| Clermont Consultants (UK) Limited |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
The accounts are presented in Pounds Sterling, which is also the functional currency of the company. Rounding of amounts shown in the accounts is to the nearest Pound. |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable. Turnover, net of value added tax, includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the service supplied. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Leasehold land and buildings |
25% reducing balance |
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Fixtures and equipment |
25% reducing balance |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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| 1 |
Accounting policies (contd.) |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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Leased assets |
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Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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Judgements and estimates |
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In the application of the Company's accounting policies, which are described above, management is required to make judgements, estimates, and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on judgement and experience together with any other factors that are considered to be relevant. Actual results may differ from these estimates.
Estimates and any underlying assumptions used are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both the current period and subsequent periods. |
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| 2 |
Audit information |
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The audit report is unqualified. |
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Senior statutory auditor: |
Gary Moss |
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Firm: |
Sterlings Ltd |
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Date of audit report: |
26 September 2025 |
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| 3 |
Employees |
2024 |
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2023 |
| Number |
Number |
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Average number of persons employed by the company |
25 |
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23 |
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| 4 |
Tangible fixed assets |
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Land and buildings |
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Fixtures and equipment etc |
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Total |
| £ |
£ |
£ |
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Cost |
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At 1 January 2024 |
20,397 |
|
173,226 |
|
193,623 |
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Additions |
14,115 |
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95,693 |
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109,808 |
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At 31 December 2024 |
34,512 |
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268,919 |
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303,431 |
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Depreciation |
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At 1 January 2024 |
12,135 |
|
75,136 |
|
87,271 |
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Charge for the year |
5,594 |
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48,446 |
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54,040 |
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At 31 December 2024 |
17,729 |
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123,582 |
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141,311 |
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Net book value |
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At 31 December 2024 |
16,783 |
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145,337 |
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162,120 |
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At 31 December 2023 |
8,262 |
|
98,090 |
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106,352 |
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| 5 |
Debtors |
2024 |
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2023 |
| £ |
£ |
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Trade debtors |
47,230 |
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75,549 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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1,227,209 |
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843,557 |
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Other debtors |
81,092 |
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173,274 |
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1,355,531 |
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1,092,380 |
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| 6 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
| £ |
£ |
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Trade creditors |
14,985 |
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97,096 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
476,959 |
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83,186 |
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Corporation tax |
- |
|
10,371 |
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Other taxes and social security costs |
168,672 |
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319,752 |
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Other creditors |
90,437 |
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54,106 |
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751,053 |
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564,511 |
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| 7 |
Capital commitments |
2024 |
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2023 |
| £ |
£ |
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Amounts contracted for but not provided in the accounts |
- |
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25,292 |
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| 8 |
Other financial commitments |
2024 |
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2023 |
| £ |
£ |
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Total future minimum payments under non-cancellable operating leases |
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524,165 |
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558,431 |
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| 9 |
Ultimate Holding Company and Controlling party |
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The ultimate parent company is Clermont Group Holdings Limited, a company registered in the British Virgin Islands. |
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| 10 |
Other information |
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Clermont Consultants (UK) Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is: |
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Regent House, Allum Gate |
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Theobald Street |
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Borehamwood |
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Hertfordshire |
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WD6 4RS |