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REGISTERED NUMBER: 08996249 (England and Wales)















Clareu Ltd

Unaudited Financial Statements for the Year Ended 30 April 2024






Clareu Ltd (Registered number: 08996249)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Clareu Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr S Davies
Dr E Davies





REGISTERED OFFICE: Lola House
Turner Crescent
Chesterton
Newcastle-Under-Lyme
Staffordshire
ST5 7JZ





REGISTERED NUMBER: 08996249 (England and Wales)





ACCOUNTANTS: Marshall Accountancy Ltd
St Mary's House
Crewe Road
Alsager
Stoke-On-Trent
ST7 2EW

Clareu Ltd (Registered number: 08996249)

Abridged Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 179 358
Tangible assets 5 2,839 3,340
Investment property 6 678,506 678,506
681,524 682,204

CURRENT ASSETS
Debtors 628 -
Cash at bank 12,789 3,800
13,417 3,800
CREDITORS
Amounts falling due within one year (65,147 ) (79,672 )
NET CURRENT LIABILITIES (51,730 ) (75,872 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

629,794

606,332

CREDITORS
Amounts falling due after more than one year (433,059 ) (443,801 )

PROVISIONS FOR LIABILITIES (539 ) (635 )
NET ASSETS 196,196 161,896

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 196,194 161,894
SHAREHOLDERS' FUNDS 196,196 161,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

Clareu Ltd (Registered number: 08996249)

Abridged Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Profit and Loss and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





Dr E Davies - Director


Clareu Ltd (Registered number: 08996249)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Clareu Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

Clareu Ltd (Registered number: 08996249)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 1,790
AMORTISATION
At 1 May 2023 1,432
Amortisation for year 179
At 30 April 2024 1,611
NET BOOK VALUE

At 30 April 2024 179
At 30 April 2023 358

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 7,834
DEPRECIATION
At 1 May 2023 4,494
Charge for year 501
At 30 April 2024 4,995
NET BOOK VALUE
At 30 April 2024 2,839
At 30 April 2023 3,340

Clareu Ltd (Registered number: 08996249)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 678,506
NET BOOK VALUE
At 30 April 2024 678,506
At 30 April 2023 678,506

Fair value at 30 April 2023 is represented by:
Cost of Lola House, Turner Crescent, ST5 7JZ: £678,506

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 433,059 443,801

The NatWest bank loan of £443,801 is secured by way of a fixed charge over the freehold property at Lola House, Turner Crescent, Newcastle, Staffordshire, ST5 7JZ, title number SF461535.

8. RELATED PARTY DISCLOSURES

2024 2023
£ £

Directors' loan account
Balance brought forward (1,966 ) (43,954 )
(Capital Introduced)/Drawings (1,115 ) 41,988
Dividends - -
Balance carried forward (3,081 ) (1,966 )

Company under common control


Rent to the value of £65,000 (2023: £49,750) was received during the year from Protectapet Ltd, a company under common control. Loans to the value of of £1,038 (2023: £6,863) were also received during the year and loan repayments to the value of £0 (2023: £177,500) were made during the year.

2024 2023
£    £   
Amount due to related party at the balance sheet date 53,221 52,183