Cleddau Holdings Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06537988 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

CLEDDAU HOLDINGS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A M North

Mr E H Page

SECRETARY:

Mr A M North

REGISTERED OFFICE:

54 High Street

Neyland

Pembrokeshire

SA73 1TF

REGISTERED NUMBER:

06537988 (England and Wales)

ACCOUNTANTS:

L M Griffiths & Co Limited

Chartered Certified Accountants

1&2 Merlins Court

Winch Lane

Haverfordwest

Pembrokeshire

SA61 1SB

FIXED ASSETS

Intangible assets

5

542,500

580,000

Investments

6

56,000

56,000

598,500

636,000

CURRENT ASSETS

Cash at bank

480

191

CREDITORS

Amounts falling due within one year

7

390,913

479,184

NET CURRENT LIABILITIES

(390,433

)

(478,993

)

TOTAL ASSETS LESS CURRENT LIABILITIES

208,067

157,007

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

208,065

157,005

SHAREHOLDERS' FUNDS

208,067

157,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 24 July 2018 and were signed on its behalf by:

Mr A M North - Director

1.	STATUTORY INFORMATION

Cleddau Holdings Limited 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.	STATEMENT OF COMPLIANCE

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

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The directors are not aware of any material uncertainties in the forthcoming 12 months. As a result the going

concern basis of accounting has been adopted.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised

evenly over its estimated useful life.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Income recognition

The company's income represents dividends received. The dividends are recognised when the equity holder's

right to receive payment is established.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 2 ).

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

750,000

AMORTISATION

At 1 April 2017

170,000

Amortisation for year

37,500

At 31 March 2018

207,500

NET BOOK VALUE

At 31 March 2018

542,500

At 31 March 2017

580,000

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2017

and 31 March 2018

56,000

NET BOOK VALUE

At 31 March 2018

56,000

At 31 March 2017

56,000

The company's investments at the Statement of Financial Position date in the share capital of companies include

the following:

Cleddau Insurance Services Limited

Registered office: Inside the United Kingdom

Nature of business: Insurance providers

%

Class of shares:

holding

Ordinary

100.00

2018

2017

£

£

Aggregate capital and reserves

545,740

347,604

Profit for the year

184,077

233,798

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other creditors

390,913

479,184

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2018 and

31 March 2017:

2018

2017

£

£

Mr A M North and Mr E H Page

Balance outstanding at start of year

(361,677

)

(372,235

)

Amounts advanced

88,301

132,705

Amounts repaid

-

(122,147

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(273,376

)

(361,677

)

Interest has been charged on the loan at 0.73%

During the year the company paid dividends of £26,000 to the directors (2017 - £32,000)

9.	RELATED PARTY DISCLOSURES

Cleddau Insurance Services Limited

Wholly owned subsidiary

During the year the company received dividends of £117,301 from Cleddau Insurance Services Limited (2017 -

£102,438).

Included in other creditors is an amount of £116,937 owed to Cleddau Insurance Services Limited

(2017 - £116,937). This loan is repayable on demand.