CLARKSON ALLIANCE PROJECT MANAGEMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2023
Company Registration Number: 11137281
CLARKSON ALLIANCE PROJECT MANAGEMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
CONTENTS PAGES
Company information 1
Balance sheet 2 to 3
Notes to the financial statements 4 to 7
CLARKSON ALLIANCE PROJECT MANAGEMENT LIMITED
COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023
DIRECTORS
G N Clarkson
K H Green
SECRETARY
The company does not have an appointed secretary
REGISTERED OFFICE
Cranbrook House
287-291 Banbury Road
Oxford
OX2 7JQ
COMPANY REGISTRATION NUMBER
11137281 England and Wales
CLARKSON ALLIANCE PROJECT MANAGEMENT LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2023
Notes 2023 2022
£ £
FIXED ASSETS
Investments 5 43,875 41,461
CURRENT ASSETS
Debtors 6 94,931 9,000
Cash at bank and in hand 165,001 40
259,932 9,040
CREDITORS: Amounts falling due within one year 7 29,701 43,002
NET CURRENT ASSETS / (LIABILITIES) 230,231 (33,962)
NET ASSETS 274,106 7,499
CAPITAL AND RESERVES
Called up share capital 80 80
Distributable profit and loss account 273,977 7,370
Revaluation reserve 49 49
SHAREHOLDERS' FUNDS 274,106 7,499
CLARKSON ALLIANCE PROJECT MANAGEMENT LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2023
These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.
Signed on behalf of the board of directors
G N Clarkson
Director
Date approved by the board: 10 October 2023
CLARKSON ALLIANCE PROJECT MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
1 GENERAL INFORMATION
Clarkson Alliance Project Management Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Cranbrook House
287-291 Banbury Road
Oxford
OX2 7JQ
The financial statements are presented in Sterling, which is the functional currency of the company.
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of preparation of financial statements
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.
Investments
Investments in associates are shown at fair value and revalued annually with any surplus or deficit dealt with through the profit and loss account.
Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.
The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Debtors
Short term debtors are measured at transaction price, less any impairment.
CLARKSON ALLIANCE PROJECT MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Current and deferred tax assets and liabilities are not discounted.
3 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
No significant accounting estimates and judgements have had to be made by the directors in preparing these financial statements.
4 EMPLOYEES
The average number of persons employed by the company (including directors) during the year was:
2023 2022
Average number of employees 2 2
CLARKSON ALLIANCE PROJECT MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
5 FIXED ASSET INVESTMENTS
Investment in associates
£
Cost
At 1 February 2022 41,461
Revaluation 2,414
At 31 January 2023 43,875
Net book value
At 1 February 2022 41,461
At 31 January 2023 43,875
6 DEBTORS
2023 2022
£ £
Other debtors 94,931 9,000
7 CREDITORS: Amounts falling due within one year
2023 2022
£ £
Accruals and deferred income 900 900
Other creditors 28,801 42,102
29,701 43,002
8 CONTINGENCIES AND COMMITMENTS
Not provided
Deferred Tax Assets 2023 2022
£ £
Losses 1,227 1,105
CLARKSON ALLIANCE PROJECT MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
9 DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
The following directors' advances, credits and guarantees took place during the year
Balance at 1 February 2022 Amounts advanced Amounts repaid Amounts written off or waived Balance at 31 January 2023
£ £ £ £ £
G N Clarkson and K H Green - 138,174 43,243 - 94,931
Interest has been charged on this advance at the Beneficial Loan Arrangement Official Rate as prescribed by HM Revenue and Customs. The advance is repayable on demand.
10 RELATED PARTY TRANSACTIONS
During the year, the following transactions with related parties took place:
G N Clarkson and K H Green
Directors 2023 2022
£ £
Advances to company The directors made advances to the company during the year. The following amounts were due to the directors at the year end: - 15,715
Clarkson Alliance Project Management Limited 11137281 false 2022-02-01 2023-01-31 2023-01-31 VT Final Accounts (tagged by user) April 2022 true No description of principal activity 11137281 2021-02-01 2022-01-31 11137281 core:WithinOneYear 2022-01-31 11137281 core:ShareCapital 2022-01-31 11137281 core:RetainedEarningsAccumulatedLosses 2022-01-31 11137281 core:CurrentFinancialInstruments 2022-01-31 11137281 core:KeyManagementIndividualGroup1 2022-01-31 11137281 2022-02-01 2023-01-31 11137281 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 11137281 bus:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 11137281 bus:Director1 2022-02-01 2023-01-31 11137281 bus:Director2 2022-02-01 2023-01-31 11137281 bus:RegisteredOffice 2022-02-01 2023-01-31 11137281 core:KeyManagementIndividualGroup1 2022-02-01 2023-01-31 11137281 bus:FRS102 2022-02-01 2023-01-31 11137281 bus:FullAccounts 2022-02-01 2023-01-31 11137281 2023-01-31 11137281 core:WithinOneYear 2023-01-31 11137281 core:ShareCapital 2023-01-31 11137281 core:RetainedEarningsAccumulatedLosses 2023-01-31 11137281 core:RevaluationsIncreaseDecreaseInInvestments 2023-01-31 11137281 core:CostValuation 2023-01-31 11137281 core:CurrentFinancialInstruments 2023-01-31 11137281 bus:Director1 2023-01-31 11137281 core:KeyManagementIndividualGroup1 2023-01-31 11137281 2022-01-31 11137281 core:CostValuation 2022-01-31 11137281 bus:Director1 2022-01-31 iso4217:GBP xbrli:pure