Cleanslate Contracting Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08629240 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

Cleanslate Contracting Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B R Norton

M C Fitzpatrick

SECRETARY:

J A Ashton

REGISTERED OFFICE:

Chobham Farm

Sandpit Hall Road

Chobham

Woking

Surrey

GU24 8HA

REGISTERED NUMBER:

08629240 (England and Wales)

ACCOUNTANTS:

Hakim Fry Chartered Accountants

69-71 East Street

Epsom

Surrey

KT17 1BP

CURRENT ASSETS

Work in progress

90,071

264,709

Debtors

4

733,771

576,861

Cash at bank and in hand

1,253

600

825,095

842,170

CREDITORS

Amounts falling due within one year

5

824,995

842,070

NET CURRENT ASSETS

100

TOTAL ASSETS LESS CURRENT
LIABILITIES

100

CAPITAL AND RESERVES

Called up share capital

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on
22 December 2020 and were signed on its behalf by:

B R Norton - Director

1.	STATUTORY INFORMATION

Cleanslate Contracting Ltd is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company

Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity. No

provision for deferred tax has been made.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

Trade debtors

10,743

25,354

Amounts owed by group undertakings

295,472

266,775

Amounts owed by associates

425,020

259,516

Other debtors

2,536

25,216

733,771

576,861

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

Payments on account

1,722

Trade creditors

458,391

709,869

Amounts owed to group undertakings

336,131

97,086

Taxation and social security

2,357

4,860

Other creditors

26,394

28,533

824,995

842,070

6.	RELATED PARTY DISCLOSURES

During the year, the Company charged Phix (Newmarket) Ltd, a company in which M C Fitzpatrick is

a director £Nil (2018: £4,846) for development and construction services. At the year end, the

Company was owed £Nil (2018: £4,962) by Phix (Newmarket) Ltd and is presented within Debtors:

Amounts falling due within one year - Trade debtors.

During the year, the Company charged the following group entities for development related services:

31.12.19

31.12.18

Cleanslate (Hurstbourne Priors) Ltd

£34,561

£82,489

Cleanslate Tushmore Limited

£Nil

£1,190

Cleanslate Ltd

£2,173

£Nil

During the year, the Company was charged by the following group entity for development related

services:

31.12.19

31.12.18

Cleanslate Ltd

£42,111

£644,760

During the year, the Company charged the following associate entities for development and

construction services:

31.12.19

31.12.18

Cleanslate Ashford Ltd

£1,112,387

£2,424,753

Queensmead Weybridge Limited

£2,263,694

£5,081,957

The Company maintains interest free loan accounts with the following group entities and the balances

are presented within Debtors: Amounts falling due within one year - Amounts owed by group

undertakings:

31.12.19

31.12.18

Cleanslate (Shackleford) Ltd

£143,000

Cleanslate (Hurstbourne Priors) Ltd

£152,472

£118,556

Cleanslate Tushmore Limited

£Nil

£5,219

The Company maintains interest free loan accounts with the following group entities and the balances

are presented within Creditors: Amounts falling due within one year - Amounts owed to group

undertakings:

31.12.19

31.12.18

Cleanslate (Weston) Ltd

£70,602

Cleanslate Ltd

£265,523

£26,478

Cleanslate Land Limited

£6

The Company maintains an interest free current account with the following associate entities and the

balances are presented within Debtors: Amounts falling due within one year - Amounts owed by

associates:

31.12.19

31.12.18

Queensmead Weybridge Limited

£335,011

£171,722

Cleanslate Ashford Ltd

£90,009

£87,794

The Company charged The Maltings (Newmarket) Management Company Limited, a company in

which B R Norton is a director £Nil (2018: £17,749) for expenses related to estate running costs. At

the year end, the Company was owed £2,962 (2018: £20,098) and is presented within Debtors:

Amounts falling due within one year - Trade debtors.

The Company charged The Landmark (Weybridge) Management Company Limited, a company in

which B R Norton and M C Fitzpatrick are directors £3,757 (2018: £Nil) for expenses related to estate

running costs. At the year end, the Company was owed £4,272 (2018: £Nil) and is presented within

Debtors: Amounts falling due within one year - Trade debtors.

The Company charged The Foundry (Ashford) Management Company Limited, a company in which B

R Norton and M C Fitzpatrick are directors £3,089 (2018: £Nil) for expenses related to estate running

costs. At the year end, the Company was owed £3,509 (2018: £Nil) and is presented within Debtors:

Amounts falling due within one year - Trade debtors.

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be B R Norton by virtue of his controlling interest in the

parent company, Cleanslate Ltd.

Cleanslate Contracting Ltd - Accounts to registrar (filleted) - small 18.2

Cleanslate Contracting Ltd - Accounts to registrar (filleted) - small 18.2