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COMPANY REGISTRATION NUMBER: NI628690

Clarman Partnership Limited

Filleted Unaudited Financial Statements

31 March 2025

Clarman Partnership Limited

Financial Statements

Period from 1 February 2024 to 31 March 2025

Contents | Page

Officers and professional advisers | 1

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements | 2

Statement of financial position | 3

Notes to the financial statements | 5

Clarman Partnership Limited

Officers and Professional Advisers

Director | Mr James Maneely

Registered office | Aisling House
| 50 Stranmillis Embankment
| Belfast
| Northern Ireland
| BT9 5FL

Accountants | Maneely Mc Cann Chartered Accountants
| Chartered Accountants
| Aisling House
| 50 Stranmillis Embankment
| Belfast
| BT9 5FL

Bankers | Bank of Ireland
| Unit 33
| Dungannon Road
| Coalisand
| Tyrone
| BT71 4HP

Clarman Partnership Limited

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Clarman Partnership Limited

Period from 1 February 2024 to 31 March 2025
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the period ended 31 March 2025, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Maneely Mc Cann Chartered Accountants Chartered Accountants
Aisling House 50 Stranmillis Embankment Belfast BT9 5FL
4 February 2026

Clarman Partnership Limited

Statement of Financial Position

31 March 2025

| 31 Mar 25 | 31 Jan 24
Note | £ | £

Fixed assets

Tangible assets | 5 | 202,189 | 208,829

Current assets

Stocks | 135,257 | 90,109
Debtors | 6 | 493,554 | 277,454
Cash at bank and in hand | 705,493 | 669,786
| ------------ | ------------
| 1,334,304 | 1,037,349

Creditors: amounts falling due within one year | 7 | 475,719 | 349,422
| ------------ | ------------
Net current assets | 858,585 | 687,927
| ------------ | ---------
Total assets less current liabilities | 1,060,774 | 896,756

Creditors: amounts falling due after more than one year | 8 | 28,478 | 55,058
| ------------ | ---------
Net assets | 1,032,296 | 841,698
| ------------ | ---------

Capital and reserves

Called up share capital | 100 | 100
Profit and loss account | 1,032,196 | 841,598
| ------------ | ---------
Shareholders funds | 1,032,296 | 841,698
| ------------ | ---------

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 statement of income and retained earnings has not been delivered.
For the 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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Clarman Partnership Limited

Statement of Financial Position (continued)

31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 4 February 2026 , and are signed on behalf of the board by:

Mr James Maneely |
Director |

Company registration number: NI628690

Clarman Partnership Limited

Notes to the Financial Statements

Period from 1 February 2024 to 31 March 2025
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Aisling House, 50 Stranmillis Embankment, Belfast, BT9 5FL, Northern Ireland.
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 represents the total invoice value, excluding value added tax, of sales made during the period and derives from the provision of goods falling within the company's ordinary activites.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
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 | - | 10% reducing balance
| Fixtures and fittings | - | 10% reducing balance
| Motor vehicles | - | 10% reducing balance
| Equipment | - | 10% 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 11 (2024: 11 ).
5. Tangible assets

| Plant and machinery | Fixtures and fittings | Motor vehicles | Equipment | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 February 2024 | 32,250 | 17,145 | 120,812 | 75,824 | 246,031
Additions | – | – | 17,938 | – | 17,938
| -------- | -------- | --------- | -------- | ---------
At 31 March 2025 | 32,250 | 17,145 | 138,750 | 75,824 | 263,969
| -------- | -------- | --------- | -------- | ---------
Depreciation |  |  |  |  |
At 1 February 2024 | 3,225 | 3,258 | 12,081 | 18,638 | 37,202
Charge for the period | 3,386 | 1,620 | 14,479 | 5,093 | 24,578
| -------- | -------- | --------- | -------- | ---------
At 31 March 2025 | 6,611 | 4,878 | 26,560 | 23,731 | 61,780
| -------- | -------- | --------- | -------- | ---------
Carrying amount |  |  |  |  |
At 31 March 2025 | 25,639 | 12,267 | 112,190 | 52,093 | 202,189
| -------- | -------- | --------- | -------- | ---------
At 31 January 2024 | 29,025 | 13,887 | 108,731 | 57,186 | 208,829
| -------- | -------- | --------- | -------- | ---------

6. Debtors

| 31 Mar 25 | 31 Jan 24
| £ | £
Trade debtors | 196,723 | 134,569
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 292,476 | 132,942
Other debtors | 4,355 | 9,943
| --------- | ---------
| 493,554 | 277,454
| --------- | ---------

7. Creditors: amounts falling due within one year

| 31 Mar 25 | 31 Jan 24
| £ | £
Trade creditors | 26,755 | 12,490
Corporation tax | 84,485 | 149,141
Social security and other taxes | 62,536 | 62,510
Other creditors | 301,943 | 125,281
| --------- | ---------
| 475,719 | 349,422
| --------- | ---------

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

| 31 Mar 25 | 31 Jan 24
| £ | £
Amounts owed to group undertakings and undertakings in which the company has a participating interest | – | 15,636
Other creditors | 28,478 | 39,422
| -------- | --------
| 28,478 | 55,058
| -------- | --------

9. Director's advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:

| 31 Mar 25
|  | Balance brought forward | Advances/ (credits) to the director | Amounts repaid | Balance outstanding
|  | £ | £ | £ | £
| Mr James Maneely | ( 310) | ( 74,500) | 74,427 | ( 383)
|  | ---- | -------- | -------- | ----

| 31 Jan 24
|  | Balance brought forward | Advances/ (credits) to the director | Amounts repaid | Balance outstanding
|  | £ | £ | £ | £
| Mr James Maneely | ( 213) | ( 54,000) | 53,903 | ( 310)
|  | ---- | -------- | -------- | ----

10. Related party transactions
At the year end Clarman Partnership Limited was due a balance of £156,114 from Clarman & Co (2024: owed £15,636). At the year end Clarman Partnership Limited was due a balance of £136,362 from Clarman Limited (2024: £132,942).
11. Controlling party
Mr James Maneely is the 100% shareholder of Clarman Partnership Limited and as such is considered to be the company's ultimate controlling party.