| Clarendon Equity Limited |
| Registered number: |
09615882 |
| Balance Sheet |
| as at 31 May 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Fixed assets |
| Investments |
2 |
|
|
311,961 |
|
|
311,961 |
|
| Current assets |
| Debtors |
3 |
|
297,400 |
|
|
286,747 |
| Cash at bank and in hand |
|
|
1,217 |
|
|
1,363 |
|
|
|
298,617 |
|
|
288,110 |
|
| Creditors: amounts falling due within one year |
4 |
|
(41,501) |
|
|
(24,391) |
|
| Net current assets |
|
|
|
257,116 |
|
|
263,719 |
|
| Total assets less current liabilities |
|
|
|
569,077 |
|
|
575,680 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(300,000) |
|
|
(300,000) |
|
|
|
| Net assets |
|
|
|
269,077 |
|
|
275,680 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
313,041 |
|
|
313,041 |
| Profit and loss account |
|
|
|
(43,964) |
|
|
(37,361) |
|
| Shareholders' funds |
|
|
|
269,077 |
|
|
275,680 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| J D Collins |
| Director |
| Approved by the board on 27 February 2019 |
|
| Clarendon Equity Limited |
| Notes to the Accounts |
| for the year ended 31 May 2018 |
|
|
| 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). |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
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. |
|
|
Preparation of consolidated financial statements |
|
The financial statements contain information about Clarendon Equity Limited as an individual company and do not contain consolidated financial information as the parent of the group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
|
| 2 |
Investments |
| Investments in |
| subsidiary |
Other |
| undertakings |
investments |
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 June 2017 |
233,981 |
|
77,980 |
|
311,961 |
|
|
At 31 May 2018 |
233,981 |
|
77,980 |
|
311,961 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 June 2017 |
233,981 |
|
77,980 |
|
At 31 May 2018 |
233,981 |
|
77,980 |
|
|
|
|
|
|
|
|
A Liquidator has been appointed on 31st Jan 2019 to liquidate the company held under 'other investments'. |
| Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
£ |
£ |
|
Linksfield Estate Limited |
Ordinary |
100 |
|
121,731 |
|
(624) |
|
Smallholdings UK Limited |
Ordinary |
100 |
|
7,374 |
|
(8,427) |
|
|
| 3 |
Debtors |
2018 |
|
2017 |
| £ |
£ |
|
|
Trade debtors |
353 |
|
- |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
297,047 |
|
286,747 |
|
|
|
|
|
|
297,400 |
|
286,747 |
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Bank loans and overdrafts |
10,000 |
|
10,000 |
|
Other creditors |
31,501 |
|
14,391 |
|
|
|
|
|
|
41,501 |
|
24,391 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Unsecured loans |
300,000 |
|
300,000 |
|
Interest on the unsecured loan will accrue at the rate of 6%. |
|
| 6 |
Related party transactions |
|
|
As at 31st May 2018, following balances are owed by the related companies. |
|
|
|
|
|
|
2018 |
|
2017 |
| £ |
£ |
|
Linksfield Estate Limited |
203,287 |
|
201,737 |
|
Smallholdings UK Limited |
93,760 |
|
85,010 |
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Clarendon Equity Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
29 Welbeck street |
|
London |
|
W1G 8DA |
