Company registration number 13857833 (England and Wales)
CLOONTIA HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
CLOONTIA HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
CLOONTIA HOLDINGS LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2024
31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
483,441
253,977
Current assets
Debtors
4
2,207
250
Cash at bank and in hand
16,804
4,608
19,011
4,858
Creditors: amounts falling due within one year
5
(6,572)
(900)
Net current assets
12,439
3,958
Total assets less current liabilities
495,880
257,935
Creditors: amounts falling due after more than one year
Other creditors
485,064
255,221
(485,064)
(255,221)
Net assets
10,816
2,714
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
10,716
2,614
Total equity
10,816
2,714
CLOONTIA HOLDINGS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024
31 January 2024
- 2 -
For the financial year ended 31 January 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 of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 21 October 2024
Mr Glen Flannery
Director
Company registration number 13857833 (England and Wales)
CLOONTIA HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
- 3 -
1
Accounting policies
Company information
Cloontia Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Roscommon, Malthouse lane, Earlswood, Solihull, West Midlands, United Kingdom, B94 5DU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
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:
Freehold land and buildings
N/A
Fixtures and fittings
25% on reducing balance
1.4
Taxation
The tax expense represents the sum of the tax currently payable.
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.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
CLOONTIA HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 4 -
3
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 February 2023
249,402
6,100
255,502
Additions
230,608
230,608
At 31 January 2024
480,010
6,100
486,110
Depreciation and impairment
At 1 February 2023
1,525
1,525
Depreciation charged in the year
1,144
1,144
At 31 January 2024
2,669
2,669
Carrying amount
At 31 January 2024
480,010
3,431
483,441
At 31 January 2023
249,402
4,575
253,977
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Prepayments
2,207
250
5
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
1,709
Accruals
4,863
900
6,572
900