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Company Registration No. 11920428 (England and Wales)
Claremac Limited Unaudited accounts for the year ended 31 March 2025
Claremac Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Claremac Limited Company Information for the year ended 31 March 2025
Director
Daniel Mackenzie
Company Number
11920428 (England and Wales)
Registered Office
37 Olivier Close Burnham-on-Sea Somerset TA8 1RA England
Accountants
Wheatley Tax 8 Calluna Close Wick-st-Lawrence Weston-super-Mare Somerset BS22 9TS
- 3 -
Claremac Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
188,407
190,233
Current assets
Debtors
6
1,088
1,783
Cash at bank and in hand
1,891
1,193
2,979
2,976
Creditors: amounts falling due within one year
7
(22,590)
(15,276)
Net current liabilities
(19,611)
(12,300)
Total assets less current liabilities
168,796
177,933
Creditors: amounts falling due after more than one year
8
(175,347)
(186,764)
Provisions for liabilities
Deferred tax
(2,547)
(3,200)
Net liabilities
(9,098)
(12,031)
Capital and reserves
Called up share capital
200
200
Revaluation reserve
1,301
1,301
Profit and loss account
(10,599)
(13,532)
Shareholders' funds
(9,098)
(12,031)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 November 2025 and were signed on its behalf by
Daniel Mackenzie Director Company Registration No. 11920428
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Claremac Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Claremac Limited is a private company, limited by shares, registered in England and Wales, registration number 11920428. The registered office is 37 Olivier Close, , Burnham-on-Sea, Somerset, TA8 1RA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Going concern
As at 31 March 2025 the company had net current liabilities of £19,611 (2024 £12,300) and net liabilities of £9,098 (2024 £12,031). This includes a loan from the director who has expressed his continued support of the company and therefore considers the going concern basis of accounting to be appropriate.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Computer equipment
33% Straight Line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Claremac Limited Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
175,000
18,640
-
193,640
Additions
-
-
688
688
At 31 March 2025
175,000
18,640
688
194,328
Depreciation
At 1 April 2024
-
3,407
-
3,407
Charge for the year
-
2,285
229
2,514
At 31 March 2025
-
5,692
229
5,921
Net book value
At 31 March 2025
175,000
12,948
459
188,407
At 31 March 2024
175,000
15,233
-
190,233
The directors have assessed the market value of the Investment Property at the year end to be £175,000.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
1,088
1,783
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
5,999
6,384
Obligations under finance leases and hire purchase contracts
376
-
Other creditors
6,000
6,000
Loans from directors
9,215
1,992
Accruals
1,000
900
22,590
15,276
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
169,916
175,333
Other creditors
5,431
11,431
175,347
186,764
Aggregate of amounts that fall due for payment after five years
149,187
112,832
9
Transactions with related parties
At the balance sheet date, the company owed its director Mr DJ Mackenzie £9,215 (2024 £1,992).
- 6 -
Claremac Limited Notes to the Accounts for the year ended 31 March 2025
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 7 -