Caseware UK (AP4) 2024.0.164 2024.0.164 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-10-01falseNo description of principal activity44truetruefalse 00697092 2023-10-01 2024-09-30 00697092 2022-10-01 2023-09-30 00697092 2024-09-30 00697092 2023-09-30 00697092 2022-10-01 00697092 2 2022-10-01 2023-09-30 00697092 d:Director2 2023-10-01 2024-09-30 00697092 e:OfficeEquipment 2023-10-01 2024-09-30 00697092 e:OfficeEquipment 2024-09-30 00697092 e:OfficeEquipment 2023-09-30 00697092 e:FreeholdInvestmentProperty 2024-09-30 00697092 e:FreeholdInvestmentProperty 2023-09-30 00697092 e:CurrentFinancialInstruments 2024-09-30 00697092 e:CurrentFinancialInstruments 2023-09-30 00697092 e:CurrentFinancialInstruments e:WithinOneYear 2024-09-30 00697092 e:CurrentFinancialInstruments e:WithinOneYear 2023-09-30 00697092 e:UKTax 2023-10-01 2024-09-30 00697092 e:UKTax 2022-10-01 2023-09-30 00697092 e:ShareCapital 2024-09-30 00697092 e:ShareCapital 2023-09-30 00697092 e:ShareCapital 2022-10-01 00697092 e:RevaluationReserve 2023-10-01 2024-09-30 00697092 e:RevaluationReserve 2024-09-30 00697092 e:RevaluationReserve 2023-09-30 00697092 e:RevaluationReserve 2022-10-01 00697092 e:RevaluationReserve 2 2022-10-01 2023-09-30 00697092 e:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 00697092 e:RetainedEarningsAccumulatedLosses 2024-09-30 00697092 e:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 00697092 e:RetainedEarningsAccumulatedLosses 2023-09-30 00697092 e:RetainedEarningsAccumulatedLosses 2022-10-01 00697092 e:RetainedEarningsAccumulatedLosses 2 2022-10-01 2023-09-30 00697092 d:OrdinaryShareClass1 2023-10-01 2024-09-30 00697092 d:OrdinaryShareClass1 2024-09-30 00697092 d:OrdinaryShareClass1 2023-09-30 00697092 d:FRS102 2023-10-01 2024-09-30 00697092 d:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 00697092 d:FullAccounts 2023-10-01 2024-09-30 00697092 d:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00697092 e:OtherDeferredTax 2024-09-30 00697092 e:OtherDeferredTax 2023-09-30 00697092 2 2023-10-01 2024-09-30 00697092 e:ShareCapital 2 2022-10-01 2023-09-30 00697092 f:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00697092










Clifford Earl Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 30 September 2024




 
Clifford Earl Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Clifford Earl Limited for the Year Ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clifford Earl Limited for the year ended 30 September 2024 which comprise  the Balance sheet, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Clifford Earl Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Clifford Earl Limited and state those matters that we have agreed to state to the Board of directors of Clifford Earl Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clifford Earl Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Clifford Earl Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Clifford Earl Limited. You consider that Clifford Earl Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Clifford Earl Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
2nd Floor, Maritime Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QZ
6 June 2025
Page 1

 
Clifford Earl Limited
Registered number: 00697092

Balance sheet
As at 30 September 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 6 
1,415,804
1,415,804

  
1,415,804
1,415,804

Current assets
  

Debtors: amounts falling due within one year
 7 
483
2,719

Bank & cash balances
  
401,318
385,831

  
401,801
388,550

Creditors: amounts falling due within one year
 8 
(20,124)
(23,840)

Net current assets
  
 
 
381,677
 
 
364,710

Total assets less current liabilities
  
1,797,481
1,780,514

Provisions for liabilities
  

Deferred tax
 9 
(153,360)
(153,360)

  
 
 
(153,360)
 
 
(153,360)

Net assets
  
1,644,121
1,627,154


Capital and reserves
  

Called up share capital 
 10 
1,000
1,000

Revaluation reserve
 11 
1,084,628
1,084,628

Profit and loss account
 11 
558,493
541,526

  
1,644,121
1,627,154


Page 2

 
Clifford Earl Limited
Registered number: 00697092

Balance sheet (continued)
As at 30 September 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr S Earl
Director

Date: 6 June 2025

The notes on pages 5 to 10 form part of these financial statements.

