Company Registration No. 13352071 (England and Wales)
Clan Equity Limited
Unaudited accounts
for the year ended 30 April 2024
Clan Equity Limited
Unaudited accounts
Contents
Clan Equity Limited
Company Information
for the year ended 30 April 2024
Company Number
13352071 (England and Wales)
Registered Office
71-75 Shelton Street
London
WC2H 9JQ
UNITED KINGDOM
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
Clan Equity Limited
Statement of financial position
as at 30 April 2024
Investments
6,101,692
5,850,170
Cash at bank and in hand
663,397
281,679
Creditors: amounts falling due within one year
(6,322,765)
(6,460,993)
Net current liabilities
(5,647,781)
(6,137,311)
Net assets/(liabilities)
454,370
(287,141)
Called up share capital
100
100
Profit and loss account
454,270
(287,241)
Shareholders' funds
454,370
(287,141)
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 January 2025 and were signed on its behalf by
Jamie Moodie
Director
Company Registration No. 13352071
Clan Equity Limited
Notes to the Accounts
for the year ended 30 April 2024
Clan Equity Limited is a private company, limited by shares, registered in England and Wales, registration number 13352071. The registered office is 71-75 Shelton Street, London, WC2H 9JQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.
Revenue from services is recognised as the services are provided to the clients.
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss. A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.3% straight line
Clan Equity Limited
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Computer equipment
5
Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 May 2023
138,381
5,711,789
5,850,170
Additions
8
503,899
503,907
Fair value adjustments
-
296,033
296,033
Disposals
-
(548,418)
(548,418)
Valuation at 30 April 2024
138,389
5,963,303
6,101,692
Investments in subsidiaries are held at cost less accumulated impairment losses.
Amounts falling due within one year
Accrued income and prepayments
6,667
7,083
Other debtors
4,920
34,920
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
67,622
35,116
Other creditors
6,252,643
6,423,377
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).