REGISTERED NUMBER: 02711119 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CLIVEDEN LAND LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

S A Church FCA

Danesdale Land Limited

Cliveden Property Management Limited

SECRETARY:

Moore & Cache Limited

REGISTERED OFFICE:

14 Wilton Road

Salisbury

SP2 7EE

REGISTERED NUMBER:

02711119 (England and Wales)

ACCOUNTANTS:

Fawcetts LLP

Chartered Accountants

Windover House

St. Ann Street

Salisbury

SP1 2DR

CURRENT ASSETS

Stocks

578,989

495,417

Debtors

4

2,685

4,945

Cash at bank

178,198

29,090

759,872

529,452

CREDITORS

Amounts falling due within one year

5

1,204,797

1,055,585

NET CURRENT LIABILITIES

(444,925

)

(526,133

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(444,925

)

(526,133

)

CAPITAL AND RESERVES

Called up share capital

6

20

20

Retained earnings

(444,945

)

(526,153

)

SHAREHOLDERS' FUNDS

(444,925

)

(526,133

)

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 directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

S A Church FCA - Director

1.	STATUTORY INFORMATION

Cliveden Land 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.

The financial statements are prepared on a going concern basis. The company meets its day-to-day working capital requirements through the support of its immediate parent company Danesdale Land Limited. The director of the immediate parent company has indicated that he does not intend to withdraw support within the next twelve months. The going concern basis is therefore believed to be appropriate. The financial statements do not include any adjustments that might result from a withdrawal of group support.

The financial statements are presented in Sterling (£) which is the functional currency of the company.

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

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for turnover and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements:

Revenue recognition:

Revenue is recognised in relation to the value of work carried out which is based on the project as a whole. Judgements are made on the timing of revenue recognition based on the percentage completion of the work, and the expected outcome of the contract.

Stocks

Stock and work in progress represent land and property developments held for resale. Stock and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell, less provisions for all known and anticipated losses and after deducting payments received on account. Cost represents the direct cost of developments including the cost of land and directly associated legal and professional fees, the direct cost of labour, materials and site overheads.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock and work in progress over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Turnover

Turnover is derived from property and construction services. Turnover from property sales is recognised at the point of sale completion. Turnover from long term construction contracts is recognised on a percentage complete basis, with reference to the work completed and the expected outcome of the contract.

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, and Value Added Tax, all of which is attributable to continuing operations generated in the United Kingdom.

Debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. For the purpose of the cash flow statement, cash and cash equivalents consist of cash and cash equivalents as defined above, net of outstanding bank overdrafts.

Creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

The company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, and loans to and from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other debtors and creditors, are initially measured at the present value of future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade creditors and debtors, are measured initially and subsequently, at the undiscounted amount of the cash, or other consideration, expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, such as the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or, in the case of an outright short-term loan, not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

2,685

4,945

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

28,534

25,732

Other creditors

1,176,263

1,029,853

1,204,797

1,055,585

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

20

Ordinary

£1

20

20

7.	ULTIMATE PARENT COMPANY AND CONTROLLING PARTY

A 75% equitable interest is held in Cliveden Land Limited ('the Company') by Cliveden Property Management Limited, a company incorporated in England, who themselves are controlled by Henley Holdings Limited, a company incorporated in Gibraltar. Danesdale Land Limited, a company incorporated in England, has a 25% equitable interest in the Company. By way of an agreement between Danesdale Land Limited and Cliveden Property Management Limited, it was agreed that Danesdale Land Limited would have operational control of the Company. On 7 July 2023 this agreement was confirmed by the adoption of a new set of Articles of Association, and it has been decided that from this date the controlling party for corporation tax purposes became Danesdale Land Limited. Danesdale Land Limited is controlled by Sarum Lands Limited, a company incorporated in England, and is considered to be the ultimate parent company. In the opinion of the directors, no one individual has control of the ultimate parent company Sarum Lands Limited.