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REGISTERED NUMBER: 03693141 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

CLOCKWORK HOLDINGS LIMITED

CLOCKWORK HOLDINGS LIMITED (REGISTERED NUMBER: 03693141)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLOCKWORK HOLDINGS LIMITED

Company Information
for the year ended 30 June 2024







Director: J J Viney





Secretary: C M Plews





Registered office: Unit 6, Network Point
Range Road
Witney
Oxfordshire
OX29 0YN





Registered number: 03693141 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

CLOCKWORK HOLDINGS LIMITED (REGISTERED NUMBER: 03693141)

Balance Sheet
30 June 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 536,733 551,333
Investments 5 25,000 25,000
561,733 576,333

Current assets
Debtors 6 720,330 751,196
Cash at bank 89 172
720,419 751,368
Creditors
Amounts falling due within one year 7 52,255 134,149
Net current assets 668,164 617,219
Total assets less current liabilities 1,229,897 1,193,552

Creditors
Amounts falling due after more than one
year

8

707,963

690,169
Net assets 521,934 503,383

Capital and reserves
Called up share capital 10 48,750 75,500
Share premium 320,000 320,000
Capital redemption reserve 51,250 24,500
Retained earnings 101,934 83,383
Shareholders' funds 521,934 503,383

CLOCKWORK HOLDINGS LIMITED (REGISTERED NUMBER: 03693141)

Balance Sheet - continued
30 June 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 24 March 2025 and were signed by:





J J Viney - Director


CLOCKWORK HOLDINGS LIMITED (REGISTERED NUMBER: 03693141)

Notes to the Financial Statements
for the year ended 30 June 2024


1. Statutory information

Clockwork Holdings 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.

Going concern
The director has made an assessment of the company's ability to continue as a going concern and has identified no material uncertainties that may cast a significant doubt on the ability of the company to continue as a going concern for the foreseeable future.

Preparation of consolidated financial statements
The financial statements contain information about Clockwork 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

3. Employees and directors

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

CLOCKWORK HOLDINGS LIMITED (REGISTERED NUMBER: 03693141)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


4. Tangible fixed assets
Land and
buildings
£
Cost
At 1 July 2023
and 30 June 2024 860,571
Depreciation
At 1 July 2023 309,238
Charge for year 14,600
At 30 June 2024 323,838
Net book value
At 30 June 2024 536,733
At 30 June 2023 551,333

Included in cost of land and buildings is freehold land of £ 130,571 (2023 - £ 130,571 ) which is not depreciated.

5. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 July 2023
and 30 June 2024 25,000
Net book value
At 30 June 2024 25,000
At 30 June 2023 25,000

6. Debtors: amounts falling due within one year
2024 2023
£ £
Amounts owed by group undertakings 161,140 171,891
Other debtors 559,190 579,305
720,330 751,196

CLOCKWORK HOLDINGS LIMITED (REGISTERED NUMBER: 03693141)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 40,418 92,808
Taxation and social security 10,838 37,556
Other creditors 999 3,785
52,255 134,149

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 707,963 690,169

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 748,381 782,977

Bank loans and overdrafts are secured by fixed charges over all present freehold and leasehold property, book and other debts, chattels, goodwill and uncalled capital both present and future and a floating charge over all assets and undertaking both present and future, dated 8 April 2006.

10. Called up share capital

Allotted Class: Nominal 2024 2023
Number: Value: £    £   

Nil Ordinary A £1 - 23,500
Nil Ordinary B £1 - 6,500
Nil Ordinary C £1 - 45,500
48,750 Ordinary £1 48,750 -

48,750 75,500

On 2 May 2023, the company purchased 23,500 A ordinary shares and 3,250 B ordinary shares from a member. On 11th April 2024, the shares were converted to 48,750 ordinary shares.

CLOCKWORK HOLDINGS LIMITED (REGISTERED NUMBER: 03693141)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


11. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£ £
J J Viney
Balance outstanding at start of year 403,958 597,415
Amounts advanced 248,908 156,543
Amounts repaid (175,000 ) (350,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 477,866 403,958