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REGISTERED NUMBER: 07871988 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Cleveland & Co Associates Limited

Cleveland & Co Associates Limited (Registered number: 07871988)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cleveland & Co Associates Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Ms E Cleveland





REGISTERED OFFICE: 79 Weston Street
London
SE1 3RS





REGISTERED NUMBER: 07871988 (England and Wales)





ACCOUNTANTS: Oculus Accountancy Limited
Chartered Accountants
83 Victoria Street
London
SW1H 0HW

Cleveland & Co Associates Limited (Registered number: 07871988)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,119 9,578

CURRENT ASSETS
Debtors 5 733,771 859,936
Cash at bank 317,045 330,070
1,050,816 1,190,006
CREDITORS
Amounts falling due within one year 6 (478,484 ) (408,080 )
NET CURRENT ASSETS 572,332 781,926
TOTAL ASSETS LESS CURRENT
LIABILITIES

580,451

791,504

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 580,431 791,484
580,451 791,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 4 August 2025 and were signed by:





Ms E Cleveland - Director


Cleveland & Co Associates Limited (Registered number: 07871988)

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

1. STATUTORY INFORMATION

Cleveland & Co Associates 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome can not be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

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. - 25% on reducing balance
Computer Equipment - 25% on reducing balance

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cleveland & Co Associates Limited (Registered number: 07871988)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 28,048 4,020 32,068
Additions - 1,249 1,249
At 31 December 2024 28,048 5,269 33,317
DEPRECIATION
At 1 January 2024 19,798 2,692 22,490
Charge for year 2,063 645 2,708
At 31 December 2024 21,861 3,337 25,198
NET BOOK VALUE
At 31 December 2024 6,187 1,932 8,119
At 31 December 2023 8,250 1,328 9,578

5. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 490,218 195,061
Other debtors 88,014 158,246
578,232 353,307

Amounts falling due after more than one year:
Other debtors 155,539 506,629

Aggregate amounts 733,771 859,936

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 25,212 87,894
Taxation and social security 266,940 298,795
Other creditors 186,332 21,391
478,484 408,080

Cleveland & Co Associates Limited (Registered number: 07871988)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. RELATED PARTY DISCLOSURES

At the year end Cleveland & Co Associates Ltd loaned Cleveland Australia (a 100% owned subsidiary of Cleveland UK Holding Company Ltd) £148,590 (2023: £501,910), loaned Cleveland SPV II Limited (a 100% owned subsidiary of Cleveland UK Holding Company Ltd) £50 (2023: £50) and SPVIII (a 100% owned subsidiary of Cleveland UK Holding Company Ltd) £6,899 (2023: £4,670).

8. ULTIMATE CONTROLLING PARTY

The controlling party is Cleveland UK Holding Company Limited.