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Company Registration No. 09767020 (England and Wales)
Cloud Twelve Club Ltd Unaudited accounts for the year ended 31 December 2023
Cloud Twelve Club Ltd Unaudited accounts Contents
Page
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Cloud Twelve Club Ltd Company Information for the year ended 31 December 2023
Director
E Emets
Company Number
09767020 (England and Wales)
Registered Office
2 - 5 Colville Mews London W11 2DA England
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Cloud Twelve Club Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,775,796 
3,891,026 
Investments
26,616 
26,616 
3,802,412 
3,917,642 
Current assets
Debtors
605,384 
638,362 
Cash at bank and in hand
20,196 
14,182 
625,580 
652,544 
Creditors: amounts falling due within one year
(11,324,250)
(11,174,337)
Net current liabilities
(10,698,670)
(10,521,793)
Net liabilities
(6,896,258)
(6,604,151)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(6,896,259)
(6,604,152)
Shareholders' funds
(6,896,258)
(6,604,151)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 September 2024 and were signed on its behalf by
E Emets Director Company Registration No. 09767020
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Cloud Twelve Club Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Cloud Twelve Club Ltd is a private company, limited by shares, registered in England and Wales, registration number 09767020. The registered office is 2 - 5 Colville Mews, London, W11 2DA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
The company is being supported in the form of interest free loans that are repayable on demand from the directors to cover the costs. This support will continue for the foreseeable future and therefore the directors believe the Company to be a going concern.
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Cloud Twelve Club Ltd Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Land & buildings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
5,356,420 
948,873 
6,305,293 
At 31 December 2023
5,356,420 
948,873 
6,305,293 
Depreciation
At 1 January 2023
1,488,959 
925,308 
2,414,267 
Charge for the year
92,013 
23,217 
115,230 
At 31 December 2023
1,580,972 
948,525 
2,529,497 
Net book value
At 31 December 2023
3,775,448 
348 
3,775,796 
At 31 December 2022
3,867,461 
23,565 
3,891,026 
5
Investments
Other investments 
£ 
Valuation at 1 January 2023
26,616 
Valuation at 31 December 2023
26,616 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,601 
19,112 
Accrued income and prepayments
3,261 
- 
Other debtors
522 
19,250 
5,384 
38,362 
Amounts falling due after more than one year
Other debtors
600,000 
600,000 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
103,886 
80,480 
Taxes and social security
151,445 
144,113 
Other creditors
11,068,919 
10,949,744 
11,324,250 
11,174,337 
8
Transactions with related parties
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.
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Cloud Twelve Club Ltd Notes to the Accounts for the year ended 31 December 2023
9
Average number of employees
During the year the average number of employees was 21 (2022: 23).
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