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Registered number: 06264797 CLEAR SKY CATERING CONSUMABLES LIMITED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
CLEAR SKY CATERING CONSUMABLES LIMITED REGISTERED NUMBER: 06264797 BALANCE SHEET AS AT 31 MAY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 516,175 |  | 600,139
Investments | 5 |  | 1,537,225 |  | 1,674,211
|  |  | 2,053,400 |  | 2,274,350
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 7 | 70,944 |  | 71,233 |
Cash at bank and in hand | 8 | 1 |  | 74 |
|  | 70,945 |  | 71,307 |
Creditors: amounts falling due within one year | 9 | (336,008) |  | (3,036,006) |
Net current liabilities |  |  | (265,063) |  | (2,964,699)
Total assets less current liabilities |  |  | 1,788,337 |  | (690,349)
Provisions for liabilities |  |  |  |  |
Deferred tax | 11 | (76,294) |  | (85,705) |
|  |  | (76,294) |  | (85,705)
Net assets/(liabilities) |  |  | 1,712,043 |  | (776,054)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Profit and loss account |  |  | 1,712,042 |  | (776,055)
|  |  | 1,712,043 |  | (776,054)
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CLEAR SKY CATERING CONSUMABLES LIMITED REGISTERED NUMBER: 06264797 BALANCE SHEET (CONTINUED) AS AT 31 MAY 2025 The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................ P Wightman
Director
Date: 30 January 2026
The notes on pages 3 to 9 form part of these financial statements. Page 2
CLEAR SKY CATERING CONSUMABLES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
1. | General information
Clear Sky Catering Consumables Limited is a private company limited by share capital, incorporated in England and Wales, registration number 06264797. The registered office is: Unit 1 - 4 Oxford Industrial Park, Mead Road, Yarnton, Oxfordshire, OX5 1QU. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Operating leases: the company as lessor
Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term. Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 3
CLEAR SKY CATERING CONSUMABLES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 2.Accounting policies (continued)
| 2.5 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.6 | Exceptional items
Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.
| 2.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Plant & machinery | - | 6.67% | straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Page 4
CLEAR SKY CATERING CONSUMABLES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 2.Accounting policies (continued)
| 2.8 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.9 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.10 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.11 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.12 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss. Page 5
CLEAR SKY CATERING CONSUMABLES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
4. | Tangible fixed assets
|  | Plant & machinery
|  | £
| Cost |
| At 1 June 2024 | 1,258,831
| At 31 May 2025 | 1,258,831
| Depreciation |
| At 1 June 2024 | 658,692
| Charge for the year on financed assets | 83,964
| At 31 May 2025 | 742,656
| Net book value |
| At 31 May 2025 | 516,175
| At 31 May 2024 | 600,139
Page 6
CLEAR SKY CATERING CONSUMABLES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
5. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost |
| At 1 June 2024 | 6,025,886
| At 31 May 2025 | 6,025,886
| Impairment |
| At 1 June 2024 | 4,351,675
| Charge for the period | 136,986
| At 31 May 2025 | 4,488,661
| Net book value |
| At 31 May 2025 | 1,537,225
| At 31 May 2024 | 1,674,211
6. | Auditors' information
The auditors' report on the financial statements for the year ended 31 May 2025 was unqualified. The audit report was signed on 30 January 2026 by Mr Matthew Wyatt (Senior Statutory Auditor) on behalf of Wellers.
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | - | 288
| Prepayments and accrued income | 70,944 | 70,945
|  | 70,944 | 71,233
Page 7
CLEAR SKY CATERING CONSUMABLES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
8. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 1 | 74
|  | 1 | 74
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed to group undertakings | 328,208 | 3,028,436
| Accruals and deferred income | 7,800 | 7,570
|  | 336,008 | 3,036,006
10. | Debenture
HSBC UK Bank PLC, hold a debenture over the company, including a fixed charge over all book and other debts, both present and future; together with a floating charge over all assets and undertakings, both present and future. The above security also includes an unlimited Multilateral Guarantee dated 12 May 2022, and given by OGM (SW) Limited, Terinex Flexibles Ltd (formerly QC Packaging Films Limited), Clear Sky Catering Consumables Limited, Owen Greenings & Mumford (Holdings) Limited, and Owen Greenings & Mumford Limited, of which group set-off is held.
11. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (85,705)
| Charged to profit or loss | 9,411
| At end of year | (76,294)
Page 8
CLEAR SKY CATERING CONSUMABLES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 11.Deferred taxation (continued)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (76,294) | (85,705)
|  | (76,294) | (85,705)
12. | Related party transactions
| The company has taken advantage of the exemption under FRS102 section 33 paragraph 1a and therefore has not reported the related party transactions or balances of companies within the group.
13. | Ultimate parent undertaking
The ultimate parent undertaking is Owen Greenings & Mumford (Holdings) Limited, with registered office Unit 1 Mead Road, Oxford Pioneer Park, Yarnton, Oxford, OX5 1QU, and company number 06259950. Following a group reconstruction completed on 28 February 2025, the ultimate parent undertaking of the group became ClearSky Group Holding Limited, a company incorporated in the UK with registered office at Unit 1 Mead Road, Oxford Industrial Park, Yarnton, Oxford, OX5 1QU, and company number 16188807.
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