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REGISTERED NUMBER: 10804051 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

THE CLEVELAND GROUP LIMITED

THE CLEVELAND GROUP LIMITED (REGISTERED NUMBER: 10804051)






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


THE CLEVELAND GROUP LIMITED

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Dr E Dangoor
R Samra
R G Dangoor





REGISTERED OFFICE: 26 Cleveland Gardens
London
W2 6DE





REGISTERED NUMBER: 10804051 (England and Wales)





ACCOUNTANTS: Primera Accountants Limited
First Floor
Spitalfields House
Stirling Way
Borehamwood
Hertfordshire
WD6 2FX

THE CLEVELAND GROUP LIMITED (REGISTERED NUMBER: 10804051)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 126,213 -
Investments 5 95 95
Investment property 6 11,569,532 10,140,000
11,695,840 10,140,095

CURRENT ASSETS
Debtors 7 1,710,270 3,230,893
Cash at bank and in hand 389,296 412,331
2,099,566 3,643,224
CREDITORS
Amounts falling due within one year 8 (175,921 ) (166,770 )
NET CURRENT ASSETS 1,923,645 3,476,454
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,619,485

13,616,549

CREDITORS
Amounts falling due after more than one
year

9

-

(32,500

)

PROVISIONS FOR LIABILITIES (1,029,879 ) (1,029,879 )
NET ASSETS 12,589,606 12,554,170

CAPITAL AND RESERVES
Called up share capital 10 66,661 66,661
Share premium 81,420 81,420
Retained earnings 12,441,525 12,406,089
SHAREHOLDERS' FUNDS 12,589,606 12,554,170

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.

THE CLEVELAND GROUP LIMITED (REGISTERED NUMBER: 10804051)

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 7 March 2024 and were signed on its behalf by:





R Samra - Director


THE CLEVELAND GROUP LIMITED (REGISTERED NUMBER: 10804051)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

The Cleveland Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about The Cleveland Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Judgements in respect of recognition of fair value of investment properties and investment in subsidiaries have had the most significant effects on amounts recognised in the financial statements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 33% on cost

Investments in subsidiaries
Investment in subsidiaries are initially recorded at cost less any provision for impairment.

Investment property
Investment properties are carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers and directors. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

No depreciation is provided on investment properties.

THE CLEVELAND GROUP LIMITED (REGISTERED NUMBER: 10804051)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Schedule 1A of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and
preference shares that are classified as debt, are initially recognised at transaction price unless the
arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.



Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

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.


THE CLEVELAND GROUP LIMITED (REGISTERED NUMBER: 10804051)

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2022 - 11,153 11,153
Additions 135,463 - 135,463
At 30 June 2023 135,463 11,153 146,616
DEPRECIATION
At 1 July 2022 - 11,153 11,153
Charge for year 9,250 - 9,250
At 30 June 2023 9,250 11,153 20,403
NET BOOK VALUE
At 30 June 2023 126,213 - 126,213
At 30 June 2022 - - -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 95
NET BOOK VALUE
At 30 June 2023 95
At 30 June 2022 95

THE CLEVELAND GROUP LIMITED (REGISTERED NUMBER: 10804051)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Dawnsnow Limited
Registered office: 81 Kensington Gardens Square, London, W2 4DJ
Nature of business: Property investment
%
Class of shares: holding
Ordinary 100.00
31.5.23 31.5.22
£    £   
Aggregate capital and reserves 11 91
Loss for the year (81 ) (1,199 )

Holaw (398) Limited
Registered office: Stone House, Suit One,26 Cleveland Gardens, London, W2 6DE
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
31.5.23 31.5.22
£    £   
Aggregate capital and reserves 2 2

Holaw (399) Limited
Registered office: Stone House, Suit One, 26 Cleveland Gardens, London, W2 6DE
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
31.5.23 31.5.22
£    £   
Aggregate capital and reserves 2 2

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 10,140,000
Additions 1,429,532
At 30 June 2023 11,569,532
NET BOOK VALUE
At 30 June 2023 11,569,532
At 30 June 2022 10,140,000

The freehold properties are stated at their fair value at the year end by the directors, they do not consider that there has been any change in the fair value of the properties during the year.

THE CLEVELAND GROUP LIMITED (REGISTERED NUMBER: 10804051)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 1,710,270 3,230,893

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts - 10,000
Trade creditors 165,173 29,107
Taxation and social security - 48,140
Other creditors 10,748 79,523
175,921 166,770

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans - 32,500

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
66,660 Ordinary Share 1 66,661 66,661
1 Deferred share 1 - -
66,661 66,661

11. RELATED PARTY DISCLOSURES

Included in other debtors amounts falling due within one year is an amount of £1,609,217 (2022: £3,224,401) owed by related companies which are repayable on demand and interest free.

During the year the company made purchases amounting to £144,854 from a related company.