Clownalley Limited - Accounts to registrar (filleted) - small 18.2

Clownalley Limited - Accounts to registrar (filleted) - small 18.2

CLOWNALLEY LIMITED - Company Information

Print Friendly Version

PTP Accounts Production v19.3.2.199 06046833 director 1.9.18 29.2.20 29.2.20 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure060468332018-08-31060468332020-02-29060468332018-09-012020-02-29060468332017-08-31060468332017-09-012018-08-31060468332018-08-3106046833ns15:EnglandWales2018-09-012020-02-2906046833ns14:PoundSterling2018-09-012020-02-2906046833ns10:Director12018-09-012020-02-2906046833ns10:PrivateLimitedCompanyLtd2018-09-012020-02-2906046833ns10:SmallEntities2018-09-012020-02-2906046833ns10:AuditExempt-NoAccountantsReport2018-09-012020-02-2906046833ns10:SmallCompaniesRegimeForDirectorsReport2018-09-012020-02-2906046833ns10:SmallCompaniesRegimeForAccounts2018-09-012020-02-2906046833ns10:AbridgedAccounts2018-09-012020-02-2906046833ns10:OrdinaryShareClass12018-09-012020-02-2906046833ns10:RegisteredOffice2018-09-012020-02-2906046833ns5:CurrentFinancialInstruments2020-02-2906046833ns5:CurrentFinancialInstruments2018-08-3106046833ns5:Non-currentFinancialInstruments2020-02-2906046833ns5:Non-currentFinancialInstruments2018-08-3106046833ns5:ShareCapital2020-02-2906046833ns5:ShareCapital2018-08-3106046833ns5:RetainedEarningsAccumulatedLosses2020-02-2906046833ns5:RetainedEarningsAccumulatedLosses2018-08-3106046833ns5:MoreThanFiveYearsns5:Non-currentFinancialInstruments2020-02-2906046833ns5:MoreThanFiveYearsns5:Non-currentFinancialInstruments2018-08-3106046833ns5:BetweenTwoFiveYearsns5:Non-currentFinancialInstruments2020-02-2906046833ns5:BetweenTwoFiveYearsns5:Non-currentFinancialInstruments2018-08-3106046833ns10:OrdinaryShareClass12020-02-29


REGISTERED NUMBER: 06046833 (England and Wales)















Unaudited Financial Statements

for the Period 1 September 2018 to 29 February 2020

for

Clownalley Limited
Clownalley Limited (Registered number: 06046833)






Contents of the Financial Statements
for the Period 1 September 2018 to 29 February 2020




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Clownalley Limited

Company Information
for the Period 1 September 2018 to 29 February 2020







DIRECTOR: M Williams



REGISTERED OFFICE: North Star House
11 London Road
Bromley
Kent
BR1 1BY



REGISTERED NUMBER: 06046833 (England and Wales)



ACCOUNTANTS: BW Barfoot Accountancy Limnited
31 Churchgate Way
Terrington St Clement
King's Lynn
Norfolk
PE34 4PG



BANKERS: Royal Bank of Scotland
Bromley Branch
12 Elmfield Road
Bromley
Kent
BR1 1LP
Page 1
Clownalley Limited (Registered number: 06046833)

Abridged Balance Sheet
29 February 2020

29.2.20 31.8.18
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 4,660,000 1,060,000

CURRENT ASSETS
Debtors 5,758 -
Cash at bank 15,396 17,342
21,154 17,342
CREDITORS
Amounts falling due within one year 2,347,314 614,547
NET CURRENT LIABILITIES (2,326,160 ) (597,205 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,333,840
462,795

CREDITORS
Amounts falling due after more than
one year
5
2,271,448
454,061
NET ASSETS 62,392 8,734

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 62,292 8,634
SHAREHOLDERS' FUNDS 62,392 8,734

The notes form part of these financial statements

Page 2 continued...
Clownalley Limited (Registered number: 06046833)

Abridged Balance Sheet - continued
29 February 2020


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 2020 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 Statement of Income and Retained Earnings and an abridged Balance Sheet for the period ended 29 February 2020 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 on 18 March 2021 and were signed by:





M Williams - Director


The notes form part of these financial statements

Page 3
Clownalley Limited (Registered number: 06046833)

Notes to the Financial Statements
for the Period 1 September 2018 to 29 February 2020

1. STATUTORY INFORMATION

Clownalley 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.

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 period 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 period 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 period was 1 (2018 - 1 ) .

Page 4 continued...
Clownalley Limited (Registered number: 06046833)

Notes to the Financial Statements - continued
for the Period 1 September 2018 to 29 February 2020

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2018 1,060,000
Additions 3,600,000
At 29 February 2020 4,660,000
NET BOOK VALUE
At 29 February 2020 4,660,000
At 31 August 2018 1,060,000

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
FIVE YEARS
29.2.20 31.8.18
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,528,016 -

6. LOANS

An analysis of the maturity of loans is given below:

29.2.20 31.8.18
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 743,432 454,061

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,528,016 -

7. SECURED DEBTS

The bank loans are secured by a fixed charge over the investment properties owned by the
company.

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 29.2.20 31.8.18
value: £    £   
100 Ordinary 1 100 100

Page 5 continued...
Clownalley Limited (Registered number: 06046833)

Notes to the Financial Statements - continued
for the Period 1 September 2018 to 29 February 2020

9. RELATED PARTY DISCLOSURES

The company is a subsidiary of North Star (2000) Limited, a company registered in England
and Wales, which owns 100% of the ordinary share capital.

The company purchased an investment property from North Star (2000) Limited at market
value amounting to £3,600,000 (Year ended 31 August 2018 - £1,060,000). As at 29
February 2020 the company owed to North Star (2000) Limited £2,322,089 in respect of
loan advances (31 August 2018 - £610,091) which is repayable on demand.

Page 6