REGISTERED NUMBER: 06528937 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

R J CLIFF LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr R Cliff

REGISTERED OFFICE:

25 Derby Road

Long Eaton

Nottingham

NG10 1NA

REGISTERED NUMBER:

06528937 (England and Wales)

ACCOUNTANTS:

Duncan and Toplis Limited

Pinnacle House

1 Pinnacle Way,

Derby

Derbyshire

DE24 8ZS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

272

340

Investments

6

236,201

141,469

236,473

141,809

CURRENT ASSETS

Debtors

7

254,412

234,827

Cash at bank

95,413

42,677

349,825

277,504

CREDITORS

Amounts falling due within one year

8

48,224

15,301

NET CURRENT ASSETS

301,601

262,203

TOTAL ASSETS LESS CURRENT LIABILITIES

538,074

404,012

PROVISIONS FOR LIABILITIES

16

16

NET ASSETS

538,058

403,996

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

538,057

403,995

SHAREHOLDERS' FUNDS

538,058

403,996

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2025 and were signed by:

Mr R Cliff - Director

1.	STATUTORY INFORMATION

R J Cliff 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.

Goodwill

Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives as follows:

Goodwill - ten years

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

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 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.

Investment assets

Investments are included at market value. Any aggregate surplus or deficit arising from changes in market value is recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

142,500

AMORTISATION

At 1 January 2024

and 31 December 2024

142,500

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

Goodwill arose on the purchase of the company's share in S G C Solicitors.

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

1,619

DEPRECIATION

At 1 January 2024

1,279

Charge for year

68

At 31 December 2024

1,347

NET BOOK VALUE

At 31 December 2024

272

At 31 December 2023

340

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

141,469

Additions

131,055

Disposals

(53,035

)

Revaluations

16,712

At 31 December 2024

236,201

NET BOOK VALUE

At 31 December 2024

236,201

At 31 December 2023

141,469

Cost or valuation at 31 December 2024 is represented by:

Other

investments

£

Valuation in 2024

236,201

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Due from S G C Solicitors

248,870

196,056

Other debtors

1,000

1,000

Directors loan account

4,542

37,771

254,412

234,827

Other than as stated under directors loan account above, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Tax

47,288

14,413

Accruals and deferred income

936

888

48,224

15,301

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr R Cliff

Balance outstanding at start of year

37,771

47,172

Amounts advanced

31,595

41,651

Amounts repaid

(64,824

)

(51,052

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,542

37,771

Interest was charged on the overdrawn balance at HM Revenue & Customs official rate of interest being 2.25% per annum.

The overdrawn director's loan account was repaid within nine months of the year end.