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REGISTERED NUMBER: 12800967 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Clementine 2020 Limited

Clementine 2020 Limited (Registered number: 12800967)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Clementine 2020 Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: C J Burns
Miss M McFarlane





REGISTERED OFFICE: 24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ





REGISTERED NUMBER: 12800967 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

Clementine 2020 Limited (Registered number: 12800967)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 142,555 54,390

CURRENT ASSETS
Stocks 131,000 9,400
Debtors 5 20,371 16,614
Cash at bank 147,490 31,529
298,861 57,543
CREDITORS
Amounts falling due within one year 6 129,488 90,552
NET CURRENT ASSETS/(LIABILITIES) 169,373 (33,009 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

311,928

21,381

CREDITORS
Amounts falling due after more than one
year

7

(290,311

)

(8,347

)

PROVISIONS FOR LIABILITIES (17,682 ) (13,598 )
NET ASSETS/(LIABILITIES) 3,935 (564 )

CAPITAL AND RESERVES
Called up share capital 100 30
Retained earnings 3,835 (594 )
SHAREHOLDERS' FUNDS 3,935 (564 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Clementine 2020 Limited (Registered number: 12800967)

Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by:





C J Burns - Director


Clementine 2020 Limited (Registered number: 12800967)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Clementine 2020 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.

Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Boat - 15% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - at variable rates on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 3 years on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Clementine 2020 Limited (Registered number: 12800967)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
Boat machinery fittings
£    £    £   
COST
At 1 September 2023 25,288 749 30,105
Additions 85,000 - 5,795
Disposals (25,288 ) - -
At 31 August 2024 85,000 749 35,900
DEPRECIATION
At 1 September 2023 - 287 5,634
Charge for year 9,018 92 2,518
Eliminated on disposal (1,580 ) - -
At 31 August 2024 7,438 379 8,152
NET BOOK VALUE
At 31 August 2024 77,562 370 27,748
At 31 August 2023 25,288 462 24,471

Clementine 2020 Limited (Registered number: 12800967)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 3,038 2,805 61,985
Additions 35,000 - 125,795
Disposals - - (25,288 )
At 31 August 2024 38,038 2,805 162,492
DEPRECIATION
At 1 September 2023 - 1,674 7,595
Charge for year 1,488 806 13,922
Eliminated on disposal - - (1,580 )
At 31 August 2024 1,488 2,480 19,937
NET BOOK VALUE
At 31 August 2024 36,550 325 142,555
At 31 August 2023 3,038 1,131 54,390

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 35,000
At 31 August 2024 35,000
DEPRECIATION
Charge for year 729
At 31 August 2024 729
NET BOOK VALUE
At 31 August 2024 34,271

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 14,385 16,222
Other debtors 5,986 392
20,371 16,614

Clementine 2020 Limited (Registered number: 12800967)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 41,318 5,231
Hire purchase contracts 4,768 -
Trade creditors 17,351 33,190
Amounts owed to joint ventures - 5,575
Taxation and social security 46,275 30,773
Other creditors 19,776 15,783
129,488 90,552

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 260,189 8,347
Hire purchase contracts 30,122 -
290,311 8,347

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 52,925 -

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Arkle Finance 50,416 -

The Arkle Finance loan is secured by way of fixed mortgage over the vessel.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the end of the period the company owed the directors £ 597 (2023: £2,516)

Clementine 2020 Limited

Report of the Accountants to the Directors of
Clementine 2020 Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2024 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ


Date: .............................................