Claxton Laundry Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00150973 (England and Wales)

CLAXTON LAUNDRY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

J Downey

Mrs S Downey

P F Farina

Secretary:

Mrs S Downey

Registered office:

6 Windlesham Gardens

Shoreham-By-Sea

West Sussex

BN43 5AD

Registered number:

00150973 (England and Wales)

Accountants:

Chanter, Browne & Curry

1 Plato Place

72-74 St Dionis Road

Fulham

London

SW6 4TU

Fixed assets

Tangible assets

4

2,576

3,435

Investment property

5

2,237,000

2,237,000

2,239,576

2,240,435

Current assets

Cash at bank

321,695

449,203

Creditors

Amounts falling due within one year

6

26,568

22,055

Net current assets

295,127

427,148

Total assets less current liabilities

2,534,703

2,667,583

Creditors

Amounts falling due after more than one year

7

(9,904

)

(9,904

)

Provisions for liabilities

(169,000

)

(169,000

)

Net assets

2,355,799

2,488,679

Capital and reserves

Called up share capital

96

96

Fair value reserve

8

1,313,209

1,313,209

Retained earnings

1,042,494

1,175,374

Shareholders' funds

2,355,799

2,488,679

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 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 20 August 2020 and were signed on its behalf by:

J Downey - Director

1.	Statutory information

Claxton Laundry 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value is recognised in profit or loss.

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.

3.	Employees and directors

The average number of employees during the year was 3 (2019 - 3 ) .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 July 2019

and 30 June 2020

89,327

Depreciation

At 1 July 2019

85,892

Charge for year

859

At 30 June 2020

86,751

Net book value

At 30 June 2020

2,576

At 30 June 2019

3,435

5.	Investment property

Total

£

Fair value

At 1 July 2019

and 30 June 2020

2,237,000

Net book value

At 30 June 2020

2,237,000

At 30 June 2019

2,237,000

6.

Creditors: amounts falling due within one year

2020

2019

£

£

Taxation and social security

7,270

4,286

Other creditors

19,298

17,769

26,568

22,055

7.

Creditors: amounts falling due after more than one year

2020

2019

£

£

Other creditors

9,904

9,904

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Preference shares

9,904

9,904

8.

Reserves

Fair

value

reserve

£

At 1 July 2019

and 30 June 2020

1,313,209