The Clovelly Estate Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00236210 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

THE CLOVELLY ESTATE COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

The Hon J Rous

Sir Adam Ridley

J A E Rous

M Rous

SECRETARY:

The Hon J Rous

REGISTERED OFFICE:

The Estate Office

Clovelly

Bideford

Devon

EX39 5SY

REGISTERED NUMBER:

00236210 (England and Wales)

ACCOUNTANTS:

William Evans & Partners

20 Harcourt Street

London

W1H 4HG

FIXED ASSETS

Tangible assets

4

589,088

595,670

CURRENT ASSETS

Stocks

44,783

44,359

Debtors

5

979,444

831,010

Investments

6

3,556,054

3,328,253

Cash at bank

267,529

262,174

4,847,810

4,465,796

CREDITORS

Amounts falling due within one year

7

(550,744

)

(587,360

)

NET CURRENT ASSETS

4,297,066

3,878,436

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,886,154

4,474,106

PROVISIONS FOR LIABILITIES

(290,000

)

(188,000

)

NET ASSETS

4,596,154

4,286,106

CAPITAL AND RESERVES

Called up share capital

8

1,000

Other reserves

9

71,765

Retained earnings

9

4,523,389

4,213,341

SHAREHOLDERS' FUNDS

4,596,154

4,286,106

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 4 February 2026 and were signed on its behalf by:

The Hon J Rous - Director

1.	STATUTORY INFORMATION

The Clovelly Estate Company 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

in accordance with the property

Plant and machinery etc

-

25% on reducing balance and Straight line over 5 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Current asset investments: listed investments

Current asset listed investments are shown at valuation at the year end date, with any losses or gains on revaluation or sale being shown as part of the company's profit for the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 61 (2024 - 59 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2025

1,371,391

1,477,023

2,848,414

Additions

27,868

9,454

37,322

Reversal of impairments

-

3,116

At 31 December 2025

1,399,259

1,489,593

2,888,852

DEPRECIATION

At 1 January 2025

900,989

1,351,755

2,252,744

Charge for year

15,284

31,736

47,020

At 31 December 2025

916,273

1,383,491

2,299,764

NET BOOK VALUE

At 31 December 2025

482,986

106,102

589,088

At 31 December 2024

470,402

125,268

595,670

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

102,422

66,077

Other debtors

877,022

764,933

979,444

831,010

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

Listed investments

3,556,054

3,328,253

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

99,531

159,084

Taxation and social security

86,510

95,699

Other creditors

364,703

332,577

550,744

587,360

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1,000

Ordinary shares

£1

1,000

9.

RESERVES

Retained

Other

earnings

reserves

Totals

£

At 1 January 2025

4,213,341

71,765

4,285,106

Profit for the year

310,048

At 31 December 2025

4,523,389

71,765

4,595,154

10.	ULTIMATE CONTROLLING PARTY

Sir Adam Ridley, M.A. Alden and J.A.E Rous, as trustees of the Clovelly 2021 Discretionary Settlement, are the ultimate controlling parties of the company.