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REGISTERED NUMBER: 13966253 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2024

FOR

CLOVER HR SERVICES (HOLDINGS) LIMITED

CLOVER HR SERVICES (HOLDINGS) LIMITED (REGISTERED NUMBER: 13966253)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


CLOVER HR SERVICES (HOLDINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







Directors: M D Doolin
Mrs J C Riley





Registered office: Grosvenor House
11 St Paul's Square
Birmingham
B3 1RB





Registered number: 13966253 (England and Wales)

CLOVER HR SERVICES (HOLDINGS) LIMITED (REGISTERED NUMBER: 13966253)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £ £ £ £
Fixed assets
Investments 4 7,601 100

Current assets
Debtors 5 223,219 70,053
Cash at bank 115,463 140,219
338,682 210,272
Creditors
Amounts falling due within one year 6 156,239 20,272
Net current assets 182,443 190,000
Total assets less current liabilities 190,044 190,100

Capital and reserves
Called up share capital 7 100 100
Retained earnings 189,944 190,000
Shareholders' funds 190,044 190,100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

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

CLOVER HR SERVICES (HOLDINGS) LIMITED (REGISTERED NUMBER: 13966253)

BALANCE SHEET - continued
31ST MARCH 2024


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 Board of Directors and authorised for issue on 21st June 2024 and were signed on its behalf by:





M D Doolin - Director


CLOVER HR SERVICES (HOLDINGS) LIMITED (REGISTERED NUMBER: 13966253)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. Statutory information

Clover HR Services (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.

Preparation of consolidated financial statements
The financial statements contain information about Clover HR Services (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.

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

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 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.

CLOVER HR SERVICES (HOLDINGS) LIMITED (REGISTERED NUMBER: 13966253)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all of the risks and rewards of the ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.




CLOVER HR SERVICES (HOLDINGS) LIMITED (REGISTERED NUMBER: 13966253)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


2. Accounting policies - continued
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducing all of its liabilities.
Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans, loans from fellow group companies and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities
Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

3. Employees (including officers)

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

4. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1st April 2023 100
Additions 7,501
At 31st March 2024 7,601
Net book value
At 31st March 2024 7,601
At 31st March 2023 100

CLOVER HR SERVICES (HOLDINGS) LIMITED (REGISTERED NUMBER: 13966253)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. Fixed asset investments - continued

The company's investments at the Balance sheet date in the share capital of companies include the following:

Clover HR Services Limited
Registered office: Grosvenor House, 11 St Paul's Square, Birmingham, England, B3 1RB
Nature of business: Provision of human resources
%
Class of shares: holding
Ordinary shares 100.00
31.3.24 31.3.23
£ £
Aggregate capital and reserves 149,908 107,698

Clover HR Consulting Limited
Registered office: Grosvenor House, 11 St. Pauls Square, Birmingham, England, B3 1RB
Nature of business: Management consultancy activities
%
Class of shares: holding
Ordinary shares 100.00
31.3.24 31.3.23
£ £
Aggregate capital and reserves 1 1

5. Debtors
31.3.24 31.3.23
£ £
Amounts falling due within one year:
Amounts owed by group undertakings - 70,053
Directors' loan accounts 182,019 -
182,019 70,053

Amounts falling due after more than one year:
S455 tax 41,200 -

Aggregate amounts 223,219 70,053

CLOVER HR SERVICES (HOLDINGS) LIMITED (REGISTERED NUMBER: 13966253)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


6. Creditors: amounts falling due within one year
31.3.24 31.3.23
£ £
Amounts owed to group undertakings 115,039 -
S455 tax 41,200 -
Directors' loan accounts - 20,272
156,239 20,272

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £ £
100 Ordinary shares £1 100 100

8. Contingent liabilities & lease commitments

There were no contingent liabilities or lease commitments as at 31st March 2024.

9. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The directors

During the year, the directors used a current account with the company to records amounts due to them and amounts drawn by them. Loans and advances totalling £258,136 and repayments of £76,117 were made during the year. The balance at the year end was £182,019 owed to the company (2023: £20,272 owed by the company).