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REGISTERED NUMBER: 08483948 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

CLAPGATE SELF STORAGE LIMITED

CLAPGATE SELF STORAGE LIMITED (REGISTERED NUMBER: 08483948)

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










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


CLAPGATE SELF STORAGE LIMITED (REGISTERED NUMBER: 08483948)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 311,082 133,515

CURRENT ASSETS
Debtors 5 86,346 4,691
Cash at bank and in hand 2,673 24,876
89,019 29,567
CREDITORS
Amounts falling due within one year 6 230,766 36,121
NET CURRENT LIABILITIES (141,747 ) (6,554 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

169,335

126,961

CREDITORS
Amounts falling due after more than one
year

7

(15,846

)

(23,257

)

PROVISIONS FOR LIABILITIES (38,472 ) (21,784 )
NET ASSETS 115,017 81,920

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 114,917 81,820
SHAREHOLDERS' FUNDS 115,017 81,920

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

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

CLAPGATE SELF STORAGE LIMITED (REGISTERED NUMBER: 08483948)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 March 2024 and were signed by:





M Yaseen - Director


CLAPGATE SELF STORAGE LIMITED (REGISTERED NUMBER: 08483948)

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


1. STATUTORY INFORMATION

Clapgate Self Storage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08483948

Registered office: 368 Forest Road
London
E17 5JF

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.

Turnover
Turnover 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

CLAPGATE SELF STORAGE LIMITED (REGISTERED NUMBER: 08483948)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Short Plant and and
property leasehold machinery fittings Totals
£    £    £    £    £   
COST
At 1 May 2022 14,652 - 249,625 37,456 301,733
Additions - 93,948 133,058 11,375 238,381
Disposals - - (72,834 ) - (72,834 )
At 30 April 2023 14,652 93,948 309,849 48,831 467,280
DEPRECIATION
At 1 May 2022 - - 150,163 18,055 168,218
Charge for year - - 46,489 4,506 50,995
Eliminated on disposal - - (63,015 ) - (63,015 )
At 30 April 2023 - - 133,637 22,561 156,198
NET BOOK VALUE
At 30 April 2023 14,652 93,948 176,212 26,270 311,082
At 30 April 2022 14,652 - 99,462 19,401 133,515

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,471 1,130
Amounts owed by connected undertakings 85,781 3,500
Other debtors (1,906 ) 61
86,346 4,691

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 7,500 7,500
Trade creditors 1,471 3,275
Taxation and social security 8,712 6,359
Other creditors 213,083 18,987
230,766 36,121

CLAPGATE SELF STORAGE LIMITED (REGISTERED NUMBER: 08483948)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 15,846 23,257

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 7,500 7,500

Amounts falling due between one and two years:
Bank loans - 1-2 years 7,500 7,500

Amounts falling due between two and five years:
Bank loans - 2-5 years 8,346 15,757

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:


2023 2022
£    £   
Amounts owed by/(to) M Yaseen (Director) <1yr (205,773 ) (13,433 )
Amounts owed by/(to) Nether Self Storage Ltd (Connected
Undertaking)

11,250

3,500
Amounts owed by/(to) Storage Solutions Essex Ltd (Connected
Undertaking)

74,531

Connected Undertakings
A company having the same or predominantly the same shareholders and or Board of Directors but which neither is a parent, subsidiary, fellow subsidiary nor associated company.

The controlling party is M Yaseen.