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REGISTERED NUMBER: 12370276 (England and Wales)













Financial Statements

for the Year Ended 31 July 2024

for

UK Docks Royal Clarence Yard Ltd

UK Docks Royal Clarence Yard Ltd (Registered number: 12370276)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


UK Docks Royal Clarence Yard Ltd

Company Information
for the year ended 31 July 2024







DIRECTORS: J Wilson
H Wilson
G Wilson
C Wilson
J G Armstrong





REGISTERED OFFICE: River Drive
South Shields
Tyne & Wear
NE33 1LH





REGISTERED NUMBER: 12370276 (England and Wales)





AUDITORS: TTR Barnes Limited
Chartered Accountants and Statutory Auditors
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

UK Docks Royal Clarence Yard Ltd (Registered number: 12370276)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 6,217 8,083
Tangible assets 5 2,090,053 1,566,292
2,096,270 1,574,375

CURRENT ASSETS
Debtors 6 143,303 144,455
Cash at bank 238,624 285,440
381,927 429,895
CREDITORS
Amounts falling due within one year 7 2,066,103 1,951,219
NET CURRENT LIABILITIES (1,684,176 ) (1,521,324 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

412,094

53,051

PROVISIONS FOR LIABILITIES 230,350 107,726
NET ASSETS/(LIABILITIES) 181,744 (54,675 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 181,743 (54,676 )
181,744 (54,675 )

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:





G Wilson - Director


UK Docks Royal Clarence Yard Ltd (Registered number: 12370276)

Notes to the Financial Statements
for the year ended 31 July 2024

1. STATUTORY INFORMATION

UK Docks Royal Clarence Yard Ltd 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 have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover and income recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

Income is recognised upon completion of work and services undertaken for customers.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - not provided
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% Straight line
Computer equipment - 33% Straight line

Depreciation is not provided for on improvements to property as it's maintained to such a state whereby it's residual value is equal to atleast that of it's cost.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


UK Docks Royal Clarence Yard Ltd (Registered number: 12370276)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 August 2023
and 31 July 2024 9,329
AMORTISATION
At 1 August 2023 1,246
Amortisation for year 1,866
At 31 July 2024 3,112
NET BOOK VALUE
At 31 July 2024 6,217
At 31 July 2023 8,083

UK Docks Royal Clarence Yard Ltd (Registered number: 12370276)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 1,491,957 86,589 - 1,533 1,580,079
Additions 300,944 250,378 22,809 1,980 576,111
Disposals - (3,758 ) - - (3,758 )
At 31 July 2024 1,792,901 333,209 22,809 3,513 2,152,432
DEPRECIATION
At 1 August 2023 - 13,133 - 654 13,787
Charge for year - 46,577 1,924 839 49,340
Eliminated on disposal - (748 ) - - (748 )
At 31 July 2024 - 58,962 1,924 1,493 62,379
NET BOOK VALUE
At 31 July 2024 1,792,901 274,247 20,885 2,020 2,090,053
At 31 July 2023 1,491,957 73,456 - 879 1,566,292

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 135,987 138,857
VAT 199 -
Prepayments and accrued income 7,117 5,598
143,303 144,455

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 57,572 53,292
Amounts owed to group undertakings 1,986,857 1,759,288
Tax 174 25,006
VAT - 9,513
Accrued expenses 21,500 104,120
2,066,103 1,951,219

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David J Cook FCCA (Senior Statutory Auditor)
for and on behalf of TTR Barnes Limited

9. AUDITOR LIABILITY LIMITATION AGREEMENT

The limitation of liability in respect of this audit is 10 times the audit fee which was agreed in our terms of engagement letter dated 1st August 2023.

UK Docks Royal Clarence Yard Ltd (Registered number: 12370276)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

10. PARENT COMPANY

The ultimate parent company is Wilson Group Holdings Limited, a company registered in England and Wales.

Wilson Group Holdings Limited prepare group financial statements and its registered office is River Drive, South Shields, Tyne and Wear, NE33 1LH.