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Company registration number: 10958921
St Clements Hill Limited
Unaudited filleted financial statements
28 September 2024
St Clements Hill Limited
Contents
Director and other information
Statement of financial position
Notes to the financial statements
St Clements Hill Limited
Director and other information
Director A J McGivern
Company number 10958921
Registered office Chardstock House
Chardstock Lane
Chard
England
TA20 2TL
Accountants Redford & Co Limited
Chartered Accountants
First Floor
64 Baker Street
London
W1U 7GB
St Clements Hill Limited
Statement of financial position
28 September 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 5 3,880,435 2,502,059
Cash at bank and in hand 8,233 857,070
_______ _______
3,888,668 3,359,129
Creditors: amounts falling due
within one year 6 ( 514,604) ( 915,943)
_______ _______
Net current assets 3,374,064 2,443,186
_______ _______
Total assets less current liabilities 3,374,064 2,443,186
Creditors: amounts falling due
after more than one year 7 ( 2,668,081) ( 1,999,999)
_______ _______
Net assets 705,983 443,187
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 705,982 443,186
_______ _______
Shareholders funds 705,983 443,187
_______ _______
For the year ending 28 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 19 September 2025 , and are signed on behalf of the board by:
A J McGivern
Director
Company registration number: 10958921
St Clements Hill Limited
Notes to the financial statements
Year ended 28 September 2024
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Chardstock House, Chardstock Lane, Chard, England, TA20 2TL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Debtors
2024 2023
£ £
Other debtors 3,880,435 2,502,059
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 16,667 26,667
Trade creditors 9,920 10,648
Corporation tax 325,074 231,665
Other creditors 162,943 646,963
_______ _______
514,604 915,943
_______ _______
7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 2,668,081 1,999,999
_______ _______
8. Controlling party
The company is owned by Andrew McGivern who owns 100% of the share capital of the company.