Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31true2024-04-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07020378 2024-04-01 2025-03-31 07020378 2023-04-01 2024-03-31 07020378 2025-03-31 07020378 2024-03-31 07020378 c:Director1 2024-04-01 2025-03-31 07020378 d:MotorVehicles 2024-04-01 2025-03-31 07020378 d:MotorVehicles 2025-03-31 07020378 d:MotorVehicles 2024-03-31 07020378 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07020378 d:OfficeEquipment 2024-04-01 2025-03-31 07020378 d:OfficeEquipment 2025-03-31 07020378 d:OfficeEquipment 2024-03-31 07020378 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07020378 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07020378 d:CurrentFinancialInstruments 2025-03-31 07020378 d:CurrentFinancialInstruments 2024-03-31 07020378 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 07020378 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07020378 d:ShareCapital 2025-03-31 07020378 d:ShareCapital 2024-03-31 07020378 d:RetainedEarningsAccumulatedLosses 2025-03-31 07020378 d:RetainedEarningsAccumulatedLosses 2024-03-31 07020378 c:OrdinaryShareClass1 2024-04-01 2025-03-31 07020378 c:OrdinaryShareClass1 2025-03-31 07020378 c:OrdinaryShareClass1 2024-03-31 07020378 c:FRS102 2024-04-01 2025-03-31 07020378 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07020378 c:FullAccounts 2024-04-01 2025-03-31 07020378 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07020378 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07020378









CLAREMONT MOTORSPORT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
CLAREMONT MOTORSPORT LIMITED
REGISTERED NUMBER: 07020378

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,052
2,733

  
2,052
2,733

Current assets
  

Stocks
 5 
40,980
40,202

Debtors: amounts falling due within one year
 6 
281
528

Cash at bank and in hand
  
2,995
10,765

  
44,256
51,495

Creditors: amounts falling due within one year
 7 
(27,029)
(41,607)

Net current assets
  
 
 
17,227
 
 
9,888

Total assets less current liabilities
  
19,279
12,621

  

Net assets
  
19,279
12,621


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
19,179
12,521

  
19,279
12,621


Page 1

 
CLAREMONT MOTORSPORT LIMITED
REGISTERED NUMBER: 07020378
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 July 2025.




T S Falconer
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CLAREMONT MOTORSPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 07020378.  The Company's registered office is Sterling House, 71  Francis Road, Edgbaston, Birmingham, United Kingdom, B16 8SP.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has prepared the accounts on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
CLAREMONT MOTORSPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
33.33% straight line
Office equipment
-
33.33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
CLAREMONT MOTORSPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Page 5

 
CLAREMONT MOTORSPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2024
3,200
5,850
9,050


Additions
-
1,029
1,029



At 31 March 2025

3,200
6,879
10,079



Depreciation


At 1 April 2024
1,067
5,250
6,317


Charge for the year on owned assets
1,067
643
1,710



At 31 March 2025

2,134
5,893
8,027



Net book value



At 31 March 2025
1,066
986
2,052



At 31 March 2024
2,133
600
2,733


5.


Stocks

2025
2024
£
£

Raw materials and consumables
36,701
40,202

Finished goods and goods for resale
4,279
-

40,980
40,202



6.


Debtors

2025
2024
£
£


Trade debtors
281
528

281
528


Page 6

 
CLAREMONT MOTORSPORT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
412
48

Corporation tax
2,262
2,854

Other creditors
22,465
36,755

Accruals and deferred income
1,890
1,950

27,029
41,607



8.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



100 (2024 - 100) Ordinary shares of £1.00 each
100
100



9.


Related party transactions

During the year the director made a loan to the company of £1,711 (2024 - £4,259) and received repayments of £18,001 (2024 - £5,867). As at 31 March 2025, the amount due to the director was £20,465 (2024 - £36,755).  
The loan is interest free and repayable on demand.  

 
Page 7