REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 June 2023 |
for |
CLOCKWORK HOLDINGS LIMITED |
REGISTERED NUMBER: |
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: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
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 |
Investments | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current assets/(liabilities) | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
8 |
Net assets |
Capital and reserves |
Called up share capital | 10 |
Share premium |
Capital redemption reserve |
Retained earnings |
Shareholders' funds |
CLOCKWORK HOLDINGS LIMITED (REGISTERED NUMBER: 03693141) |
Balance Sheet - continued |
30 June 2023 |
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. |
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 |
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 |
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 |
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 |
Freehold property | - |
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 |
Depreciation |
At 1 July 2022 |
Charge for year |
At 30 June 2023 |
Net book value |
At 30 June 2023 |
At 30 June 2022 |
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 |
Net book value |
At 30 June 2023 |
At 30 June 2022 |
6. | Debtors: amounts falling due within one year |
30/6/23 | 30/6/22 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
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 |
Taxation and social security |
Other creditors |
8. | Creditors: amounts falling due after more than one year |
30/6/23 | 30/6/22 |
£ | £ |
Bank loans |
9. | Secured debts |
The following secured debts are included within creditors: |
30/6/23 | 30/6/22 |
£ | £ |
Bank loans |
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 |
B ordinary | £1 | 6,500 | 6,500 |
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 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |