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REGISTERED NUMBER: 13487029 (England and Wales)















CLINATOL INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






CLINATOL INVESTMENTS LIMITED (REGISTERED NUMBER: 13487029)

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


CLINATOL INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: C A Jessup





REGISTERED OFFICE: 1 Station Court Station Court
Girton Road
Cannock
Staffordshire
WS11 0EJ





REGISTERED NUMBER: 13487029 (England and Wales)

CLINATOL INVESTMENTS LIMITED (REGISTERED NUMBER: 13487029)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 8,023,141 8,023,141

CURRENT ASSETS
Stocks 1,113,302 1,443,710
Debtors 5 25,673,218 23,923,447
Cash at bank 23,380,933 19,105,867
50,167,453 44,473,024
CREDITORS
Amounts falling due within one year 6 (5,008,123 ) (872,494 )
NET CURRENT ASSETS 45,159,330 43,600,530
TOTAL ASSETS LESS CURRENT LIABILITIES 53,182,471 51,623,671

PROVISIONS FOR LIABILITIES (488,450 ) (220,353 )
NET ASSETS 52,694,021 51,403,318

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 52,693,921 51,403,218
SHAREHOLDERS' FUNDS 52,694,021 51,403,318

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 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.

CLINATOL INVESTMENTS LIMITED (REGISTERED NUMBER: 13487029)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 August 2024 and were signed by:





C A Jessup - Director


CLINATOL INVESTMENTS LIMITED (REGISTERED NUMBER: 13487029)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Clinatol Investments 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 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

Sale of land and property
Revenue from the sale of land and property is recognised when the significant risks nd rewards of ownership of the goods have passed to the buyer and the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rental income
Rental income from operating leases (net of any incentives given to the lessees) is recognised on a straight-line basis over the lease term.

Interest receivable
Interest income is recognised using the effective interest method is recognised as the company's right to receive payment is established.

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

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

CLINATOL INVESTMENTS LIMITED (REGISTERED NUMBER: 13487029)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Change in reporting period
Due to it being the company's first set of accounts to be produced, the prior year's accounting period was extended to 18 months. As a result of this, the comparatives are not entirely comparable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 January 2023
and 31 December 2023 8,023,141
NET BOOK VALUE
At 31 December 2023 8,023,141
At 31 December 2022 8,023,141

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Shareholders' loan accounts 755,752 -
Amounts owed by connected parties 5,239,220 3,070
Directors' current accounts - 75,000
Prepayments and accrued income 588 885
5,995,560 78,955

CLINATOL INVESTMENTS LIMITED (REGISTERED NUMBER: 13487029)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Amounts owed by connected parties - 5,239,220
Loan notes 19,677,658 18,605,272
19,677,658 23,844,492

Aggregate amounts 25,673,218 23,923,447

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,343 12,269
Tax 149,592 131,208
Amounts owed to connected parties 241,220 724,817
Directors' current accounts 4,606,968 -
Accrued expenses 3,000 4,200
5,008,123 872,494

7. CALLED UP SHARE CAPITAL

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2023 and the period ended 31 December 2022:

2023 2022
£    £   
C A Jessup
Balance outstanding at start of year 75,000 -
Amounts advanced - 75,000
Amounts repaid (75,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 75,000

The loan has been provided interest free and is repayable on demand.

CLINATOL INVESTMENTS LIMITED (REGISTERED NUMBER: 13487029)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. RELATED PARTY DISCLOSURES

During the year, the company made a loan of £755,752 to the shareholder, Miss O Jessup. The balance is repayable on demand and interest at a rate of 2.25% has been levied on the loan.