Company No: 04656063 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	G Somogyi
	T D Somogyi

REGISTERED OFFICE	10 Broadfield Way
	Buckhurst Hill
	IG9 5AG
	United Kingdom

COMPANY NUMBER

04656063 (England and Wales)

ACCOUNTANT	Gravita Essex Limited
	Kings House
	101-135 Kings Road
	Brentwood
	Essex
	CM14 4DR
	United Kingdom

	Note	2026		2025
		£		£
Fixed assets
Investment property	3	10,342,262		10,879,000
		10,342,262		10,879,000
Current assets
Debtors	4	3,529,599		3,220,922
Cash at bank and in hand		312,102		78,487
		3,841,701		3,299,409
Creditors: amounts falling due within one year	5	( 6,464,560)		( 6,396,145)
Net current liabilities		(2,622,859)		(3,096,736)
Total assets less current liabilities		7,719,403		7,782,264
Provision for liabilities		( 155,492)		( 344,520)
Net assets		7,563,911		7,437,744
Capital and reserves
Called-up share capital		100		1
Fair value reserve		1,060,931		1,415,853
Profit and loss account		6,502,880		6,021,890
Total shareholders' funds		7,563,911		7,437,744

For the financial year ending 28 February 2026 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 financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Cloverton Property Ltd (registered number: 04656063) were approved and authorised for issue by the Board of Directors on 06 July 2026. They were signed on its behalf by:

T D Somogyi Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cloverton Property Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 10 Broadfield Way, Buckhurst Hill, IG9 5AG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents total rental income relating to the year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Investment property

	Investment property
	£
Valuation
As at 01 March 2025	10,879,000
Additions	7,212
Fair value movement	(543,950)
As at 28 February 2026	10,342,262

Investment property was valued on fair value basis on 28 February 2026 by the directors.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2026		2025
	£		£
Historic cost	9,125,838		9,118,626

4. Debtors

	2026		2025
	£		£
Trade debtors	19,009		9,953
Amounts owed by related parties	3,506,914		3,206,068
Other debtors	3,676		4,901
	3,529,599		3,220,922

5. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	1,709		7,210
Amounts owed to related parties	2,015,921		1,938,067
Taxation and social security	71,535		134,006
Other creditors	4,375,395		4,316,862
	6,464,560		6,396,145