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2026-03-31 07035818 core:IntangibleAssetsOtherThanGoodwill 2025-04-01 2026-03-31 07035818 dpl:GroupUndertakings 2025-04-01 2026-03-31 07035818 dpl:ParticipatingInterests 2025-04-01 2026-03-31 07035818 dpl:GroupUndertakings core:ListedExchangeTraded 2025-04-01 2026-03-31 07035818 core:ListedExchangeTraded 2025-04-01 2026-03-31 07035818 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2025-04-01 2026-03-31 07035818 core:UnlistedNon-exchangeTraded 2025-04-01 2026-03-31 07035818 dpl:CostSales 2024-04-01 2025-03-31 07035818 dpl:DistributionCosts 2024-04-01 2025-03-31 07035818 core:LandBuildings 2024-04-01 2025-03-31 07035818 core:PlantMachinery 2024-04-01 2025-03-31 07035818 core:Vehicles 2024-04-01 2025-03-31 07035818 core:FurnitureFittings 2024-04-01 2025-03-31 07035818 core:OfficeEquipment 2024-04-01 2025-03-31 07035818 dpl:AdministrativeExpenses 2024-04-01 2025-03-31 07035818 core:NetGoodwill 2024-04-01 2025-03-31 07035818 core:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 07035818 dpl:GroupUndertakings 2024-04-01 2025-03-31 07035818 dpl:ParticipatingInterests 2024-04-01 2025-03-31 07035818 dpl:GroupUndertakings core:ListedExchangeTraded 2024-04-01 2025-03-31 07035818 core:ListedExchangeTraded 2024-04-01 2025-03-31 07035818 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2024-04-01 2025-03-31 07035818 core:UnlistedNon-exchangeTraded 2024-04-01 2025-03-31 07035818 core:NetGoodwill 2026-03-31 07035818 core:IntangibleAssetsOtherThanGoodwill 2026-03-31 07035818 core:LandBuildings 2026-03-31 07035818 core:PlantMachinery 2026-03-31 07035818 core:Vehicles 2026-03-31 07035818 core:FurnitureFittings 2026-03-31 07035818 core:OfficeEquipment 2026-03-31 07035818 core:AfterOneYear 2026-03-31 07035818 core:WithinOneYear 2026-03-31 07035818 core:ListedExchangeTraded 2026-03-31 07035818 core:UnlistedNon-exchangeTraded 2026-03-31 07035818 core:ShareCapital 2026-03-31 07035818 core:SharePremium 2026-03-31 07035818 core:RevaluationReserve 2026-03-31 07035818 core:OtherReservesSubtotal 2026-03-31 07035818 core:RetainedEarningsAccumulatedLosses 2026-03-31 07035818 core:NetGoodwill 2025-03-31 07035818 core:IntangibleAssetsOtherThanGoodwill 2025-03-31 07035818 core:LandBuildings 2025-03-31 07035818 core:PlantMachinery 2025-03-31 07035818 core:Vehicles 2025-03-31 07035818 core:FurnitureFittings 2025-03-31 07035818 core:OfficeEquipment 2025-03-31 07035818 core:AfterOneYear 2025-03-31 07035818 core:WithinOneYear 2025-03-31 07035818 core:ListedExchangeTraded 2025-03-31 07035818 core:UnlistedNon-exchangeTraded 2025-03-31 07035818 core:ShareCapital 2025-03-31 07035818 core:SharePremium 2025-03-31 07035818 core:RevaluationReserve 2025-03-31 07035818 core:OtherReservesSubtotal 2025-03-31 07035818 core:RetainedEarningsAccumulatedLosses 2025-03-31 07035818 core:NetGoodwill 2024-03-31 07035818 core:IntangibleAssetsOtherThanGoodwill 2024-03-31 07035818 core:LandBuildings 2024-03-31 07035818 core:PlantMachinery 2024-03-31 07035818 core:Vehicles 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CLOCKWORK CONSTRUCTION LIMITED

Registered Number
07035818
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2026

CLOCKWORK CONSTRUCTION LIMITED
Company Information
for the year from 1 April 2025 to 31 March 2026

Director | HAIG, Douglas James

Company Secretary | HAIG, Douglas James

Registered Address | 1 St Martin's Row
| Albany Road
| Cardiff
| CF24 3RP

Registered Number | 07035818 (England and Wales)

