CLARK FARROW LIMITED - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 12411029 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2023

for

CLARK FARROW LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T G Farrow

Miss A J Clark

REGISTERED OFFICE:

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Hertfordshire

EN6 1BW

REGISTERED NUMBER:

12411029 (England and Wales)

ACCOUNTANTS:

The Greene Partnership LLP

Chartered Accountants

Suite 2C, Brosnan House

175 Darkes Lane

Potters Bar

Hertfordshire

EN6 1BW

CURRENT ASSETS

Stocks

4

698,500

1,079,237

Cash at bank and in hand

142

111

698,642

1,079,348

CREDITORS

Amounts falling due within one year

5

700,137

1,083,427

NET CURRENT LIABILITIES

(1,495

)

(4,079

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,495

)

(4,079

)

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

(1,595

)

(4,179

)

SHAREHOLDERS' FUNDS

(1,495

)

(4,079

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 30 May 2024 and were signed on its behalf by:

T G Farrow - Director

1.	STATUTORY INFORMATION

CLARK FARROW 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.

Development property

Development property consists of property that is in the process of being developed or is available for sale. Development property is included at the lower of cost and the directors' estimate of its net realisable value. Net realisable value is determined as the estimated selling price less additional costs to completion and disposal.

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 2 (2022 - 2 ) .

4.

STOCKS

30.6.23

30.6.22

£

£

Development in progress

698,500

1,079,237

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Trade creditors

720

-

Other creditors

274,446

261,025

Directors' current accounts

424,251

821,682

Accrued expenses

720

720

700,137

1,083,427

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.23

30.6.22

value:

£

£

100

Ordinary

£1

100

100

7.	RELATED PARTY DISCLOSURES

During the period the company received a loan totalling £11,921 from RER Project Management Limited, a company in which T G Farrow is a director. The amount of £159,845 was still outstanding at 30 June 2023.

During the period the company received a loan totalling £1,500 from Designs @ A.J.C Limited, a company in which Miss A J Clark is a director. The amount of £114,601 was still outstanding at 30 June 2023.

8.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the period by T G Farrow and Miss A J Clark by virtue of their controlling shareholdings.