Clapham Court Properties Limited 00467950 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is that of property letting and other investments. Digita Accounts Production Advanced 6.30.9574.0 true true 00467950 2024-04-01 2025-03-31 00467950 2025-03-31 00467950 bus:OrdinaryShareClass1 2025-03-31 00467950 core:CurrentFinancialInstruments 2025-03-31 00467950 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 00467950 core:FurnitureFittingsToolsEquipment 2025-03-31 00467950 bus:SmallEntities 2024-04-01 2025-03-31 00467950 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 00467950 bus:FilletedAccounts 2024-04-01 2025-03-31 00467950 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 00467950 bus:RegisteredOffice 2024-04-01 2025-03-31 00467950 bus:CompanySecretaryDirector2 2024-04-01 2025-03-31 00467950 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 00467950 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00467950 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 00467950 countries:EnglandWales 2024-04-01 2025-03-31 00467950 2024-03-31 00467950 core:FurnitureFittingsToolsEquipment 2024-03-31 00467950 2023-04-01 2024-03-31 00467950 2024-03-31 00467950 bus:OrdinaryShareClass1 2024-03-31 00467950 core:CurrentFinancialInstruments 2024-03-31 00467950 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 00467950

Clapham Court Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Clapham Court Properties Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Clapham Court Properties Limited

(Registration number: 00467950)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Investment property

5

2,150,000

2,150,000

Current assets

 

Debtors

6

25,088

24,388

Cash at bank and in hand

 

306,226

281,388

 

331,314

305,776

Creditors: Amounts falling due within one year

7

(217,058)

(217,440)

Net current assets

 

114,256

88,336

Total assets less current liabilities

 

2,264,256

2,238,336

Provisions for liabilities

(429,029)

(429,029)

Net assets

 

1,835,227

1,809,307

Capital and reserves

 

Called up share capital

8

1,000

1,000

Other reserves

1,483,995

1,483,995

Profit and loss account

350,232

324,312

Shareholders' funds

 

1,835,227

1,809,307

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 5 August 2025 and signed on its behalf by:
 

.........................................
S R Byre
Company secretary and director

 

Clapham Court Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lawford House
Albert Place
London
N3 1QA
England

These financial statements were authorised for issue by the Board on 5 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Pounds Sterling, which is also the functional currency of the company. Rounding of amounts shown in the financial statements is to the nearest Pound.

Going concern

Revenue recognition

Revenue represents amounts receivable for rent and is recognised when it is due. Revenue is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Clapham Court Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Current and deferred taxation

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% Straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Clapham Court Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2024

4,555

4,555

At 31 March 2025

4,555

4,555

Depreciation

At 1 April 2024

4,555

4,555

At 31 March 2025

4,555

4,555

Carrying amount

At 31 March 2025

-

-

 

Clapham Court Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Investment properties

2025
£

At 1 April

2,150,000

At 31 March

2,150,000

The valuation of the investment property was carried out by an independent valuer on 9 November 2021. In the opinion of the directors, the investment property is fairly stated in the financial statements.

6

Debtors

2025
£

2024
£

Other debtors

25,088

24,388

25,088

24,388

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

18,344

19,476

Accruals and deferred income

2,500

1,750

Other creditors

196,214

196,214

217,058

217,440

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000

       
 

Clapham Court Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9

Related party transactions

Management fees of £78,000 (2024: £72,000) were paid to companies controlled by one of the directors.

Included within other debtors is the total amount of £25,088 (2024: £24,387) due from connected persons and companies in which the shareholders have a material interest. The loans are provided interest free and are unsecured. There are no formal terms and conditions regarding repayment of the loans.

Included within other creditors is a total amount of £196,214 (2024: £196,214) owed to companies in which the shareholders have a material interest. The loans are provided interest free and are unsecured. There are no formal terms and conditions regarding the repayment of the loans.