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REGISTERED NUMBER: 01388885 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

CLOAKDEAN LIMITED

CLOAKDEAN LIMITED (REGISTERED NUMBER: 01388885)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLOAKDEAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: E J Bailey
Mrs R J L Ing





SECRETARY: E J Bailey





REGISTERED OFFICE: The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ





REGISTERED NUMBER: 01388885 (England and Wales)





ACCOUNTANTS: RE Group Accountants Limited
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ

CLOAKDEAN LIMITED (REGISTERED NUMBER: 01388885)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 388,145 259,829
Investments 5 27,500 27,500
415,645 287,329

CURRENT ASSETS
Debtors 6 28,892 27,387
Cash at bank and in hand 21,362 51,502
50,254 78,889
CREDITORS
Amounts falling due within one year 7 89,574 94,439
NET CURRENT LIABILITIES (39,320 ) (15,550 )
TOTAL ASSETS LESS CURRENT LIABILITIES 376,325 271,779

CREDITORS
Amounts falling due after more than one
year

8

92,308

97,822
NET ASSETS 284,017 173,957

CAPITAL AND RESERVES
Called up share capital 9 10 10
Revaluation reserve 10 220,015 95,015
Retained earnings 63,992 78,932
SHAREHOLDERS' FUNDS 284,017 173,957

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

CLOAKDEAN LIMITED (REGISTERED NUMBER: 01388885)

BALANCE SHEET - continued
30 JUNE 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 4 March 2024 and were signed on its behalf by:





Mrs R J L Ing - Director


CLOAKDEAN LIMITED (REGISTERED NUMBER: 01388885)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Cloakdean 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 as modified by the revaluation of certain assets.

Turnover
The company's turnover represents the value, excluding value added tax, of services supplied to customers during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Freehold property and improvements to property are included in the balance sheet at an open market value and are not depreciated.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 11 ) .

CLOAKDEAN LIMITED (REGISTERED NUMBER: 01388885)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 July 2022 150,000 4,610 238,368 15,678 408,656
Additions - - 39,495 150 39,645
Disposals - - (30,842 ) - (30,842 )
Revaluations 125,000 - - - 125,000
At 30 June 2023 275,000 4,610 247,021 15,828 542,459
DEPRECIATION
At 1 July 2022 - 3,863 132,661 12,303 148,827
Charge for year - 187 29,556 875 30,618
Eliminated on disposal - - (25,131 ) - (25,131 )
At 30 June 2023 - 4,050 137,086 13,178 154,314
NET BOOK VALUE
At 30 June 2023 275,000 560 109,935 2,650 388,145
At 30 June 2022 150,000 747 105,707 3,375 259,829

Cost or valuation at 30 June 2023 is represented by:

Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
Valuation in 2005 39,493 - - - 39,493
Valuation in 2006 2,255 - - - 2,255
Valuation in 2007 267 - - - 267
Valuation in 2017 47,000 - - - 47,000
Valuation in 2023 125,000 - - - 125,000
Cost 60,985 4,610 247,021 15,828 328,444
275,000 4,610 247,021 15,828 542,459

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 60,985 60,985

Value of land in freehold land and buildings 60,985 60,985

Leasehold land and buildings were valued on an open market basis basis on 31 March 2023 by .

CLOAKDEAN LIMITED (REGISTERED NUMBER: 01388885)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 July 2022 54,818
Additions 39,495
Transfer to ownership (13,000 )
At 30 June 2023 81,313
DEPRECIATION
At 1 July 2022 7,167
Charge for year 15,472
Transfer to ownership (4,469 )
At 30 June 2023 18,170
NET BOOK VALUE
At 30 June 2023 63,143
At 30 June 2022 47,651

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 July 2022
and 30 June 2023 27,500
NET BOOK VALUE
At 30 June 2023 27,500
At 30 June 2022 27,500

Cost or valuation at 30 June 2023 is represented by:

Other
investments
£   
Valuation in 2015 6,000
Cost 21,500
27,500

CLOAKDEAN LIMITED (REGISTERED NUMBER: 01388885)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. FIXED ASSET INVESTMENTS - continued

If investments had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 21,500 21,500

Investments were valued on an open market basis on 30 June 2020 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,208 15,308
Other debtors 9,684 12,079
28,892 27,387

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 27,673 23,627
Hire purchase contracts 20,567 19,197
Trade creditors 12,370 15,359
Taxation and social security 22,504 25,806
Other creditors 6,460 10,450
89,574 94,439

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 20,833 30,833
Hire purchase contracts 16,055 8,087
Other creditors 55,420 58,902
92,308 97,822

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary "A" £1 1 1
9 Ordinary "B" £1 9 9
10 10

CLOAKDEAN LIMITED (REGISTERED NUMBER: 01388885)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

10. RESERVES
Revaluation
reserve
£   
At 1 July 2022 95,015
Revaluation during the year 125,000

At 30 June 2023 220,015