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Registration number: 05724559

45-47 Clarence Street Cheltenham Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

45-47 Clarence Street Cheltenham Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

45-47 Clarence Street Cheltenham Limited

Company Information

Director

Mr T Roberts

Registered office

Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

Accountants

Regulatory Accounting Ltd
T/A Optimum Professional Services
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

 

45-47 Clarence Street Cheltenham Limited

(Registration number: 05724559)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

1

1

Current assets

 

Stocks

5

467,455

467,455

Debtors

6

976,702

620,444

Cash at bank and in hand

 

339

527,587

 

1,444,496

1,615,486

Creditors: Amounts falling due within one year

7

(931,570)

(1,081,324)

Net current assets

 

512,926

534,162

Total assets less current liabilities

 

512,927

534,163

Creditors: Amounts falling due after more than one year

7

(525,000)

(525,000)

Net (liabilities)/assets

 

(12,073)

9,163

Capital and reserves

 

Called up share capital

3

3

Retained earnings

(12,076)

9,160

Shareholders' (deficit)/funds

 

(12,073)

9,163

 

45-47 Clarence Street Cheltenham Limited

(Registration number: 05724559)
Balance Sheet as at 31 December 2023

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 September 2024
 

.........................................
Mr T Roberts
Director

 

45-47 Clarence Street Cheltenham Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The principal place of business is:
The Site
24 Chosen View Road
Cheltenham
Gloucestershire
GL51 9LT
England

The address of its registered office is:
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE
England

These financial statements were authorised for issue by the director on 13 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency of these financial statements is pound sterling and rounded to the nearest whole number.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises on a monthly basis in line with the rental agreement and when properties are sold.

 

45-47 Clarence Street Cheltenham Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Stocks

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are set up only where probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

45-47 Clarence Street Cheltenham Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Investments

2023
£

2022
£

Investments in associates

1

1

Associates

£

Cost

At 1 January 2023

1

Provision

Carrying amount

At 31 December 2023

1

At 31 December 2022

1

5

Stocks

2023
£

2022
£

Other inventories

467,455

467,455

6

Debtors

Note

2023
£

2022
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

9

616,185

616,185

Prepayments

 

7,063

4,259

Other debtors

 

353,454

-

 

976,702

620,444

 

45-47 Clarence Street Cheltenham Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

-

3,634

Accruals and deferred income

1,815

1,935

Other creditors

929,755

1,075,755

931,570

1,081,324

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

525,000

525,000

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

525,000

525,000

Included in the loans and borrowings are the following amounts due after more than five years:

Debenture loans after five years

The company has legal mortgages with Clydesdale Bank PLC which are secured over the premises.

 

45-47 Clarence Street Cheltenham Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

9

Related party transactions

Transactions with the director

2023

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

Mr T Roberts

Net deposits

1,075,755

(150,000)

4,000

929,755

         
       

 

2022

At 1 January 2022
£

Advances to director
£

Repayments by director
£

At 31 December 2022
£

Mr T Roberts

Net deposits

620,755

(50,000)

505,000

1,075,755

         
       

 

No interest is charged on the above loans.