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REGISTERED NUMBER: 13357285 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Clanna Investments Limited

Clanna Investments Limited (Registered number: 13357285)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clanna Investments Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs S Clark
Mr J R Clark





REGISTERED OFFICE: Redland House
157 Redland Road
Redland
Bristol
BS6 6YE





REGISTERED NUMBER: 13357285 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Redland House
157 Redland Road
Redland
Bristol
BS6 6YE

Clanna Investments Limited (Registered number: 13357285)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 150,103 150,103
Investment property 5 441,779 441,779
591,882 591,882

CURRENT ASSETS
Debtors 6 139 203
Cash at bank 20,490 5,254
20,629 5,457
CREDITORS
Amounts falling due within one year 7 414,909 413,232
NET CURRENT LIABILITIES (394,280 ) (407,775 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,602

184,107

CREDITORS
Amounts falling due after more than one
year

8

180,000

180,000
NET ASSETS 17,602 4,107

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 17,502 4,007
SHAREHOLDERS' FUNDS 17,602 4,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Clanna Investments Limited (Registered number: 13357285)

Balance Sheet - continued
30 April 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 20 September 2024 and were signed on its behalf by:




Mr J R Clark - Director



Mrs S Clark - Director


Clanna Investments Limited (Registered number: 13357285)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Clanna Investments 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.

Investment property
Investment properties are shown at cost being the most recent valuation by the Director. Any aggregate surplus of deficit arising from changes in fair value is recognised in profit and loss account.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 150,103
NET BOOK VALUE
At 30 April 2024 150,103
At 30 April 2023 150,103

Clanna Investments Limited (Registered number: 13357285)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 441,779
NET BOOK VALUE
At 30 April 2024 441,779
At 30 April 2023 441,779

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 139 203

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Loan from Tankwise Ltd 316,381 316,381
Tax 3,166 341
Directors' current accounts 94,486 95,708
Accrued expenses 876 802
414,909 413,232

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other loans 180,000 180,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
76 A Shares 1 76 76
24 B Shares 1 24 24
100 100

10. RESERVES
Retained
earnings
£   

At 1 May 2023 4,007
Profit for the year 13,495
At 30 April 2024 17,502

11. RELATED PARTY DISCLOSURES

The company has a loan from Tankwise Ltd where Mr Clark is a person of significant control. The balance outstanding at the year end 30 April 2024 amounted to £316,381 (2023: £316,381).

The company has a loan from a family member of a director. The balance outstanding at the year end 30 April 2024 amounted to £180,000 (2023: £180,000).