ACCOUNTS - Final Accounts preparation

Company registration number: 12497316

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	CLAYFIELD ESTATES LIMITED


CLAYFIELD ESTATES LIMITED

COMPANY INFORMATION

Directors	R A Potyka
	T R Potyka


Registered number	12497316


Registered office	Clayfield House
	Whitepit Lane
	Wooburn Green
	High Wycombe
	HP10 0HR


Accountants	Menzies LLP
	Chartered Accountants
	Magna House
	18-32 London Road
	Staines-Upon-Thames
	TW18 4BP


CLAYFIELD ESTATES LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 5


CLAYFIELD ESTATES LIMITED REGISTERED NUMBER:12497316

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		4,429		5,906
			4,429		5,906
Current assets
Stocks		2,521,648		2,339,167
Debtors: amounts falling due within one year	5	-		5,433
Bank and cash balances		257		2,123
		2,521,905		2,346,723
Creditors: amounts falling due within one year	6	(2,772,950)		(2,660,401)
Net current liabilities			(251,045)		(313,678)
Total assets less current liabilities			(246,616)		(307,772)

Net liabilities			(246,616)		(307,772)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(246,716)	(307,872)
	(246,616)	(307,772)

Page 1


CLAYFIELD ESTATES LIMITED REGISTERED NUMBER:12497316

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

R A Potyka

Director

Date: 4 December 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2


CLAYFIELD ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Clayfield Estates 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

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

At the balance sheet date of 31 March 2025 the company shows a deficiency of total assets over total liabilities of £246,616 (2024: £307,772). Due to the ongoing support of the directors, and expectation regarding future trading performance, the company expects to meet its liabilities as they fall due, the company has prepared its financial statements on a going concern basis.

2.3

Revenue

Revenue is generated through the sale of development properties. Incidental rental income is also obtained from the development properties which are awaiting sales. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles

25%

reducing-balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3


CLAYFIELD ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

4.	Tangible fixed assets

		Motor vehicles
		£
	Cost or valuation
	At 1 April 2024	10,500
	At 31 March 2025	10,500
	Depreciation
	At 1 April 2024	4,594
	Charge for the year on owned assets	1,477
	At 31 March 2025	6,071
	Net book value
	At 31 March 2025	4,429
	At 31 March 2024	5,906

Page 4


CLAYFIELD ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Other debtors	-	5,433
	-	5,433

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Amounts owed to associates	2,722,625	2,547,996
Accruals and deferred income	50,325	112,405
	2,772,950	2,660,401

7.	Guarantees and other financial commitments

The company benefited from a loan facility obtained by its associated company, RAP Building & Developments Ltd, from Secure Trust Bank PLC, which was used to finance the acquisition of the property held by the company.
The loan is secured by a legal charge over the development properties owned by the company included within stock. The company has not provided a guarantee for the loan but acknowledges the benefit received.

Page 5