IRIS Accounts Production v25.1.4.42 06404305 Board of Directors 1.1.24 31.12.24 31.12.24 Medium entities No description of principal activity true false true false false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh064043052023-12-31064043052024-12-31064043052024-01-012024-12-31064043052022-12-31064043052023-01-012023-12-31064043052023-12-3106404305ns15:EnglandWales2024-01-012024-12-3106404305ns14:PoundSterling2024-01-012024-12-3106404305ns10:Director12024-01-012024-12-3106404305ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3106404305ns10:MediumEntities2024-01-012024-12-3106404305ns10:Audited2024-01-012024-12-3106404305ns10:Medium-sizedCompaniesRegimeForDirectorsReport2024-01-012024-12-3106404305ns10:Medium-sizedCompaniesRegimeForAccounts2024-01-012024-12-3106404305ns10:FullAccounts2024-01-012024-12-3106404305ns10:EntityNoLongerTradingButTradedInPast2024-01-012024-12-3106404305ns10:OrdinaryShareClass12024-01-012024-12-3106404305ns10:Director22024-01-012024-12-3106404305ns10:RegisteredOffice2024-01-012024-12-3106404305ns5:ContinuingOperations2024-01-012024-12-3106404305ns5:DiscontinuedOperations2024-01-012024-12-3106404305ns5:ContinuingOperations2023-01-012023-12-3106404305ns5:DiscontinuedOperations2023-01-012023-12-310640430522024-01-012024-12-310640430522023-01-012023-12-3106404305ns5:CurrentFinancialInstruments2024-12-3106404305ns5:CurrentFinancialInstruments2023-12-3106404305ns5:ShareCapital2024-12-3106404305ns5:ShareCapital2023-12-3106404305ns5:RetainedEarningsAccumulatedLosses2024-12-3106404305ns5:RetainedEarningsAccumulatedLosses2023-12-3106404305ns5:ShareCapital2022-12-3106404305ns5:RetainedEarningsAccumulatedLosses2022-12-3106404305ns5:RevaluationReserve2022-12-3106404305ns5:CapitalRedemptionReserve2022-12-3106404305ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-3106404305ns5:RevaluationReserve2023-01-012023-12-3106404305ns5:CapitalRedemptionReserve2023-01-012023-12-3106404305ns5:RevaluationReserve2023-12-3106404305ns5:CapitalRedemptionReserve2023-12-3106404305ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-3106404305ns5:RevaluationReserve2024-01-012024-12-3106404305ns5:CapitalRedemptionReserve2024-01-012024-12-3106404305ns5:RevaluationReserve2024-12-3106404305ns5:CapitalRedemptionReserve2024-12-3106404305ns5:ReportableOperatingSegment12024-01-012024-12-3106404305ns5:ReportableOperatingSegment12023-01-012023-12-3106404305ns5:ReportableOperatingSegment22024-01-012024-12-3106404305ns5:ReportableOperatingSegment22023-01-012023-12-3106404305ns5:ReportableOperatingSegment32024-01-012024-12-3106404305ns5:ReportableOperatingSegment32023-01-012023-12-3106404305ns5:TotalReportableOperatingSegmentsIncludingAnyUnallocatedAmount2023-01-012023-12-3106404305ns5:OwnedAssets2024-01-012024-12-3106404305ns5:OwnedAssets2023-01-012023-12-310640430512024-01-012024-12-310640430512023-01-012023-12-3106404305ns10:OrdinaryShareClass12023-01-012023-12-3106404305ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3106404305ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3106404305ns10:OrdinaryShareClass12024-12-3106404305ns5:RetainedEarningsAccumulatedLosses2023-12-31
REGISTERED NUMBER: 06404305 (England and Wales)











STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CLIVE BROOK LIMITED

CLIVE BROOK LIMITED (REGISTERED NUMBER: 06404305)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Income Statement 9

Other Comprehensive Income 11

Statement of Financial Position 12

Statement of Changes in Equity 13

Notes to the Financial Statements 14


CLIVE BROOK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: R Chapman
D R Chapman





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 06404305 (England and Wales)





INDEPENDENT AUDITORS: Cooper Parry Group Limited
St James Building
79 Oxford Street
Manchester
M1 6HT

CLIVE BROOK LIMITED (REGISTERED NUMBER: 06404305)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their strategic report for the year ended 31 December 2024.

