COMPANY REGISTRATION NUMBER:
09862316
|
CLARADON HOLDINGS LIMITED |
|
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
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CLARADON HOLDINGS LIMITED |
|
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STATEMENT OF FINANCIAL POSITION |
|
31 December 2024
FIXED ASSETS
CURRENT ASSETS
|
CREDITORS: amounts falling due within one year |
6 |
(
24,265) |
(
460,724) |
|
--------- |
---------- |
|
NET CURRENT ASSETS |
17,925 |
25,399 |
|
--------- |
--------- |
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
18,915 |
26,389 |
|
--------- |
--------- |
|
NET ASSETS |
18,915 |
26,389 |
|
--------- |
--------- |
|
|
|
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CAPITAL AND RESERVES
|
Called up share capital |
200 |
200 |
|
Profit and loss account |
18,715 |
26,189 |
|
--------- |
--------- |
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SHAREHOLDERS FUNDS |
18,915 |
26,389 |
|
--------- |
--------- |
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|
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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 income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
26 September 2025
, and are signed on behalf of the board by:
Company registration number:
09862316
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CLARADON HOLDINGS LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
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YEAR ENDED 31 DECEMBER 2024
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU.
2.
STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Changes in accounting policies
Previously, the company stated the investment in unlisted shares at fair value. The accounting policy has been changed to state these at cost and accordingly the comparatives have been restated.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Basic financial instruments Trade and other debtors Trade and other debtors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate for a similar debt instrument. Trade and other creditors Trade and other creditors are recognised initially at transaction price less attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate for a similar debt instrument.
4.
INVESTMENTS
|
Shares in participating interests |
|
£ |
|
Cost |
|
|
At 1 January 2024 and 31 December 2024 |
990 |
|
---- |
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Impairment |
|
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At 1 January 2024 and 31 December 2024 |
– |
|
---- |
|
|
|
Carrying amount |
|
|
At 31 December 2024 |
990 |
|
---- |
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At 31 December 2023 |
990 |
|
---- |
|
|
5.
DEBTORS
|
2024 |
2023 |
|
£ |
£ |
|
Amounts owed by participating interests |
41,990 |
485,923 |
|
Other debtors |
200 |
200 |
|
--------- |
---------- |
|
42,190 |
486,123 |
|
--------- |
---------- |
|
|
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6.
CREDITORS:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Other creditors |
24,265 |
460,724 |
|
--------- |
---------- |
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