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REGISTERED NUMBER: 07153980 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Clesham Ltd

Clesham Ltd (Registered number: 07153980)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clesham Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Dr G J Clesham
Dr M Clesham





REGISTERED OFFICE: 7 Lindum Terrace
Lincoln
Lincolnshire
LN2 5RP





REGISTERED NUMBER: 07153980 (England and Wales)





ACCOUNTANTS: Stanbridge Associates Limited
7 Lindum Terrace
Lincoln
Lincolnshire
LN2 5RP

Clesham Ltd (Registered number: 07153980)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 780,409 780,562
Investments 6 495,172 358,371
1,275,581 1,138,933

CURRENT ASSETS
Debtors 7 23,912 20,734
Cash at bank 854,424 810,587
878,336 831,321
CREDITORS
Amounts falling due within one
year

8

105,461

112,829
NET CURRENT ASSETS 772,875 718,492
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,048,456

1,857,425

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 2,048,352 1,857,321
SHAREHOLDERS' FUNDS 2,048,456 1,857,425

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Clesham Ltd (Registered number: 07153980)

Balance Sheet - continued
28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:





Dr G J Clesham - Director


Clesham Ltd (Registered number: 07153980)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Clesham Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents trading income accrued during the period shown by these financial statements.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of three 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% Straight Line

Investment Property is shown at most recent valuation. Any surplus or deficit arising from changes in fair value is recognised in the profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Clesham Ltd (Registered number: 07153980)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 217,450
AMORTISATION
At 1 March 2022
and 28 February 2023 217,450
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

5. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 779,949 1,971 781,920
DEPRECIATION
At 1 March 2022 - 1,358 1,358
Charge for year - 153 153
At 28 February 2023 - 1,511 1,511
NET BOOK VALUE
At 28 February 2023 779,949 460 780,409
At 28 February 2022 779,949 613 780,562

The freehold property included in tangible fixed assets relates to Investment Property.

Clesham Ltd (Registered number: 07153980)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2022 358,371
Additions 133,150
Revaluations 3,651
At 28 February 2023 495,172
NET BOOK VALUE
At 28 February 2023 495,172
At 28 February 2022 358,371

Cost or valuation at 28 February 2023 is represented by:

Other
investments
£   
Valuation in 2020 167
Valuation in 2021 71,609
Valuation in 2022 286,595
Valuation in 2023 136,801
495,172

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 23,912 20,734

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 11,418
Taxation and social security 51,761 47,849
Other creditors 53,700 53,562
105,461 112,829