CLAREMONT LIVING LIMITED - Filleted accounts

Registered number

08467597

CLAREMONT LIVING LIMITED

Filleted Accounts

31 March 2024

CLAREMONT LIVING LIMITED
Registered number:		08467597
Balance Sheet
as at 31 March 2024

Notes			2024			2023
£				£
Current assets
Debtors	4	2,952,953			1,674,292
Cash at bank and in hand		782,553			302,224
		3,735,506			1,976,516

Creditors: amounts falling due within one year	5	(1,840,566)			(580,458)

Net current assets			1,894,940			1,396,058

Total assets less current liabilities			1,894,940			1,396,058

Creditors: amounts falling due after more than one year	6		(122,468)			(305,038)



Net assets			1,772,472			1,091,020

Capital and reserves
Called up share capital			8,333			8,333
Profit and loss account			1,764,139			1,082,687

Shareholders' funds			1,772,472			1,091,020

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Manjit Singh Deol
Director
Approved by the board on 2 April 2025

CLAREMONT LIVING LIMITED
Notes to the Accounts
for the year ended 31 March 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees	2024		2023
Number			Number

	Average number of persons employed by the company	38		30


3	Tangible fixed assets
				Plant and machinery etc
£
	Cost
	At 1 April 2023			400
	At 31 March 2024			400

	Depreciation
	At 1 April 2023			400
	At 31 March 2024			400

	Net book value
	At 31 March 2024			-


4	Debtors	2024		2023
£			£

	Trade debtors	438,251		429,975
	Amounts owed by group undertakings and undertakings in which the company has a participating interest	244,884		-
	Other debtors	2,269,818		1,244,317
		2,952,953		1,674,292






5	Creditors: amounts falling due within one year	2024		2023
£			£

	Trade creditors	333,125		95,042
	Taxation and social security costs	459,129		209,216
	Other creditors	1,048,312		276,200
		1,840,566		580,458


6	Creditors: amounts falling due after one year	2024		2023
£			£

	Bank loans	90,400		130,038
	Trade creditors	-		175,000
	Other creditors	32,068		-
		122,468		305,038


7	Other information

	CLAREMONT LIVING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	18-21 Summer Hill Terrace
	Birmingham
	England
	B1 3RA