Registered number
13446742
CLC Investments Limited
Filleted Accounts
31 July 2024
CLC Investments Limited
Registered number: 13446742
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 1,858,483 1,858,483
Current assets
Cash at bank and in hand 100 100
Creditors: amounts falling due within one year 4 (292,950) (574,950)
Net current liabilities (292,850) (574,850)
Total assets less current liabilities 1,565,633 1,283,633
Creditors: amounts falling due after more than one year 5 (676,443) (958,443)
Net assets 889,190 325,190
Capital and reserves
Share premium 100 100
Profit and loss account 889,090 325,090
Shareholders' funds 889,190 325,190
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.
S L Carney
Director
Approved by the board on 14 January 2025
CLC Investments Limited
Notes to the Accounts
for the year ended 31 July 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).
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 August 2023 1,858,483
At 31 July 2024 1,858,483
Historical cost
At 1 August 2023 1,858,483
At 31 July 2024 1,858,483
4 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 10,950 289,321
Other creditors 282,000 285,629
292,950 574,950
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 676,443 958,443
6 Loans 2024 2023
£ £
Creditors include:
Secured loans 958,443 1,240,443
The company has provided security on the terms of a debenture dated 31 July 2021 in relation to liabilities to Leslie and Marion Cooper. The debenture can be viewed at Companies House.
7 Related party transactions
Interest free loans have been made to the company by it's subsidiary companies as follows: UK Asbestos Specialists Ltd £10,950.
8 Controlling party
The company is controlled by the directors, acting in concert.
9 Other information
CLC Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 111
Jarrow Business Centre
Rolling Mill Road
Jarrow
NE32 3DT
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