The company is a wholly owned subsidiary of Reliance Garage (Ryedale) Limited.

REVIEW OF BUSINESS
During the previous year, on 18 September 2023 all of the company's trade and assets were transferred to Reliance Garage (Ryedale) Limited and so the company ceased to trade from that date.

The company has not traded during the year, and reports a loss before taxation for the year of £438 due to some post-trading interest charges.

The company also recognised a tax credit of £38,834 due to an over-provision of Corporation Tax in the previous year.

The company's entire reserves of £3,616,182 were distributed to the parent company, Reliance Garage (Ryedale) Limited via a dividend which was used to settle the inter-company loan balance.

ON BEHALF OF THE BOARD:





D R Chapman - Director


7 August 2025

CLIVE BROOK LIMITED (REGISTERED NUMBER: 06404305)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

CESSATION OF TRADING
The company ceased trading on 18 September 2023.

DIVIDENDS
An interim dividend of £36,161.88 per share was paid on 2 September 2024. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 December 2024 will be £ 3,616,188 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

R Chapman
D R Chapman

AUDITOR
The audit business of UHY Hacker Young Manchester LLP was acquired by Cooper Parry Group Limited on 30 September 2024. UHY Hacker Young Manchester LLP has resigned as auditor and Cooper Parry Group Limited has been appointed in its place. The auditor, Cooper Parry Group Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

CLIVE BROOK LIMITED (REGISTERED NUMBER: 06404305)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:



D R Chapman - Director


7 August 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CLIVE BROOK LIMITED (REGISTERED NUMBER: 06404305)

Opinion
We have audited the financial statements of Clive Brook Limited (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CLIVE BROOK LIMITED (REGISTERED NUMBER: 06404305)


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CLIVE BROOK LIMITED (REGISTERED NUMBER: 06404305)


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Extent to which the audit was considered capable of detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Identifying and assessing potential risks related to irregularities
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, we considered the following:

- the nature of the industry and sector, control environment and business performance.
- any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to:
- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;
- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; and
- the matters discussed among the audit engagement team and involving relevant internal specialists, including tax, and industry specialists regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and, given the company’s dormant status, identified the primary risk to be that of management override of controls.

We also obtained an understanding of the legal and regulatory frameworks the company operates in, focussing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and tax legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty.

Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
- enquiring of management and those charged with governance concerning actual and potential litigation claims;
- in assessing the risk of fraud through management override of controls, testing the appropriateness of journal entries and assessing whether judgements made in making accounting estimates are indicative of potential bias.

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CLIVE BROOK LIMITED (REGISTERED NUMBER: 06404305)


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Ryan Wear BSc ACA (Senior Statutory Auditor)
for and on behalf of Cooper Parry Group Limited
St James Building
79 Oxford Street
Manchester
M1 6HT

7 August 2025

CLIVE BROOK LIMITED (REGISTERED NUMBER: 06404305)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

31.12.24 31.12.24 31.12.24
Continuing Discontinued Total
Notes £    £    £   

REVENUE 3 - - -
OPERATING PROFIT 5 - - -

Interest payable and similar expenses 6 - (438 ) (438 )
LOSS BEFORE TAXATION - (438 ) (438 )
Tax on loss 7 - 38,834 38,834
PROFIT FOR THE FINANCIAL YEAR - 38,396 38,396

CLIVE BROOK LIMITED (REGISTERED NUMBER: 06404305)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