CLOCKWORK CONSTRUCTION LIMITED
Balance Sheet as at
31 March 2026

| Notes | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 1,061 |  |  |  | 1,061
Investments | 4 |  |  | 96,752 |  |  |  | 96,886
|  |  |  | 97,813 |  |  |  | 97,947
Current assets |  |  |  |  |  |  |  |
Stocks | 5 | 70,818 |  |  |  | 61,877 |  |
Debtors |  | 70,618 |  |  |  | 27,233 |  |
Cash at bank and on hand |  | 13,756 |  |  |  | 10,248 |  |
|  | 155,192 |  |  |  | 99,358 |  |
Creditors amounts falling due within one year | 6 | (52,835) |  |  |  | (54,373) |  |
Net current assets (liabilities) |  |  |  | 102,357 |  |  |  | 44,985
Total assets less current liabilities |  |  |  | 200,170 |  |  |  | 142,932
Creditors amounts falling due after one year | 7 |  |  | (950,277) |  |  |  | (912,873)
Net assets |  |  |  | (750,107) |  |  |  | (769,941)
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 1,000 |  |  |  | 1,000
Profit and loss account |  |  |  | (751,107) |  |  |  | (770,941)
Shareholders' funds |  |  |  | (750,107) |  |  |  | (769,941)

- The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 9 June 2026, and are signed on its behalf by:
HAIG, Douglas James Director Registered Company No. 07035818

CLOCKWORK CONSTRUCTION LIMITED
Notes to the Financial Statements
for the year ended 31 March 2026

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

| Basis of preparation
--- | ---
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Going concern
--- | ---
| The company has net liabilities at the balance sheet date. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements. This support will be reviewed in twelve months from the balance sheet date.

| Turnover policy
--- | ---
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

| Revenue from sale of goods
--- | ---
| Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

| Interest income
--- | ---
| Interest income is recognised using the effective interest rate method.

| Operating leases
--- | ---
| Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

| Employee benefits
--- | ---
| Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

| Defined contribution pension plan
--- | ---
| The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

| Foreign currency translation
--- | ---
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

| Tangible fixed assets and depreciation
--- | ---
| All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

|  | Reducing balance (%)
| Office Equipment | 25

| Investments
--- | ---
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

| Stocks and work in progress
--- | ---
| Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

| Trade and other debtors
--- | ---
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

| Cash and cash equivalents
--- | ---
| Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

| Trade and other creditors
--- | ---
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

| 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 transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

| Related parties
--- | ---
| For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2. | Average number of employees
--- | ---

|  | 2026 |  | 2025
| Average number of employees during the year | 4 |  | 4

3. | Tangible fixed assets
--- | ---

|  | Office Equipment |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 April 25 | 3,433 |  | 3,433
| At 31 March 26 | 3,433 |  | 3,433
| Depreciation and impairment
| At 01 April 25 | 2,372 |  | 2,372
| At 31 March 26 | 2,372 |  | 2,372
| Net book value
| At 31 March 26 | 1,061 |  | 1,061
| At 31 March 25 | 1,061 |  | 1,061

4. | Fixed asset investments
--- | ---

|  | Loans to groups1 |  | Total
--- | --- | --- | --- | ---
|  | £ |  | £
| Cost or valuation
| At 01 April 25 | 96,886 |  | 96,886
| Disposals | (134) |  | (134)
| At 31 March 26 | 96,752 |  | 96,752
| Net book value
| At 31 March 26 | 96,752 |  | 96,752
| At 31 March 25 | 96,886 |  | 96,886

| Notes
--- | ---
| 1Loans to group undertakings and participating interests

5. | Stocks
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Work in progress | 70,818 |  | 61,877
| Total | 70,818 |  | 61,877

6. | Creditors: amounts due within one year
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 11,692 |  | 22,981
| Taxation and social security | 23,987 |  | 11,965
| Other creditors | 17,156 |  | 19,427
| Total | 52,835 |  | 54,373

7. | Creditors: amounts due after one year
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Amounts owed to related parties | 148,869 |  | 111,465
| Other creditors | 801,408 |  | 801,408
| Total | 950,277 |  | 912,873

8. | Related party transactions
--- | ---
| The company had the following outstanding balances with related parties at the year end: An interest-free loan advanced to director DJ Haig of £801,408 (2025: £801,408), included within non-current liabilities under other creditors. Amounts owed to other group companies under the control of DJ Haig totaling £148,869 (2025: £111,465). An amount owed by another group company under the control of DJ Haig of £96,752 (2025: £96,886).

9. | Controlling party
--- | ---
| The company's immediate parent undertaking is Seraph Holdings Limited, a company incorporated in England and Wales. No group financial statements are prepared which include the company. In the opinion of the directors, the ultimate controlling party is DJ Haig, by virtue of his majority shareholding in the parent company.