REGISTERED NUMBER: 10322299 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2026

for

Clifton Eclectic Apartments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M J Lock

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

REGISTERED NUMBER:

10322299 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

8,350

9,922

Investment property

5

1,816,000

1,817,000

1,824,350

1,826,922

CURRENT ASSETS

Debtors

6

1,878

-

Cash at bank

9,988

7,129

11,866

7,129

CREDITORS

Amounts falling due within one year

7

1,044,514

1,028,863

NET CURRENT LIABILITIES

(1,032,648

)

(1,021,734

)

TOTAL ASSETS LESS CURRENT LIABILITIES

791,702

805,188

CREDITORS

Amounts falling due after more than one year

8

(573,811

)

(584,312

)

PROVISIONS FOR LIABILITIES

(53,785

)

(51,707

)

NET ASSETS

164,106

169,169

CAPITAL AND RESERVES

Called up share capital

10

200

200

Fair value reserve

11

163,998

167,374

Retained earnings

11

(92

)

1,595

SHAREHOLDERS' FUNDS

164,106

169,169

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 27th August 2026 and were signed by:

Mr M J Lock - Director

1.	STATUTORY INFORMATION

Clifton Eclectic Apartments Ltd 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 as modified by the revaluation of certain assets.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Cash & cash equivalents

Cash and cash equivalents consist solely of the balance held in the company's bank current account. Cash is defined as cash on hand and demand deposits, while cash equivalents are short term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value. The company does not hold any short term investments and does not operate an overdraft facility.

Critical judgements & estimation uncertainty

In the application of the Company's accounting policies, which are described in note 1, the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the financial period in which the estimate is revised if the revision affects only that financial period, or in the financial period of the revision and future financial periods if the revision affects both current and future financial periods.

Leases policy

The company had no operating lease commitments at the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st April 2025

723

21,228

305

22,256

Additions

-

1,021

172

1,193

Disposals

-

(313

)

-

(313

)

At 31st March 2026

723

21,936

477

23,136

DEPRECIATION

At 1st April 2025

450

11,694

190

12,334

Charge for year

68

2,596

50

2,714

Eliminated on disposal

-

(262

)

-

(262

)

At 31st March 2026

518

14,028

240

14,786

NET BOOK VALUE

At 31st March 2026

205

7,908

237

8,350

At 31st March 2025

273

9,534

115

9,922

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2025

1,817,000

Revaluations

(1,000

)

At 31st March 2026

1,816,000

NET BOOK VALUE

At 31st March 2026

1,816,000

At 31st March 2025

1,817,000

Fair value at 31st March 2026 is represented by:

£

Valuation in 2020

(40,612

)

Valuation in 2021

78,500

Valuation in 2022

(10,117

)

Valuation in 2023

145,425

Valuation in 2024

13,250

Valuation in 2025

30,750

Valuation in 2026

(1,000

)

Cost

1,599,804

1,816,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.26

31.3.25

£

£

Cost

1,599,804

1,599,804

Investment property was valued on an open market basis on 31st March 2026 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

1,558

-

Prepayments

320

-

1,878

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

10,515

10,117

Trade creditors

1,558

-

Directors' current accounts

1,028,589

1,017,171

Accruals and deferred income

2,196

-

Accrued expenses

1,656

1,575

1,044,514

1,028,863

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans - 1-2 years

18,793

10,515

Bank loans - 2-5 years

36,962

34,112

Bank loans more 5 yr by instal

188,005

209,641

Bank loans more 5 yrs non-inst

330,051

330,044

573,811

584,312

31.3.26

31.3.25

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

330,051

330,044

Repayable by instalments

Bank loans more 5 yr by instal

188,005

209,641

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank loans

584,326

594,429

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

100

Ordinary A

£1

100

100

Allotted and issued:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

100

Ordinary B

£1

100

100

11.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1st April 2025

1,595

167,374

168,969

Deficit for the year

(5,063

)

(5,063

)

Assets revalued in period

3,376

(3,376

)

-

At 31st March 2026

(92

)

163,998

163,906

12.	CONTINGENT LIABILITIES

There were no contingent liabilities or capital commitments at the balance sheet date.

13.	RELATED PARTY DISCLOSURES

The company has a director's loan account with Matthew Lock, who is also a controlling party of the company. The balance is unsecured, interest free and repayable on demand. No guarantees have been given in respect of this balance.

14.	EVENTS AFTER BALANCE SHEET DATE

There have been no events after the balance sheet date affecting the Company since the financial period.

15.	GOING CONCERN

The company is reliant on the support of its director and shareholders and having made appropriate enquiries, the director has considered the future cashflow of the company and is not aware of any reason why the company will not be able to meet its liabilities as they fall due for the foreseeable future. As a result the director has continued to adopt the going concern basis.

16.	FUNCTIONAL AND PRESENTATION CURRENCY

The financial statements are presented in £ sterling, which is the company's functional and presentation currency.

17.	FINANCIAL INSTRUMENTS

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.Trade debtors, other debtors, cash and bank balances are initially measured at transaction price. They are subsequently measured at amortised cost, using the effective interest method, except where amounts fall due within one year, in which case they remain at the transaction price as discounting is not required for short term balances

Where payment terms extend beyond normal business terms, or the arrangement includes a financing element, the financial asset is measured at the present value of future cash flows, discounted at a market rate of interest.

Trade creditors, loans and accruals are initially recognised at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction, in which case liabilities are measured at the present value of future payments discounted at a market rate of interest.

Financial assets measured at cost or amortised cost are assessed for impairment at the reporting date. Any impairment loss is recognised in the profit and loss account. Reversals of impairment are recognised immediately when the estimated recoverable amount increases, provided the revised carrying value does not exceed the original carrying amount had no impairment occurred.

Financial assets and financial liabilities are only offset when the company has a legally enforceable right to set off the recognised amounts and intends to settle on a net basis or to realise the asset and settle the liability simultaneously.