| REGISTERED NUMBER: |
| Financial Statements for the Period 1 January 2023 to 26 December 2023 |
| for |
| Clover Industrial Investments Limited |
| REGISTERED NUMBER: |
| Financial Statements for the Period 1 January 2023 to 26 December 2023 |
| for |
| Clover Industrial Investments Limited |
| Clover Industrial Investments Limited (Registered number: 11707502) |
| Contents of the Financial Statements |
| for the Period 1 January 2023 to 26 December 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Clover Industrial Investments Limited |
| Company Information |
| for the Period 1 January 2023 to 26 December 2023 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 116 Duke Street |
| Liverpool |
| Merseyside |
| L1 5JW |
| Clover Industrial Investments Limited (Registered number: 11707502) |
| Balance Sheet |
| 26 December 2023 |
| 26.12.23 | 31.12.22 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| Clover Industrial Investments Limited (Registered number: 11707502) |
| Balance Sheet - continued |
| 26 December 2023 |
| The financial statements were approved by the director and authorised for issue on |
| Clover Industrial Investments Limited (Registered number: 11707502) |
| Notes to the Financial Statements |
| for the Period 1 January 2023 to 26 December 2023 |
| 1. | STATUTORY INFORMATION |
| Clover Industrial Investments Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Significant judgements and estimates |
| There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable on property rentals and equipment sales, excluding discounts, rebates, value added tax and other sales taxes. Income is recognised as the rents are paid and at the point of invoice for equipment sales. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Financial instruments |
| Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. |
| Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
| Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date. |
| Clover Industrial Investments Limited (Registered number: 11707502) |
| Notes to the Financial Statements - continued |
| for the Period 1 January 2023 to 26 December 2023 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 January 2023 |
| Additions |
| At 26 December 2023 |
| NET BOOK VALUE |
| At 26 December 2023 |
| At 31 December 2022 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 26.12.23 | 31.12.22 |
| £ | £ |
| Trade debtors |
| Amounts owed by associates |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 26.12.23 | 31.12.22 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to associates | 2,624,360 | - |
| Taxation and social security |
| Other creditors |
| Clover Industrial Investments Limited (Registered number: 11707502) |
| Notes to the Financial Statements - continued |
| for the Period 1 January 2023 to 26 December 2023 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 26.12.23 | 31.12.22 |
| £ | £ |
| Bank loans |
| Other creditors |
| 8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the period ended 26 December 2023 and the year ended 31 December 2022: |
| 26.12.23 | 31.12.22 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |