Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30falsetrue2023-05-01falseconsultancy services in the field of financial and business planning22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03284736 2023-05-01 2024-04-30 03284736 2022-05-01 2023-04-30 03284736 2024-04-30 03284736 2023-04-30 03284736 c:Director1 2023-05-01 2024-04-30 03284736 d:FurnitureFittings 2024-04-30 03284736 d:FurnitureFittings 2023-04-30 03284736 d:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 03284736 d:CurrentFinancialInstruments 2024-04-30 03284736 d:CurrentFinancialInstruments 2023-04-30 03284736 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 03284736 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03284736 d:ShareCapital 2024-04-30 03284736 d:ShareCapital 2023-04-30 03284736 d:RetainedEarningsAccumulatedLosses 2024-04-30 03284736 d:RetainedEarningsAccumulatedLosses 2023-04-30 03284736 c:OrdinaryShareClass1 2023-05-01 2024-04-30 03284736 c:OrdinaryShareClass1 2024-04-30 03284736 c:FRS102 2023-05-01 2024-04-30 03284736 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03284736 c:FullAccounts 2023-05-01 2024-04-30 03284736 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03284736 d:WithinOneYear 2024-04-30 03284736 d:WithinOneYear 2023-04-30 03284736 d:BetweenOneFiveYears 2024-04-30 03284736 d:BetweenOneFiveYears 2023-04-30 03284736 d:EntityControlledByKeyManagementPersonnel2 2023-05-01 2024-04-30 03284736 d:EntityControlledByKeyManagementPersonnel2 2024-04-30 03284736 d:EntityControlledByKeyManagementPersonnel3 2023-05-01 2024-04-30 03284736 d:EntityControlledByKeyManagementPersonnel3 2024-04-30 03284736 d:EntityControlledByKeyManagementPersonnel4 2023-05-01 2024-04-30 03284736 d:EntityControlledByKeyManagementPersonnel4 2024-04-30 03284736 2 2023-05-01 2024-04-30 03284736 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03284736









CLEARWATER BUSINESS AND FINANCIAL PLANNING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
CLEARWATER BUSINESS AND FINANCIAL PLANNING LIMITED
REGISTERED NUMBER: 03284736

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024


2024

2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
-
-

Current assets
  

Debtors: amounts falling due within one year
 5 
33,102
84,043

Cash at bank and in hand
 6 
412,435
146,330

  
445,537
230,373

Creditors: amounts falling due within one year
 7 
(328,335)
(76,967)

Net current assets
  
 
 
117,202
 
 
153,406

  

Net assets
  
117,202
153,406


Capital and reserves
  

Called up share capital 
 8 
10,000
10,000

Profit and loss account
  
107,202
143,406

  
117,202
153,406


Page 1

 
CLEARWATER BUSINESS AND FINANCIAL PLANNING LIMITED
REGISTERED NUMBER: 03284736
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 September 2024.


S J Laing
Director


The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
CLEARWATER BUSINESS AND FINANCIAL PLANNING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Clearwater Business and Financial Planning Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, Middlesex, UB8 2FX.
The company specialises in consultancy services in the field of financial and business planning.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
CLEARWATER BUSINESS AND FINANCIAL PLANNING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Other fixed assets
-
25% - 33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.8

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term.

Page 4

 
CLEARWATER BUSINESS AND FINANCIAL PLANNING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.11

Taxation

Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
CLEARWATER BUSINESS AND FINANCIAL PLANNING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Other fixed assets

£



Cost 


At 1 May 2023
29,914



At 30 April 2024

29,914



Depreciation


At 1 May 2023
29,914



At 30 April 2024

29,914



Net book value



At 30 April 2024
-



At 30 April 2023
-


5.


Debtors

2024
2023
£
£


Trade debtors
27,819
25,336

Other debtors
-
53,424

Prepayments and accrued income
5,283
5,283

33,102
84,043



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
412,435
146,330

412,435
146,330


Page 6

 
CLEARWATER BUSINESS AND FINANCIAL PLANNING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,587
16,764

Corporation tax
15,779
38,084

Other taxation and social security
277,502
12,501

Other creditors
30,667
667

Accruals and deferred income
1,800
8,951

328,335
76,967



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,000 Ordinary shares of £1 each
10,000
10,000



9.


Pension commitments

The company operates a money purchase pension scheme for the benefit of the directors. The assets are held and administered separately from those of the company. The contributions made during the year amounted to £68,000 (2023 - £45,000). 


10.


Commitments under operating leases

At 30 April 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
16,216
21,132

Later than 1 year and not later than 5 years
5,320
21,536

21,536
42,668


11.


Transactions with directors

Included within other debtors due within one year is a loan to a director, amounting to £Nil (2023 - £43,513). During the year, the director received further loans from the company of £56,130 (2023 -  £117,840) and repaid £99,643 (2023 -  £116,968). The loan is interest free and repayable on demand.

Page 7

 
CLEARWATER BUSINESS AND FINANCIAL PLANNING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

12.


Related party transactions

During the year, the company provided services to Isobel Advertising Ltd, a company with a common director, amounting to £75,200 (2023 - £62,407). At the year end, a balance of £4,977 (2023 - £2,916) was due from that company.
 
During the year, the company provided services to Material Plus UK Ltd, a company with a common director, amounting to £14,325 (2023 - £15,822). At the year end, a balance of £3,600 (2023 - £3,280) was due from that company.
 
During the year, the company provided services to Edgington Spink & Hyne, a company with a common director, amounting to £21,800 (2023 - £26,265). At the year end, a balance of £5,038 (2023 - £9,830) was due from that company.
 
Included within other debtors is an amount of £Nil (2023 - £1,500) due from a close family member of the director.


13.


Controlling party

The company is controlled by S J Laing, a director, by virtue of her majority shareholding in the issued share capital.

 
Page 8