Clarke Gammon (Haslemere) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04378814 (England and Wales)

CLARKE GAMMON (HASLEMERE) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

Directors:

A R Jamieson

M P Steward

S R Cook

Secretary:

S Cook

Registered office:

72 High Street

Haslemere

Surrey

GU27 2LA

Registered number:

04378814 (England and Wales)

Accountants:

JPS Accountancy Limited

Chartered Accountants

Thorncroft Manor

Thorncroft Drive

Leatherhead

Surrey

KT22 8JB

FIXED ASSETS

Tangible assets

4

1,321

8,772

Investments

5

900

900

2,221

9,672

CURRENT ASSETS

Debtors

6

320,270

292,532

Cash at bank and in hand

43,559

15,988

363,829

308,520

CREDITORS

Amounts falling due within one year

7

(145,894

)

(205,983

)

NET CURRENT ASSETS

217,935

102,537

TOTAL ASSETS LESS CURRENT LIABILITIES

220,156

112,209

CREDITORS

Amounts falling due after more than one year

8

(42,500

)

(6,488

)

NET ASSETS

177,656

105,721

CAPITAL AND RESERVES

Called up share capital

3,700

3,700

Retained earnings

173,956

102,021

177,656

105,721

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2021 and were signed on its behalf by:

A R Jamieson - Director

1.	STATUTORY INFORMATION

Clarke Gammon (Haslemere) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention unless otherwise stated below.

Turnover

Turnover represents the fair value of commission receivable on exchanged property sales and the consideration receivable for sale of services in the ordinary course of the business, net of Value Added Tax. In the case of long-term contracts, credit is taken appropriate to the stage of completion when the outcome of the contract can be assessed with reasonable certainty.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on cost

Office equipment

-

33% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Government grants

Government grants relating to expenditure are recognised in the profit and loss account on a systematic basis over the period in which the entity recognises costs for which the grant is intended to compensate.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Financial instruments are classified by directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are initially measured at transaction price (including transaction cost) and subsequently recognised at amortised cost using the effective interest method. The company does not have any advanced financial instruments.

Taxation

Taxation for the year comprises current and deferred tax. 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 15 (2020 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Office

Motor

Computer

property

equipment

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 April 2020

28,968

42,651

9,925

52,584

134,128

Additions

-

-

-

1,357

1,357

Disposals

-

-

(9,925

)

-

(9,925

)

At 31 March 2021

28,968

42,651

-

53,941

125,560

Depreciation

At 1 April 2020

28,968

41,672

2,481

52,235

125,356

Charge for year

-

979

2,482

385

3,846

Eliminated on disposal

-

-

(4,963

)

-

(4,963

)

At 31 March 2021

28,968

42,651

-

52,620

124,239

Net book value

At 31 March 2021

-

-

-

1,321

1,321

At 31 March 2020

-

979

7,444

349

8,772

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

Cost

At 1 April 2020

and 31 March 2021

900

Net book value

At 31 March 2021

900

At 31 March 2020

900

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

-

717

Amounts owed by group undertakings

205,279

182,529

Other debtors

114,991

109,286

320,270

292,532

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

7,500

-

Hire purchase contracts (see note 9)

-

1,981

Trade creditors

44,081

19,657

Amounts owed to group undertakings

900

900

Taxation and social security

75,077

159,662

Other creditors

18,336

23,783

145,894

205,983

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

42,500

-

Hire purchase contracts (see note 9)

-

6,488

42,500

6,488

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2021

2020

£

£

Net obligations repayable:

Within one year

-

1,981

Between one and five years

-

6,488

-

8,469

10.	SECURED DEBTS

At the year end, the company held a joint guarantee with its parent company, CGW Properties Limited, in respect of bank loans and overdrafts. These are secured by a fixed and floating charge over the assets of both companies. The year end balances to which this security relates include:

- a bank loan in CGW Properties Limited of £340,626 (2020: £356,986); and

- a bank overdraft in this company of £Nil (2020: £Nil).

The company does not anticipate that this guarantee will be called upon.

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the balance sheet date, the following balances existed with related parties who were not part of the group:-

- £5,887 was owed to (2020: £26,782 owed by) Clarke Gammon Partnership.

The directors of this company are all partners of Clarke Gammon Partnership.

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 Clarke Gammon (Haslemere) Limited for the year ended 31 March 2021 which comprise the Profit and Loss Account, 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 Clarke Gammon (Haslemere) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Clarke Gammon (Haslemere) Limited and state those matters that we have agreed to state to the Board of Directors of Clarke Gammon (Haslemere) 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 Clarke Gammon (Haslemere) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Clarke Gammon (Haslemere) 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 Clarke Gammon (Haslemere) Limited. You consider that Clarke Gammon (Haslemere) 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 Clarke Gammon (Haslemere) 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.

JPS Accountancy Limited

Chartered Accountants

Thorncroft Manor

Thorncroft Drive

Leatherhead

Surrey

KT22 8JB

2 November 2021