Cloverleaf Development Company Limited Filleted accounts for Companies House (small and micro)

Cloverleaf Development Company Limited

Unaudited financial statements

31 March 2025

Company Registration Number 04409518

Cloverleaf Development Company Limited

Financial statements

year ended 31 March 2025

Contents	Pages

Balance sheet	1 to 2

Notes to the financial statements	3 to 5

Cloverleaf Development Company Limited

Balance sheet

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	5,736	7,196

Current assets

Debtors	6	29,094	3,845
Cash at bank and in hand		24,567	83,686
		--------	--------
		53,661	87,531

Creditors: amounts falling due within one year	7	167,868	200,759
		---------	---------
Net current liabilities		114,207	113,228
		---------	---------
Total assets less current liabilities		( 108,471)	( 106,032)

Creditors: amounts falling due after more than one year	8	17,361	21,153
		---------	---------
Net liabilities		( 125,832)	( 127,185)
		---------	---------

Capital and reserves

Called up share capital	150	150
Profit and loss account	( 125,982)	( 127,335)
	---------	---------
Shareholders deficit	( 125,832)	( 127,185)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Cloverleaf Development Company Limited

Balance sheet (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 26 November 2025 , and are signed on behalf of the board by:

J E Foreman

Director

Company registration number: 04409518

Cloverleaf Development Company Limited

Notes to the financial statements

year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is The Woodyard, High Street, Wellingore, Lincoln, LN5 0HW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	15% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

Plant and machinery	Motor vehicles	Equipment	Total
£	£	£	£

Cost
At 1 April 2024	6,570	16,665	1,237	24,472
Additions	173	–	–	173
	-------	--------	-------	--------
At 31 March 2025	6,743	16,665	1,237	24,645
	-------	--------	-------	--------
Depreciation
At 1 April 2024	5,407	11,392	477	17,276
Charge for the year	201	1,318	114	1,633
	-------	--------	-------	--------
At 31 March 2025	5,608	12,710	591	18,909
	-------	--------	-------	--------
Carrying amount
At 31 March 2025	1,135	3,955	646	5,736
	-------	--------	-------	--------
At 31 March 2024	1,163	5,273	760	7,196
	-------	--------	-------	--------

6. Debtors

	2025	2024
	£	£

Trade debtors	–	2,800
Other debtors	29,094	1,045
	--------	-------
	29,094	3,845
	--------	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£

Bank loans and overdrafts	3,700	3,615
Trade creditors	6,446	382
Social security and other taxes	200	9,267
Other creditors	157,522	187,495
	---------	---------
	167,868	200,759
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£

Bank loans and overdrafts	17,361	21,153
	--------	--------

9. Related party transactions

The company was under the control of Mr J E & Mrs P Foreman throughout the current and previous year as they jointly own 67% of the issued share capital.