Registration number:
CLT 1973 Limited
for the
Year Ended 30 April 2025
CLT 1973 Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
CLT 1973 Limited
Company Information
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Directors |
Mrs C L Tobin Mr P L Tobin |
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Registered office |
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Accountants |
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CLT 1973 Limited
(Registration number: 10337861)
Balance Sheet as at 30 April 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Investment property |
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Investments |
- |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
1 |
1 |
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Retained earnings |
149,626 |
168,242 |
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Shareholders' funds |
149,627 |
168,243 |
For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
CLT 1973 Limited
(Registration number: 10337861)
Balance Sheet as at 30 April 2025
(continued)
Approved and authorised by the
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......................................... |
CLT 1973 Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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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.
Going concern
The financial statements have been prepared on a going concern basis.
CLT 1973 Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
(continued)
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2 |
Accounting policies (continued) |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.
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.
Investment property
CLT 1973 Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
(continued)
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2 |
Accounting policies (continued) |
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
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.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
CLT 1973 Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
(continued)
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2 |
Accounting policies (continued) |
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.
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.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Investment properties |
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2025 |
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At 1 May |
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Additions |
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Fair value adjustments |
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At 30 April |
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The investment properties were revalued by the Director.
There has been no valuation of investment property by an independent valuer.
CLT 1973 Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
(continued)
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Investments |
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2025 |
2024 |
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Investments in subsidiaries |
- |
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Subsidiaries |
£ |
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Cost or valuation |
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At 1 May 2024 |
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Disposals |
( |
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At 30 April 2025 |
- |
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Provision |
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Carrying amount |
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At 30 April 2025 |
- |
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At 30 April 2024 |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
CLT 1973 Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
(continued)
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5 |
Investments (continued) |
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2025 |
2024 |
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Subsidiary undertakings |
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St Ethelbert House
England and Wales |
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Subsidiary undertakings |
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JGT Enterprises Limited The principal activity of JGT Enterprises Limited is |
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Debtors |
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Note |
2025 |
2024 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Prepayments |
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CLT 1973 Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
(continued)
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Creditors |
Creditors: amounts falling due within one year
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Note |
2025 |
2024 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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- |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Accruals and deferred income |
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Creditors: amounts falling due after more than one year
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Note |
2025 |
2024 |
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Due after one year |
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Loans and borrowings |
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Creditors include bank loans which are secured of £2,405,652 (2024 - £1,465,297).
Creditors include bank loans not repayable by instalments of £Nil (2024 - £5,465) due after more than five years.
CLT 1973 Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
(continued)
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Share capital |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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1 |
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1 |
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Loans and borrowings |
Non-current loans and borrowings
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2025 |
2024 |
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Bank borrowings |
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Current loans and borrowings
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2025 |
2024 |
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Bank borrowings |
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CLT 1973 Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
(continued)
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Related party transactions |
Loans to related parties
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2025 |
Parent |
Total |
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At start of period |
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Advanced |
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Repaid |
( |
( |
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At end of period |
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2024 |
Parent |
Total |
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At start of period |
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Advanced |
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Repaid |
( |
( |
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At end of period |
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Terms of loans to related parties
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Parent and ultimate parent undertaking |
The company's immediate parent is