Clarbeston Grange Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11857785 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2022

for

Clarbeston Grange Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

W N James

REGISTERED OFFICE:

Clarbeston Grange

Clarbeston Road

HAVERFORDWEST

Pembrokeshire

SA63 4QZ

REGISTERED NUMBER:

11857785 (England and Wales)

FIXED ASSETS

Intangible assets

4

4,280

8,561

Tangible assets

5

428,694

339,758

432,974

348,319

CURRENT ASSETS

Stocks

472,580

484,148

Debtors

280,429

315,177

Cash at bank

284,630

37,223

1,037,639

836,548

CREDITORS

Amounts falling due within one year

129,350

69,607

NET CURRENT ASSETS

908,289

766,941

TOTAL ASSETS LESS CURRENT LIABILITIES

1,341,263

1,115,260

CREDITORS

Amounts falling due after more than one year

(14,567

)

(22,167

)

PROVISIONS FOR LIABILITIES

(56,804

)

(39,973

)

NET ASSETS

1,269,892

1,053,120

CAPITAL AND RESERVES

Called up share capital

6

2

2

Share premium

927,676

927,676

Retained earnings

342,214

125,442

SHAREHOLDERS' FUNDS

1,269,892

1,053,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 13th September 2023 and were signed by:

W N James - Director

1.	STATUTORY INFORMATION

Clarbeston Grange 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of three years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on reducing balance

Stocks

Stock and biological assets are included at the lower of cost and estimated selling price less costs to sell.

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 2 (2021 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2022

and 31st December 2022

12,841

AMORTISATION

At 1st January 2022

4,280

Amortisation for year

4,281

At 31st December 2022

8,561

NET BOOK VALUE

At 31st December 2022

4,280

At 31st December 2021

8,561

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2022

373,453

Additions

136,119

Disposals

(6,075

)

At 31st December 2022

503,497

DEPRECIATION

At 1st January 2022

33,695

Charge for year

42,084

Eliminated on disposal

(976

)

At 31st December 2022

74,803

NET BOOK VALUE

At 31st December 2022

428,694

At 31st December 2021

339,758

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.22

31.12.21

value:

£

£

2

Ordinary

£1

2

2