Registered number
12106436
The Clock Face Property Limited
Filleted Accounts
31 January 2025
The Clock Face Property Limited
Registered number: 12106436
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Current assets
Debtors 3 - 1,451
Cash at bank and in hand - 15,924
- 17,375
Creditors: amounts falling due within one year 4 - (20,141)
Net current liabilities - (2,766)
Total assets less current liabilities - (2,766)
Creditors: amounts falling due after more than one year 5 - 11,948
Net assets - 9,182
Capital and reserves
Called up share capital - 100
Profit and loss account - 9,082
Shareholder's funds - 9,182
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Haiyi Wang
Director
Approved by the board on 5 June 2025
The Clock Face Property Limited
Notes to the Accounts
for the period from 1 August 2024 to 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 3
3 Debtors 2025 2024
£ £
Trade debtors - 1,451
- 1,451
4 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors - 12,649
Taxation and social security costs - 7,435
Other creditors - 57
- 20,141
5 Creditors: amounts falling due after one year 2025 2024
£ £
Director's loan - (11,948)
- (11,948)
6 Controlling party
The company is controlled by Haiyi Wang. (100%)
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