Clarks Courtyard Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 06523209 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

CLARKS COURTYARD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R G H Wallace

J A Wallace

A G H Wallace

S A H Wallace

SECRETARY:

R G H Wallace

REGISTERED OFFICE:

Pond House

Ham Lane

Powick

Worcester

Worcestershire

WR2 4RD

REGISTERED NUMBER:

06523209 (England and Wales)

ACCOUNTANTS:

Gibson Whitter

Chartered Accountants

and Chartered Tax Advisers

Larch House

Parklands Business Park

Denmead

Hampshire

PO7 6XP

FIXED ASSETS

Tangible assets

4

37,652

40,164

CURRENT ASSETS

Debtors

5

3,957

4,796

Cash at bank

77,304

66,675

81,261

71,471

CREDITORS

Amounts falling due within one year

6

16,283

17,776

NET CURRENT ASSETS

64,978

53,695

TOTAL ASSETS LESS CURRENT LIABILITIES

102,630

93,859

PROVISIONS FOR LIABILITIES

7

4,998

-

NET ASSETS

97,632

93,859

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

97,628

93,855

SHAREHOLDERS' FUNDS

97,632

93,859

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 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 and authorised for issue by the Board of Directors and authorised for issue on 26 July 2023 and were signed on its behalf by:

R G H Wallace - Director

1.	STATUTORY INFORMATION

Clarks Courtyard 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 represents rental income in respect of property leased by the company. Rental income is recognised when the company obtains the right to consideration under the contractual agreement with the tenant.

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

-

10% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

154,367

Additions

6,166

At 31 March 2023

160,533

DEPRECIATION

At 1 April 2022

114,203

Charge for year

8,678

At 31 March 2023

122,881

NET BOOK VALUE

At 31 March 2023

37,652

At 31 March 2022

40,164

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Other debtors

3,957

4,796

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Taxation and social security

9,850

8,040

Other creditors

6,433

9,736

16,283

17,776

7.	PROVISIONS FOR LIABILITIES

31.3.23

31.3.22

£

£

Deferred tax

4,998

-

Deferred

tax

£

Provided during year

4,998

Balance at 31 March 2023

4,998

8.	RELATED PARTY DISCLOSURES

The aggregate amount owed by the directors at the balance sheet date is £Nil (31.3.22: £280).

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party during the year as no one individual has a greater than 50% shareholding.