REGISTERED NUMBER: 10988930 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024

FOR

CLP LIVE LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

5

72,827

91,787

CURRENT ASSETS

Debtors

6

60,045

95,393

Cash at bank

1,375

27,504

61,420

122,897

CREDITORS

Amounts falling due within one year

7

119,117

75,409

NET CURRENT (LIABILITIES)/ASSETS

(57,697

)

47,488

TOTAL ASSETS LESS CURRENT LIABILITIES

15,130

139,275

CREDITORS

Amounts falling due after more than one year

8

(40,014

)

(53,408

)

PROVISIONS FOR LIABILITIES

9

(5,176

)

(9,084

)

NET (LIABILITIES)/ASSETS

(30,060

)

76,783

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

(30,062

)

76,781

SHAREHOLDERS' FUNDS

(30,060

)

76,783

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr C P Philpott - Director

1.	STATUTORY INFORMATION

CLP Live Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10988930

Registered office:

Pharmacy Chambers

High Street

Wadhurst

East Sussex

TN5 6AP

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

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.

The accounts have been prepared on a going concern basis notwithstanding the net liability currently shown on the balance sheet. The directors have confirmed their intention to support the company for at least the next 12 months.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant, machinery and festival equipment

-

20% on reducing balance

Office equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

All fixed assets are initially recorded at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5.	TANGIBLE FIXED ASSETS

Plant,

machinery

and

festival

Office

Motor

Computer

equipment

equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

36,574

8,770

58,990

43,862

148,196

Additions

1,509

775

-

4,121

6,405

At 31 December 2024

38,083

9,545

58,990

47,983

154,601

DEPRECIATION

At 1 January 2024

12,709

2,080

14,748

26,872

56,409

Charge for year

5,075

1,120

11,060

8,110

25,365

At 31 December 2024

17,784

3,200

25,808

34,982

81,774

NET BOOK VALUE

At 31 December 2024

20,299

6,345

33,182

13,001

72,827

At 31 December 2023

23,865

6,690

44,242

16,990

91,787

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

58,990

DEPRECIATION

At 1 January 2024

14,748

Charge for year

11,060

At 31 December 2024

25,808

NET BOOK VALUE

At 31 December 2024

33,182

At 31 December 2023

44,242

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

8,560

27,778

Amount owed by related company

7,972

-

Directors' current account

22,411

63,721

Corporation tax recoverable

17,208

-

S455 tax recoverable

3,894

3,894

60,045

95,393

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

44,585

8,300

Hire purchase contracts

5,094

5,094

Trade creditors

16,677

3,587

Corporation tax

-

25,514

PAYE and social security

5,645

3,378

VAT

20,370

22,423

Other creditors

-

1,032

Credit card account

24,135

3,890

Accruals and deferred income

2,611

2,191

119,117

75,409

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

3,458

8,300

Bank loans - 2-5 years

-

3,458

Hire purchase contracts

36,556

41,650

40,014

53,408

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

Accelerated capital allowances

5,176

9,084

Deferred

tax

£

Balance at 1 January 2024

9,084

Provided during year

(3,908

)

Balance at 31 December 2024

5,176

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Amounts due from the directors at the balance sheet date total £22,411 (2023: £63,721). Amounts due are unsecured and repayable on demand. Interest has been charged using HM Revenue and Customs' beneficial loan rate.

12.	RELATED PARTY DISCLOSURES

At 31 December 2024, the company was owed £7,972 by an associated company, CLP Airdrawn Limited. This amount is interest free.