Company registration number 03995965 (England and Wales)
D E CLEGG HOLDINGS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
PAGES FOR FILING WITH REGISTRAR
D E CLEGG HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
D E CLEGG HOLDINGS LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2021
31 December 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Investments
3
5,948,592
5,948,592
Current assets
Debtors
5
4,999
4,999
Cash at bank and in hand
62,694
62,694
67,693
67,693
Creditors: amounts falling due within one year
6
(3,712,942)
(3,712,942)
Net current liabilities
(3,645,249)
(3,645,249)
Net assets
2,303,343
2,303,343
Capital and reserves
Called up share capital
23,706
23,706
Share premium account
7
218,794
218,794
Other reserves
7
2,480,000
2,480,000
Profit and loss reserves
7
(419,157)
(419,157)
Total equity
2,303,343
2,303,343
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 20 September 2022 and are signed on its behalf by:
K Anderson
Director
Company Registration No. 03995965
D E CLEGG HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
- 2 -
1
Accounting policies
Company information
D E Clegg Holdings Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
Bishops House, 42 High Pavement, The Lace Market, Nottingham, NG1 1HN.
1.1
Accounting convention
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 a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 400 of the
Companies Act 2006 not to prepare consolidated accounts. The
financial statements
present information about the company as an individual entity and not about its group
.
The company is a wholly owned subsidiary of Clegg Holdings Limited and the results of the company are included in the consolidated financial statements of Clegg Holdings Limited which are available from Companies house, Crown Way, Cardiff, CF14 3UZ.
1.2
Fixed asset investments
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in
profit
or
loss
.
2
Employees
The average monthly number of persons (including directors and company secretary) employed by the company during the year was:
2021
2020
Number
Number
Total
5
5
D E CLEGG HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
- 3 -
3
Fixed asset investments
2021
2020
£
£
Investments
5,948,592
5,948,592
Movements in fixed asset investments
Shares in group undertakings
£
Cost
At 1 January 2021 & 31 December 2021
5,948,592
4
Subsidiaries
Details of the company's subsidiaries at 31 December 2021 are as follows:
Name of undertaking
Address
Class of
% Held
shares held
Direct
Indirect
Clegg Accommodation Solutions Limited
England and Wales
Ordinary
0
100.00
Clegg Construction Limited
England and Wales
Ordinary
0
100.00
Clegg Food Projects Limited
England and Wales
Ordinary
0
100.00
Clegg Group Limited
England and Wales
Ordinary
100.00
-
Clegg Small Projects Limited
England and Wales
Ordinary
0
100.00
Clegg Special Projects Limited
England and Wales
Ordinary
0
100.00
J.W.Engineering Limited
England and Wales
Ordinary
0
100.00
Nutbrook Developments Limited
England and Wales
Ordinary
100.00
-
Registered office addresses (all UK unless otherwise indicated):
1
Bishops House, No 42 High Pavement, High Pavement, Nottingham, England, NG1 1HN
5
Debtors
2021
2020
Amounts falling due within one year:
£
£
Other debtors
4,999
4,999
D E CLEGG HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
- 4 -
6
Creditors: amounts falling due within one year
2021
2020
£
£
Amounts owed to group undertakings
2,715,613
2,715,613
Other creditors
997,329
997,329
3,712,942
3,712,942
7
Reserves
Share premium
Share premium account includes the premium on issue of equity shares, net of any issue costs.
Equity reserve
Merger reserve arose on a past business combination that was accounted for using merger relief in accordance with UK GAAP as applied at that time.
Profit and loss reserves
The profit and loss account represents cumulative profit or losses, net of dividends paid and other adjustments.
8
Audit report information
As the income statement has been omitted from the filing copy of the financial statements
,
the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006
:
The auditor's report was unqualified.
The senior statutory auditor was Roger Merchant and the auditor was UHY Hacker Young.
9
Financial commitments, guarantees and contingent liabilities
The company has made a cross guarantee of a loan held by Clegg Group Limited, there is a fixed and floating charge over the assets of the company.
10
Related party transactions
The company has taken advantage of the exemption available under section 1AC.35 of FRS 102, from disclosing transactions entered into between two or more wholly-owned members of the group.
D E CLEGG HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
- 5 -
11
Parent company
The company is a subsidiary of Clegg Holdings Limited.
The parent undertaking of the smallest and largest group for which consolidated accounts are prepared is Clegg Holdings Limited. Consolidated accounts are available from Companies house, Crown Way, Cardiff, CF14 3UZ.
In the opinion of the directors Clegg Holdings Limited is the company's ultimate controlling company.
Clegg Holdings Limited is controlled by its directors, The ultimate parent company is Clegg Employee Ownership Trust.