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REGISTERED NUMBER: 06246802 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Stuart Clarke Limited

Stuart Clarke Limited (Registered number: 06246802)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Stuart Clarke Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr S Clarke





REGISTERED OFFICE: 18 St Christopher's Way
Pride Park
Derby
Derbyshire
DE24 8JY





REGISTERED NUMBER: 06246802 (England and Wales)





ACCOUNTANTS: Franklins
18 St Christopher's Way
Pride Park
Derby
Derbyshire
DE24 8JY

Stuart Clarke Limited (Registered number: 06246802)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Investments 5 335,000 335,000
335,000 335,000

CURRENT ASSETS
Debtors 6 401,635 363,435
Cash at bank 20,000 33,552
421,635 396,987
CREDITORS
Amounts falling due within one year 7 25,176 21,336
NET CURRENT ASSETS 396,459 375,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

731,459

710,651

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 731,359 710,551
SHAREHOLDERS' FUNDS 731,459 710,651

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 director and authorised for issue on 14 May 2025 and were signed by:




Mr S Clarke - Director


Stuart Clarke Limited (Registered number: 06246802)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Stuart Clarke 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the company's share of the profits of the partnership.

Goodwill
Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives as follows:

Goodwill - ten years

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.

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 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 283,333
AMORTISATION
At 1 September 2023
and 31 August 2024 283,333
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

Goodwill arose on the purchase of the company's share in a partnership.

Stuart Clarke Limited (Registered number: 06246802)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 September 2023
and 31 August 2024 335,000
NET BOOK VALUE
At 31 August 2024 335,000
At 31 August 2023 335,000

Cost or valuation at 31 August 2024 is represented by:

Other
investments
£   
Valuation in 2024 335,000

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 335,000 335,000

Fixed asset investments were valued on an open market basis on 31 August 2024 by Mr S Clarke .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Due from partnership interest 188,423 161,866
Other debtors - 25,000
Directors' current accounts 213,212 176,569
401,635 363,435

Other than as stated under directors loan account above, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 24,072 20,232
Accruals and deferred income 1,104 1,104
25,176 21,336

Stuart Clarke Limited (Registered number: 06246802)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary Shares £1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Mr S Clarke
Balance outstanding at start of year 176,569 71,024
Amounts advanced 226,117 281,996
Amounts repaid (189,474 ) (176,451 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 213,212 176,569

The director's loan account was repaid within nine months of the year end. Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest during the year being 2.25% per annum.