CLAEG LTD
Registered number: 10103630
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Investments 2 1,535,059 1,535,059
Current assets
Cash at bank and in hand 155 187
Creditors: amounts falling due within one year 3 (109,078) (113,073)
Net current liabilities (108,923) (112,886)
Total assets less current liabilities 1,426,136 1,422,173
Creditors: amounts falling due after more than one year 4 (666,082) (771,607)
Net assets 760,054 650,566
Capital and reserves
Called up share capital 1 1
Profit and loss account 760,053 650,565
Shareholders' funds 760,054 650,566
Average number of Employees - -
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr T Strivens
Director
Approved by the board on 5 March 2024
CLAEG LTD
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.
2 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 February 2023 1,535,059
At 31 January 2024 1,535,059
3 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 660 660
Amounts owed to group undertakings and undertakings in which the company has a participating interest 8,409 12,409
Corporation tax 13 8
Other creditors 99,996 99,996
109,078 113,073
4 Creditors: amounts falling due after one year 2024 2023
£ £
Directors Loan 82,516 88,045
Other creditors 583,566 683,562
666,082 771,607
5 Controlling party
The controlling party is Mr T Strivens due to his 51% shareholding.
6 Other information
CLAEG LTD is a private company limited by shares and incorporated in England. Its registered office is:
Glaven Farm Barn
Thornage road
Letheringsett
Norfolk NR25 7JE
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