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Company Registration No. 12015404 (England and Wales)
Cheryl Clements Ltd Unaudited accounts for the year ended 31 May 2025
Cheryl Clements Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Cheryl Clements Ltd Company Information for the year ended 31 May 2025
Director
Cheryl Joy Adamson Clements
Company Number
12015404 (England and Wales)
Registered Office
56 Tredegar Square London E3 5AE England
Accountants
Embrace Accountants Ltd 37 St. Leonards Drive Nottingham NG8 2BB
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Cheryl Clements Ltd Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
454
844
Current assets
Cash at bank and in hand
1
78
Creditors: amounts falling due within one year
5
(35,268)
(33,397)
Net current liabilities
(35,267)
(33,319)
Total assets less current liabilities
(34,813)
(32,475)
Creditors: amounts falling due after more than one year
6
(1,058)
(3,013)
Net liabilities
(35,871)
(35,488)
Capital and reserves
Called up share capital
10
10
Profit and loss account
(35,881)
(35,498)
Shareholders' funds
(35,871)
(35,488)
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 February 2026 and were signed on its behalf by
Cheryl Joy Adamson Clements Director Company Registration No. 12015404
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Cheryl Clements Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Cheryl Clements Ltd is a private company, limited by shares, registered in England and Wales, registration number 12015404. The registered office is 56 Tredegar Square, London, E3 5AE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Taxation
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Going concern
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has 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, the director continues to adopt the going concern basis in preparing the financial statements.
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Cheryl Clements Ltd Notes to the Accounts for the year ended 31 May 2025
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
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.
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 June 2024
1,559
At 31 May 2025
1,559
Depreciation
At 1 June 2024
715
Charge for the year
390
At 31 May 2025
1,105
Net book value
At 31 May 2025
454
At 31 May 2024
844
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
3,191
3,191
Other creditors
498
498
Loans from directors
31,229
29,313
Accruals
350
395
35,268
33,397
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
1,058
3,013
7
Transactions with related parties
Included within creditors is a director's loan of £31,229 (2024: £29,313 to Cheryl Clements, a director of the Company. The loan is unsecured, interest free and repayable on demand.
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Cheryl Clements Ltd Notes to the Accounts for the year ended 31 May 2025
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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