Company No: 07236610 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	31.03.2025		31.05.2024
		£		£
Fixed assets
Investments	4	1		1
		1		1
Current assets
Debtors	5	263,492		40,085
Cash at bank and in hand		84		275
		263,576		40,360
Creditors: amounts falling due within one year	6	( 2,761)		( 3,000)
Net current assets		260,815		37,360
Total assets less current liabilities		260,816		37,361
Net assets		260,816		37,361
Capital and reserves
Called-up share capital	7	1,449		1,377
Share premium account		232,303		5,792
Profit and loss account		27,064		30,192
Total shareholders' funds		260,816		37,361

For the financial period 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 financial period in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Clay Lane Limited (registered number: 07236610) were approved and authorised for issue by the Board of Directors on 15 December 2025. They were signed on its behalf by:

F W B Vowles Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Clay Lane Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is High Cross House, Dartington Hall, Totnes, TQ9 6ED, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Reporting period length

Duirng the period the company changed its reporting period to allign it with its subsidiary. These financial statements cover from 1 June 2024 to 31 March 2025. The previous financial statements cover from 1 June 2023 to 31 May 2024. Therefore, the comparatives are not entirely comparable.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings

5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	Period from 01.06.2024 to 31.03.2025		Year ended 31.05.2024
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	5		5

3. Tangible assets

	Land and buildings		Total
	£		£
Cost
At 01 June 2024	21,163		21,163
Disposals	( 21,163)		( 21,163)
At 31 March 2025	0		0
Accumulated depreciation
At 01 June 2024	21,163		21,163
Disposals	( 21,163)		( 21,163)
At 31 March 2025	0		0
Net book value
At 31 March 2025	0		0
At 31 May 2024	0		0

4. Fixed asset investments

Investments in subsidiaries

	31.03.2025
	£
Cost
At 01 June 2024	1
At 31 March 2025	1
Carrying value at 31 March 2025	1
Carrying value at 31 May 2024	1

5. Debtors

	31.03.2025		31.05.2024
	£		£
Amounts owed by Group undertakings	249,742		24,751
Amounts owed by directors	0		1,584
Other debtors	13,750		13,750
	263,492		40,085

6. Creditors: amounts falling due within one year

	31.03.2025		31.05.2024
	£		£
Accruals	2,761		3,000

7. Called-up share capital

	31.03.2025		31.05.2024
	£		£
Allotted, called-up and fully-paid
138,827 Ordinary shares of £ 0.01 each (31.05.2024: 131,579 shares of £ 0.01 each)	1,388.27		1,315.79
6,135 B Ordinary shares of £ 0.01 each	61.35		61.35
	1,449.62		1,377.14

On 4 June 2024, the Company issued 7,248 Ordinary shares of £0.01, at a premium of £31.042 per share, for a total consideration of £225,000.

8. Related party transactions

Transactions with the entity's directors

	31.03.2025		31.05.2024
	£		£
Amounts owed by directors	0		1,584

At the year-end the directors owed the company £Nil (2024: £1,584) The loans are interest free and repayable on demand.

Dividends were declared during the period totalling £59,122 (2024: £73,172).