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Registered number: 12306828
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Clementine Services Ltd
Financial statements
Information for filing with the registrar
31 December 2024
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Balance sheet
At 31 December 2024
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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1
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Balance sheet (continued)
At 31 December 2024
The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 September 2025.
Company registered number: 12306828
The notes on pages 3 to 6 form part of these financial statements.
2
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Notes to the financial statements
Period Ended 31 December 2024
Clementine Services Ltd is a private company, limited by shares, incorporated and domiciled in England and Wales. The registered office is The Town Hall Business Centre, High Street East, Wallsend, North Tyneside, NE28 7AT.
2.Accounting policies
The financial statements have been prepared in accordance with Section 1A of Financial Reporting
Standard 102 'The Financial Standard applicable in the United Kingdom and the Republic of ireland'
(FRS 102) and the Companies Act 2006.
The company is reliant on external funding along with the support of the directors. After careful
consideration the directors consider that the company will be able to meet its obligations for the next
twelve months and as such considers that the preparation of these accounts on the going concern
basis to be appropriate.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
∙the amount of revenue can be measured reliably;
∙it is probable that the company will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
3
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Notes to the financial statements
Period Ended 31 December 2024
2.Accounting policies (continued)
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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The average monthly number of employees, including directors, during the period was 14 (2023 : 10).
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4
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Notes to the financial statements
Period Ended 31 December 2024
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Prepayments and accrued income
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5
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Notes to the financial statements
Period Ended 31 December 2024
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Creditors: amounts falling due within one year
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Amounts owed to related parties
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Other taxation and social security
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Accruals and deferred income
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Creditors: amounts falling due after more than one year
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Related party transactions
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The parent company is Adavo Ltd, a company registered and domiciled in England and Wales. The address of the registered office is The Town Hall, High Street East, Wallsend, North Tyneside NE28 7AT.
During the year, the company used a loan account to record amounts due to and from Adavo Ltd, a related party due to having the same directors and shareholders. At the year end, the balance owed by the company to Adavo Ltd was £148,836 (31 December 2023 : £132,904).
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6
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