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Company Registration No. 07008293 (England and Wales)
Clifford Baines International Limited Unaudited accounts for the year ended 30 September 2024
Clifford Baines International Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Clifford Baines International Limited Company Information for the year ended 30 September 2024
Directors
Andrew Loram Hannah Loram
Company Number
07008293 (England and Wales)
Registered Office
Curtis House 34, Third Avenue Hove BN3 2PD United Kingdom
Accountants
Collective Concepts Accounting Ltd
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Clifford Baines International Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
117,335 
104,203 
Tangible assets
5
9,346 
4,381 
Investments
6
1,760 
2,891 
128,441 
111,475 
Current assets
Debtors
7
193,677 
235,853 
Cash at bank and in hand
484,973 
543,097 
678,650 
778,950 
Creditors: amounts falling due within one year
8
(2,959)
(3,811)
Net current assets
675,691 
775,139 
Total assets less current liabilities
804,132 
886,614 
Provisions for liabilities
Deferred tax
- 
(833)
Net assets
804,132 
885,781 
Capital and reserves
Called up share capital
100 
100 
Fair value reserve
15,382 
- 
Profit and loss account
788,650 
885,681 
Shareholders' funds
804,132 
885,781 
For the year ending 30 September 2024 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 20 June 2025 and were signed on its behalf by
Andrew Loram Director Company Registration No. 07008293
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Clifford Baines International Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Clifford Baines International Limited is a private company, limited by shares, registered in England and Wales, registration number 07008293. The registered office is Curtis House, 34, Third Avenue, Hove, BN3 2PD, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
15% Reducing balance
Fixtures & fittings
15% Reducing balance
Computer equipment
5 Years Straight Line
Intangible fixed assets - Digital Assets
The Company holds Digital Assets equal to the amount due to holders of Digital Securities solely for the purposes of meeting its obligations under the Digital Securities. Digital Assets are priced on a daily basis based on the amount of the Digital Assets held using the relevant Quoted Price, and is considered to be the fair value of the Digital Assets. Digital Assets are included at cost less accumulated amortisation. Subsequent measurement is carried out using the revaluation model.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
- 5 -
Clifford Baines International Limited Notes to the Accounts for the year ended 30 September 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 October 2023
104,203 
Additions
4,639 
Disposals
(1)
Revaluations
8,494 
At 30 September 2024
117,335 
Amortisation
At 1 October 2023
- 
At 30 September 2024
- 
Net book value
At 30 September 2024
117,335 
At 30 September 2023
104,203 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
16,897 
- 
- 
16,897 
Additions
- 
5,334 
1,962 
7,296 
At 30 September 2024
16,897 
5,334 
1,962 
24,193 
Depreciation
At 1 October 2023
12,516 
- 
- 
12,516 
Charge for the year
1,596 
491 
244 
2,331 
At 30 September 2024
14,112 
491 
244 
14,847 
Net book value
At 30 September 2024
2,785 
4,843 
1,718 
9,346 
At 30 September 2023
4,381 
- 
- 
4,381 
6
Investments
Other investments 
£ 
Valuation at 1 October 2023
2,891 
Fair value adjustments
(1,131)
Valuation at 30 September 2024
1,760 
- 6 -
Clifford Baines International Limited Notes to the Accounts for the year ended 30 September 2024
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
799 
808 
Accrued income and prepayments
1,851 
153 
Other debtors
191,027 
234,892 
193,677 
235,853 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
2,625 
3,704 
Taxes and social security
107 
107 
Other creditors
227 
- 
2,959 
3,811 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Andrew Loram
10,002 
58,047 
58,049 
10,000 
Hannah Loram
9,688 
51,117 
51,480 
9,325 
19,690 
109,164 
109,529 
19,325 
At the year end the company was due £19,325 (2023: £19,680) from the two Directors. These are interest free loans and no repayment terms have been agreed.
10
Average number of employees
During the year the average number of employees was 3 (2023: 4).
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