REGISTERED NUMBER: 06011344 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CLIFTON & CO (ESTATE AGENTS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C.W. Button

Mrs L K Ede

Ms S Sheehan

SECRETARY:

Mrs L K Ede

REGISTERED OFFICE:

2 High Street

Dartford

Kent

DA1 1BY

REGISTERED NUMBER:

06011344 (England and Wales)

ACCOUNTANTS:

Carleys

Second Floor South

The Fitted Rigging House

The Historic Dockyard

Chatham

Kent

ME4 4TZ

FIXED ASSETS

Intangible assets

4

93,300

125,700

Tangible assets

5

34,531

67,922

Investments

6

19,500

23,563

147,331

217,185

CURRENT ASSETS

Debtors

7

64,099

47,749

Cash at bank

20,863

35,844

84,962

83,593

CREDITORS

Amounts falling due within one year

8

(374,981

)

(327,110

)

NET CURRENT LIABILITIES

(290,019

)

(243,517

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(142,688

)

(26,332

)

CREDITORS

Amounts falling due after more than one year

9

(4,218

)

(32,914

)

NET LIABILITIES

(146,906

)

(59,246

)

CAPITAL AND RESERVES

Called up share capital

12

200,100

200,100

Retained earnings

(347,006

)

(259,346

)

SHAREHOLDERS' FUNDS

(146,906

)

(59,246

)

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 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 29 May 2026 and were signed on its behalf by:

C.W. Button - Director

1.	STATUTORY INFORMATION

Clifton & Co (Estate Agents) 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

Residential sales income is recognised on the exchange of contracts. Letting fee income due to the company is recognised at the point the letting fees are paid.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and Straight line over 3 years

Investments in subsidiaries

Investments in subsidiaries are valued at cost less impairment.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

Although the company was in an overdrawn position at the balance sheet date, the directors believe that the company has adequate financial support and resources to continue trading for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

460,500

AMORTISATION

At 1 January 2024

334,800

Charge for year

32,400

At 31 December 2024

367,200

NET BOOK VALUE

At 31 December 2024

93,300

At 31 December 2023

125,700

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

15,911

183,737

199,648

Disposals

-

(54,775

)

(54,775

)

At 31 December 2024

15,911

128,962

144,873

DEPRECIATION

At 1 January 2024

4,773

126,953

131,726

Charge for year

1,591

8,159

9,750

Eliminated on disposal

-

(31,134

)

(31,134

)

At 31 December 2024

6,364

103,978

110,342

NET BOOK VALUE

At 31 December 2024

9,547

24,984

34,531

At 31 December 2023

11,138

56,784

67,922

6.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

19,600

3,963

23,563

Disposals

(100

)

(3,963

)

(4,063

)

At 31 December 2024

19,500

-

19,500

NET BOOK VALUE

At 31 December 2024

19,500

-

19,500

At 31 December 2023

19,600

3,963

23,563

Cost or valuation at 31 December 2024 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2018

-

(1,337

)

(1,337

)

Valuation in 2019

-

(336

)

(336

)

Valuation in 2020

-

946

946

Valuation in 2021

-

27

27

Valuation in 2022

-

(1,100

)

(1,100

)

Valuation in 2023

-

782

782

Valuation in 2024

(100

)

(3,963

)

(4,063

)

Cost

19,600

4,981

24,581

19,500

-

19,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

17,105

13,409

Other debtors

46,994

34,340

64,099

47,749

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

63,244

9,823

Finance leases (see note 10)

-

7,201

Trade creditors

53,076

37,227

Amounts owed to group undertakings

104,465

127,009

Taxation and social security

46,907

36,089

Other creditors

107,289

109,761

374,981

327,110

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,218

14,343

Finance leases (see note 10)

-

18,571

4,218

32,914

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

2024

2023

£

£

Net obligations repayable:

Within one year

-

7,201

Between one and five years

-

18,571

-

25,772

Non-cancellable

operating leases

2024

2023

£

£

Within one year

14,000

14,000

Between one and five years

11,772

25,667

25,772

39,667

11.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdraft

53,298

-

Bank loans

14,164

24,166

Finance leases

-

25,772

67,462

49,938

The company's bank overdraft facility is secured by the personal guarantee of one of the directors.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

200,100

Ordinary

£1

200,100

200,100