31.12.23 31.12.23 31.12.23
Continuing Discontinued Total
Notes £    £    £   

REVENUE 3 - 39,775,150 39,775,150
Cost of sales - (36,433,971 ) (36,433,971 )
GROSS PROFIT - 3,341,179 3,341,179

Administrative expenses - (2,631,007 ) (2,631,007 )

OPERATING PROFIT 5 - 710,172 710,172

Interest payable and similar expenses 6 - (220,739 ) (220,739 )
PROFIT BEFORE TAXATION - 489,433 489,433
Tax on profit 7 - (96,163 ) (96,163 )
PROFIT FOR THE FINANCIAL YEAR - 393,270 393,270

CLIVE BROOK LIMITED (REGISTERED NUMBER: 06404305)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   

PROFIT FOR THE YEAR 38,396 393,270


OTHER COMPREHENSIVE INCOME
Revaluation of freehold property
Release deferred tax provision on sale - 87,284
Income tax relating to other comprehensive
income

-

-
OTHER COMPREHENSIVE INCOME
FOR THE YEAR, NET OF INCOME TAX

-

87,284
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

38,396

480,554

CLIVE BROOK LIMITED (REGISTERED NUMBER: 06404305)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   
CURRENT ASSETS
Debtors 9 100 4,287,575

CREDITORS
Amounts falling due within one year 10 - 709,683
NET CURRENT ASSETS 100 3,577,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

3,577,892

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 - 3,577,792
SHAREHOLDERS' FUNDS 100 3,577,892

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2025 and were signed on its behalf by:





D R Chapman - Director


CLIVE BROOK LIMITED (REGISTERED NUMBER: 06404305)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024

Called up Capital
share Retained Revaluation redemption Total
capital earnings reserve reserve equity
£    £    £    £    £   
Balance at 1 January 2023 370,100 2,067,266 937,472 92,500 3,467,338

Changes in equity
Reduction in share capital (370,000 ) - - - (370,000 )
Total comprehensive income - 1,510,526 (937,472 ) (92,500 ) 480,554
Balance at 31 December 2023 100 3,577,792 - - 3,577,892

Changes in equity
Dividends - (3,616,188 ) - - (3,616,188 )
Total comprehensive income - 38,396 - - 38,396
Balance at 31 December 2024 100 - - - 100

CLIVE BROOK LIMITED (REGISTERED NUMBER: 06404305)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Clive Brook Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The directors assess whether the use of going concern is appropriate, i.e. whether there are any material
uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern.

The company ceased to trade on 18 September 2023 and its stock and tangible fixed assets were subsequently transferred at market value to the new parent company. During 2024 the remaining company tax liabilities were settled and the entire reserves of the company were distributed to the parent company.

The company is no longer a going concern, but given that there are no remaining assets or liabilities within the company, there is no requirement to re-measure or re-state these items.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

Significant judgements and estimates
In the application of the company's accounting policies, which are described further in this note, management are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

In the opinion of the directors, no judgements have a significant effect on amounts recognised in the financial statements and no estimates or assumptions have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities.

CLIVE BROOK LIMITED (REGISTERED NUMBER: 06404305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Revenue
Revenue represents income generated from the retail sale of new and used motor vehicles, and from the service and repair of motor vehicles, measured at the fair value of the consideration receivable, excluding direct sales taxes.

Revenue is recognised from the sale of motor vehicles when the vehicle has been 'handed over' to the buyer, as that is the point when the risks and rewards of ownership of the vehicle are considered to have been transferred.

In respect of the service and repair of motor vehicles, revenue is recognised when work has been completed to a satisfactory standard and the sales invoice has been issued to the customer.

Agency commission revenue from manufacturers is recognised at the point the customer takes delivery of the new vehicle and the company becomes entitled to the commission payment.

Tangible fixed assets
During the prior period, the company held fixed assets which were fully disposed of by the end of that period. No fixed assets are held at the current or comparative period end.

