Registration number:
CLOUD (HOLDINGS) LIMITED
for the Year Ended 30 June 2024
CLOUD (HOLDINGS) LIMITED
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
CLOUD (HOLDINGS) LIMITED
Company Information
Directors |
C Brennan P G Brennan |
Registered office |
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Accountants |
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CLOUD (HOLDINGS) LIMITED
(Registration number: 08324486)
Balance Sheet as at 30 June 2024
Note |
2024 |
2023 |
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Fixed assets |
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Other financial assets |
300,000 |
300,000 |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
412 |
412 |
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Share premium reserve |
199,594 |
199,594 |
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Capital redemption reserve |
21 |
21 |
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Retained earnings |
251,872 |
249,669 |
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Shareholders' funds |
451,899 |
449,696 |
For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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
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CLOUD (HOLDINGS) LIMITED
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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 except that as disclosed in the accounting policies certain items are shown at fair value.
Summary of disclosure exemptions
The financial statements contain information about Cloud (Holdings) Limited as an individual company and do
not contain consolidated financial information as the parent of a group. The company is exempt under Section
399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Going concern
The directors have considered the company’s financial resources and performance and believe that the company
is well placed to manage its business risks successfully and that the company has adequate resources to continue
in operational existence for the foreseeable future. Consequently, they continue to adopt the going concern basis
of accounting in preparing the annual financial statements.
Tax
The tax expense for the period comprises current 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.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Investments
Investments in subsidiary undertakings are recognised at cost.
CLOUD (HOLDINGS) LIMITED
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors 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.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investments |
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 |
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2024 |
2023 |
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Subsidiary undertakings |
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4th Floor
England |
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CLOUD (HOLDINGS) LIMITED
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
Subsidiary undertakings |
CLOUD BOOKING LIMITED The principal activity of CLOUD BOOKING LIMITED is |
Other financial assets (current and non-current) |
Financial assets at cost less impairment |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 1 July 2023 |
300,000 |
300,000 |
At 30 June 2024 |
300,000 |
300,000 |
Impairment |
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Carrying amount |
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At 30 June 2024 |
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300,000 |
Debtors |
Current |
2024 |
2023 |
Other debtors |
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Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
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Due within one year |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Taxation and social security |
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Accruals and deferred income |
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CLOUD (HOLDINGS) LIMITED
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
Related party transactions |
Transactions with directors |
2024 |
At 1 July 2023 |
Advances to director |
At 30 June 2024 |
C Brennan |
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P G Brennan |
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2023 |
At 1 July 2022 |
Advances to director |
At 30 June 2023 |
C Brennan |
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P G Brennan |
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Interest of £3,203 has been charged at the official HM Revenue & Customs rate.
This balance was repaid after the balance sheet date.
Loans from related parties
Included in creditors amounts falling due within one year is an amount of £244,858 (2023: £244,858) owed to a related company.
Ultimate Controlling Party |
The controlling party is P. G. Brennan and C. Brennan..