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REGISTERED NUMBER: 13677387 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2025

FOR

CLYDE & PAUL LTD

CLYDE & PAUL LTD (REGISTERED NUMBER: 13677387)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLYDE & PAUL LTD

COMPANY INFORMATION
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2025







DIRECTOR: P Field





REGISTERED OFFICE: 364 Old Kent Road
London
United Kingdom
SE1 5AA





REGISTERED NUMBER: 13677387 (England and Wales)





ACCOUNTANTS: Galloways Accounting Limited
15 West Street
Brighton
East Sussex
BN1 2RL

CLYDE & PAUL LTD (REGISTERED NUMBER: 13677387)

BALANCE SHEET
31 MARCH 2025

2025 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 140 209
Investment property 5 400,000 289,547
400,140 289,756

CURRENT ASSETS
Debtors 6 180 -
Cash at bank 670 2,333
850 2,333
CREDITORS
Amounts falling due within one year 7 152,040 137,000
NET CURRENT LIABILITIES (151,190 ) (134,667 )
TOTAL ASSETS LESS CURRENT LIABILITIES 248,950 155,089

CREDITORS
Amounts falling due after more than one year 8 (156,611 ) (160,061 )

PROVISIONS FOR LIABILITIES (27,613 ) -
NET ASSETS/(LIABILITIES) 64,726 (4,972 )

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 9 82,840 -
Retained earnings (18,115 ) (4,973 )
64,726 (4,972 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 June 2025 and were signed by:





P Field - Director


CLYDE & PAUL LTD (REGISTERED NUMBER: 13677387)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2025


1. STATUTORY INFORMATION

Clyde & Paul 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

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.

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.

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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2023
and 31 March 2025 242
DEPRECIATION
At 1 November 2023 33
Charge for period 69
At 31 March 2025 102
NET BOOK VALUE
At 31 March 2025 140
At 31 October 2023 209

CLYDE & PAUL LTD (REGISTERED NUMBER: 13677387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2025


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 289,547
Revaluations 110,453
At 31 March 2025 400,000
NET BOOK VALUE
At 31 March 2025 400,000
At 31 October 2023 289,547

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2025 110,453
Cost 289,547
400,000

If investment property had not been revalued it would have been included at the following historical cost:

2025 2023
£    £   
Cost 289,547 289,547

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2023
£    £   
Other debtors 180 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2023
£    £   
Bank loans and overdrafts 17,463 18,406
Trade creditors 273 8,126
Other creditors 134,304 110,468
152,040 137,000

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2023
£    £   
Bank loans 156,611 160,061

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 86,756 86,438

9. RESERVES
Fair
value
reserve
£   
Transfer between reserves 82,840

At 31 March 2025 82,840

CLYDE & PAUL LTD (REGISTERED NUMBER: 13677387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2025


10. RELATED PARTY DISCLOSURES

Companies under common control

Amount due
to
£
Opening balance -
Amounts advanced 13,500
Amounts repaid -
Closing balance 13,500

This balance is included in creditors.

11. TRANSITION TO FRS 102

The company transitioned from FRS 105 to FRS 102 as of 1 November 2024, adopting the principles of FRS 102 retrospectively. The transition to FRS 102 had no affect on figures for the prior period, and therefore, no restatement is required.