Clist and Rattle Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00453478

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

CLIST AND RATTLE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Clist

Mrs M M Clist

SECRETARY:

REGISTERED OFFICE:

92 Nore Road

Portishead

Bristol

BS20 8DX

REGISTERED NUMBER:

00453478

ACCOUNTANTS:

Douglas Crook Accountancy Services

92 Nore Road

Portishead

Bristol

North Somerset

BS20 8DX

FIXED ASSETS

Tangible assets

4

674,935

CURRENT ASSETS

Cash at bank

27,898

15,378

CREDITORS

Amounts falling due within one year

5

53,139

72,351

NET CURRENT LIABILITIES

(25,241

)

(56,973

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

649,694

617,962

PROVISIONS FOR LIABILITIES

12,481

NET ASSETS

637,213

605,481

CAPITAL AND RESERVES

Called up share capital

18,000

Revaluation reserve

6

313,155

Retained earnings

306,058

274,326

SHAREHOLDERS' FUNDS

637,213

605,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 22 March 2022 and were signed on its behalf by:

P Clist - Director

1.	STATUTORY INFORMATION

Clist and Rattle Limited is a private company, limited by shares , registered in Not specified/Other. 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

Freehold property - 2% on revalued amount

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 January 2021

and 31 December 2021

715,559

DEPRECIATION

At 1 January 2021

and 31 December 2021

40,624

NET BOOK VALUE

At 31 December 2021

674,935

At 31 December 2020

674,935

Included in cost or valuation of land and buildings is freehold land of £ 715,559 (2020 - £ 715,559 ) which is not depreciated.

Cost or valuation at 31 December 2021 is represented by:

Land and

buildings

£

Valuation in 2008

715,559

If land and buildings had not been revalued they would have been included at the following historical cost:

2021

2020

£

Cost

461,636

Aggregate depreciation

40,624

Value of land in freehold land and buildings

421,012

Freehold land and buildings were valued on an open market value basis on 14 August 2008 by Lambert Smith Hampton, Bristol .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

Trade creditors

64

Taxation and social security

14,406

5,873

Other creditors

38,669

66,414

53,139

72,351

6.

RESERVES

Revaluation

reserve

£

At 1 January 2021

and 31 December 2021

313,155

Clist and Rattle Limited - Accounts to registrar (filleted) - small 18.2

Clist and Rattle Limited - Accounts to registrar (filleted) - small 18.2