Fixed asset investments
Shares in unlisted companies are valued at cost less impairment.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

CLIVE BROOK LIMITED (REGISTERED NUMBER: 06404305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation.

3. REVENUE

The revenue and loss (2023 - profit) before taxation are attributable to the one principal activity of the company.

An analysis of revenue by class of business for the year ended 31 December 2023 is given below:

£   
Sale of goods 38,569,901
Sale of services 1,187,699
Agency commissions 17,550
39,775,150

This analysis is not considered to be applicable to the year ended 31 December 2024.

All turnover arose from business conducted in the United Kingdom.

4. EMPLOYEES AND DIRECTORS
31.12.24 31.12.23
£    £   
Wages and salaries - 1,673,107
Social security costs - 180,033
Other pension costs - 279,454
- 2,132,594

The average number of employees during the year was as follows:
31.12.24 31.12.23

Production - 41
Operations and administration - 13
Sales - 27
- 81

31.12.24 31.12.23
£    £   
Directors' remuneration - 90,645
Directors' pension contributions to money purchase schemes - 257,416

CLIVE BROOK LIMITED (REGISTERED NUMBER: 06404305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31.12.24 31.12.23
£    £   
Depreciation - owned assets - 54,221
Profit on disposal of fixed assets - (69,408 )
Auditors' remuneration - 17,380

Audit costs are borne by the parent company.

6. INTEREST PAYABLE AND SIMILAR EXPENSES
31.12.24 31.12.23
£    £   
Stocking loan interest - 203,565
Corporation tax interest 438 -
Bank loan interest - 17,174
438 220,739

7. TAXATION

Analysis of the tax (credit)/charge
The tax (credit)/charge on the loss for the year was as follows:
31.12.24 31.12.23
£    £   
Current tax:
UK corporation tax - 133,485
Adjustment to prior years tax (38,834 ) -
Total current tax (38,834 ) 133,485

Deferred tax:
Advanced capital allowances - (37,322 )
Tax on (loss)/profit (38,834 ) 96,163

CLIVE BROOK LIMITED (REGISTERED NUMBER: 06404305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. TAXATION - continued

Reconciliation of total tax (credit)/charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

31.12.24 31.12.23
£    £   
(Loss)/profit before tax (438 ) 489,433
(Loss)/profit multiplied by the standard rate of corporation tax in the UK of
25% (2023 - 22.931%)

(110

)

112,232

Effects of:
Capital allowances in excess of depreciation - (153 )
Unutilised tax losses 110 -
Tax adjustments in respect of prior years (38,834 ) -
Profit on asset disposals - (15,916 )
Total tax (credit)/charge (38,834 ) 96,163

Tax effects relating to effects of other comprehensive income

There were no tax effects for the year ended 31 December 2024.

31.12.23
Gross Tax Net
£    £    £   
Revaluation of freehold property
Release deferred tax provision on sale 87,284 - 87,284
87,284 - 87,284

8. DIVIDENDS
31.12.24 31.12.23
£    £   
Ordinary shares of 1 each
Interim 3,616,188 -

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed by group undertakings 100 4,179,402
Other debtors - 108,173
100 4,287,575

CLIVE BROOK LIMITED (REGISTERED NUMBER: 06404305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Corporation Tax - 358,692
VAT - 328,990
Accrued expenses - 22,001
- 709,683

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary 1 100 100

12. RESERVES
Retained
earnings
£   

At 1 January 2024 3,577,792
Profit for the year 38,396
Dividends (3,616,188 )
At 31 December 2024 -

13. DIRECTORS' ADVANCES AND CREDITS

The following advances to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
C R J Brook
Balance outstanding at start of year - 382,990
Amounts repaid - (382,990 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The advances were interest free, repayable on demand and the company held no security in their respect.

The loans were fully repaid on 1 February 2023, as part of the overall financial arrangements for the sale of the company.