REGISTERED NUMBER: 10953142 (England and Wales)

Financial Statements for the Year Ended 30 September 2024

for

Seven Clarendon Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R M Govan

T R Muir

REGISTERED OFFICE:

c/o DoEs Liverpool

The Tapestry, 68-76 Kempston Street

Liverpool

L3 8HL

REGISTERED NUMBER:

10953142 (England and Wales)

ACCOUNTANTS:

Cobham Murphy

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Investments

4

2

2

Investment property

5

950,000

950,000

950,002

950,002

CURRENT ASSETS

Debtors

6

109,511

97,034

Cash at bank

26

67

109,537

97,101

CREDITORS

Amounts falling due within one year

7

300,900

285,046

NET CURRENT LIABILITIES

(191,363

)

(187,945

)

TOTAL ASSETS LESS CURRENT LIABILITIES

758,639

762,057

CREDITORS

Amounts falling due after more than one year

8

(632,086

)

(638,279

)

PROVISIONS FOR LIABILITIES

(57,618

)

(57,618

)

NET ASSETS

68,935

66,160

CAPITAL AND RESERVES

Called up share capital

102

102

Fair value reserve

10

172,854

172,854

Retained earnings

(104,021

)

(106,796

)

68,935

66,160

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.

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 24 October 2025 and were signed on its behalf by:

T R Muir - Director

1.	STATUTORY INFORMATION

Seven Clarendon 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover

Turnover is measured at the fair value of the rents received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when the rent is received.

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.

Financial instruments

Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 October 2023

and 30 September 2024

2

NET BOOK VALUE

At 30 September 2024

2

At 30 September 2023

2

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2023

and 30 September 2024

950,000

NET BOOK VALUE

At 30 September 2024

950,000

At 30 September 2023

950,000

The properties have been revalued in the year based on market value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

29,826

22,675

Amounts owed by group undertakings

73,696

73,696

Amounts owed by associates

5,326

-

Other debtors

663

663

109,511

97,034

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade creditors

48,245

25,752

Amounts owed to associates

680

11,232

Other creditors

251,975

248,062

300,900

285,046

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

£

Bank loans

600,429

600,224

Other creditors

31,657

38,055

632,086

638,279

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

600,429

600,224

Other loans more 5yrs instal

-

5,895

600,429

606,119

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.24

30.9.23

£

£

Bank loans

600,429

600,224

10.

RESERVES

Fair

value

reserve

£

At 1 October 2023

and 30 September 2024

172,854

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Mr T Muir and Mr R Govan, the directors, operate a current account to which transactions of a private nature are charged. Included in other creditors as at 30th September 2024 is £20,865 (2023 £21,605) owed to Mr T Muir and £203,938 (2023 £203,678) owed to Mr R Govan. The loans are interest free and repayable on demand.