Registration number: 15357742

Cleafy Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 6

Cleafy Limited

Company Information

Director

Matteo Bogana

Company secretary

Lea Secretaries Limited

Registered office

5th Floor North Side 7/10 Chandos Street Cavendish Square London W1G 9DQ

Auditors

DTL Auditors Limited 5th Floor North Side 7-10 Chandos Street London England W1G 9DQ

Cleafy Limited

(Registration number: 15357742)
Balance Sheet as at 31 December 2024

	Note	2024 £
Current assets
Debtors	4	224,580
Cash at bank and in hand		52,093
		276,673
Creditors: Amounts falling due within one year	5	(949,729)
Net liabilities		(673,056)
Capital and reserves
Called up share capital	6	100
Retained earnings		(673,156)
Shareholders' deficit		(673,056)

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 September 2025
 

......................................... Matteo Bogana Director

Cleafy Limited

Notes to the Financial Statements for the Period from 18 December 2023 to 31 December 2024

1	General information

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

The company was formerly known as Cleafy UK Ltd.

The address of its registered office is:
5th Floor North Side
7/10 Chandos Street
Cavendish Square
London
W1G 9DQ
England

These financial statements were authorised for issue by the director on 16 September 2025.

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.

Going concern

During the financial period to 31 December 2024, the company made a loss of £673,156. As at 31 December 2024, the company had net liabilities of £673,056. The Directors and the parent company are confident that the company has a financially sound future and has the full ongoing financial support of its parent company. The company has implemented plans to improve the turnover and profits of the company. These financial statements have therefore been prepared on a going concern basis.

Cleafy Limited

Notes to the Financial Statements for the Period from 18 December 2023 to 31 December 2024

Audit report

The Independent Auditor's Report was unqualified. We draw your attention to note 2 (going concern) which states the Directors plans to ensure that the company is a going concern for the foreseeable future.

Our opinion is not modified in respect of this matter. .

The name of the Senior Statutory Auditor who signed the audit report on 18 September 2025 was John Tiltman FCCA, who signed for and on behalf of DTL Auditors Limited.

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

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Cleafy Limited

Notes to the Financial Statements for the Period from 18 December 2023 to 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 4 .

4

Debtors

Current	Note	2024 £
Amounts owed by related parties		223,638
Prepayments		454
Other debtors		488
		224,580

Cleafy Limited

Notes to the Financial Statements for the Period from 18 December 2023 to 31 December 2024

5

Creditors

Creditors: amounts falling due within one year

	Note	2024 £
Due within one year
Trade creditors		6,905
Amounts owed to group undertakings and undertakings in which the company has a participating interest		882,278
Taxation and social security		31,533
Accruals and deferred income		19,354
Other creditors		9,659
		949,729

6	Share capital

Allotted, called up and fully paid shares

	2024
	No.	£
Ordinary of £1 each	100	100

The company issued 100 new ordinary shares during the period.