Cladbrook Ltd 12973617 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is commercial property rental. Digita Accounts Production Advanced 6.30.9574.0 true true 12973617 2024-01-01 2024-12-31 12973617 2024-12-31 12973617 core:CurrentFinancialInstruments 2024-12-31 12973617 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 12973617 core:Non-currentFinancialInstruments 2024-12-31 12973617 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 12973617 core:LandBuildings 2024-12-31 12973617 1 2024-12-31 12973617 bus:SmallEntities 2024-01-01 2024-12-31 12973617 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 12973617 bus:FilletedAccounts 2024-01-01 2024-12-31 12973617 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12973617 bus:RegisteredOffice 2024-01-01 2024-12-31 12973617 bus:Director1 2024-01-01 2024-12-31 12973617 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12973617 bus:Agent1 2024-01-01 2024-12-31 12973617 core:LandBuildings 2024-01-01 2024-12-31 12973617 core:OtherRelatedParties 2024-01-01 2024-12-31 12973617 countries:EnglandWales 2024-01-01 2024-12-31 12973617 1 2024-01-01 2024-12-31 12973617 2023-12-31 12973617 core:LandBuildings 2023-12-31 12973617 1 2023-12-31 12973617 2023-01-01 2023-12-31 12973617 2023-12-31 12973617 core:CurrentFinancialInstruments 2023-12-31 12973617 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12973617 core:Non-currentFinancialInstruments 2023-12-31 12973617 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 12973617 core:LandBuildings 2023-12-31 12973617 1 2023-12-31 12973617 1 2023-01-01 2023-12-31 12973617 1 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 12973617

Cladbrook Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Cladbrook Ltd

Contents
for the Year Ended 31 December 2024

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Cladbrook Ltd

Company Information
for the Year Ended 31 December 2024

Director

W Doyle

Registered office

St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

Registered number

12973617 ( England and Wales )

Accountants

Windsor Accountancy Limited
Chartered Certified AccountantsSt Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

 

Cladbrook Ltd

(Registration number: 12973617)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,200,000

2,322,069

Current assets

 

Debtors

5

71

9,430

Cash at bank and in hand

 

13,831

10,515

 

13,902

19,945

Creditors: Amounts falling due within one year

6

(1,202,895)

(1,146,178)

Net current liabilities

 

(1,188,993)

(1,126,233)

Total assets less current liabilities

 

2,011,007

1,195,836

Creditors: Amounts falling due after more than one year

6

(1,064,807)

(1,122,645)

Provisions for liabilities

(208,843)

-

Net assets

 

737,357

73,191

Capital and reserves

 

Called up share capital

100

100

Retained earnings

737,257

73,091

Shareholders' funds

 

737,357

73,191

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

Cladbrook Ltd

(Registration number: 12973617)
Balance Sheet as at 31 December 2024

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 July 2025
 

.........................................
W Doyle
Director

 

Cladbrook Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

These financial statements were authorised for issue by the director on 14 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Cladbrook Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Secured Debts

Barclays Security Trustee Limited has a fixed and floating charge over the assets of the company.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Cladbrook Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year was 1 (2023 - 1).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 January 2024

2,322,069

2,322,069

Revaluations

877,931

877,931

At 31 December 2024

3,200,000

3,200,000

Depreciation

Carrying amount

At 31 December 2024

3,200,000

3,200,000

At 31 December 2023

2,322,069

2,322,069

Included within the net book value of land and buildings above is £3,200,000 (2023 - £2,322,069) in respect of freehold land and buildings.
 

Revaluation

The fair value of the company's Freehold Building was revalued on 16 September 2024 by an independent valuer. The name and qualification of the independent valuer is Fisher Serman LLP, Chartered Surveyors.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £2,322,069 (2023 - £2,322,069).

5

Debtors

2024
£

2023
£

Trade debtors

71

200

Prepayments

-

352

Other debtors

-

8,878

71

9,430

 

Cladbrook Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

57,365

53,149

Amounts owed to related parties

8

1,126,309

1,067,309

Taxation and social security

 

1,371

-

Accruals and deferred income

 

1,920

1,440

Other creditors

 

15,930

24,280

 

1,202,895

1,146,178

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

1,064,807

1,122,645

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

1,064,807

1,122,645

Current loans and borrowings

2024
£

2023
£

Bank borrowings

57,365

53,149

 

Cladbrook Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8

Related party transactions

Transactions with the director

2024

At 1 January 2024
£

Advances to director
£

At 31 December 2024
£

Advances and credits

(24,080)

8,500

(15,580)

 

2023

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

Advances and credits

50

1,550

(25,680)

(24,080)

 

Other transactions with the director

The balance due to the director at the year end date was free of interest and deemed repayable on demand. 

Summary of transactions with other related parties

At the year end the company owed £1,126,309 (2023: £1,067,309) to Doyle Machinery Limited, a company partly owned by the director Mr W Doyle.