Clifford Enterprises Limited - Filleted accounts


CLIFFORD ENTERPRISES LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2026



































Company Registration Number: 00278549

CLIFFORD ENTERPRISES LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 8

CLIFFORD ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2026


DIRECTORS

J S S Bosley
Mrs K A Willis
Mrs J E Warnick


SECRETARY

J S S Bosley


REGISTERED OFFICE

The Manor House
Earnley
Chichester
West Sussex
PO20 7JL


COMPANY REGISTRATION NUMBER

00278549 England and Wales

CLIFFORD ENTERPRISES LIMITED

BALANCE SHEET
AS AT 31 MARCH 2026


	Notes	2026		2025
		£		£

FIXED ASSETS
Investments	5		2,585,700		2,885,000

CURRENT ASSETS
Debtors	6	20,300		17,198
Cash at bank and in hand		313,183		1,607


		333,483		18,805

CREDITORS: Amounts falling due within one year	7	90,683		75,065
CREDITORS: Amounts falling due within one year


NET CURRENT ASSETS / (LIABILITIES)			242,800		(56,260)


TOTAL ASSETS LESS CURRENT LIABILITIES			2,828,500		2,828,740

Provisions for liabilities and charges			481,159		520,396


NET ASSETS			2,347,341		2,308,344


CAPITAL AND RESERVES
Called up share capital			24,750		24,750
Distributable profit and loss account			693,849		518,591
Non distributable profit and loss account			1,607,492		1,743,753
Capital redemption reserve			21,250		21,250


SHAREHOLDERS' FUNDS			2,347,341		2,308,344

CLIFFORD ENTERPRISES LIMITED

BALANCE SHEET
AS AT 31 MARCH 2026


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

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

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board of directors




J S S Bosley
Director

Date approved by the board: 11 August 2026

CLIFFORD ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


1	GENERAL INFORMATION

	Clifford Enterprises Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	The Manor House
	Earnley
	Chichester
	West Sussex
	PO20 7JL

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of rental income as soon as there is a right to consideration. Turnover is stated net of trade discounts.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.


	Investment properties

	Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.

	Subsequently, investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss account in the period in which they arise.

CLIFFORD ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Financial Instruments

	A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.


	Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

CLIFFORD ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.

	Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

	Deferred tax relating to land and investment properties that is measured at fair value is measured using the tax rates and allowances that apply to the sale of the asset.


	Current and deferred tax assets and liabilities are not discounted.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	The directors have made key assumptions in determination of the fair value of its investment properties in respect of the state of the property market in the location where the properties are situated and in respect of the range of reasonable fair value estimates of these assets.

4	EMPLOYEES

	The average number of persons employed by the company (including directors) during the year was:

		2026	2025
	Average number of employees	3	3

CLIFFORD ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


5	FIXED ASSET INVESTMENTS
			Investment properties
				£
	Cost
	At 1 April 2025			2,885,000

	Revaluation			(19,300)

	Disposals			(280,000)


	At 31 March 2026			2,585,700


	Net book value
	At 1 April 2025			2,885,000


	At 31 March 2026			2,585,700


	In the opinion of the directors, all investment properties have been stated at fair value.

6	DEBTORS
		2026		2025
		£		£
	Prepayments and accrued income	3,600		-
	Other debtors	16,700		17,198


		20,300		17,198


7	CREDITORS: Amounts falling due within one year
		2026		2025
		£		£
	Taxation and social security	12,472		-
	Accruals and deferred income	4,300		4,300
	Other creditors	73,911		70,765


		90,683		75,065

CLIFFORD ENTERPRISES LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026


8	RELATED PARTY TRANSACTIONS

	During the year, the following transactions with related parties took place:

	Mrs M E Mitchell and K A W Trust
	Connected undertaking		2026	2025
			£	£
	Advances to company	The Trust has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the Trust the following amount:	65,000	65,000


	J S S Bosley
	Director and shareholder		2026	2025
			£	£
	Management fees	The director was paid management fees by the company during the year as follows:	12,600	12,000