Page 3

 
Clifford Earl Limited
 

Statement of changes in equity
For the Year Ended 30 September 2024


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£


At 1 October 2022
1,000
1,121,434
515,710
1,638,144


Comprehensive loss for the year

Loss for the year
-
-
(8,990)
(8,990)


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(2,000)
(2,000)

Transfer from profit and loss account
-
(36,806)
36,806
-



At 1 October 2023
1,000
1,084,628
541,526
1,627,154


Comprehensive income for the year

Profit for the year
-
-
18,967
18,967


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(2,000)
(2,000)


At 30 September 2024
1,000
1,084,628
558,493
1,644,121


The notes on pages 5 to 10 form part of these financial statements.

Page 4

 
Clifford Earl Limited
 

 
Notes to the financial statements
For the Year Ended 30 September 2024

1.


General information

Clifford Earl Limited is a private limited company limited by shares and is incorporated in England with the registration number 00697092. The address of the registered office is Crown Garage, Gravesend Road, Shorne, Gravesend, Kent, DA12 3JL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's fuctional currency is Pound Sterling and the Financial Statements are rounded to the nearest £1. 

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

Page 5

 
Clifford Earl Limited
 

 
Notes to the financial statements
For the Year Ended 30 September 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model, other than investment properties, are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Office equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income. 

 
2.6

Investment property

Investment property is carried at fair value by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income. 

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 6

 
Clifford Earl Limited
 

 
Notes to the financial statements
For the Year Ended 30 September 2024

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 7

 
Clifford Earl Limited
 

 
Notes to the financial statements
For the Year Ended 30 September 2024

4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
4,408
6,525


4,408
6,525


Total current tax
4,408
6,525

Deferred tax


Deferred tax on investment properties
-
36,806

Total deferred tax
-
36,806


4,408
43,331

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  19% (2023 - 19%).



Factors that may affect future tax charges

There were no factors that may affect future tax charges.


5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 October 2023
3,556



At 30 September 2024

3,556



Depreciation


At 1 October 2023
3,556



At 30 September 2024

3,556



Net book value



At 30 September 2024
-



At 30 September 2023
-

Page 8

 
Clifford Earl Limited
 

 
Notes to the financial statements
For the Year Ended 30 September 2024

6.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
1,415,804



At 30 September 2024
1,415,804

The investment property was not revalued during the year. The last professional valuation was undertaken in August 2022 on an open market value for existing use basis. 
The directors have considered the value at the the balance sheet date and believe it is still representative of the fair value.





7.


Debtors

2024
2023
£
£


Other debtors
277
2,521

Prepayments and accrued income
206
198

483
2,719



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
4,408
6,525

Other taxation and social security
2,094
1,706

Other creditors
8,722
8,409

Accruals
4,900
7,200

20,124
23,840


Page 9

 
Clifford Earl Limited
 

 
Notes to the financial statements
For the Year Ended 30 September 2024

9.


Deferred taxation




2024
2023


£

£






At beginning of year
(153,360)
(116,554)


Charged to profit or loss
-
(36,806)



At end of year
(153,360)
(153,360)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Investment properties
(153,360)
(153,360)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



11.


Reserves

Revaluation reserve

Non-distributable reserves comprise revaluation of investment properties less a provision for deferred tax in the event of disposal.

Profit & loss account

This reserve comprises all current and prior period retained distributable profits and losses after deducting any distributions made to the company's shareholders.


Page 10