Cleobury Estates Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03967285

CLEOBURY ESTATES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2025

CLEOBURY ESTATES LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed Assets

Tangible assets	5		1,770,473		1,771,896

Current Assets

Stocks		877,300	877,300
Debtors	6	76,383	43,703
Cash at bank and in hand		7,262	4,800
		-----------	-----------
		960,945	925,803

Creditors: amounts falling due within one year	7	45,306		11,428
		-----------		-----------
Net Current Assets			915,639		914,375
			--------------		--------------
Total Assets Less Current Liabilities			2,686,112		2,686,271

Creditors: amounts falling due after more than one year	8		1,257,168		1,257,168

Provisions

Taxation including deferred tax	301,423	301,423
	--------------	--------------
Net Assets	1,127,521	1,127,680
	--------------	--------------

CLEOBURY ESTATES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

	2025		2024
Note	£	£	£	£

Capital and Reserves

Called up share capital	1,000	1,000
Revaluation reserve	1,104,215	1,104,215
Profit and loss account	22,306	22,465
	--------------	--------------
Shareholders Funds	1,127,521	1,127,680
	--------------	--------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 26 November 2025 , and are signed on behalf of the board by:

Mrs A Naylor

Director

Company registration number: 03967285

CLEOBURY ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 17 The Fields, Washingborough, Lincoln, LN4 1FY.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for construction services rendered, stated net of discounts and of Value Added Tax, and also rental income receivable on let properties.

Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and equipment	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Investment Property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks

Stocks represent development properties held for resale. Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

4. Employee Numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible Assets

	Land and buildings	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	1,764,900	1,260	14,495	1,780,655
Disposals	–	( 430)	–	( 430)
	--------------	--------	---------	--------------
At 31 March 2025	1,764,900	830	14,495	1,780,225
	--------------	--------	---------	--------------
Depreciation
At 1 April 2024	–	1,149	7,610	8,759
Charge for the year	–	22	1,377	1,399
Disposals	–	( 406)	–	( 406)
	--------------	--------	---------	--------------
At 31 March 2025	–	765	8,987	9,752
	--------------	--------	---------	--------------
Carrying amount
At 31 March 2025	1,764,900	65	5,508	1,770,473
	--------------	--------	---------	--------------
At 31 March 2024	1,764,900	111	6,885	1,771,896
	--------------	--------	---------	--------------

Land and buildings are investment properties which have been valued during the year at fair value by the directors on the basis of market values and expected yields.

6. Debtors

	2025	2024
	£	£
Trade debtors	18,007	3,292
Other debtors	58,376	40,411
	---------	---------
	76,383	43,703
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	7,042	2,951
Social security and other taxes	4,979	5,153
Other creditors	33,285	3,324
	---------	---------
	45,306	11,428
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,257,168	1,257,168
	--------------	--------------

Bank borrowing is secured against the investment property within fixed assets and is repayable after five years, not by installments, at an interest rate which varies in accordance with the base rate.