IRIS Accounts Production v24.3.2.46 02566438 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh025664382023-06-30025664382024-06-30025664382023-07-012024-06-30025664382022-06-30025664382022-07-012023-06-30025664382023-06-3002566438ns15:EnglandWales2023-07-012024-06-3002566438ns14:PoundSterling2023-07-012024-06-3002566438ns10:Director12023-07-012024-06-3002566438ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3002566438ns10:SmallEntities2023-07-012024-06-3002566438ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3002566438ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3002566438ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3002566438ns10:FullAccounts2023-07-012024-06-3002566438ns10:Director22023-07-012024-06-3002566438ns10:RegisteredOffice2023-07-012024-06-3002566438ns5:CurrentFinancialInstruments2024-06-3002566438ns5:CurrentFinancialInstruments2023-06-3002566438ns5:Non-currentFinancialInstruments2024-06-3002566438ns5:Non-currentFinancialInstruments2023-06-3002566438ns5:LandBuildings2023-06-3002566438ns5:PlantMachinery2023-06-3002566438ns5:LandBuildings2023-07-012024-06-3002566438ns5:PlantMachinery2023-07-012024-06-3002566438ns5:LandBuildings2024-06-3002566438ns5:PlantMachinery2024-06-3002566438ns5:LandBuildings2023-06-3002566438ns5:PlantMachinery2023-06-3002566438ns5:CostValuation2023-06-3002566438ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3002566438ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3002566438ns5:Secured2024-06-3002566438ns5:Secured2023-06-30
REGISTERED NUMBER: 02566438 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

CLIVEDEN CONSERVATION WORKSHOP LIMITED

CLIVEDEN CONSERVATION WORKSHOP LIMITED (REGISTERED NUMBER: 02566438)






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


CLIVEDEN CONSERVATION WORKSHOP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: L P Proudfoot
T Flemons





REGISTERED OFFICE: The Tennis Courts
Cliveden Estate
Taplow
Maidenhead
Buckinghamshire
SL6 0JA





REGISTERED NUMBER: 02566438 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

CLIVEDEN CONSERVATION WORKSHOP LIMITED (REGISTERED NUMBER: 02566438)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 743,250 742,984
Investments 5 80 80
743,330 743,064

CURRENT ASSETS
Stocks 151,302 445,163
Debtors 6 580,072 507,826
Cash at bank 215 44
731,589 953,033
CREDITORS
Amounts falling due within one year 7 864,094 1,035,379
NET CURRENT LIABILITIES (132,505 ) (82,346 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

610,825

660,718

CREDITORS
Amounts falling due after more than one
year

8

(277,227

)

(335,414

)

PROVISIONS FOR LIABILITIES (12,800 ) (12,800 )
NET ASSETS 320,798 312,504

CAPITAL AND RESERVES
Called up share capital 54,100 54,100
Revaluation reserve 10 240,350 240,350
Retained earnings 10 26,348 18,054
320,798 312,504

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 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.

CLIVEDEN CONSERVATION WORKSHOP LIMITED (REGISTERED NUMBER: 02566438)

BALANCE SHEET - continued
30 JUNE 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 28 March 2025 and were signed on its behalf by:





L P Proudfoot - Director


CLIVEDEN CONSERVATION WORKSHOP LIMITED (REGISTERED NUMBER: 02566438)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Cliveden Conservation Workshop 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account discounts.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

CLIVEDEN CONSERVATION WORKSHOP LIMITED (REGISTERED NUMBER: 02566438)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.


Asset class
Subsequent
measurement model
Depreciation rates
(on cost/valuation

)
Freehold land and buildingsValuation2%
Leasehold improvementsCost15%
Plant and equipmentCost20%
Fixtures and fittingsCost15%
Computer equipmentCost33%
Motor vehiclesCost25%

Revaluation model

Freehold land and buildings are stated at the revalued amounts less any accumulated depreciation and accumulated impairment losses. Previously they were carried under the cost model.

Revaluations are carried out regularly so that the carrying amounts approximate the fair value at the reporting date. An increase in value is recognised in other comprehensive income and accumulated in equity. However the increase shall be recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss.

A decrease in value is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity, the excess shall be recognised in profit or loss.

Land is not depreciated. Depreciation on revalued buildings is recognised using the straight-line basis and results in the carrying amount, less the residual value, being expensed in profit or loss over the estimated useful lives of 50 years.

Cost model

Assets measured under the cost model are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is recognised using the straight line basis and results in the carrying amount, less the residual value being expensed in profit or loss over the estimated useful lives. The applicable rates of depreciation are detailed above.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to the profit and loss account.

Investments in subsidiaries
Interest in subsidiary undertakings 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.

Stocks
Stocks and work in progress are valued at lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

CLIVEDEN CONSERVATION WORKSHOP LIMITED (REGISTERED NUMBER: 02566438)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Claims for R&D tax credits are recognised through profit and loss.

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.

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.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases.

Assets held under finance leases are recognised as an asset at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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 34 (2023 - 38 ) .

CLIVEDEN CONSERVATION WORKSHOP LIMITED (REGISTERED NUMBER: 02566438)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 710,677 539,557 1,250,234
Additions - 71,760 71,760
Disposals - (19,103 ) (19,103 )
At 30 June 2024 710,677 592,214 1,302,891
DEPRECIATION
At 1 July 2023 43,717 463,533 507,250
Charge for year 14,071 41,106 55,177
Eliminated on disposal - (2,786 ) (2,786 )
At 30 June 2024 57,788 501,853 559,641
NET BOOK VALUE
At 30 June 2024 652,889 90,361 743,250
At 30 June 2023 666,960 76,024 742,984

In the year there was £10,000 of depreciation in respect of the lease.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 80
NET BOOK VALUE
At 30 June 2024 80
At 30 June 2023 80

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 373,825 307,116
Other debtors 206,247 200,710
580,072 507,826

CLIVEDEN CONSERVATION WORKSHOP LIMITED (REGISTERED NUMBER: 02566438)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 150,963 139,848
Hire purchase contracts 15,112 12,803
Trade creditors 296,595 396,287
Taxation and social security 228,412 243,209
Other creditors & accruals 173,012 243,232
864,094 1,035,379

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 258,314 320,774
Hire purchase contracts 18,913 14,640
277,227 335,414

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 79,039 102,499

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank overdrafts 78,519 67,404
Bank loans 330,758 393,218
409,277 460,622

Bank loans and overdrafts are secured by way of fixed and floating charges over the property and other assets owned by the company.

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 July 2023 18,054 240,350 258,404
Profit for the year 8,294 8,294
At 30 June 2024 26,348 240,350 266,698

11. RELATED PARTY DISCLOSURES

Other debtors includes £38,217 due from a director (2023: £11,988). Other creditors includes £7,709 due to a shareholder (2023: £10,053). The loans are repayable on demand and interest is charged to director's loans at a rate of 2.5% per annum.

CLIVEDEN CONSERVATION WORKSHOP LIMITED (REGISTERED NUMBER: 02566438)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L P Proudfoot.