Clivedale Services Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

1. General Information

Clivedale Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11543510 . The registered office is 73 Brook Street, London, W1K 4HX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

2.2. Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

2.3. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.4. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

...CONTINUED

Page 2

Page 3

Clivedale Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.4. Financial Instruments - continued

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.5. Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2.6. Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2.7. Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3. Average Number of Employees

Average number of employees during the year was as follows:

	2025	2024
Total	10	11

	10	11

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	16,460	-
Amounts owed by group undertakings	552,702	1,263,235
Other debtors	502,382	302,718

	1,071,544	1,565,953

Page 3

Page 4

Clivedale Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	104,729	143,849
Amounts owed to group undertakings	596,409	923,856
Other creditors	223,716	155,086
Taxation and social security	11,717	58,638

	936,571	1,281,429

6. FRC's Ethical Standard - Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

7. Service charge income and expenditure

The company incurred and recharged service charge costs of 2025: £2,615,490 ( 2024: £2,641,061 ) in the financial year.

8. Audit Information

The auditor's report on the accounts of Clivedale Services Limited for the year ended 31 December 2025 was unqualified.

The auditor's report was signed by Sunil Phakkey (Senior Statutory Auditor) for and on behalf of Pritchard Fellows & Co , Statutory Auditor.

Pritchard Fellows & Co

Chartered Certified Accountants & Reg. Auditors

Avery House

8 Avery Hill Road

London

SE9 2BD

Page 4

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	1,071,544		1,565,953
Cash at bank and in hand		914,708		522,115

		1,986,252		2,088,068
Creditors: Amounts Falling Due Within One Year	5	(936,571 )		(1,281,429 )

NET CURRENT ASSETS (LIABILITIES)			1,049,681		806,639

TOTAL ASSETS LESS CURRENT LIABILITIES			1,049,681		806,639

NET ASSETS			1,049,681		806,639

CAPITAL AND RESERVES
Called up share capital			1,000		1,000
Profit and Loss Account			1,048,681		805,639

SHAREHOLDERS' FUNDS			1,049,681		806,639