Company No:
Contents
DIRECTORS | A Blum (Appointed 21 November 2023) |
G Engelbrecht | |
H Sk Tan | |
J Leary | |
N S Simmonds | |
J Suma (Appointed 07 May 2024) | |
A Wilkes |
SECRETARY | J Kask |
REGISTERED OFFICE | 45 Gresham Street |
London | |
EC2V 7BG | |
United Kingdom |
COMPANY NUMBER | 14032779 (England and Wales) |
ACCOUNTANT | Evelyn Partners LLP |
Portwall Place | |
Portwall Lane | |
Bristol | |
BS1 6NA |
Note | 30.06.2024 | 30.06.2023 | ||
£ | £ | |||
Current assets | ||||
Debtors | 3 |
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Cash at bank and in hand |
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494,378 | 218,655 | |||
Creditors: amounts falling due within one year | 4 | (
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(
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Net current assets | 281,901 | 5,209 | ||
Total assets less current liabilities | 281,901 | 5,209 | ||
Creditors: amounts falling due after more than one year | 5 | (
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Net (liabilities)/assets | (
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Reserves | ||||
Profit and loss account | (
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Total reserves | (
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Directors' responsibilities:
The financial statements of CLA Global Brand Limited (registered number:
N S Simmonds
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.
CLA Global Brand Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 45 Gresham Street, London, EC2V 7BG, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of CLA Global Brand Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
These financial statements are separate financial statements.
The financial statements have been prepared on a going concern basis.
The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Year ended 30.06.2024 |
Period from 07.04.2022 to 30.06.2023 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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30.06.2024 | 30.06.2023 | ||
£ | £ | ||
Amounts owed by connected companies |
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30.06.2024 | 30.06.2023 | ||
£ | £ | ||
Trade creditors |
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Amounts owed to connected companies |
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Accruals |
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Other taxation and social security |
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30.06.2024 | 30.06.2023 | ||
£ | £ | ||
Amounts owed to connected companies |
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The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1.00 towards the assets of the company in the event of liquidation.