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REGISTERED NUMBER: SC464368 (Scotland)


















Financial Statements for the Year Ended 30 November 2023

for

CLAREMONT 20 LTD

CLAREMONT 20 LTD (REGISTERED NUMBER: SC464368)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CLAREMONT 20 LTD

Company Information
for the Year Ended 30 November 2023







DIRECTORS: J A Cochrane
A M Cochrane





REGISTERED OFFICE: 272 Bath Street
Glasgow
G2 4JR





REGISTERED NUMBER: SC464368 (Scotland)





ACCOUNTANTS: BDA Associates Limited
Chartered Accountants
Global House
1 Ashley Avenue
Epsom
Surrey
KT18 5AD

CLAREMONT 20 LTD (REGISTERED NUMBER: SC464368)

Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,809,406 2,809,406

CURRENT ASSETS
Debtors 5 328,308 328,308
Cash at bank and in hand 365 365
328,673 328,673
CREDITORS
Amounts falling due within one year 6 3,144,286 3,143,951
NET CURRENT LIABILITIES (2,815,613 ) (2,815,278 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,207

)

(5,872

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (6,307 ) (5,972 )
SHAREHOLDERS' FUNDS (6,207 ) (5,872 )

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

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

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 23 August 2024 and were signed on its behalf by:





J A Cochrane - Director


CLAREMONT 20 LTD (REGISTERED NUMBER: SC464368)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Claremont 20 Ltd is a private company, limited by shares , registered in Scotland. 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.

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 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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Loans to
other
participating
interests
£   
At 1 December 2022
and 30 November 2023 2,809,406

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Amounts owed by participating interests 328,308 328,308

CLAREMONT 20 LTD (REGISTERED NUMBER: SC464368)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors - 1,200
Amounts owed to related patry 2,930,750 2,928,916
Taxation and social security 1,485 1,485
Other creditors 212,051 212,350
3,144,286 3,143,951

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY TRANSACTIONS

Daxport UK Ltd
A company of which J Cochrane is a director. During the year Claremont 20 Ltd received a further £1,571 in loans form Daxport Uk Ltd resulting in a closing balance of £2,930,486 (2022: £2,928,916) owed to Daxport UK Ltd at the balance sheet date.
This loan is interest free and repayable on demand.

Yasai Holdings LLC
A company which is a subsidiary of Yasai Resources LLP, in which Claremont 20 Ltd has a participating interest.
The balance owed to Claremont 20 Ltd as at the balance sheet date is £328,308 (2022: £328,308), with no repayments made during the year.
The loans are accruing annual interest at 0.1% & 4.9%, and are repayable within 3 years / 6 months respectively.

DIRECTORS' TRANSACTIONS
The balance owed to J Cochrane at 30 November 2023 is £207,850 (2022: £207,850).
The director does not seek repayment within any specific time frame, or any interest on this balance.