Registration number: 01979551

Chrisanne Clover Limited

Contents

Company Information	1
Accountants' Report	2
Statement of Financial Position	3 to 4
Notes to the Unaudited Financial Statements	5 to 10

Chrisanne Clover Limited

Company Information

Directors

Y Li P Dobner G W Hatch R H Latham

Registered office

Unit 6-8, Liongate Enterprise Park 80 Morden Road Mitcham Surrey CR4 4NY

Accountants

Innovi Advisors Ltd Chartered Certified Accountants163 Herne Hill London SE24 9LR

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Chrisanne Clover Limited
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Chrisanne Clover Limited for the year ended 31 December 2024 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Chrisanne Clover Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Chrisanne Clover Limited and state those matters that we have agreed to state to the Board of Directors of Chrisanne Clover Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chrisanne Clover Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Chrisanne Clover Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Chrisanne Clover Limited. You consider that Chrisanne Clover Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Chrisanne Clover Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Innovi Advisors Ltd
Chartered Certified Accountants
163 Herne Hill
London
SE24 9LR

8 August 2025

Chrisanne Clover Limited

(Registration number: 01979551)
Statement of Financial Position as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	120,350	113,523
Current assets
Stocks	5	757,143	655,479
Debtors	6	782,556	786,042
Cash at bank and in hand		6,751	73,915
		1,546,450	1,515,436
Creditors: Amounts falling due within one year	7	(494,669)	(474,109)
Net current assets		1,051,781	1,041,327
Total assets less current liabilities		1,172,131	1,154,850
Creditors: Amounts falling due after more than one year	7	(129,167)	(75,000)
Provisions for liabilities		(28,969)	(20,534)
Net assets		1,013,995	1,059,316
Capital and reserves
Called up share capital		21,200	21,200
Share premium reserve		12,000	12,000
Capital redemption reserve		20,000	20,000
Retained earnings		960,795	1,006,116
Shareholders' funds		1,013,995	1,059,316

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
 

Chrisanne Clover Limited

(Registration number: 01979551)
Statement of Financial Position as at 31 December 2024 (continued)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 8 August 2025 and signed on its behalf by:
 

Y Li Director

Chrisanne Clover Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 6-8, Liongate Enterprise Park
80 Morden Road
Mitcham
Surrey
CR4 4NY
United Kingdom

2	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.

The presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest Pound.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Chrisanne Clover Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Foreign currency

Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Long leasehold	Straight line over the life of the lease
Plant and machinery	25% on reducing balance
Fixture and fittings	10% on reducing balance

Chrisanne Clover Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities, or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 27 (2023 - 27).

Chrisanne Clover Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4	Tangible assets

	Long leasehold £	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2024	63,947	184,062	169,483	417,492
Additions	47,950	450	3,200	51,600
Disposals	(16,643)	(48,789)	(62,090)	(127,522)
At 31 December 2024	95,254	135,723	110,593	341,570
Depreciation
At 1 January 2024	55,626	111,172	137,171	303,969
Charge for the year	4,795	5,678	7,894	18,367
Eliminated on disposal	(8,322)	(33,901)	(58,893)	(101,116)
At 31 December 2024	52,099	82,949	86,172	221,220
Carrying amount
At 31 December 2024	43,155	52,774	24,421	120,350
At 31 December 2023	8,321	72,890	32,312	113,523

5

Stocks

	2024 £	2023 £
Stocks	757,143	655,479

6

Debtors

Current	Note	2024 £	2023 £
Trade debtors		219,326	256,517
Amounts owed by related parties	10	363,695	395,083
Prepayments		60,929	54,875
Other debtors		138,606	79,567
		782,556	786,042

Chrisanne Clover Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	8	234,606	165,726
Trade creditors		192,136	254,484
Amounts owed to parent company	10	25,165	23,913
Taxation and social security		29,623	16,062
Accruals and deferred income		12,417	13,202
Other creditors		722	722
		494,669	474,109

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	129,167	75,000

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	129,167	75,000

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	214,235	165,726
Bank overdrafts	20,371	-
	234,606	165,726

 

Chrisanne Clover Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

9	Pension commitments

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £27,666 (2023 - £27,666).

10	Ultimate controlling party

The ultimate controlling party is Y Li.

11	Relationship between entity and parents

Suntang International Limited, a company incorporated in England & Wales is regarded by the directors as the ultimate parent of the group which Chrisanne Clover sits within.

The registered office of Suntang International Limited is Unit 6-8, Liongate Enterprise Park, 80 Morden Road, Mitcham, Surrey, England, CR4 4NY.

Group accounts have not been prepared as the group qualifies as a small group under Section 383 of the Companies Act 2006.