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REGISTERED NUMBER: 00525542 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024

FOR

CLEAR-VIEW RENTAL & RELAY LIMITED

CLEAR-VIEW RENTAL & RELAY LIMITED (REGISTERED NUMBER: 00525542)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLEAR-VIEW RENTAL & RELAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Ms L Seymour
Ms C K L Cooke





REGISTERED OFFICE: Cysgod y Graig
Trelech
Carmarthen
Dyfed
SA33 6RT





REGISTERED NUMBER: 00525542 (England and Wales)





ACCOUNTANTS: Honey Barrett Limited
Chartered Accountants
53 Gildredge Road
Eastbourne
East Sussex
BN21 4SF

CLEAR-VIEW RENTAL & RELAY LIMITED (REGISTERED NUMBER: 00525542)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,498,757 3,499,639

CURRENT ASSETS
Debtors 6 77,830 102,791
Cash at bank and in hand 119,992 178,605
197,822 281,396
CREDITORS
Amounts falling due within one year 7 82,254 124,763
NET CURRENT ASSETS 115,568 156,633
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,614,325

3,656,272

CREDITORS
Amounts falling due after more than
one year

8

(250,000

)

(300,000

)

PROVISIONS FOR LIABILITIES 9 (292,562 ) (292,783 )
NET ASSETS 3,071,763 3,063,489

CAPITAL AND RESERVES
Called up share capital 10 6,605 6,605
Non distributable reserves 1,276,489 1,276,489
Other reserves 2,064 2,064
Retained earnings 1,786,605 1,778,331
SHAREHOLDERS' FUNDS 3,071,763 3,063,489

CLEAR-VIEW RENTAL & RELAY LIMITED (REGISTERED NUMBER: 00525542)

BALANCE SHEET - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2024 and were signed on its behalf by:





Ms L Seymour - Director


CLEAR-VIEW RENTAL & RELAY LIMITED (REGISTERED NUMBER: 00525542)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Clear-View Rental & Relay 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
The turnover in the profit and loss account represents rents receivable in the year.

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

Fixtures, fittings & equipment:
- 15% on reducing balance for fixtures and fittings
- 20% on straight line for computer equipment

All fixed assets are initially recorded at cost.

Investment property
Investment property is shown at valuation at the balance sheet date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

CLEAR-VIEW RENTAL & RELAY LIMITED (REGISTERED NUMBER: 00525542)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.


CLEAR-VIEW RENTAL & RELAY LIMITED (REGISTERED NUMBER: 00525542)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 recognized in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made wherein the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.

Deferred tax assets are recognized only to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CLEAR-VIEW RENTAL & RELAY LIMITED (REGISTERED NUMBER: 00525542)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Freehold Fixtures,
investment fittings
property & equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 3,495,000 24,812 3,519,812
DEPRECIATION
At 1 April 2023 - 20,173 20,173
Charge for year - 882 882
At 31 March 2024 - 21,055 21,055
NET BOOK VALUE
At 31 March 2024 3,495,000 3,757 3,498,757
At 31 March 2023 3,495,000 4,639 3,499,639


6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 18,352 26,117
Other debtors 9,191 9,191
Prepayments and accrued income 4,332 3,147
31,875 38,455

Amounts falling due after more than one year:
Other debtors 45,955 64,336

Aggregate amounts 77,830 102,791

CLEAR-VIEW RENTAL & RELAY LIMITED (REGISTERED NUMBER: 00525542)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 4,362 17,720
Income tax 4,000 4,000
PAYE and social security 456 62
Directors' current accounts 57,868 82,766
Accruals and deferred income 15,568 20,215
82,254 124,763

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Directors' loan accounts 250,000 300,000

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 939 1,160
Tax on potential gain on revaluation 291,623 291,623
292,562 292,783

Deferred
tax
£   
Balance at 1 April 2023 292,783
Provided during year (221 )
Balance at 31 March 2024 292,562

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200,000 Ordinary A £0.01 2,000 2,000
460,531 Ordinary B £0.01 4,605 4,605
6,605 6,605