Clarendon Financial Planning Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 07451639 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

CLARENDON FINANCIAL PLANNING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Sir F W J Hervey-Bathurst

REGISTERED OFFICE:

The Coach House

Somborne Park

Near Stockbridge

Hampshire

SO20 6QT

REGISTERED NUMBER:

07451639 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

199,161

231,379

CURRENT ASSETS

Debtors

5

73,267

65,217

Investments

6

1,219,281

1,232,802

Cash at bank and in hand

287,083

423,963

1,579,631

1,721,982

CREDITORS

Amounts falling due within one year

7

1,211,020

645,383

NET CURRENT ASSETS

368,611

1,076,599

TOTAL ASSETS LESS CURRENT LIABILITIES

567,772

1,307,978

CREDITORS

Amounts falling due after more than one year

8

(69,358

)

(80,928

)

PROVISIONS FOR LIABILITIES

(53,233

)

(42,846

)

NET ASSETS

445,181

1,184,204

CAPITAL AND RESERVES

Called up share capital

100

100

Merger reserve

7,400

7,400

Retained earnings

437,681

1,176,704

445,181

1,184,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 July 2023 and were signed by:

Sir F W J Hervey-Bathurst - Director

1.	STATUTORY INFORMATION

Clarendon Financial Planning Limited is a private company, limited by shares , registered in England and Wales. 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.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 10% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

352,012

Additions

8,212

Disposals

(2,528

)

At 31 March 2023

357,696

DEPRECIATION

At 1 April 2022

120,633

Charge for year

40,430

Eliminated on disposal

(2,528

)

At 31 March 2023

158,535

NET BOOK VALUE

At 31 March 2023

199,161

At 31 March 2022

231,379

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

32,402

29,874

Other debtors

40,865

35,343

73,267

65,217

6.	CURRENT ASSET INVESTMENTS

31.3.23

31.3.22

£

£

Listed investments

1,219,281

1,232,802

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Hire purchase contracts

11,570

11,570

Trade creditors

17,953

11,986

Taxation and social security

192,339

217,752

Other creditors

989,158

404,075

1,211,020

645,383

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Hire purchase contracts

69,358

80,928