Clifton Park Developments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08802576

Clifton Park Developments Limited

Filleted Unaudited Financial Statements

31 March 2025

Clifton Park Developments Limited

Financial Statements

Year ended 31 March 2025

Contents	Pages

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 6

Clifton Park Developments Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Clifton Park Developments Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clifton Park Developments Limited for the year ended 31 March 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Clifton Park Developments Limited, as a body, in accordance with the terms of our engagement letter dated 15 March 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Clifton Park Developments Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clifton Park Developments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Clifton Park Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Clifton Park Developments Limited. You consider that Clifton Park Developments Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Clifton Park Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HEBBLETHWAITES Chartered Accountants

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

22 December 2025

Clifton Park Developments Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	430,000	430,000

Current assets

Debtors	5	148,134	158,455
Cash at bank and in hand		6,210	999
		---------	---------
		154,344	159,454

Creditors: amounts falling due within one year	6	152,883	154,962
		---------	---------
Net current assets		1,461	4,492
		---------	---------
Total assets less current liabilities		431,461	434,492

Creditors: amounts falling due after more than one year	7	384,554	384,554
		---------	---------
Net assets		46,907	49,938
		---------	---------

Clifton Park Developments Limited

Statement of Financial Position (continued)

31 March 2025

	2025	2024
Note	£	£

Capital and reserves

Called up share capital	100	100
Fair value reserve	174,152	174,152
Profit and loss account	( 127,345)	( 124,314)
	---------	---------
Shareholders funds	46,907	49,938
	---------	---------

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 22 December 2025 , and are signed on behalf of the board by:

Mr G A Clark

Director

Company registration number: 08802576

Clifton Park Developments 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 Unit 2 Westbrook Court, Sharrow Vale Road, Sheffield, South Yorkshire S11 8YZ. The place of business is Elldan Grove, Mill Lane, Brailsford, Ashbourne, Derbyshire, DE6 3BB.

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

The turnover shown in the profit and loss account represents amounts receivable, after discounts and VAT, in respect of rental income, property sales and related fees.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Investment property

Investment properties are 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 within 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 reasonably measurable of an ongoing basis.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Tangible assets

	Land and buildings
	£
Cost
At 1 April 2024 and 31 March 2025	430,000
	---------
Depreciation
At 1 April 2024 and 31 March 2025	–
	---------
Carrying amount
At 31 March 2025	430,000
	---------
At 31 March 2024	430,000
	---------

The investment properties are accounted for at their fair value as determined by the directors at each reporting date.

5. Debtors

	2025	2024
	£	£
Other debtors	148,134	158,455
	---------	---------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	47,876	47,876
Other creditors	105,007	107,086
	---------	---------
	152,883	154,962
	---------	---------

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

	2025	2024
	£	£
Bank loans and overdrafts	229,554	229,554
Other creditors	155,000	155,000
	---------	---------
	384,554	384,554
	---------	---------

Bank borrowings of £229,554 (2024: £229,554) is in respect of interest only lending secured on the investment properties.

8. Directors' advances, credits and guarantees

Included in creditors are directors loans of £92,847 (2024: £92,847). The loans are interest free and there are no formal repayment terms.

9. Related party transactions

Included in debtors is an intercompany loan account with Sure2B Limited of £148,134 (2024: £158,134).