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CLAREMONT GROUP INTERIORS (EOT) LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
Claremont Group Interiors (EOT) limited is a private company limited by guarantee incorporated in England and Wales. The registered office is The Breeze, 2 Kelvin Close, Birchwood, Warrington, England, WA3 7PB.
2.Accounting policies
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Basis of preparation of financial statements
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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 of 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
During the previous year, the company held shares in Claremont Group Interiors Limited. A deferred payment related to the purchase of these shares was outstanding but was fully settled in March 2024. The company held both the shares and the associated liabilities in its role as the sole trustee of the Claremont Group Interiors Limited Employee Ownership Trust. Because these assets and liabilities belonged to the Trust's beneficiaries, they were not recorded in the company's accounts.
In October 2024, Claremont Group Interiors (EOT) Ltd stopped acting as the corporate trustee of the Employee Ownership Trust. It was replaced by four individual, non-corporate trustees: Michael Gardner, Timothy Frankland, Kenneth Bundy and Gareth Bunting. In March 2025, Ellie Freeman (elected employee representative of the EOT) was appointed as a 5th non-corporate trustee. These 5 non-corporate trustees jointly hold 456,168 shares in Claremont Group Interiors Ltd. These shares are held for the benefit of the beneficiaries of the trust.
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Cash and cash equivalents
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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.
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.
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