Clarke & Company 2 Limited - Accounts to registrar (filleted) - small 22.3
Clarke & Company 2 Limited - Accounts to registrar (filleted) - small 22.3
REGISTERED NUMBER: |
Financial Statements |
for the Period 1 October 2020 to 29 September 2021 |
for |
Clarke & Company 2 Limited |
Clarke & Company 2 Limited (Registered number: 12206040) |
Contents of the Financial Statements |
for the Period 1 October 2020 to 29 September 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Clarke & Company 2 Limited |
Company Information |
for the Period 1 October 2020 to 29 September 2021 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
116 Duke Street |
Liverpool |
Merseyside |
L1 5JW |
Clarke & Company 2 Limited (Registered number: 12206040) |
Balance Sheet |
29 September 2021 |
29.9.21 | 30.9.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
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 |
Clarke & Company 2 Limited (Registered number: 12206040) |
Notes to the Financial Statements |
for the Period 1 October 2020 to 29 September 2021 |
1. | STATUTORY INFORMATION |
Clarke & Company 2 Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Despite the net current liability position of the company it is still considered a going concern due to ongoing continued support from the director. |
Significant judgements and estimates |
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements. |
Turnover |
Turnover is derived from ordinary activities and is measured at the fair value of rental income received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when it is probable that future economic benefits will flow to the entity. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
Financial instruments |
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. |
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
Taxation |
Taxation for the period 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. |
Clarke & Company 2 Limited (Registered number: 12206040) |
Notes to the Financial Statements - continued |
for the Period 1 October 2020 to 29 September 2021 |
2. | ACCOUNTING POLICIES - continued |
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 period 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 period was NIL (2020 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 October 2020 |
and 29 September 2021 |
NET BOOK VALUE |
At 29 September 2021 |
At 30 September 2020 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 October 2020 |
Additions |
At 29 September 2021 |
NET BOOK VALUE |
At 29 September 2021 |
At 30 September 2020 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.9.21 | 30.9.20 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Amounts owed by associates |
Other debtors |
Clarke & Company 2 Limited (Registered number: 12206040) |
Notes to the Financial Statements - continued |
for the Period 1 October 2020 to 29 September 2021 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.9.21 | 30.9.20 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Amounts owed to associates | 101,817 | - |
Taxation and social security |
Other creditors |
8. | RELATED PARTY DISCLOSURES |
Included in debtors is £908,532 due from a subsidiary of Clarke & Company 2 Limited and £640,907 due from intercompanys. Included in creditors is £655,127 due to a subsiduary of Clarke & Company 2 Limited and £101,818 due to other intercompanys. All of which are interest free and repayable on demand. |