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REGISTERED NUMBER: 03680628 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Fleetcliff (Holdings) Limited

Fleetcliff (Holdings) Limited (Registered number: 03680628)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fleetcliff (Holdings) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S Gregory
B Taylor
B Mitchell





REGISTERED OFFICE: 68 School Road
Tilehurst
Reading
RG31 5AW





REGISTERED NUMBER: 03680628 (England and Wales)






Fleetcliff (Holdings) Limited (Registered number: 03680628)

Balance Sheet
31 December 2023

31.12.23 31.12.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,621 21,554
Tangible assets 5 61,245 41,813
66,866 63,367

CURRENT ASSETS
Debtors 6 278,138 288,100
Investments 7 147,019 157,052
Cash at bank 9,534 134,852
434,691 580,004
CREDITORS
Amounts falling due within one year 8 71,727 63,588
NET CURRENT ASSETS 362,964 516,416
TOTAL ASSETS LESS CURRENT
LIABILITIES

429,830

579,783

CREDITORS
Amounts falling due after more than one year 9 (107,616 ) (154,213 )

PROVISIONS FOR LIABILITIES 11 (11,636 ) (7,945 )
NET ASSETS 310,578 417,625

CAPITAL AND RESERVES
Called up share capital 99 83
Retained earnings 12 310,479 417,542
310,578 417,625

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Fleetcliff (Holdings) Limited (Registered number: 03680628)

Balance Sheet - continued
31 December 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 29 July 2024 and were signed on its behalf by:





B Mitchell - Director


Fleetcliff (Holdings) Limited (Registered number: 03680628)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Fleetcliff (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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - in accordance with the property
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

Fleetcliff (Holdings) Limited (Registered number: 03680628)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 159,349
AMORTISATION
At 1 January 2023 137,795
Amortisation for year 15,933
At 31 December 2023 153,728
NET BOOK VALUE
At 31 December 2023 5,621
At 31 December 2022 21,554

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 39,649 10,679 60,555 21,533 132,416
Additions 26,659 - 1,639 2,629 30,927
At 31 December 2023 66,308 10,679 62,194 24,162 163,343
DEPRECIATION
At 1 January 2023 24,465 6,261 49,596 10,281 90,603
Charge for year 4,048 1,332 3,005 3,110 11,495
At 31 December 2023 28,513 7,593 52,601 13,391 102,098
NET BOOK VALUE
At 31 December 2023 37,795 3,086 9,593 10,771 61,245
At 31 December 2022 15,184 4,418 10,959 11,252 41,813

Fleetcliff (Holdings) Limited (Registered number: 03680628)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
as restated
£    £   
Other debtors 1,551 5,782
Related company 268,522 277,697
VAT 5,574 4,621
Prepayments 2,491 -
278,138 288,100

7. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
as restated
£    £   
Shares in group undertakings 147,019 157,052

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
as restated
£    £   
Bank loans and overdrafts (see note 10) 63,087 48,736
Trade creditors 7,390 5,458
Tax (9,039 ) -
Social security and other taxes 6,343 5,132
Wages payable 2,939 -
Pension control account 1,007 4,229
Directors' current accounts - 33
71,727 63,588

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
as restated
£    £   
Bank loans (see note 10) 107,616 154,213

Fleetcliff (Holdings) Limited (Registered number: 03680628)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
as restated
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 13,363 -
Bank loans 49,724 48,736
63,087 48,736

Amounts falling due between one and two years:
Bank loans - 1-2 years 49,724 48,736

Amounts falling due between two and five years:
Bank loans - 2-5 years 57,892 105,477

11. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
as restated
£    £   
Deferred tax 11,636 7,945

Deferred
tax
£   
Balance at 1 January 2023 7,945
Provided during year 3,691
Balance at 31 December 2023 11,636

12. RESERVES
Retained
earnings
£   

At 1 January 2023 417,542
Profit for the year 71,943
Dividends (179,006 )
At 31 December 2023 310,479

Fleetcliff (Holdings) Limited (Registered number: 03680628)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
as restated
£    £   
B Taylor
Balance outstanding at start of year - (234 )
Amounts advanced 34,590 2,757
Amounts repaid (34,590 ) (2,523 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

S Gregory
Balance outstanding at start of year (33 ) (881 )
Amounts advanced 1,069 1,160
Amounts repaid (1,036 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (33 )

B Mitchell
Balance outstanding at start of year - (78 )
Amounts advanced 1,066 1,102
Amounts repaid (1,066 ) (1,024 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

D Kempson
Balance outstanding at start of year - (1,022 )
Amounts advanced - 2,018
Amounts repaid - (996 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The directors' current accounts balance of £Nil (2022: £33) have no fixed date for repayment, are repayable upon demand and are non-interest bearing.