REGISTERED NUMBER: 09914154 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Clophill Properties Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S E Jones

Mr C N W Jones

REGISTERED OFFICE:

Northfield Farm

Great Lane

Clophill

Bedford

Bedfordshire

MK45 4DD

REGISTERED NUMBER:

09914154 (England and Wales)

ACCOUNTANTS:

George Hay Partnership LLP

Chartered Accountants

Brigham House

High Street

Biggleswade

Bedfordshire

SG18 0LD

FIXED ASSETS

Tangible assets

4

10,159

2,400

Investment property

5

1,434,422

1,434,422

1,444,581

1,436,822

CURRENT ASSETS

Debtors

108,982

78,518

Cash at bank

62,753

56,522

171,735

135,040

CREDITORS

Amounts falling due within one year

204,695

169,442

NET CURRENT LIABILITIES

(32,960

)

(34,402

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,411,621

1,402,420

CREDITORS

Amounts falling due after more than one year

6

(680,302

)

(712,573

)

PROVISIONS FOR LIABILITIES

(140,968

)

(138,428

)

NET ASSETS

590,351

551,419

CAPITAL AND RESERVES

Called up share capital

1

1

Non-distributable reserves

7

415,282

415,282

Retained earnings

175,068

136,136

590,351

551,419

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr S E Jones - Director

1.	STATEMENT OF COMPLIANCE

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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rent receivable from the investment properties and has been recorded at the fair value of the consideration received or receivable. Rent received is recognised as the company's right to receive rent is established.

Tangible fixed assets

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

Plant and machinery etc

-

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2023

2,400

Additions

11,145

At 30 September 2024

13,545

DEPRECIATION

Charge for year

3,386

At 30 September 2024

3,386

NET BOOK VALUE

At 30 September 2024

10,159

At 30 September 2023

2,400

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2023

and 30 September 2024

1,434,422

NET BOOK VALUE

At 30 September 2024

1,434,422

At 30 September 2023

1,434,422

Fair value at 30 September 2024 is represented by:

£

Valuation in 2020

553,710

Cost

880,712

1,434,422

If Investment Properties had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

880,712

880,712

Investment properties were valued on an open market basis on 30 September 2024 by the directors .

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2024

2023

£

£

Repayable otherwise than by instalments

Other loans more than 5 years non-instalments

155,000

155,000

Repayable by instalments

Other loans more than 5 years by instalments

363,096

401,732

7.

RESERVES

Non-distributable

reserves

£

At 1 October 2023

and 30 September 2024

415,282

8.	SECURITY NOTE

The Agricultural Mortgage Company hold a fixed and floating charge on the Investment Property owned by the company.