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Company Registration No. 11920428 (England and Wales)
Claremac Limited Unaudited accounts for the year ended 31 March 2024
Claremac Limited Unaudited accounts Contents
Page
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Claremac Limited Company Information for the year ended 31 March 2024
Director
Daniel Mackenzie
Company Number
11920428 (England and Wales)
Registered Office
37 Olivier Close Burnham-on-Sea Somerset TA8 1RA England
Accountants
Wheatley Tax 8 Calluna Close Wick-st-Lawrence Weston-super-Mare Somerset BS22 9TS
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Claremac Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
190,233 
176,672 
Current assets
Debtors
1,783 
4,310 
Cash at bank and in hand
1,193 
- 
2,976 
4,310 
Creditors: amounts falling due within one year
(15,276)
(175,768)
Net current liabilities
(12,300)
(171,458)
Total assets less current liabilities
177,933 
5,214 
Creditors: amounts falling due after more than one year
(186,764)
- 
Provisions for liabilities
Deferred tax
(3,200)
(623)
Net (liabilities)/assets
(12,031)
4,591 
Capital and reserves
Called up share capital
200 
200 
Revaluation reserve
1,301 
1,301 
Profit and loss account
(13,532)
3,090 
Shareholders' funds
(12,031)
4,591 
For the year ending 31 March 2024 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 his 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 27 September 2024 and were signed on its behalf by
Daniel Mackenzie Director Company Registration No. 11920428
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Claremac Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Claremac Limited is a private company, limited by shares, registered in England and Wales, registration number 11920428. The registered office is 37 Olivier Close, , Burnham-on-Sea, Somerset, TA8 1RA, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Going concern
As at 31 March 2024 the company had net current liabilities of £12,300 (2023 £171,458) and net liabilities of £12,031 (2023 net assets £4,591). This includes a loan from the director who has expressed his continued support of the company and therefore considerc the going concern basis of accounting to be appropriate.
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:
Plant & machinery
15% Reducing Balance
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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Claremac Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
175,000 
2,390 
177,390 
Additions
- 
16,250 
16,250 
At 31 March 2024
175,000 
18,640 
193,640 
Depreciation
At 1 April 2023
- 
718 
718 
Charge for the year
- 
2,689 
2,689 
At 31 March 2024
- 
3,407 
3,407 
Net book value
At 31 March 2024
175,000 
15,233 
190,233 
At 31 March 2023
175,000 
1,672 
176,672 
The directors have assessed the market value of the Investment Property at the year end to be £175,000.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,783 
4,310 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,384 
13,808 
Taxes and social security
- 
331 
Other creditors
6,000 
159,250 
Loans from directors
1,992 
1,309 
Accruals
900 
1,070 
15,276 
175,768 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
175,333 
- 
Other creditors
11,431 
- 
186,764 
- 
Aggregate of amounts that fall due for payment after five years
112,832 
- 
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Claremac Limited Notes to the Accounts for the year ended 31 March 2024
9
Transactions with related parties
During the year to 31 March 2024 the loan from Claremont North Somerset Limited which stood at £139,819 at 31 March 2023 was repaid in full. At the balance sheet date, the company owed its director Mr DJ Mackenzie £1992 (2023 £1,309).
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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