CLF Limited - Period Ending 2020-04-30

CLF Limited

Contents

Company Information	1
Balance Sheet	2
Statement of Changes in Equity	3
Notes to the Unaudited Financial Statements	4 to 6

CLF Limited

Company Information

Directors

R J Lyon R G Cairns D J George

Company secretary

R J Lyon

Registered office

Orchard House Heath Road Warboys Huntingdon Cambridgeshire PE28 2UW

Solicitors

Thomson Webb & Corfield 16 Union Road Cambridge CB2 1HE

Bankers

Barclays Bank Plc Huntingdon Market Hill Huntingdon Cambridgeshire PE29 3AE

Accountants

Lambert Chapman LLP Chartered Accountants 3 Warners Mill Silks Way Braintree Essex CM7 3GB

CLF Limited

(Registration number: 04276700)
Balance Sheet as at 30 April 2020

	Note	2020 £	2019 £
Fixed assets
Investments	4	300,571	300,571
Creditors: Amounts falling due within one year	5	(80,945)	(89,945)
Net assets		219,626	210,626
Capital and reserves
Called up share capital		303	303
Capital redemption reserve		101	101
Profit and loss account		219,222	210,222
Total equity		219,626	210,626

For the financial year ending 30 April 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 23 September 2020 and signed on its behalf by:
 

R J Lyon
Company secretary and director

CLF Limited

Statement of Changes in Equity for the Year Ended 30 April 2020

	Share capital £	Capital redemption reserve £	Profit and loss account £	Total £
At 1 May 2019	303	101	210,222	210,626
Profit for the year	-	-	122,100	122,100
Total comprehensive income	-	-	122,100	122,100
Dividends	-	-	(113,100)	(113,100)
At 30 April 2020	303	101	219,222	219,626

 

	Share capital £	Capital redemption reserve £	Profit and loss account £	Total £
At 1 May 2018	303	101	200,222	200,626
Profit for the year	-	-	144,292	144,292
Total comprehensive income	-	-	144,292	144,292
Dividends	-	-	(134,292)	(134,292)
At 30 April 2019	303	101	210,222	210,626

 

CLF Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2020

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: Orchard House, Heath Road, Warboys, Huntingdon, Cambridgeshire, PE28 2UW.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 399 of the Companies Act 2006 and has not prepared group accounts..

Revenue recognition

Revenue represents dividend income from group companies.

The dividend income is recognised on the date that the dividend is declared.

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Investments

Fixed asset investments held by the company are included in the balance sheet at the cost of acquisition including associated costs less provision for impairment.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

CLF Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2020

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2019- 0).

4	Investments

	2020 £	2019 £
Investments in subsidiaries	300,571	300,571

Subsidiaries	£
Cost or valuation
At 1 May 2019	300,571
Provision
Carrying amount
At 30 April 2020	300,571
At 30 April 2019	300,571

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2020	2019

Subsidiary undertakings
CLF Packaging Limited	Incorporated in England	Ordinary	100%	100%

Subsidiary undertakings

CLF Packaging Limited The principal activity of CLF Packaging Limited is Supply of packaging materials.

5

Creditors

Creditors: amounts falling due within one year

	Note	2020  £	2019  £
Due within one year
Amounts owed to group undertakings	6	80,945	89,945

Whilst amounts owed to group undertakings are payable on demand, it is unlikely that they will be repaid within one year.

CLF Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2020

6	Related party transactions

Summary of transactions with other related parties

Group companies
 

 

Loans from related parties

2020	Other related parties £	Total £
At start of period	89,945	89,945
Impairment	(9,000)	(9,000)
At end of period	80,945	80,945