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REGISTERED NUMBER: 11394496 (England and Wales)
















CLARKES COMMERCIALS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






CLARKES COMMERCIALS LIMITED (REGISTERED NUMBER: 11394496)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLARKES COMMERCIALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: H L Houston-Clarke
R P Clarke





REGISTERED OFFICE: 2 Moxon Court
Thurston Road
Northallerton
North Yorkshire
DL6 2NG





REGISTERED NUMBER: 11394496 (England and Wales)






CLARKES COMMERCIALS LIMITED (REGISTERED NUMBER: 11394496)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 296,962 127,249
Investment property 5 761,410 761,410
1,058,372 888,659

CURRENT ASSETS
Debtors 6 145,784 220,620
Cash at bank and in hand 299,560 91,512
445,344 312,132
CREDITORS
Amounts falling due within one year 7 726,302 333,112
NET CURRENT LIABILITIES (280,958 ) (20,980 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

777,414

867,679

CREDITORS
Amounts falling due after more than one
year

8

(662,933

)

(816,979

)

PROVISIONS FOR LIABILITIES - (19,053 )
NET ASSETS 114,481 31,647

CAPITAL AND RESERVES
Called up share capital 112 112
Retained earnings 114,369 31,535
SHAREHOLDERS' FUNDS 114,481 31,647

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

CLARKES COMMERCIALS LIMITED (REGISTERED NUMBER: 11394496)

BALANCE SHEET - continued
30 SEPTEMBER 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 3 June 2025 and were signed on its behalf by:





R P Clarke - Director


CLARKES COMMERCIALS LIMITED (REGISTERED NUMBER: 11394496)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Clarkes Commercials 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rents received represents rental income from property net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at cost.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors and trade creditors.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

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.


CLARKES COMMERCIALS LIMITED (REGISTERED NUMBER: 11394496)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 October 2023 68,050 76,623 144,673
Additions - 229,934 229,934
At 30 September 2024 68,050 306,557 374,607
DEPRECIATION
At 1 October 2023 17,013 411 17,424
Charge for year 6,805 53,416 60,221
At 30 September 2024 23,818 53,827 77,645
NET BOOK VALUE
At 30 September 2024 44,232 252,730 296,962
At 30 September 2023 51,037 76,212 127,249

5. INVESTMENT PROPERTY
Total
£
COST
At 1 October 2023
and 30 September 2024 761,410
NET BOOK VALUE
At 30 September 2024 761,410
At 30 September 2023 761,410

CLARKES COMMERCIALS LIMITED (REGISTERED NUMBER: 11394496)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Trade debtors 30,702 5,300
Other debtors 110,834 215,320
141,536 220,620

Amounts falling due after more than one year:
Amounts owed by group undertakings 4,248 -

Aggregate amounts 145,784 220,620

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 46,497 35,758
Hire purchase contracts 66,363 7,421
Trade creditors 443,284 265,500
Taxation and social security 8,358 2,933
Other creditors 161,800 21,500
726,302 333,112

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 304,029 342,262
Hire purchase contracts 120,765 41,569
Amounts owed to group undertakings 238,139 -
Other creditors - 433,148
662,933 816,979

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 142,261 150,165

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 350,526 378,020

HSBC UK Bank PLC holds a charge over the properties at Unit 1, The Warehouse, Keighley Road, Skipton and 41 James Watt Place, Glasgow together with a fixed and floating charge over all assets of the undertaking.

CLARKES COMMERCIALS LIMITED (REGISTERED NUMBER: 11394496)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 September 2024 and the period ended 30 September 2023:

2024 2023
£ £
R P Clarke and H L Houston-Clarke
Balance outstanding at start of year 37,767 -
Amounts advanced - 388,767
Amounts repaid (37,767 ) (351,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 37,767