IRIS Accounts Productionv24.1.9.207658004Board of Directors1.7.2330.6.2430.6.24falsetruefalsefalsetruefalseFair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076580042023-06-30076580042024-06-30076580042023-07-012024-06-30076580042022-06-30076580042022-07-012023-06-30076580042023-06-3007658004ns15:EnglandWales2023-07-012024-06-3007658004ns14:PoundSterling2023-07-012024-06-3007658004ns10:Director12023-07-012024-06-3007658004ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3007658004ns10:SmallEntities2023-07-012024-06-3007658004ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3007658004ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3007658004ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3007658004ns10:AbridgedAccounts2023-07-012024-06-3007658004ns10:Director22023-07-012024-06-3007658004ns10:CompanySecretary12023-07-012024-06-3007658004ns10:RegisteredOffice2023-07-012024-06-3007658004ns5:CurrentFinancialInstruments2024-06-3007658004ns5:CurrentFinancialInstruments2023-06-3007658004ns5:Non-currentFinancialInstruments2024-06-3007658004ns5:Non-currentFinancialInstruments2023-06-3007658004ns5:ShareCapital2024-06-3007658004ns5:ShareCapital2023-06-3007658004ns5:RevaluationReserve2024-06-3007658004ns5:RevaluationReserve2023-06-3007658004ns5:RetainedEarningsAccumulatedLosses2024-06-3007658004ns5:RetainedEarningsAccumulatedLosses2023-06-3007658004ns5:PlantMachinery2023-07-012024-06-3007658004ns5:RetainedEarningsAccumulatedLosses2023-06-3007658004ns5:RevaluationReserve2023-06-3007658004ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-30

REGISTERED NUMBER: 07658004 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024


FOR



CLARITY2 MANAGEMENT LTD



CLARITY2 MANAGEMENT LTD (REGISTERED NUMBER: 07658004)



CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024











Page




Company Information  

1




Abridged Balance Sheet  

2




Notes to the Financial Statements  

4





CLARITY2 MANAGEMENT LTD



COMPANY INFORMATION

FOR THE YEAR ENDED 30 JUNE 2024









DIRECTORS:

Ms E M Brennan


Mr A J White







SECRETARY:

Mr A J White







REGISTERED OFFICE:

Hartfield Place


40 - 44 High Street


Northwood


Middlesex


HA6 1BN







REGISTERED NUMBER:

07658004 (England and Wales)







ACCOUNTANTS:

Robert Clow & Co


Chartered Accountants


Hartfield Place


40 - 44 High Street


Northwood


Middlesex


HA6 1BN



CLARITY2 MANAGEMENT LTD (REGISTERED NUMBER: 07658004)



ABRIDGED BALANCE SHEET

30 JUNE 2024



30.6.24

30.6.23



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

-


-



Investment property

5

153,765


324,584



153,765


324,584




CURRENT ASSETS

Cash at bank

5,775


3,422




CREDITORS

Amounts falling due within one year

76,028


145,547



NET CURRENT LIABILITIES

(70,253

)

(142,125

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

83,512


182,459




CREDITORS

Amounts falling due after more than one

year

49,246


108,855



NET ASSETS

34,266


73,604




CAPITAL AND RESERVES

Called up share capital

2


2



Revaluation reserve

6

10,000


30,000



Retained earnings

6

24,264


43,602



SHAREHOLDERS' FUNDS

34,266


73,604




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.



CLARITY2 MANAGEMENT LTD (REGISTERED NUMBER: 07658004)



ABRIDGED BALANCE SHEET - continued

30 JUNE 2024



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


All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.  


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 2 September 2024 and were signed on its behalf by:






Ms E M Brennan - Director




CLARITY2 MANAGEMENT LTD (REGISTERED NUMBER: 07658004)



NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024



1.

STATUTORY INFORMATION



Clarity2 Management 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 as modified by the revaluation of certain assets.    



Tangible fixed assets


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


Plant and machinery etc

-

33% on cost



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 2 (2023 - 2 ) .



CLARITY2 MANAGEMENT LTD (REGISTERED NUMBER: 07658004)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024



4.

TANGIBLE FIXED ASSETS


Totals

£   



COST


At 1 July 2023


and 30 June 2024

5,216




DEPRECIATION


At 1 July 2023


and 30 June 2024

5,216




NET BOOK VALUE


At 30 June 2024

-




At 30 June 2023

-




5.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1 July 2023

324,584




Disposals

(170,819

)



At 30 June 2024

153,765




NET BOOK VALUE


At 30 June 2024

153,765




At 30 June 2023

324,584





Fair value at 30 June 2024 is represented by:

£   



Valuation in 2016

10,000




Valuation in 2017

20,000




Valuation in 2024

(20,000

)



Cost

143,765



153,765





If investment property had not been revalued it would have been included at the following historical cost:



30.6.24


30.6.23

£   

£   



Cost

143,765


294,584





Investment property was valued on an open market basis on 30 June 2024 by the director .



CLARITY2 MANAGEMENT LTD (REGISTERED NUMBER: 07658004)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2024



6.

RESERVES


Retained


Revaluation



earnings


reserve


Totals

£   

£   

£   




At 1 July 2023

43,602


30,000


73,602




Deficit for the year

(1,338

)

-


(1,338

)



Dividends

(18,000

)

-


(18,000

)



Revaluations

-


(20,000

)

(20,000

)



At 30 June 2024

24,264


10,000


34,264




7.

DIRECTORS' ADVANCES, CREDITS AND GUARANTEES


Included in other creditors is £53,119 (2023: £110,668) owed to the directors.

8.

RELATED PARTY DISCLOSURES



During the year, total dividends of £18,000 (2023 - £29,000) were paid to the directors .


9.

ULTIMATE CONTROLLING PARTY



The company is controlled by the directors.