IRIS Accounts Production v25.1.4.42 07101116 director 1.11.23 31.10.24 31.10.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071011162023-10-31071011162024-10-31071011162023-11-012024-10-31071011162022-10-31071011162022-11-012023-10-31071011162023-10-3107101116ns15:EnglandWales2023-11-012024-10-3107101116ns14:PoundSterling2023-11-012024-10-3107101116ns10:Director12023-11-012024-10-3107101116ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3107101116ns10:SmallEntities2023-11-012024-10-3107101116ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3107101116ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3107101116ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3107101116ns10:AbridgedAccounts2023-11-012024-10-3107101116ns10:RegisteredOffice2023-11-012024-10-3107101116ns5:CurrentFinancialInstruments2024-10-3107101116ns5:CurrentFinancialInstruments2023-10-3107101116ns5:Non-currentFinancialInstruments2024-10-3107101116ns5:Non-currentFinancialInstruments2023-10-3107101116ns5:ShareCapital2024-10-3107101116ns5:ShareCapital2023-10-3107101116ns5:RevaluationReserve2024-10-3107101116ns5:RevaluationReserve2023-10-3107101116ns5:CapitalRedemptionReserve2024-10-3107101116ns5:CapitalRedemptionReserve2023-10-3107101116ns5:RetainedEarningsAccumulatedLosses2024-10-3107101116ns5:RetainedEarningsAccumulatedLosses2023-10-3107101116ns5:FurnitureFittings2023-11-012024-10-3107101116ns5:Secured2024-10-3107101116ns5:Secured2023-10-3107101116ns5:RevaluationReserve2023-10-31
REGISTERED NUMBER: 07101116 (England and Wales)












CLOVER INVESTMENTS (LINCOLNSHIRE)
LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






CLOVER INVESTMENTS (LINCOLNSHIRE)
LIMITED (REGISTERED NUMBER: 07101116)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CLOVER INVESTMENTS (LINCOLNSHIRE)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: J J Clayton





REGISTERED OFFICE: Unit 1
SSP Buildings
Heath Road
Skegness
Lincolnshire
PE25 3ST





REGISTERED NUMBER: 07101116 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Skegness)
Chartered Certified Accountants
26 Ida Road
Skegness
Lincolnshire
PE25 2AR

CLOVER INVESTMENTS (LINCOLNSHIRE)
LIMITED (REGISTERED NUMBER: 07101116)

ABRIDGED BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 17 23
Investments 4 8 8
Investment property 5 1,070,000 1,070,000
1,070,025 1,070,031

CURRENT ASSETS
Debtors 3,703 4,606
Cash at bank 8,019 5,289
11,722 9,895
CREDITORS
Amounts falling due within one year 104,066 101,025
NET CURRENT LIABILITIES (92,344 ) (91,130 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

977,681

978,901

CREDITORS
Amounts falling due after more than one
year

271,605

291,037
NET ASSETS 706,076 687,864

CAPITAL AND RESERVES
Called up share capital 8 8
Revaluation reserve 7 422,682 422,682
Capital redemption reserve 1 1
Retained earnings 283,385 265,173
SHAREHOLDERS' FUNDS 706,076 687,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

CLOVER INVESTMENTS (LINCOLNSHIRE)
LIMITED (REGISTERED NUMBER: 07101116)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 July 2025 and were signed by:





J J Clayton - Director


CLOVER INVESTMENTS (LINCOLNSHIRE)
LIMITED (REGISTERED NUMBER: 07101116)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 balance sheet date.

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.

2. EMPLOYEES AND DIRECTORS

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

CLOVER INVESTMENTS (LINCOLNSHIRE)
LIMITED (REGISTERED NUMBER: 07101116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023
and 31 October 2024 775
DEPRECIATION
At 1 November 2023 752
Charge for year 6
At 31 October 2024 758
NET BOOK VALUE
At 31 October 2024 17
At 31 October 2023 23

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 November 2023
and 31 October 2024 8
NET BOOK VALUE
At 31 October 2024 8
At 31 October 2023 8

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 1,070,000
NET BOOK VALUE
At 31 October 2024 1,070,000
At 31 October 2023 1,070,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2023 422,682
Cost 647,318
1,070,000

CLOVER INVESTMENTS (LINCOLNSHIRE)
LIMITED (REGISTERED NUMBER: 07101116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


5. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 647,318 647,318

The investment properties were valued on an open market basis on 31 October 2023 by Mr J Clayton .

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 303,591 323,020

The bank loans are secured by a fixed charge over property owned by the Company.

7. RESERVES
Revaluation
reserve
£   
At 1 November 2023
and 31 October 2024 422,682

8. RELATED PARTY DISCLOSURES

Coast & County Electrical Distributors Limited is a subsidiary company of Clover Investments (Lincolnshire) Limited.

During the year Coast & County Electrical Distributors Limited paid dividends totalling £9,810 (2023 - £34,000) to Clover Investments (Lincolnshire) Limited.

£46,326 (2023 - £56,137) is owed to Coast & County Electrical Distributors Limited at the Balance Sheet date.

9. ULTIMATE CONTROLLING PARTY

The Company is controlled by Mr J Clayton due to his majority shareholding.