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REGISTERED NUMBER: 06647956 (England and Wales)








RED CLAM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






RED CLAM LIMITED (REGISTERED NUMBER: 06647956)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

RED CLAM LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTOR: S C Frost





SECRETARY: M V Young





REGISTERED OFFICE: Poyle House
24 Epsom Road
Guildford
Surrey
GU1 3LE





REGISTERED NUMBER: 06647956 (England and Wales)





ACCOUNTANTS: Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR

RED CLAM LIMITED (REGISTERED NUMBER: 06647956)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 43,750 58,750
Tangible assets 5 8,471 5,134
52,221 63,884

CURRENT ASSETS
Debtors 6 135,145 123,321
Cash at bank and in hand 119,709 62,246
254,854 185,567
CREDITORS
Amounts falling due within one year 7 (67,108 ) (50,908 )
NET CURRENT ASSETS 187,746 134,659
TOTAL ASSETS LESS CURRENT LIABILITIES 239,967 198,543

PROVISIONS FOR LIABILITIES (970 ) (970 )
NET ASSETS 238,997 197,573

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 238,897 197,473
SHAREHOLDERS' FUNDS 238,997 197,573

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

RED CLAM LIMITED (REGISTERED NUMBER: 06647956)

BALANCE SHEET - continued
31 March 2023


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 director and authorised for issue on 18 October 2023 and were signed by:





S C Frost - Director


RED CLAM LIMITED (REGISTERED NUMBER: 06647956)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023


1. STATUTORY INFORMATION

Red Clam 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 (FRS 102 1A) "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. Unless indicated otherwise in the accounting policies below, the financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the consideration receivable for sale of services in the ordinary nature 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of 5 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
Tangible assets are stated at cost less accumulated depreciation. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use.

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

Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

On disposal the difference between net proceeds and the carrying amount of the item sold is recognised in the profit and loss account and is included in administrative expenses.

Taxation
Taxation for the period comprises of current and deferred tax. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

Pension costs
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.

RED CLAM LIMITED (REGISTERED NUMBER: 06647956)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


2. ACCOUNTING POLICIES - continued

Operating leasing commitments
Rentals paid under operating leases are charged to the profit and loss on a straight line basis over the period of the lease. The benefits of lease incentives are recognised in the profit and loss in the period to which they relate.

Financial instruments
Financial instruments are classified as basic or non-basic following the conditions on 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 non-basic financial instruments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 75,000
AMORTISATION
At 1 April 2022 16,250
Charge for year 15,000
At 31 March 2023 31,250
NET BOOK VALUE
At 31 March 2023 43,750
At 31 March 2022 58,750

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022 16,296
Additions 6,826
At 31 March 2023 23,122
DEPRECIATION
At 1 April 2022 11,162
Charge for year 3,489
At 31 March 2023 14,651
NET BOOK VALUE
At 31 March 2023 8,471
At 31 March 2022 5,134

RED CLAM LIMITED (REGISTERED NUMBER: 06647956)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 18,755 9,926
Amounts owed by group undertakings 110,000 110,000
Other debtors 6,390 3,395
135,145 123,321

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,457 9,616
Taxation and social security 43,997 31,763
Other creditors 12,654 9,529
67,108 50,908

8. OTHER FINANCIAL COMMITMENTS

The company has total guarantees and commitments in relation to car leases at the balance sheet date of £22,745 (2022: £Nil). Of this amount, £6,999 (2022: £Nil) is payable within 1 year and £15,747 (2022: £Nil) is payable within 2 - 5 years.

9. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption conferred by The Financial Reporting Standard 102 Section 33 'Related party disclosures.' This allows for transactions with members of the group headed by The Grantley Group Limited not to be disclosed on the grounds that 100% of the voting rights in the company are controlled within the group.

10. ULTIMATE PARENT COMPANY

The immediate and ultimate parent company is The Grantley Group Limited, a company registered in England and Wales. The Grantley Group Limited owns 100% of the share capital of Red Clam Limited.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
RED CLAM LIMITED


The following reproduces the text of the report prepared for the director 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 Director 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 Red Clam Limited for the year ended 31 March 2023 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 director of Red Clam Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Red Clam Limited and state those matters that we have agreed to state to the director of Red Clam Limited 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 Red Clam Limited and its director for our work or for this report.

It is your duty to ensure that Red Clam 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 Red Clam Limited. You consider that Red Clam 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 Red Clam 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.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors, who obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.






Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR


18 October 2023