Company Registration No. 04691507 (England and Wales)
Clan Finance Limited
Unaudited accounts
for the year ended 31 March 2025
Clan Finance Limited
Unaudited accounts
Contents
Clan Finance Limited
Company Information
for the year ended 31 March 2025
Directors
Ian James Parker
Nicola Jane Parker
Company Number
04691507 (England and Wales)
Registered Office
SUNNYBANK HOUSE
HIGH STREET
MAYFIELD
TN20 6AA
ENGLAND
Accountants
Blue Arrow Accounting Limited
1 Sunrays
East Street
Mayfield
East Sussex
TN20 6TZ
Clan Finance Limited
Statement of financial position
as at 31 March 2025
Tangible assets
3,141
1,452
Cash at bank and in hand
49,839
51,500
Creditors: amounts falling due within one year
(45,037)
(41,338)
Net current assets
12,890
18,070
Called up share capital
100
100
Profit and loss account
15,931
19,422
Shareholders' funds
16,031
19,522
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by
Ian James Parker
Director
Company Registration No. 04691507
Clan Finance Limited
Notes to the Accounts
for the year ended 31 March 2025
Clan Finance Limited is a private company, limited by shares, registered in England and Wales, registration number 04691507. The registered office is SUNNYBANK HOUSE, HIGH STREET, MAYFIELD, TN20 6AA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Computer equipment
3 year straight line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
8,678
1,647
10,325
At 31 March 2025
11,167
2,390
13,557
At 1 April 2024
8,182
691
8,873
Charge for the year
747
796
1,543
At 31 March 2025
8,929
1,487
10,416
At 31 March 2025
2,238
903
3,141
At 31 March 2024
496
956
1,452
Amounts falling due within one year
Clan Finance Limited
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
7,500
14,000
Taxes and social security
12,629
14,918
Loans from directors
153
-
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).