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Registrar

Registration number: 04276700

CLF Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

CLF Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

CLF Limited

Company Information

Directors

R J Lyon

R G Cairns

D J George

J Jolley

A M Boulter

Company secretary

R J Lyon

Registered office

Orchard House
Heath Road
Warboys
Huntingdon
Cambridgeshire
PE28 2UW

Solicitors

Thomson Webb & Corfield
16 Union Road
Cambridge
CB2 1HE

Bankers

Barclays Bank Plc
Huntingdon
Market Hill
Huntingdon
Cambridgeshire
PE29 3AE

Accountants

Lambert Chapman LLP
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

 

CLF Limited

(Registration number: 04276700)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

300,571

300,571

Creditors: Amounts falling due within one year

5

-

(46,000)

Net assets

 

300,571

254,571

Capital and reserves

 

Called up share capital

6

337

337

Capital redemption reserve

101

101

Retained earnings

300,133

254,133

Shareholders' funds

 

300,571

254,571

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 September 2024 and signed on its behalf by:
 

J Jolley
Director

A M Boulter
Director

 

CLF Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

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

The address of its registered office is: Orchard House, Heath Road, Warboys, Huntingdon, Cambridgeshire, PE28 2UW.

These financial statements were authorised for issue by the Board on 26 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.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Revenue represents dividend income from group companies.

The dividend income is recognised on the date that the dividend is declared.

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Investments

Fixed asset investments held by the company are included in the balance sheet at the cost of acquisition including associated costs less provision for impairment.

Share capital

Ordinary shares are classified as equity.

 

CLF Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

CLF Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Investments

2024
£

2023
£

Investments in subsidiaries

300,571

300,571

Subsidiaries

£

Cost or valuation

At 1 May 2023

300,571

Provision

Carrying amount

At 30 April 2024

300,571

At 30 April 2023

300,571

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

CLF Packaging Limited

Incorporated in England

Ordinary

100%

100%

 

     

Subsidiary undertakings

CLF Packaging Limited

The principal activity of CLF Packaging Limited is supply of packaging materials.

 

CLF Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Amounts owed to group undertakings

-

46,000

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A shares of £1 each

332

332

332

332

Ordinary B, C, D, E, F & G shares of £1 each

5

5

5

5

337

337

337

337

7

Related party transactions

Summary of transactions with other related parties


Group companies

 

 

Loans from related parties

2024

Subsidiary
£

Total
£

At start of period

46,000

46,000

Repaid

(46,000)

(46,000)

At end of period

-

-

2023

Subsidiary
£

Total
£

At start of period

58,000

58,000

Impairment

(12,000)

(12,000)

At end of period

46,000

46,000