Clivedale UK Limited

	Page
Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3—5

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Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 14117934

		31 December 2024		31 December 2023
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	1,439,000		327,262
Cash at bank and in hand		16,141		67,627

		1,455,141		394,889
Creditors: Amounts Falling Due Within One Year	5	(3,182,692 )		(1,841,793 )

NET CURRENT ASSETS (LIABILITIES)			(1,727,551 )		(1,446,904 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,727,551 )		(1,446,904 )

NET LIABILITIES			(1,727,551 )		(1,446,904 )

CAPITAL AND RESERVES
Called up share capital			100,000		100,000
Profit and Loss Account			(1,827,551 )		(1,546,904 )

SHAREHOLDERS' FUNDS			(1,727,551)		(1,446,904)

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Sameer Gehlaut

Director

25/09/2025

The notes on pages 3 to 5 form part of these financial statements.

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Clivedale UK Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Clivedale UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14117934 . The registered office is Apartment 6.01 5 Stanhope Gate, London, United Kingdom, W1K 1AH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK ad Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to comanies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterlig, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The Principal accounting policies adopted are set out below.

2.2. Going Concern Disclosure

At the of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

2.3. Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in

the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration

takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the

present value of the future receipts. The difference between the fair value of the consideration and the nominal

amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have

passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable

that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be

incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion

when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion

is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a

proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of

the expenses recognised that it is probable will be recovered.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. bank overdrafts are shown within borrowings in current liabilities.

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Clivedale UK Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Employee Benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock of fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2.9. Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 6)

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Clivedale UK Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Trade debtors	594,000	224,575
Other debtors	845,000	102,687

	1,439,000	327,262

Trade debtors comprise solely amounts owed by group undertakings.

5. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Trade creditors	332	-
Amounts owed to group undertakings	3,142,946	1,795,000
Other creditors	3,900	2,000
Taxation and social security	35,514	44,793

	3,182,692	1,841,793

6. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

7. Audit Information

The auditor's report on the accounts of Clivedale UK Limited for the year ended 31 December 2024 was unqualified.

The auditor's report was signed by Sunil Phakkey (Senior Statutory Auditor) for and on behalf of Pritchard Fellows & Co , Statutory Auditor.

Pritchard Fellows & Co

Chartered Certified Accountants & Reg. Auditors

Avery House

8 Avery Hill Road

London

SE9 2BD

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Director	Mr Sameer Gehlaut

Company Number	14117934

Registered Office	Apartment 6.01 5 Stanhope Gate
	London
	United Kingdom
	W1K 1AH

Auditors	Pritchard Fellows & Co
	Chartered Certified Accountants & Reg. Auditors
	Avery House
	8 Avery Hill Road
	London
	SE9 2BD