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REGISTERED NUMBER: 06303148 (England and Wales)















Northam Clover Limited

Financial Statements

for the Year Ended 31 July 2024






Northam Clover Limited (Registered number: 06303148)

Contents of the Financial Statements
for the year ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Northam Clover Limited

Company Information
for the year ended 31 July 2024







Director: P J Northam





Registered office: 5 Blenheim Street
London
W1S 1LD





Registered number: 06303148 (England and Wales)






Northam Clover Limited (Registered number: 06303148)

Balance Sheet
31 July 2024

2024 2023
Notes £ £
Current assets
Debtors 4 113,500 21,500
Cash at bank 71,637 72,829
185,137 94,329
Creditors
Amounts falling due within one year 5 68,130 29,876
Net current assets 117,007 64,453
Total assets less current liabilities 117,007 64,453

Creditors
Amounts falling due after more than one
year

6

14,968

20,902
Net assets 102,039 43,551

Capital and reserves
Called up share capital 7 1 1
Retained earnings 8 102,038 43,550
Shareholders' funds 102,039 43,551

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

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

The director acknowledges his 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.

Northam Clover Limited (Registered number: 06303148)

Balance Sheet - continued
31 July 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 director and authorised for issue on 19 November 2024 and were signed by:





P J Northam - Director


Northam Clover Limited (Registered number: 06303148)

Notes to the Financial Statements
for the year ended 31 July 2024


1. Statutory information

Northam Clover 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.

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.

Set out below is a summary of principal accounting policies, all of which have been consistently applied throughout the year and the preceding year (except as otherwise stated). The financial statements are presented in Sterling.

Northam Clover Limited (Registered number: 06303148)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


2. Accounting policies - continued

Significant judgements and estimates
In applying the Company's accounting policies, the director is required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The director's judgement, estimated and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Critical judgements in applying the Company's accounting policies
The critical judgement that the directors have made in the process of applying the Company's accounting policies that have the most significant effect on the amounts recognised in the statutory financial statements are discussed below:

(i) Assessing indicators and impairment
In assessing whether there have been any indicators or impairment of assets, the directors have considered both external and internal sources of information such as market conditions, counterparty credit ratings and experience or recoverability. There have been no indicators or impairments identified during the current financial year.

Key sources of estimation uncertainty
The key assumptions concerning the future, and other key sources of estimation uncertainty that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

(i) Estimating value in use
Where an indication of impairment exists the director will carry out an impairment review of to determine the recoverable amount, which is the higher of fair value less cost to sell and value in use. The value in use calculation requires the directors to estimate the future cash flows expected to arise from the asset or the cash generating unit and a suitable discount rate in order to calculate present value.

(ii) Recoverability of receivables
The Company establishes a provision for receivables that are estimated not to be recoverable. When assessing recoverability the director considers factors such as the ageing of the receivables, past experience and recoverability, and the credit profile of individual or groups of customers.

Turnover
Turnover represents amounts receivable for services net of VAT and trade discounts.

Northam Clover Limited (Registered number: 06303148)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


2. Accounting policies - continued

Financial instruments
Financial assets and liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument. The Company holds both basic financial instruments which comprise cash and cash equivalents, trade and other receivables, equity investments, trade and other payables, and loans and borrowings. The company has chosen to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments in full.

Financial assets

(i) Cash and cash equivalents include cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

(ii) Trade and other receivables
Trade and other receivables are initially recognised at the transaction price, including any transaction costs, and subsequently measured at amortised cost including the effective interest method, less any provision for impairment. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

At the end of each reporting period, the Company assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in profit or loss.

(iii) Trade and other payables and loans and borrowings
Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the discounted amount of the cash expected to be paid.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 110,000 18,000
Other debtors 3,500 3,500
113,500 21,500

Northam Clover Limited (Registered number: 06303148)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


5. Creditors: amounts falling due within one year
2024 2023
£ £
Tax 46,172 20,682
VAT 17,446 3,669
Other creditors 512 638
Directors' current accounts - 887
Accrued expenses 4,000 4,000
68,130 29,876

6. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans - 1-2 years - 5,934
Bank loans - 2-5 years 14,968 14,968
14,968 20,902

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary £1 1 1

8. Reserves
Retained
earnings
£

At 1 August 2023 43,550
Profit for the year 135,624
Dividends (77,136 )
At 31 July 2024 102,038