REGISTERED NUMBER: 01467284 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Clifford Partitioning Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Hawkins

REGISTERED OFFICE:

433 Kingston Road

Epsom

Surrey

KT19 0DB

REGISTERED NUMBER:

01467284 (England and Wales)

ACCOUNTANTS:

Atkinsons Accountants Limited

Palmeira Avenue Mansions

19 Church Road

Hove

East Sussex

BN3 2FA

FIXED ASSETS

Tangible assets

4

42,623

17,648

Investment property

5

808,108

977,727

850,731

995,375

CURRENT ASSETS

Debtors

6

19,163

38,940

Cash at bank

279,024

307,174

298,187

346,114

CREDITORS

Amounts falling due within one year

7

20,500

65,059

NET CURRENT ASSETS

277,687

281,055

TOTAL ASSETS LESS CURRENT LIABILITIES

1,128,418

1,276,430

PROVISIONS FOR LIABILITIES

74,501

65,314

NET ASSETS

1,053,917

1,211,116

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Revaluation reserve

431,435

249,363

Retained earnings

617,482

956,753

1,053,917

1,211,116

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

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

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

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 4 September 2025 and were signed by:

G Hawkins - Director

1.	STATUTORY INFORMATION

Clifford Partitioning Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

1,555

58,403

3,375

63,333

Additions

-

30,417

291

30,708

At 31 December 2024

1,555

88,820

3,666

94,041

DEPRECIATION

At 1 January 2024

1,027

42,490

2,168

45,685

Charge for year

132

5,245

356

5,733

At 31 December 2024

1,159

47,735

2,524

51,418

NET BOOK VALUE

At 31 December 2024

396

41,085

1,142

42,623

At 31 December 2023

528

15,913

1,207

17,648

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

977,727

Disposals

(77,000

)

Revaluations

(92,619

)

At 31 December 2024

808,108

NET BOOK VALUE

At 31 December 2024

808,108

At 31 December 2023

977,727

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

503,608

Cost

304,500

808,108

The valuations shown above were made by the director on an open market basis.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

7,666

36,407

Other debtors

11,497

2,533

19,163

38,940

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

6,851

16,690

Taxation and social security

13,649

47,545

Other creditors

-

824

20,500

65,059

8.	RELATED PARTY DISCLOSURES

Included in other debtors is £8,964 (2023 - £824 owed by the company) which is owed to the company by the director. This loan is provided on an interest free basis, is unsecured and is repayable on demand.

No other transactions with related parties were undertaken such as are required to be disclosed under Section 1A Small Entities of Financial Reporting Standard 102.