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REGISTERED NUMBER: 07375694 (England and Wales)















Financial Statements for the Year Ended 30 June 2023

for

CLARBOW LIMITED

CLARBOW LIMITED (REGISTERED NUMBER: 07375694)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLARBOW LIMITED

Company Information
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: N W Rea
P M Streeter
P M W Rea
I J Ellis



SECRETARY: N Patel



REGISTERED OFFICE: 92-96 Lind Road
Sutton
Surrey
SM1 4PL



REGISTERED NUMBER: 07375694 (England and Wales)



SENIOR STATUTORY AUDITOR: Tony Castagnetti



AUDITORS: Belluzzo Audit Limited
Chartered Accountants and Statutory Auditors
38 Craven Street
London
WC2N 5NG

CLARBOW LIMITED (REGISTERED NUMBER: 07375694)

Balance Sheet
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,158,090 9,995,557

CURRENT ASSETS
Stocks 547,737 588,955
Debtors 5 156,521 83,248
Cash at bank - 5,425
704,258 677,628
CREDITORS
Amounts falling due within one year 6 19,976,979 18,922,068
NET CURRENT LIABILITIES (19,272,721 ) (18,244,440 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,114,631

)

(8,248,883

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (9,114,632 ) (8,248,884 )
(9,114,631 ) (8,248,883 )

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 9 February 2024 and were signed on its behalf by:





I J Ellis - Director


CLARBOW LIMITED (REGISTERED NUMBER: 07375694)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Clarbow 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 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.

The financial statements are prepared in sterling, which is the functional currency of the company.
Monetary amounts in these financial statements are rounded to the nearest £.

Related party exemption
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.

Turnover
Turnover is derived from membership fee, entrance fee, events and food and beverage sales and is measured at fair value of consideration received or receivable, net of discounts, refunds and VAT.

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

Freehold property 50years
Plant and Machinery 50% reducing balance
Fixture and fittings 25% reducing balance
Motor vehicles 25% reducing balance
Greenhouse 20 years
Biological assets 20 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.


CLARBOW LIMITED (REGISTERED NUMBER: 07375694)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued
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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Confirmation of support has been obtained from the parent company who will continue to support the company and provide financial support to enable it to meet all its liabilities for a period of 12 months from the date of signing of these financial statements.Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 80 (2022 - 78 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022 9,789,533 4,173,928 13,963,461
Additions 38,273 572,133 610,406
Disposals - (57,268 ) (57,268 )
At 30 June 2023 9,827,806 4,688,793 14,516,599
DEPRECIATION
At 1 July 2022 798,991 3,168,913 3,967,904
Charge for year 180,496 251,600 432,096
Eliminated on disposal - (41,491 ) (41,491 )
At 30 June 2023 979,487 3,379,022 4,358,509
NET BOOK VALUE
At 30 June 2023 8,848,319 1,309,771 10,158,090
At 30 June 2022 8,990,542 1,005,015 9,995,557

CLARBOW LIMITED (REGISTERED NUMBER: 07375694)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 7,171
Other debtors 156,521 76,077
156,521 83,248

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 159,984 120,184
Amounts owed to group undertakings 15,649,216 14,621,064
Taxation and social security 136,924 177,277
Other creditors 4,030,855 4,003,543
19,976,979 18,922,068

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Tony Castagnetti (Senior Statutory Auditor)
for and on behalf of Belluzzo Audit Limited

8. 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 year end date, the company owed P M Streeter £3,500,000 (2022: £3,500,000). These amounts are disclosed in other creditors.

9. ULTIMATE CONTROLLING PARTY

The controlling party is A24 Group Limited

The ultimate controlling party is P. M. Streeter.

A24 Group Limited is the parent undertaking of the smallest and largest group of which the company is a member for which group accounts are prepared. The financial statements of A24 Group Limited can be obtained from Companies House.