REGISTERED NUMBER: 02699047 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2025

FOR

CLIP CONSULTANCY LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C E Elkins

REGISTERED OFFICE:

4th Floor

Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

REGISTERED NUMBER:

02699047 (England and Wales)

ACCOUNTANTS:

Workwell People Solutions Limited

4th Floor

Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

FIXED ASSETS

Tangible assets

5

-

261

Investment property

6

141,000

141,000

141,000

141,261

CURRENT ASSETS

Debtors

1,744

7,598

Investments

12,610

9,450

Cash at bank

46,435

73,189

60,789

90,237

CREDITORS

Amounts falling due within one year

212

10,878

NET CURRENT ASSETS

60,577

79,359

TOTAL ASSETS LESS CURRENT LIABILITIES

201,577

220,620

CAPITAL AND RESERVES

Called up share capital

7

100

100

Fair value reserve

(17,659

)

(17,659

)

Retained earnings

219,136

238,179

SHAREHOLDERS' FUNDS

201,577

220,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 September 2025 and were signed by:

Mr C E Elkins - Director

1.	STATUTORY INFORMATION

CLIP CONSULTANCY 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 February 2024

and 31 January 2025

1,532

DEPRECIATION

At 1 February 2024

1,271

Charge for year

261

At 31 January 2025

1,532

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

261

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

141,000

NET BOOK VALUE

At 31 January 2025

141,000

At 31 January 2024

141,000

Fair value at 31 January 2025 is represented by:

£

Valuation in 2014

(2,915

)

Valuation in 2021

(5,349

)

Valuation in 2023

(9,394

)

Cost

158,658

141,000

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

Mr C E Elkins

Balance outstanding at start of year

5,636

4,423

Amounts advanced

21,528

12,000

Amounts repaid

(26,960

)

(10,787

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

204

5,636

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C E Elkins.