REGISTERED NUMBER: 06385219 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CLIFTON & CO (HARTLEY) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C.W. Button

Ms S Sheehan

SECRETARY:

Mrs L K Ede

REGISTERED OFFICE:

2 High Street

Dartford

Kent

DA1 1BY

REGISTERED NUMBER:

06385219 (England and Wales)

ACCOUNTANTS:

Carleys

Second Floor South

The Fitted Rigging House

The Historic Dockyard

Chatham

Kent

ME4 4TZ

FIXED ASSETS

Tangible assets

4

56,321

9,032

Investments

5

-

1,982

56,321

11,014

CURRENT ASSETS

Debtors

6

191,792

211,140

CREDITORS

Amounts falling due within one year

7

(163,037

)

(83,461

)

NET CURRENT ASSETS

28,755

127,679

TOTAL ASSETS LESS CURRENT LIABILITIES

85,076

138,693

CREDITORS

Amounts falling due after more than one year

8

(48,309

)

(14,343

)

NET ASSETS

36,767

124,350

CAPITAL AND RESERVES

Called up share capital

10

30,000

30,000

Retained earnings

6,767

94,350

SHAREHOLDERS' FUNDS

36,767

124,350

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 (Hartley) 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.

Tangible fixed assets

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

Land and buildings

-

10% on cost

Plant and machinery etc

-

20% on reducing balance and 15% on reducing balance

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.

Investments

Investments consist of listed investments, valued at market value.

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 6 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

11,592

83,110

94,702

Additions

-

65,546

65,546

Disposals

-

(5,702

)

(5,702

)

At 31 December 2024

11,592

142,954

154,546

DEPRECIATION

At 1 January 2024

11,592

74,078

85,670

Charge for year

-

17,660

17,660

Eliminated on disposal

-

(5,105

)

(5,105

)

At 31 December 2024

11,592

86,633

98,225

NET BOOK VALUE

At 31 December 2024

-

56,321

56,321

At 31 December 2023

-

9,032

9,032

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

1,982

Disposals

(1,982

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

1,982

Cost or valuation at 31 December 2024 is represented by:

Other

investments

£

Valuation in 2018

(1,337

)

Valuation in 2019

(336

)

Valuation in 2020

946

Valuation in 2021

27

Valuation in 2022

(1,100

)

Valuation in 2023

782

Valuation in 2024

1,018

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

19,793

Amounts owed by group undertakings

105,998

134,604

Other debtors

85,794

56,743

191,792

211,140

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

44,751

19,557

Finance leases (see note 9)

8,891

-

Trade creditors

43,356

12,209

Taxation and social security

11,779

6,707

Other creditors

54,260

44,988

163,037

83,461

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,219

14,343

Finance leases (see note 9)

44,090

-

48,309

14,343

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

2024

2023

£

£

Net obligations repayable:

Within one year

8,891

-

Between one and five years

44,090

-

52,981

-

Non-cancellable

operating leases

2024

2023

£

£

Within one year

-

24,500

Between one and five years

-

56,458

-

80,958

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

19,500

Ordinary 'A'

£1

19,500

19,500

10,500

Ordinary 'B'

£1

10,500

10,500

30,000

30,000

11.	PARENT UNDERTAKING

The company's parent undertaking is Clifton & Co (Estate Agents) Limited, a company incorporated in England and Wales.