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REGISTERED NUMBER: 05062249 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

CLOVERMEAD LTD

CLOVERMEAD LTD (REGISTERED NUMBER: 05062249)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLOVERMEAD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mr. P M Keegan
Mrs. C Keegan





SECRETARY: Mrs. C Keegan





REGISTERED OFFICE: Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN





REGISTERED NUMBER: 05062249 (England and Wales)





ACCOUNTANTS: Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

CLOVERMEAD LTD (REGISTERED NUMBER: 05062249)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121 170
Investment property 5 900,000 900,000
900,121 900,170

CURRENT ASSETS
Debtors 6 250,111 250,046
Cash at bank 13,314 20,467
263,425 270,513
CREDITORS
Amounts falling due within one year 7 190,451 204,262
NET CURRENT ASSETS 72,974 66,251
TOTAL ASSETS LESS CURRENT
LIABILITIES

973,095

966,421

CREDITORS
Amounts falling due after more than
one year

8

(584,982

)

(587,217

)

PROVISIONS FOR LIABILITIES (77,067 ) (77,067 )
NET ASSETS 311,046 302,137

CAPITAL AND RESERVES
Called up share capital 500 500
Fair value reserve 328,547 328,547
Retained earnings (18,001 ) (26,910 )
311,046 302,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CLOVERMEAD LTD (REGISTERED NUMBER: 05062249)

BALANCE SHEET - continued
30 NOVEMBER 2024


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 Board of Directors and authorised for issue on 11 June 2025 and were signed on its behalf by:





Mrs. C Keegan - Director


CLOVERMEAD LTD (REGISTERED NUMBER: 05062249)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Clovermead Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 1,698
DEPRECIATION
At 1 December 2023 1,528
Charge for year 49
At 30 November 2024 1,577
NET BOOK VALUE
At 30 November 2024 121
At 30 November 2023 170

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 900,000
NET BOOK VALUE
At 30 November 2024 900,000
At 30 November 2023 900,000

CLOVERMEAD LTD (REGISTERED NUMBER: 05062249)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


5. INVESTMENT PROPERTY - continued

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2022 405,615
Cost 494,385
900,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 494,385 494,385

Investment property was valued on an open market basis on 30 November 2024 by the director, Mr P Keegan .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 250,111 250,046

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,583 4,583
Trade creditors 1,260 1,080
Other creditors 184,608 198,599
190,451 204,262

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 584,982 587,217

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 589,565 591,800

The loan of £550,967 (2023: £550,967) is secured against the freehold property at 17-19 St Johns Road, Watford, WD17 1PW.