REGISTERED NUMBER: 14541859 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CLARET ESTATES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

N Schreiber

M Chersky

SECRETARY:

REGISTERED OFFICE:

147 Stamford Hill

London

N16 5LG

REGISTERED NUMBER:

14541859 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Investment property

4

7,610,646

3,562,265

CURRENT ASSETS

Debtors

5

2,128,885

1,649,259

Investments

6

654,651

654,651

Cash at bank and in hand

100,134

45,501

2,883,670

2,349,411

CREDITORS

Amounts falling due within one year

7

(10,500,398

)

(5,945,015

)

NET CURRENT LIABILITIES

(7,616,728

)

(3,595,604

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,082

)

(33,339

)

CAPITAL AND RESERVES

Called up share capital

8

120

120

Retained earnings

9

(6,202

)

(33,459

)

SHAREHOLDERS' FUNDS

(6,082

)

(33,339

)

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 30 September 2025 and were signed on its behalf by:

N Schreiber - Director

1.	STATUTORY INFORMATION

Claret Estates Ltd 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.

Turnover

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

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 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

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

3,562,265

Additions

4,048,381

At 31 December 2024

7,610,646

NET BOOK VALUE

At 31 December 2024

7,610,646

At 31 December 2023

3,562,265

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

174,821

-

Amounts owed by participating interests

1,927,064

1,622,259

Other debtors

27,000

27,000

2,128,885

1,649,259

6.	CURRENT ASSET INVESTMENTS

31.12.24

31.12.23

£

£

Shares in group undertakings - Bearnett House Holdings Ltd

654,651

654,651

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

323,618

-

Trade creditors

15,385

(1

)

Amounts owed to participating interests

333,729

-

Other creditors

9,827,666

5,945,016

10,500,398

5,945,015

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

120

Ordinary

£1

120

120

9.

RESERVES

Retained

earnings

£

At 1 January 2024

(33,459

)

Profit for the year

27,257

At 31 December 2024

(6,202

)