Registered number
10432300
The Cluny (Newcastle) Limited
Filleted Accounts
30 September 2024
The Cluny (Newcastle) Limited
Registered number: 10432300
Balance Sheet
as at 30 September 2024
Notes 30/9/24 31/3/24
£ £
Fixed assets
Tangible assets 4 352,779 358,469
Current assets
Stocks 14,236 16,836
Debtors 5 6,145 373
Cash at bank and in hand 31,977 60,968
52,358 78,177
Creditors: amounts falling due within one year 6 (160,641) (180,964)
Net current liabilities (108,283) (102,787)
Total assets less current liabilities 244,496 255,682
Creditors: amounts falling due after more than one year 7 (210,599) (215,940)
Provisions for liabilities (14,026) (14,314)
Net assets 19,871 25,428
Capital and reserves
Called up share capital 100 100
Profit and loss account 19,771 25,328
Shareholders' funds 19,871 25,428
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Ive
Director
Approved by the board on 12 June 2025
The Cluny (Newcastle) Limited
Notes to the Accounts
for the period from 1 April 2024 to 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over 20 years
Fixtures, fittings, tools and equipment over 10 years reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 30/9/24 31/3/24
Number Number
Average number of persons employed by the company 25 27
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 30,000
At 30 September 2024 30,000
Amortisation
At 1 April 2024 30,000
At 30 September 2024 30,000
Net book value
At 30 September 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2024 315,284 192,098 507,382
Additions - 3,085 3,085
At 30 September 2024 315,284 195,183 510,467
Depreciation
At 1 April 2024 82,989 65,924 148,913
Charge for the period 2,375 6,400 8,775
At 30 September 2024 85,364 72,324 157,688
Net book value
At 30 September 2024 229,920 122,859 352,779
At 31 March 2024 232,295 126,174 358,469
5 Debtors 30/9/24 31/3/24
£ £
Trade debtors 1,450 -
Other debtors 4,695 373
6,145 373
6 Creditors: amounts falling due within one year 30/9/24 31/3/24
£ £
Bank loans and overdrafts 11,148 11,148
Trade creditors 11,302 12,249
Amounts owed to group undertakings and undertakings in which the company has a participating interest 33,420 28,161
Taxation and social security costs 74,620 103,582
Other creditors 30,151 25,824
160,641 180,964
7 Creditors: amounts falling due after one year 30/9/24 31/3/24
£ £
Bank loans 10,599 15,940
Amounts owed to group undertakings and undertakings in which the company has a participating interest 200,000 200,000
210,599 215,940
8 Other information
The Cluny (Newcastle) Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Cluny
36 Lime Street
Newcastle upon Tyne
Tyne & Wear
NE1 2PQ
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