Clement & Michiyo Limited - Filleted accounts

Registered number

11142903

Clement & Michiyo Limited

Filleted Accounts

31 January 2026

Clement & Michiyo Limited
Registered number:		11142903
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Investments	3		482,203			482,203

Current assets
Cash at bank and in hand		3,443			1,022

Creditors: amounts falling due within one year	4	(238,752)			(238,244)

Net current liabilities			(235,309)			(237,222)

Total assets less current liabilities			246,894			244,981

Creditors: amounts falling due after more than one year	5		(279,325)			(280,287)



Net liabilities			(32,431)			(35,306)

Capital and reserves
Called up share capital			2			2
Profit and loss account			(32,433)			(35,308)

Shareholders' funds			(32,431)			(35,306)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The 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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Clement Ser
Director
Approved by the board on 30 October 2026

Clement & Michiyo Limited
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration for rent receivable, net of discounts and value added taxes. The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

	Investment Properties
	Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently, it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss. Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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 future taxable profits. Deferred tax is measured using the 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			2		0


3	Investments
Investments in
subsidiary			Investment
undertakings			properties		Total
£			£		£
	Cost
	At 1 February 2025	1		482,202		482,203

	At 31 January 2026	1		482,202		482,203

	The fair value adjustment of the investment property has been carried out by the director. The director having suitable knowledge and qualification considered the above valution to be a fair reflection of the value of the investment property as of 31 January 2026.


4	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			23,581		24,348
	Trade creditors			-		785
	Other creditors			215,171		213,111
				238,752		238,244


5	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			279,325		280,287


6	Loans			2026		2025
£					£
	Creditors include:

	Secured bank loans			302,906		304,635

	The aggregate amount of creditors for which security has been given amounted to £302,906. These amounts have been secured against the investment property of the company.


7	Other information

	Clement & Michiyo Limited is a private company limited by shares and incorporated in England. Its registered office is:
	71 Commonside West
	Mitcham
	CR4 4HB