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REGISTERED NUMBER: 03693141 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

CLOCKWORK HOLDINGS LIMITED

CLOCKWORK HOLDINGS LIMITED (REGISTERED NUMBER: 03693141)

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


CLOCKWORK HOLDINGS LIMITED

Company Information
for the year ended 30 June 2023







Director: J J Viney





Secretary: C M Plews





Registered office: Unit 6, Network Point
Range Road
Witney
Oxfordshire
OX29 0YN





Registered number: 03693141 (England and Wales)





Accountants: Cooper Parry Advisory Limited
3 Danebrook Court
Langford Lane
Kidlington
Oxfordshire
OX5 1LQ

CLOCKWORK HOLDINGS LIMITED (REGISTERED NUMBER: 03693141)

Balance Sheet
30 June 2023

30/6/23 30/6/22
Notes £ £ £ £
Fixed assets
Tangible assets 4 551,333 565,933
Investments 5 25,000 25,000
576,333 590,933

Current assets
Debtors 6 751,196 820,450
Cash at bank 172 400
751,368 820,850
Creditors
Amounts falling due within one year 7 134,149 854,828
Net current assets/(liabilities) 617,219 (33,978 )
Total assets less current liabilities 1,193,552 556,955

Creditors
Amounts falling due after more than one
year

8

690,169

-
Net assets 503,383 556,955

Capital and reserves
Called up share capital 10 75,500 75,500
Share premium 320,000 320,000
Capital redemption reserve 24,500 24,500
Retained earnings 83,383 136,955
Shareholders' funds 503,383 556,955

CLOCKWORK HOLDINGS LIMITED (REGISTERED NUMBER: 03693141)

Balance Sheet - continued
30 June 2023


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 director acknowledges his 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 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 director and authorised for issue on 11 March 2024 and were signed by:





J J Viney - Director


CLOCKWORK HOLDINGS LIMITED (REGISTERED NUMBER: 03693141)

Notes to the Financial Statements
for the year ended 30 June 2023


1. Statutory information

Clockwork Holdings 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 financial statements are presented in Sterling, which is the functional currency of the company, rounded to the nearest £1.

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 Clockwork Holdings 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.

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 - 2% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Going concern
The director has made an assessment of the company's ability to continue as a going concern and has identified no material uncertainties that may cast a significant doubt on the ability of the company to continue as a going concern for the foreseeable future.

3. Employees and directors

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

CLOCKWORK HOLDINGS LIMITED (REGISTERED NUMBER: 03693141)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


4. Tangible fixed assets
Land and
buildings
£
Cost
At 1 July 2022
and 30 June 2023 860,571
Depreciation
At 1 July 2022 294,638
Charge for year 14,600
At 30 June 2023 309,238
Net book value
At 30 June 2023 551,333
At 30 June 2022 565,933

Included in cost of land and buildings is freehold land of £ 130,571 (2022 - £ 130,571 ) which is not depreciated.

5. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 July 2022
and 30 June 2023 25,000
Net book value
At 30 June 2023 25,000
At 30 June 2022 25,000

6. Debtors: amounts falling due within one year
30/6/23 30/6/22
£ £
Amounts owed by group undertakings 171,891 47,688
Other debtors 579,305 772,762
751,196 820,450

CLOCKWORK HOLDINGS LIMITED (REGISTERED NUMBER: 03693141)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


7. Creditors: amounts falling due within one year
30/6/23 30/6/22
£ £
Bank loans and overdrafts 92,808 807,075
Taxation and social security 37,556 45,817
Other creditors 3,785 1,936
134,149 854,828

8. Creditors: amounts falling due after more than one year
30/6/23 30/6/22
£ £
Bank loans 690,169 -

9. Secured debts

The following secured debts are included within creditors:

30/6/23 30/6/22
£ £
Bank loans 782,977 807,075

Bank loans and overdrafts are secured by fixed charges over all present freehold and leasehold property, book and other debts, chattels, goodwill and uncalled capital both present and future and a floating charge over all assets and undertaking both present and future, dated 8 April 2006.

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/23 30/6/22
value: £ £
NIL A ordinary £1 23,500 23,500
3,250 B ordinary £1 6,500 6,500
45,500 C ordinary £1 45,500 45,500
75,500 75,500

CLOCKWORK HOLDINGS LIMITED (REGISTERED NUMBER: 03693141)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


10. Called up share capital - continued

On 1 July 2004, a resolution was passed dividing the share capital of the company into A ordinary shares, B ordinary shares and C ordinary shares, together known as the ordinary shares.

Each of the ordinary shares has one vote.

Dividends on the A ordinary shares are paid out of only the A and B assets. The dividend payable in respect of each accounting period is no more than £52,000. No dividends are payable on the B ordinary shares. Dividends on the C ordinary shares are paid out of only the C assets.

On a winding up, the assets of the company shall be distributed as follows:
The holders of the A ordinary shares shall be entitled to 550/860 x (V- (V - £860,000) x r) where V is the value of the A and B assets and r is the small companies' rate of corporation tax. This amount shall be paid out of the A and B assets and shall be divided equally among the holders of the A ordinary shares.
The holders of the B ordinary shares shall be entitled to the balance of the A and B assets after the amount due to the A ordinary shareholders. This amount is to be divided equally among them.
The holders of the C ordinary shares shall be entitled to the C assets, to be divided equally among them.

The A and B assets are the company's property at Unit 6, Network Point, Range Road, Witney, Oxfordshire, OX29 0YN or the proceeds of sale of said property.

The C assets are all other assets of the company.

On 2 May 2023, the company purchased 23,500 A ordinary shares and 3,250 B ordinary shares from a member. The shares were cancelled on 2 January 2024.

11. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30/6/23 30/6/22
£ £
J J Viney
Balance outstanding at start of year 597,415 625,318
Amounts advanced 156,543 172,097
Amounts repaid (350,000 ) (200,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 403,958 597,415