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REGISTERED NUMBER: 03631010 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Clews Homes Limited

Clews Homes Limited (Registered number: 03631010)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Clews Homes Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: A Clews





SECRETARY: Mrs L Clews





REGISTERED OFFICE: The Old School
The Quay
Carmarthen
Carmarthenshire
SA31 3LN





REGISTERED NUMBER: 03631010 (England and Wales)





ACCOUNTANTS: Ashmole & Co.
Chartered Certified Accountants
The Old School
The Quay
Carmarthen
SA31 3LN

Clews Homes Limited (Registered number: 03631010)

Abridged Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 238,507 144,192

CURRENT ASSETS
Stocks 2,900,442 3,935,142
Debtors 2,582,569 2,491,045
Cash at bank 203,443 103,053
5,686,454 6,529,240
CREDITORS
Amounts falling due within one year 2,246,629 2,076,693
NET CURRENT ASSETS 3,439,825 4,452,547
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,678,332

4,596,739

CREDITORS
Amounts falling due after more than one year (1,759,914 ) (2,915,742 )

PROVISIONS FOR LIABILITIES (32,238 ) (48,981 )
NET ASSETS 1,886,180 1,632,016

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,885,180 1,631,016
SHAREHOLDERS' FUNDS 1,886,180 1,632,016

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

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

Clews Homes Limited (Registered number: 03631010)

Abridged Balance Sheet - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 1 April 2025 and were signed by:





A Clews - Director


Clews Homes Limited (Registered number: 03631010)

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

1. STATUTORY INFORMATION

Clews Homes 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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

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.

Clews Homes Limited (Registered number: 03631010)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a 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 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 404,606
Additions 173,561
At 30 September 2024 578,167
DEPRECIATION
At 1 October 2023 260,414
Charge for year 79,246
At 30 September 2024 339,660
NET BOOK VALUE
At 30 September 2024 238,507
At 30 September 2023 144,192

Clews Homes Limited (Registered number: 03631010)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 October 2023 82,000
Additions 170,843
Transfer to ownership (82,000 )
At 30 September 2024 170,843
DEPRECIATION
At 1 October 2023 49,164
Charge for year 42,711
Transfer to ownership (49,164 )
At 30 September 2024 42,711
NET BOOK VALUE
At 30 September 2024 128,132
At 30 September 2023 32,836

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Director Loan Account

Amount owing to the director as at 01/10/23 £ 1,718,797
Movement in the period £ 10,054
Amount owing to the director as at 30/09/24 £ 1,708,743

6. RELATED PARTY DISCLOSURES

At the year end, an amount of £2,441,373 was owed to Clews Homes Limited by Clews Estates Limited (2023 £2,333,373) a company which is owned under common control by Mr A and Mrs L Clews.

During the year sales of £0 (2023 £0) were made to Clews Estates Limited.

7. ULTIMATE CONTROLLING PARTY

The controlling parties are Mr and Mrs A Clews.