed by:





M Cleaver - Director


Cleaver Developments Limited (Registered number: 08625611)

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

1. Statutory information

Cleaver Developments 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.

Revenue from property rental is recognised on an accruals basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Cleaver Developments Limited (Registered number: 08625611)

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

2. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

3. Employees and directors

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

4. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 1 September 2023
and 31 August 2024 8,745 1,435 10,180
Depreciation
At 1 September 2023 8,745 574 9,319
Charge for year - 287 287
At 31 August 2024 8,745 861 9,606
Net book value
At 31 August 2024 - 574 574
At 31 August 2023 - 861 861

5. Investment property
Total
£   
Fair value
At 1 September 2023 805,474
Disposals (8,474 )
At 31 August 2024 797,000
Net book value
At 31 August 2024 797,000
At 31 August 2023 805,474

Cleaver Developments Limited (Registered number: 08625611)

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

6. Debtors: amounts falling due within one year
31/8/24 31/8/23
as restated
£    £   
Trade debtors 724 22,208
Other debtors 600 6,299
1,324 28,507

7. Creditors: amounts falling due within one year
31/8/24 31/8/23
as restated
£    £   
Bank loans and overdrafts 14,579 14,579
Trade creditors 1,842 1,845
Taxation and social security 21,029 17,877
Other creditors 275,646 376,151
313,096 410,452

The bank loans are secured by a fixed and floating charge over the company's assets and a mortgage over the company's freehold property.

8. Creditors: amounts falling due after more than one year
31/8/24 31/8/23
as restated
£    £   
Bank loans 46,574 59,421

The bank loans are secured by a fixed and floating charge over the company's assets and a mortgage over the company's freehold property.

9. Provisions for liabilities
31/8/24 31/8/23
as restated
£    £   
Deferred tax
Investment property revaluation 11,676 11,676
Accelerated capital allowances 144 215
11,820 11,891

Cleaver Developments Limited (Registered number: 08625611)

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

9. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 September 2023 11,891
Credit to Income Statement during year (71 )
Balance at 31 August 2024 11,820

10. Reserves
Retained Other
earnings reserves Totals
£    £    £   

At 1 September 2023 327,448 87,045 414,493
Prior year adjustment 30,000 30,000
357,448 444,493
Profit for the year 48,337 48,337
At 31 August 2024 405,785 87,045 492,830

Under FRS 102 surpluses on the revaluation of investment property are treated as fair value adjustments and are recognised in the statement of income. However under company law, these surpluses are not distributable. In these financial statements, the cumulative revaluation surpluses (net of deferred tax) have been included in other reserves. On disposal of an investment property, any revaluation surplus realised on disposal is transferred to distributable reserves.

11. Related party disclosures

The director has made loans to the company. The balance on these loans at 31 August 2024 was £1,383 (2023: £1,188). These loans are interest-free and repayable on demand.

12. Prior year adjustment

In the accounts for the year ended 31 August 2023, payments of loans totalling £30,000 were misposted as dividends. This misposting has been corrected by restating the comparative figures for dividends and loans within other creditors.