REGISTERED NUMBER: 12213277 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CLANDON PROPERTY HOLDINGS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Y Zekaria

REGISTERED OFFICE:

55 Loudoun Road

St. John's Wood

London

NW8 0DL

REGISTERED NUMBER:

12213277 (England and Wales)

ACCOUNTANTS:

MGR Weston Kay LLP

55 Loudoun Road

St John's Wood

London

NW8 0DL

CURRENT ASSETS

Stocks

8,949,515

8,879,289

Debtors

4

2,422,977

2,418,744

Cash at bank

25,959

16,816

11,398,451

11,314,849

CREDITORS

Amounts falling due within one year

5

(4,587,704

)

(4,546,289

)

NET CURRENT ASSETS

6,810,747

6,768,560

TOTAL ASSETS LESS CURRENT LIABILITIES

6,810,747

6,768,560

CREDITORS

Amounts falling due after more than one year

6

(6,916,662

)

(6,804,969

)

NET LIABILITIES

(105,915

)

(36,409

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(106,015

)

(36,509

)

SHAREHOLDERS' FUNDS

(105,915

)

(36,409

)

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 director acknowledges his 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 director and authorised for issue on 30 October 2025 and were signed by:

Y Zekaria - Director

1.	STATUTORY INFORMATION

Clandon Property Holdings 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.

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

amounts in these financial statements are rounded to the nearest £.

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.

Going concern

During the year ended 31 December 2024, the company made a loss of £69,506 (period ended 31 December 2023: profit after tax £9,736) and had net liabilities of £105,915 (period ended 31 December 2023: net liabilities £36,409).

The company continues to meet its day to day working capital requirements through loans from related parties of £4,120,242 (period ended 31 December 2023: £4,111,286). Accordingly, the director considers it appropriate to prepare the financial statements on the going concern basis and he does not include any adjustments that would result from withdrawal of support.

Stocks

Stock includes properties in the course of construction held with the intention of selling them in the ordinary course of business. Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by related parties

2,338,739

2,330,115

Other debtors

84,238

88,629

2,422,977

2,418,744

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

35,848

-

Amounts owed to related parties

4,120,242

4,111,286

Taxation and social security

3,226

1,842

Other creditors

428,388

433,161

4,587,704

4,546,289

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans (see note 7)

6,916,662

6,804,969

The bank facilities are secured by a fixed and floating charge over the company's assets.

7.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due between one and two years:

Bank loans - 1-2 years

6,916,662

-

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

6,804,969

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary shares

£1

100

100