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REGISTERED NUMBER: 14474075 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

CLOTA VARDE LIMITED

CLOTA VARDE LIMITED (REGISTERED NUMBER: 14474075)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLOTA VARDE LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr R L F Hamilton





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 14474075 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

CLOTA VARDE LIMITED (REGISTERED NUMBER: 14474075)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,497 8,672

CURRENT ASSETS
Debtors 5 6,665 53,038
Cash at bank 66,093 23,495
72,758 76,533
CREDITORS
Amounts falling due within one year 6 985,969 296,720
NET CURRENT LIABILITIES (913,211 ) (220,187 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(905,714

)

(211,515

)

CAPITAL AND RESERVES
Called up share capital 2,002 2,002
Retained earnings 8 (907,716 ) (213,517 )
SHAREHOLDERS' FUNDS (905,714 ) (211,515 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 26 February 2025 and were signed by:





Mr R L F Hamilton - Director


CLOTA VARDE LIMITED (REGISTERED NUMBER: 14474075)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Clota Varde 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

CLOTA VARDE LIMITED (REGISTERED NUMBER: 14474075)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 1,980 7,700 9,680
Additions - 1,525 1,525
At 31 March 2024 1,980 9,225 11,205
DEPRECIATION
At 1 April 2023 206 802 1,008
Charge for year 495 2,205 2,700
At 31 March 2024 701 3,007 3,708
NET BOOK VALUE
At 31 March 2024 1,279 6,218 7,497
At 31 March 2023 1,774 6,898 8,672

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,500 -
Other debtors 2,252 37,789
VAT - 15,249
Prepayments and accrued income 1,913 -
6,665 53,038

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other loans (see note 7) 224,743 -
Trade creditors 27,883 55,833
Amounts owed to group undertakings 644,441 219,827
Social security and other taxes 85,758 18,596
VAT 507 -
Other creditors 687 514
Accruals and deferred income 1,950 1,950
985,969 296,720

7. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Other loans 224,743 -

CLOTA VARDE LIMITED (REGISTERED NUMBER: 14474075)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RESERVES
Retained
earnings
£   

At 1 April 2023 (213,517 )
Deficit for the year (694,199 )
At 31 March 2024 (907,716 )

9. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £644,441 (2023: £219,827) due to MEH Holdings Ltd, a company in which there is common control and directors.During the period interest of £162,375 was charged at 1% on loans totalling £925,000.