Company registration number 02879612 (England and Wales)
CLONMOUNT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
CLONMOUNT LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
CLONMOUNT LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
14,264
14,264
Current assets
Debtors
1,632
1,696
Cash at bank and in hand
13,999
16,378
15,631
18,074
Creditors: amounts falling due within one year
(1,643)
(3,938)
Net current assets
13,988
14,136
Total assets less current liabilities
28,252
28,400
Creditors: amounts falling due after more than one year
(14,100)
(14,100)
Net assets
14,152
14,300
Capital and reserves
Called up share capital
(12)
(12)
Profit and loss reserves
14,164
14,312
Total equity
14,152
14,300

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

CLONMOUNT LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 10 September 2024 and are signed on its behalf by:
M. Stefanutti
Director
Company Registration No. 02879612
CLONMOUNT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information

Clonmount Limited is a private company limited by shares incorporated in England and Wales. The registered office is Springfield House, 23 Oatlands Drive, Weybridge, England, KT13 9LZ.

1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

 

The Company has no income or expenditure in its own right, other than receipt of ground rents and costs relating to their collection and annual statutory expenses. All other transactions in the year relate to maintenance of the common parts in accordance with the lease. Income and expenditure arising form these transactions is shown in separate service charge accounts for the property that do not form part of the annual accounts of the company and are not filed at Companies House. All service charge monies received from lessees of the property are held on trust for the lessees.

1.2
Turnover

Turnover represents amounts receivable during the year for ground rents from residents at St. Charles Court.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
None

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.4
Taxation
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

CLONMOUNT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2023-12-312023-01-01false10 September 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityM. StefanuttiM J Leatherfalsefalse2028796122023-01-012023-12-31028796122023-12-31028796122022-12-3102879612core:CurrentFinancialInstruments2023-12-3102879612core:CurrentFinancialInstruments2022-12-3102879612core:Non-currentFinancialInstruments2023-12-3102879612core:Non-currentFinancialInstruments2022-12-3102879612core:ShareCapital2023-12-3102879612core:ShareCapital2022-12-3102879612core:RetainedEarningsAccumulatedLosses2023-12-3102879612core:RetainedEarningsAccumulatedLosses2022-12-3102879612bus:Director12023-01-012023-12-3102879612core:LandBuildingscore:OwnedOrFreeholdAssets2023-01-012023-12-3102879612bus:PrivateLimitedCompanyLtd2023-01-012023-12-3102879612bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3102879612bus:FRS1022023-01-012023-12-3102879612bus:AuditExemptWithAccountantsReport2023-01-012023-12-3102879612bus:Director22023-01-012023-12-3102879612bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP