Company Registration No. 07917599 (England and Wales)
Clifford William Limited
Unaudited accounts
for the year ended 31 March 2026
Clifford William Limited
Statement of financial position
as at 31 March 2026
Investment property
2,461,650
2,308,650
Cash at bank and in hand
11,402
18,559
Creditors: amounts falling due within one year
(15,419)
(181,705)
Net current liabilities
(1,013)
(158,929)
Total assets less current liabilities
2,460,666
2,149,760
Creditors: amounts falling due after more than one year
(1,949,538)
(1,581,501)
Provisions for liabilities
Deferred tax
(124,411)
(124,074)
Net assets
386,717
444,185
Called up share capital
100
100
Profit and loss account
386,617
444,085
Shareholders' funds
386,717
444,185
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2026 and were signed on its behalf by
Mr Daniel J Jackson
Director
Company Registration No. 07917599
Clifford William Limited
Notes to the Accounts
for the year ended 31 March 2026
Clifford William Limited is a private company, limited by shares, registered in England and Wales, registration number 07917599. The registered office is First Floor Offices, 25 Sanders Road, Finedon Road Industrial Estate, Wellingborough, Northamptonshire, NN8 4NL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value of gross rent due to the company for the financial year.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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 accounts. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Clifford William Limited
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Computer equipment
Fair value at 1 April 2025
2,308,650
Net gain from fair value adjustments
1,777
At 31 March 2026
2,461,650
The fair value of investment property was determined by official property valuations and the company directors. The historic cost of these properties totalled £1,806,853 (2025 £1,655,630).
Amounts falling due within one year
Accrued income and prepayments
3,004
4,217
7
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
-
168,600
Loans from directors
11,764
9,819
Deferred income
3,025
2,656
Clifford William Limited
Notes to the Accounts
for the year ended 31 March 2026
8
Creditors: amounts falling due after more than one year
2026
2025
Bank loans
1,463,223
1,138,646
Loans from directors
355,406
353,426
Aggregate of amounts that fall due for payment after five years
-
248,441
Bank loans included above of £1,463,223 (2025 £1,135,644) are secured against the investment properties.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 2 (2025: 2).