Clifton and Burton Group Limited
Registered number: 03853273
Balance Sheet
at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,789,873 5,325,958
Investments 4 4,700,000 3,700,000
10,489,873 9,025,958
Current assets
Debtors 5 906,650 915,391
Cash at bank and in hand 130,154 104,187
1,036,804 1,019,578
Creditors: amounts falling due within one year 6 (737,587) (373,221)
Net current assets 299,217 646,357
Total assets less current liabilities 10,789,090 9,672,315
Creditors: amounts falling due after more than one year 7 (1,763,255) (2,150,341)
Provisions for liabilities (737,000) (664,000)
Net assets 8,288,835 6,857,974
Capital and reserves
Called up share capital 100,000 100,000
Profit and loss account 8,188,835 6,757,974
Shareholders' funds 8,288,835 6,857,974 -
For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Brian Robert Burton
Director
Approved by the board on 30 June 2025
Clifton and Burton Group Limited
Notes to the Financial Statements
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 – The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis, except for the modification to a fair value basis for certain land and buildings as specified in the accounting policies below, and are presented in Sterling (£).
Consolidation
The financial statements present information about the company as an individual undertaking and not about it as a group. The group is exempt from the requirement to prepare consolidated accounts as it is a small group. Investments in subsidiaries are measured at fair value.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rental of property by reference to the period covered by the rent.
Tangible fixed assets
Land and buildings, being an investment property, is measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is determined by the directors and supported by qualified valuers.
Investment in subsidiary undertakings
Investments in subsidiary undertakings are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique. Changes in fair value are included in the profit and loss account.
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.
Creditors
Short term trade 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.
Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that that have been enacted or substantively enacted by the reporting date.
Deferred tax is calculated using the tax rates and laws that that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference and is recognised in respect of all timing differences at the reporting date, except as otherwise indicated. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2024 5,325,958
Additions 287,842
Change in fair value 176,073
At 31 December 2024 5,789,873
Depreciation
At 31 December 2024 -
Net book value
At 31 December 2024 5,789,873
At 31 December 2023 5,325,958
Some of the land and buildings were revalued in 2021 and others in 2024. The land and buildings are security for loans.
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2024 3,700,000
Change in fair value 1,000,000
At 31 December 2024 4,700,000
Historical cost
At 1 January 2024 288,067
At 31 December 2024 288,067
The shares in group undertakings principally comprise a 100% investment in Clifton Rubber Company Limited, a company incorporated in England and Wales, which trades in the manufacture of rubber and polyurethane products.
The net assets at the last balance sheet date, 31 December 2024, were: £1,432,205
5 Debtors 2024 2023
£ £
Owed by directors - -
Other debtors - 1,000
Owed by connected companies 906,650 914,389
Prepayments and accrued income - 2
906,650 915,391
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 176,266 71,407
Trade creditors 11,414 307
Amounts owed to group undertakings 5,017 -
Corporation tax 62,896 61,142
Taxation and social security costs 20,994 39,366
Owed to directors 356,024 106,407
Accruals and deferred income 104,976 94,592
737,587 373,221
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,475,412 1,488,280
Other creditors 287,843 662,061
1,763,255 2,150,341
8 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 1,165,997 1,431,655
Secured bank loans 1,651,678 1,559,687
The bank loans are secured by fixed charges over land and buildings (note 3). The loans are repayable in monthly instalments totalling £16,012 including interest. Interest is charged at various rates from 1.6% to 4.17% over base rate.
9 Controlling party
B R Burton
10 Other information
Clifton and Burton Group Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Edison Road
St. Ives
Cambridgeshire
PE27 3FF
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