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REGISTERED NUMBER: SC398026 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

CLOCH SOLICITORS LIMITED

CLOCH SOLICITORS LIMITED (REGISTERED NUMBER: SC398026)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLOCH SOLICITORS LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2025







DIRECTOR: P A Hannay





REGISTERED OFFICE: Standard Buildings
94 Hope Street
Glasgow
G2 6PH





REGISTERED NUMBER: SC398026 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

CLOCH SOLICITORS LIMITED (REGISTERED NUMBER: SC398026)

BALANCE SHEET
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 18,953 19,913
Tangible assets 5 1,246 1,558
Investments 6 1 1
20,200 21,472

CURRENT ASSETS
Stocks 30,000 5,000
Debtors 7 381,366 627,532
Investments 8 - 4,414
Cash at bank and in hand 713,710 430,141
1,125,076 1,067,087
CREDITORS
Amounts falling due within one year 9 84,385 143,750
NET CURRENT ASSETS 1,040,691 923,337
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,060,891

944,809

PROVISIONS FOR LIABILITIES 311 389
NET ASSETS 1,060,580 944,420

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,060,579 944,419
SHAREHOLDERS' FUNDS 1,060,580 944,420

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

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

CLOCH SOLICITORS LIMITED (REGISTERED NUMBER: SC398026)

BALANCE SHEET - continued
31 January 2025


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 24 June 2025 and were signed by:





P A Hannay - Director


CLOCH SOLICITORS LIMITED (REGISTERED NUMBER: SC398026)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Cloch Solicitors Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover represents amounts receivable for legal services provided, net of VAT.

Intangible assets
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets comprise licence fees paid to acquire trade marks for onward licensing or sale. Such assets are defined as having finite useful lives and the costs are amortised on a straight line basis over the remainder of the licence period, Intangible assets are stated at cost less amortisation and are reviewed for impairment whenever there is an indication that the carrying value may be impaired.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Trademark Portfolio-useful life of each individual trademark.

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 etc - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress represents unbilled or incomplete work at the year end, stated at fair value, to the extent that it is deemed recoverable.

Taxation
Taxation for the year 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.


CLOCH SOLICITORS LIMITED (REGISTERED NUMBER: SC398026)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025

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 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 2 (2024 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2024 90,000
Additions 12,000
Disposals (10,000 )
At 31 January 2025 92,000
AMORTISATION
At 1 February 2024 70,087
Charge for year 11,790
Eliminated on disposal (8,830 )
At 31 January 2025 73,047
NET BOOK VALUE
At 31 January 2025 18,953
At 31 January 2024 19,913

CLOCH SOLICITORS LIMITED (REGISTERED NUMBER: SC398026)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024
and 31 January 2025 3,005
DEPRECIATION
At 1 February 2024 1,447
Charge for year 312
At 31 January 2025 1,759
NET BOOK VALUE
At 31 January 2025 1,246
At 31 January 2024 1,558

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2024
and 31 January 2025 1
NET BOOK VALUE
At 31 January 2025 1
At 31 January 2024 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 137,434 307,331
Amounts owed by group undertakings 217,789 214,425
Other debtors 26,143 105,776
381,366 627,532

8. CURRENT ASSET INVESTMENTS
31.1.25 31.1.24
£    £   
Unlisted investments - 4,414

CLOCH SOLICITORS LIMITED (REGISTERED NUMBER: SC398026)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Taxation and social security 80,385 137,260
Other creditors 4,000 6,490
84,385 143,750

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.25 31.1.24
£    £   
Within one year 13,850 5,275
Between one and five years 19,621 -
33,471 5,275

11. RELATED PARTY DISCLOSURES

The company was owed £217,789 (2024-£214,425) at the year end by Roslevan Ltd. Roslevan is a subsidiary company of Cloch Solicitors Ltd. £217,789 was the maximum amount outstanding during the year.