Acorah Software Products - Accounts Production 16.1.300 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08690628 M E Clark A Cross true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08690628 2023-12-31 08690628 2024-12-31 08690628 2024-01-01 2024-12-31 08690628 frs-core:CurrentFinancialInstruments 2024-12-31 08690628 frs-core:ShareCapital 2024-12-31 08690628 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08690628 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08690628 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08690628 frs-bus:SmallEntities 2024-01-01 2024-12-31 08690628 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08690628 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08690628 1 2024-01-01 2024-12-31 08690628 frs-bus:Director1 2024-01-01 2024-12-31 08690628 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 08690628 frs-countries:EnglandWales 2024-01-01 2024-12-31 08690628 2022-12-31 08690628 2023-12-31 08690628 2023-01-01 2023-12-31 08690628 frs-core:CurrentFinancialInstruments 2023-12-31 08690628 frs-core:ShareCapital 2023-12-31 08690628 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08690628
Clark Estates (Investments) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08690628
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 2,300,000 2,300,000
2,300,000 2,300,000
CURRENT ASSETS
Debtors 5 20,256 2,287
Cash at bank and in hand 14,506 16,086
34,762 18,373
Creditors: Amounts Falling Due Within One Year 6 (1,144,326 ) (1,036,572 )
NET CURRENT ASSETS (LIABILITIES) (1,109,564 ) (1,018,199 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,190,436 1,281,801
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (51,889 ) (51,889 )
NET ASSETS 1,138,547 1,229,912
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 1,138,537 1,229,902
SHAREHOLDERS' FUNDS 1,138,547 1,229,912
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Page 2
For the year ending 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 Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 1 August 2025 and were signed on its behalf by:
M E Clark
Director
01/08/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Clark Estates (Investments) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08690628 . The registered office is Third Floor Link House, 25 West Street, Poole, BH15 1LD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
These financial statements have been prepared on a going concern basis. The directors, having considered the financial position of the Company for a period of at least twelve months from the date of signing these financial statements, have no reason to believe that a material uncertainty exists that may cast doubt about the ability of the Company to continue as a going concern.
Accordingly the directors have a reasonable expectation that the Company will continue in operational existence and thus they adopt the going concern basis of accounting in preparing the financial statements.
2.3. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Turnover comprises rents receivable and is recognised in the period to which it relates.
2.4. Investment Properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in the profit and loss account.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
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2.6. Taxation
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 1 January 2024 and 31 December 2024 2,300,000
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 18,438 1,249
VAT 1,818 1,038
20,256 2,287
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 59,737 3,873
Other creditors 1,082,149 1,032,149
Accruals and deferred income 2,440 550
1,144,326 1,036,572
The balance included within other creditors relates to a shareholder's loan account, this amount is unsecured, interest free and will not be repaid until sufficient funds are available.
Amounts owed to group undertakings are unsecured, interest free and will not be repaid until sufficient funds are available.
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7. Deferred Taxation
The provision for deferred taxation is made up of revaluations of investment property.
2024 2023
£ £
Other timing differences 51,889 51,889
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
9. Reserves
An element, amounting to £371,350 (2023: £371,350) of the Profit & Loss Reserve is undistributable arising on the fair value movement of the investment property less associated tax provisions.
10. Related Party Transactions
The Company has taken advantage of the exemption available in accordance with section 33 of FRS102 not to disclose transactions entered into between two or more members of a group, on the basis that it's subsidiaries are wholly owned.
11. Ultimate Parent Undertaking and Controlling Party
The immediate parent company is Clark Estates (Holdings) Ltd. The Company is ultimately owned and controlled by two family trusts - SJ Clark 15 July 1995 Settlement Trust and LJ Clark 9 July 1987 Settlement Trust. The directors control the day to day activity of the Company.
12.
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