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Good afternoon, thank you for contacting Just Answer my name is***** am a solicitor and I will be assisting you today. As the owner of the limited company it is likely you that would qualify as working for anyone else therefore I would advise that you disclose this to the employer.
Yes I would say it is necessary, the clause is clearly requesting that any other work whether it be employed or freelance basis is declared to the employer. I understand that this is probably not the answer you were seeking but from I can only advise on the point of law from the infromation provided.
Glad to be off assistance I wish you all the best.