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Registered Number: 11191575
England and Wales

 

 

 

CLF VENTURES LTD


Abridged Accounts
 


Period of accounts

Start date: 01 March 2022

End date: 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of CLF Ventures Ltd for the year ended 28 February 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.

This report is made solely to the Director of CLF Ventures Ltd in accordance with our terms of engagement. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Director for our work or for this report.

It is your duty to ensure that CLF Ventures Ltd 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 CLF Ventures Ltd.
You consider that CLF Ventures Ltd is exempt from the statutory audit requirement for the period and we have not been instructed to carry out an audit or a review of the financial statements of CLF Ventures Ltd. 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.


Burton Varley Ltd
Suite 3, 2nd Floor, Didsbury House
748 - 754 Wilmslow Road
Manchester
M20 2DW
08 November 2023
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 45,369    51,536 
45,369    51,536 
Current assets      
Debtors: amounts falling due within one year 4,538    4,800 
Cash at bank and in hand 976    8,201 
5,514    13,001 
Creditors: amount falling due within one year (154,400)   (125,952)
Net current liabilities (148,886)   (112,951)
 
Total assets less current liabilities (103,517)   (61,415)
Creditors: amount falling due after more than one year (39,446)   (44,948)
Net liabilities (142,963)   (106,363)
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account (143,063)   (106,463)
Shareholder's funds (142,963)   (106,363)
 


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 08 November 2023 and were signed by:


-------------------------------
Joel Yarwood
Director
2
General Information
CLF Ventures Ltd is a private company, limited by shares, registered in England and Wales, registration number 11191575, registration address C/O Burton Varley Ltd, Suite 3, 2nd Floor, Didsbury House, 748 - 754 Wilmslow Road, Manchester, M20 2DW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
At the year end the balance sheet showed a deficit of £143,063 (2022 : £106,463). The company's main creditors were the directors and they have pledged their continuing support for the company.  As a result the accounts have been prepared on a going concern basis.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Fixtures and Fittings 10 Years Straight Line
Computer Equipment 20% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 March 2022 19,375    63,912    1,129    84,416 
Additions   3,175      3,175 
Disposals      
At 28 February 2023 19,375    67,087    1,129    87,591 
Depreciation
At 01 March 2022 6,975    25,543    362    32,880 
Charge for year 2,480    6,709    153    9,342 
On disposals      
At 28 February 2023 9,455    32,252    515    42,222 
Net book values
Closing balance as at 28 February 2023 9,920    34,835    614    45,369 
Opening balance as at 01 March 2022 12,400    38,369    767    51,536 


4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

3