Karen Clarke Estates Limited - Accounts to registrar (filleted) - small 23.2.5

KAREN CLARKE ESTATES LIMITED - Company Information

IRIS Accounts Production v23.4.0.336 05555603 Board of Directors 1.10.22 30.9.23 30.9.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055556032022-09-30055556032023-09-30055556032022-10-012023-09-30055556032021-09-30055556032021-10-012022-09-30055556032022-09-3005555603ns15:EnglandWales2022-10-012023-09-3005555603ns14:PoundSterling2022-10-012023-09-3005555603ns10:Director12022-10-012023-09-3005555603ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3005555603ns10:SmallEntities2022-10-012023-09-3005555603ns10:AuditExemptWithAccountantsReport2022-10-012023-09-3005555603ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3005555603ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3005555603ns10:FullAccounts2022-10-012023-09-300555560312022-10-012023-09-3005555603ns10:OrdinaryShareClass12022-10-012023-09-3005555603ns10:Director22022-10-012023-09-3005555603ns10:Director32022-10-012023-09-3005555603ns10:Director42022-10-012023-09-3005555603ns10:CompanySecretary12022-10-012023-09-3005555603ns10:RegisteredOffice2022-10-012023-09-3005555603ns5:CurrentFinancialInstruments2023-09-3005555603ns5:CurrentFinancialInstruments2022-09-3005555603ns5:Non-currentFinancialInstruments2023-09-3005555603ns5:Non-currentFinancialInstruments2022-09-3005555603ns5:ShareCapital2023-09-3005555603ns5:ShareCapital2022-09-3005555603ns5:RetainedEarningsAccumulatedLosses2023-09-3005555603ns5:RetainedEarningsAccumulatedLosses2022-09-3005555603ns5:NetGoodwill2022-10-012023-09-3005555603ns5:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3005555603ns5:FurnitureFittings2022-10-012023-09-3005555603ns5:MotorVehicles2022-10-012023-09-3005555603ns5:ComputerEquipment2022-10-012023-09-3005555603ns5:NetGoodwill2022-09-3005555603ns5:NetGoodwill2023-09-3005555603ns5:NetGoodwill2022-09-3005555603ns5:LandBuildings2022-09-3005555603ns5:PlantMachinery2022-09-3005555603ns5:LandBuildings2022-10-012023-09-3005555603ns5:PlantMachinery2022-10-012023-09-3005555603ns5:LandBuildings2023-09-3005555603ns5:PlantMachinery2023-09-3005555603ns5:LandBuildings2022-09-3005555603ns5:PlantMachinery2022-09-3005555603ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3005555603ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3005555603ns10:OrdinaryShareClass12023-09-30

REGISTERED NUMBER: 05555603 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2023

for

Karen Clarke Estates Limited

Page

Company Information

Balance Sheet

Notes to the Financial Statements

Chartered Accountants' Report

DIRECTORS:

Mrs K Clarke

M F Clarke

D Leverton

Miss C Leverton

SECRETARY:

M F Clarke

REGISTERED OFFICE:

c/o Charnwood Accountants

The Point, Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

REGISTERED NUMBER:

05555603 (England and Wales)

ACCOUNTANTS:

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

FIXED ASSETS

Intangible assets

5,867

Tangible assets

92,974

88,052

92,974

93,919

CURRENT ASSETS

Debtors

34,221

46,402

Cash at bank and in hand

373,737

371,979

407,958

418,381

CREDITORS

Amounts falling due within one year

125,568

86,204

NET CURRENT ASSETS

282,390

332,177

TOTAL ASSETS LESS CURRENT
LIABILITIES

375,364

426,096

CREDITORS

Amounts falling due after more than one
year

38,333

58,333

NET ASSETS

337,031

367,763

CAPITAL AND RESERVES

Called up share capital

Retained earnings

337,017

367,749

SHAREHOLDERS' FUNDS

337,031

367,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 by the Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:

Mrs K Clarke - Director

1.	STATUTORY INFORMATION

Karen Clarke Estates 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 2005, is being amortised evenly over its estimated useful life of five 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.

Fixtures and fittings

25% on reducing balance

Motor vehicles

25% on reducing balance

Computer equipment

33% 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.

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 12 (2022 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

COST

At 1 October 2022

and 30 September 2023

209,904

AMORTISATION

At 1 October 2022

204,037

Charge for year

5,867

At 30 September 2023

209,904

NET BOOK VALUE

At 30 September 2023

At 30 September 2022

5,867

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

COST

At 1 October 2022

79,175

84,502

163,677

Additions

11,160

Disposals

(7,104

)

(7,104

)

At 30 September 2023

79,175

88,558

167,733

DEPRECIATION

At 1 October 2022

75,625

Charge for year

5,349

Eliminated on disposal

(6,215

)

(6,215

)

At 30 September 2023

74,759

NET BOOK VALUE

At 30 September 2023

79,175

13,799

92,974

At 30 September 2022

79,175

8,877

88,052

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

Trade debtors

25,983

38,864

Other debtors

8,238

7,538

34,221

46,402

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.23

30.9.22

Trade creditors

14,778

14,755

Taxation and social security

67,514

34,028

Other creditors

43,276

37,421

125,568

86,204

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.9.23

30.9.22

Other creditors

38,333

58,333

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.23

30.9.22

58,333

78,333

Loans are government backed with no security charge over the company assets.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.23

30.9.22

value:

Ordinary

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Karen Clarke Estates Limited for the year ended 30 September 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Karen Clarke Estates Limited, as a body, in accordance with the terms of our engagement letter dated 30 September 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Karen Clarke Estates Limited and state those matters that we have agreed to state to the Board of Directors of Karen Clarke Estates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Karen Clarke Estates Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Karen Clarke Estates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Karen Clarke Estates Limited. You consider that Karen Clarke Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Karen Clarke Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

29 February 2024