Martin Clifton Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

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Balance Sheet

As At 30 June 2025

Balance Sheet

Registered number: 00643178

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		7,744,767		7,998,538
Investment Properties	5		3,363,644		1,501,500

			11,108,411		9,500,038
CURRENT ASSETS
Stocks	6	1,086,432		1,148,246
Debtors	7	765,848		782,131
Investments	8	41		41
Cash at bank and in hand		139,051		-

		1,991,372		1,930,418
Creditors: Amounts Falling Due Within One Year	9	(455,455 )		(898,755 )

NET CURRENT ASSETS (LIABILITIES)			1,535,917		1,031,663

TOTAL ASSETS LESS CURRENT LIABILITIES			12,644,328		10,531,701

Creditors: Amounts Falling Due After More Than One Year	10		(3,280,104 )		(1,571,157 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(458,909 )		(495,197 )

NET ASSETS			8,905,315		8,465,347

CAPITAL AND RESERVES
Called up share capital	12		5,000		5,000
Other reserves			598,118		598,118
Profit and Loss Account			8,302,197		7,862,229

SHAREHOLDERS' FUNDS			8,905,315		8,465,347

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Martin Clifton Limited

Balance Sheet (continued)

As At 30 June 2025

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr A M Clifton

Director

29/09/2025

The notes on pages 4 to 8 form part of these financial statements.

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Martin Clifton Limited

Notes to the Financial Statements

For The Year Ended 30 June 2025

Notes to the Financial Statements

1. General Information

Martin Clifton Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00643178 . The registered office is Priory Lands, Appledore, Ashford, Kent, TN26 2DP.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Significant judgements and estimations

No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements.

No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made.

2.4. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	50 years straight line
Plant & Machinery	15% on reducing balance
Motor Vehicles inc. farm vehicles	25% on reducing balance
Fixtures & Fittings	15% on reducing balance
Computer Equipment	15% on reducing balance

2.6. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

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Martin Clifton Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

2.7. Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment

Interest income on debt securities, where applicable, is recognised in income using the effective interest method.

Dividends on equity securities are recognised in income when receivable.

2.8. Stocks and Work in Progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour

costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to. its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

2.9. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.10. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.11. Pensions

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the

company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If

contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2.12. Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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Martin Clifton Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

2.13. Bank borrowings

The third Barclays Treasury Loan is denominated in GBP with a nominal interest rate of 1.55% above Barclays Base Rate%, and the final instalment is due on 31 May 2028. The carrying amount at year end is £1,627,994 (2024 -£1,691,157).

There is a charge over land at Horsehead Bridge and south of White Kemp Sewer, Ivychurch, New Romney, Kent,

TN25 4AU.

There is also a charge over Little Cheyne Court Farm, Ivychurch, New Romney, Kent, TN25 4AU.

There is a charge over land at Horsehead Bridge and south of White Kemp Sewer, Ivychurch, New Romney, Kent,

TN25 4AU.

There is also a charge over Little Cheyne Court Farm, Ivychurch, New Romney, Kent, TN25 4AU.

During the year a fifth Barclays Treasury Loan is denominated in GBP with a nominal interest rate of 1.55% above Barclays Base Rate%, and the final instalment is due on 31 January 2035. The carrying amount at year end is £1,818,350.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 9)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles inc. farm vehicles	Fixtures & Fittings
	£	£	£	£
Cost or Valuation
As at 1 July 2024	6,875,281	1,320,412	2,283,099	748,097
Additions	-	36,650	-	-

As at 30 June 2025	6,875,281	1,357,062	2,283,099	748,097

Depreciation
As at 1 July 2024	172,915	874,762	1,594,416	590,435
Provided during the period	26,772	67,253	172,171	23,649

As at 30 June 2025	199,687	942,015	1,766,587	614,084

Net Book Value
As at 30 June 2025	6,675,594	415,047	516,512	134,013

As at 1 July 2024	6,702,366	445,650	688,683	157,662


	Computer Equipment	Total
	£	£
Cost or Valuation
As at 1 July 2024	33,277	11,260,166
Additions	-	36,650

As at 30 June 2025	33,277	11,296,816

Depreciation
As at 1 July 2024	29,100	3,261,628
Provided during the period	576	290,421

As at 30 June 2025	29,676	3,552,049

...CONTINUED

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Martin Clifton Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

Net Book Value
As at 30 June 2025	3,601	7,744,767

As at 1 July 2024	4,177	7,998,538

5. Investment Property

	2025
	£
Fair Value
As at 1 July 2024	1,501,500
Additions	1,787,069
Revaluations	75,075

As at 30 June 2025	3,363,644

6. Stocks

	2025	2024
	£	£
Stock	1,086,432	1,148,246

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	343,503	375,682
Prepayments and accrued income	385,214	353,541
VAT	37,131	52,908

	765,848	782,131

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

8. Current Asset Investments

	2025	2024
	£	£
Unlisted investments	41	41

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Martin Clifton Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	144,306	61,861
Bank loans and overdrafts	166,241	758,430
Corporation tax	66,025	-
Other taxes and social security	5,879	2,701
Accruals and deferred income	71,168	72,731
Directors' loan accounts	1,836	3,032

	455,455	898,755

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

10. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	3,280,104	1,571,157

Creditors include bank loans repayable by instalments of £1,091,156.75 (2023 - £1,585,263.19) due after more than five years.

11. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	166,241	120,000

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	3,280,104	1,571,157

12. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	5,000	5,000

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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Directors	Mr A M Clifton
	Mr A T Clifton
	Miss J M Clifton
	Mrs S A Willett
	Mrs J A Clifton

Secretary	Mrs J A Clifton

Company Number	00643178

Registered Office	Priory Lands
	Appledore
	Ashford
	Kent
	TN26 2DP

Accountants	Beresfords
	Chartered Certified Accountants
	1-2 Rhodium Point
	Spindle Close
	Hawkinge, Folkestone
	Kent
	CT18 7TQ