Company registration number: 09391240
Unaudited financial statements
for the year ended 31 December 2024
for
Clayborne Developments Limited
Pages for filing with the Registrar
Company registration number: 09391240
Clayborne Developments Limited
Balance sheet
as at 31 December 2024
31 Dec 24 31 Dec 23
Note £ £ £ £
Fixed assets
Tangible assets 4 24,351 26,667
Investment property 5 1,435,000 1,330,000
1,459,351 1,356,667
Current assets
Debtors 21,100 21,526
Cash at bank and in hand 44,531 15,618
65,631 37,144
Creditors: amounts falling due within one
year 		(547,124) (546,702)
Net current liabilities (481,493) (509,558)
Total assets less current liabilities 977,858 847,109
Creditors: Amounts falling due after more
than one year 		6 (387,231) (416,154)
Provisions for liabilities (82,580) (47,069)
NET ASSETS 508,047 383,886
Capital and reserves
Called up share capital 100 100
Profit and loss account 507,947 383,786
TOTAL EQUITY 508,047 383,886
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 09391240
Clayborne Developments Limited
Balance sheet - continued
as at 31 December 2024
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 22 September 2025 and signed on its behalf by:
Mr D Hutchings, Director
22 September 2025
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Clayborne Developments Limited
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Clayborne Developments Limited is a private company registered in England and Wales. Its registered number is 09391240. The company is limited by shares. Its registered office is 3 Bakers Lane, Shutlanger, Towcester, Northamptonshire, NN12 7RT.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 6.67% straight line
Investment property
Investment property is shown at its 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 taxation. Tax is recognised in the Profit and loss account, 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.
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Clayborne Developments Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Deferred taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was Nil (2023 - Nil).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 January 2024 34,737
At 31 December 2024 34,737
Depreciation
At 1 January 2024 8,070
Charge for year 2,316
At 31 December 2024 10,386
Net book value
At 31 December 2024 24,351
At 31 December 2023 26,667
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Clayborne Developments Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
5 Investment property
£
Valuation
At 1 January 2024 1,330,000
Disposals -
Revaluations 105,000
At 31 December 2024 1,435,000
6 Creditors: amounts falling due after more than five years
31 Dec 24 31 Dec 23
£ £
Repayable by instalments
Bank loans 255,713 291,170
7 Secured debts
Creditors and Creditors falling due after more than one year include a bank development loan which is secured by an unlimited debenture from the company and a first legal charge over the land and buildings for which the loan has been granted. The total outstanding balance at 31 December 2024 is £416,154 (2023:£443,387)
8 Related party transactions
Other creditors includes a loan of £25,000 (2023:£30,000) repayable on demand, from a company with the same majority shareholding.
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