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REGISTERED NUMBER: 11902094 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

CLEVERTOUCH INVESTMENTS LTD

CLEVERTOUCH INVESTMENTS LTD (REGISTERED NUMBER: 11902094)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLEVERTOUCH INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: S Sharp
A J Sharp





REGISTERED OFFICE: The Workshop The Dene
Ropley Dean
Ropley
Hampshire
SO24 0BH





REGISTERED NUMBER: 11902094 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

CLEVERTOUCH INVESTMENTS LTD (REGISTERED NUMBER: 11902094)

BALANCE SHEET
31ST MARCH 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Investments 4 482,273 -
Investment property 5 1,800,000 1,800,000
2,282,273 1,800,000

CURRENT ASSETS
Debtors 6 346,976 10,000
Prepayments and accrued income - (880 )
Cash in hand 24,216 148,116
371,192 157,236
CREDITORS
Amounts falling due within one year 7 732,210 12,430
NET CURRENT (LIABILITIES)/ASSETS (361,018 ) 144,806
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,921,255

1,944,806

CREDITORS
Amounts falling due after more than one
year

8

874,720

1,050,892
NET ASSETS 1,046,535 893,914

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 10 850,000 850,000
Retained earnings 186,535 33,914
1,046,535 893,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

CLEVERTOUCH INVESTMENTS LTD (REGISTERED NUMBER: 11902094)

BALANCE SHEET - continued
31ST MARCH 2023


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 31st October 2023 and were signed on its behalf by:





A J Sharp - Director


CLEVERTOUCH INVESTMENTS LTD (REGISTERED NUMBER: 11902094)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Clevertouch Investments 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred 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.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

CLEVERTOUCH INVESTMENTS LTD (REGISTERED NUMBER: 11902094)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 482,273
At 31st March 2023 482,273
NET BOOK VALUE
At 31st March 2023 482,273

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022
and 31st March 2023 1,800,000
NET BOOK VALUE
At 31st March 2023 1,800,000
At 31st March 2022 1,800,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 35,500 -
Other debtors 311,476 10,000
346,976 10,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts 116,386 -
Trade creditors - 2,604
Amounts owed to group undertakings 482,273 -
Taxation and social security 98,051 9,826
Other creditors 35,500 -
732,210 12,430

CLEVERTOUCH INVESTMENTS LTD (REGISTERED NUMBER: 11902094)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
as restated
£    £   
Bank loans 874,720 1,050,892

Amounts falling due in more than five years:

Repayable by instalments
Lloyds mortgage 874,720 1,050,892

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
as restated
£    £   
Lloyds mortgage 974,374 1,050,892

The above mortgage has fixed and floating charges over the property known as Searle and Taylor House, Ropley.

10. RESERVES
Revaluation
reserve
£   
At 1st April 2022
and 31st March 2023 850,000

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company gave advances to Directors in the year totalling £207,566 (2022 - £nil).