Clarnor Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02061089 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 MARCH 2025

FOR

CLARNOR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M J Norgate

REGISTERED OFFICE:

One Eastwood

Harry Weston Road

Binley Business Park

Coventry

CV3 2UB

REGISTERED NUMBER:

02061089 (England and Wales)

ACCOUNTANTS:

Dafferns LLP

One Eastwood

Harry Weston Road

Binley Business Park

Coventry

CV3 2UB

FIXED ASSETS

Tangible assets

5

6,857

9,361

CURRENT ASSETS

Stocks

6

71,735

Debtors

7

3,686,667

2,646,970

Cash at bank

760

3,035

3,759,162

2,721,740

CREDITORS

Amounts falling due within one year

8

3,535,075

2,537,383

NET CURRENT ASSETS

224,087

184,357

TOTAL ASSETS LESS CURRENT
LIABILITIES

230,944

193,718

PROVISIONS FOR LIABILITIES

1,700

2,300

NET ASSETS

229,244

191,418

CAPITAL AND RESERVES

Called up share capital

9

4,462

Capital redemption reserve

10

538

Retained earnings

10

224,244

186,418

SHAREHOLDERS' FUNDS

229,244

191,418

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 March 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 24 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 December 2025 and were signed by:

M J Norgate - Director

1.	STATUTORY INFORMATION

Clarnor Limited is a private company, limited by shares, registered in England and Wales. The Company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£) and the financial statements have been rounded to the nearest £1.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the value of rents and services invoiced to customers during the year, excluding value added tax.

Tangible fixed assets

Tangible fixed assets are recognised at cost and subsequently measured under the historical cost model being cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes any direct expenditure incurred to bring the asset to its current location and condition necessary for the asset to work as intended by management.

Repairs and maintenance costs are charged to the Income Statement in the period in which they are incurred.

Depreciation is provided at the following annual rates in order to write off the cost of each asset over its estimated useful life.

Motor vehicles

- 10% straight line

Fixtures & fittings

- 10% straight line

Any gains and losses on the disposal of tangible fixed assets are recognised in the Income Statement in the year that the disposal takes place.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments in debtors and creditors with no stated interest rate, and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement in other administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The Company operates a defined contribution pension scheme. Contributions payable to the Company's pension scheme are charged to the Income Statement in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

COST

At 25 March 2024

and 24 March 2025

6,169

18,869

25,038

DEPRECIATION

At 25 March 2024

2,468

13,209

15,677

Charge for year

617

1,887

2,504

At 24 March 2025

3,085

15,096

18,181

NET BOOK VALUE

At 24 March 2025

3,084

3,773

6,857

At 24 March 2024

3,701

5,660

9,361

6.

STOCKS

2025

2024

£

Stock - property

71,735

7.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Amounts owed by associates

2,636,667

1,578,270

Prepayments

-

18,700

2,636,667

1,596,970

Amounts falling due after more than one year:

Amounts owed by associates

1,050,000

Aggregate amounts

3,686,667

2,646,970

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

-

54,213

Trade creditors

83

Amounts owed to associates

3,481,865

2,259,883

Tax

13,049

7,481

Other creditors

26,263

200,127

Accrued expenses

13,815

15,596

3,535,075

2,537,383

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

356,200

Ordinary - voting

£0.01

3,562

90,000

Ordinary - non voting

£0.01

900

4,462

10.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

At 25 March 2024

186,418

538

186,956

Profit for the year

37,826

At 24 March 2025

224,244

538

224,782

11.	RELATED PARTY DISCLOSURES

The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the year end, a balance due to the Company, from an associated company under common control, amounted to £2,636,667 (2024: £1,578,270). No interest has been charged on this balance.

At the year end, a loan due to the Company, from an associated company under common control, amounted to £1,050,000 (2024: £1,050,000). Interest has been received on this loan amounting to £42,000 (2024: £42,000).

At the year end, a balance was owed by the Company, to an associated company under common control, amounted to £3,402,288 (2024: £2,190,266). No interest has been charged on this balance.

At the year end, a balance was owed by the Company, to an associated company under common control, amounted to £79,617 (2024: £69,617). No interest has been charged on this balance.

Management charges were paid to the Company by an associated company under common control, totalling £115,900 (2024: £61,300).

Management charges were paid to the Company by an associated company under common control, totalling £8,000 (2024: £50,900).

Management charges were paid to the Company by an associated company under common control, totalling £nil (2024: £18,700).

All of these transactions were on an arm's length basis.

12.	ULTIMATE CONTROLLING PARTY

The Company's ultimate parent company is Clarnor Holdings Limited, whose company number is 12358214 and registered office is One Eastwood, Harry Weston Road, Binley Business Park, Coventry, CV3 2UB.