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REGISTERED NUMBER: 11902094 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

CLEVERTOUCH INVESTMENTS LTD

CLEVERTOUCH INVESTMENTS LTD (REGISTERED NUMBER: 11902094)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLEVERTOUCH INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







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 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 - 482,273
Investment property 5 1,800,000 1,800,000
1,800,000 2,282,273

CURRENT ASSETS
Debtors 6 100,109 346,976
Cash in hand 6,080 24,216
106,189 371,192
CREDITORS
Amounts falling due within one year 7 222,712 732,210
NET CURRENT LIABILITIES (116,523 ) (361,018 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,683,477

1,921,255

CREDITORS
Amounts falling due after more than one
year

8

800,721

874,720
NET ASSETS 882,756 1,046,535

CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Revaluation reserve 11 850,000 850,000
Retained earnings 22,756 186,535
SHAREHOLDERS' FUNDS 882,756 1,046,535

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

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

CLEVERTOUCH INVESTMENTS LTD (REGISTERED NUMBER: 11902094)

BALANCE SHEET - continued
31ST MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th November 2024 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 2024


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.

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 Statement of Income and Retained Earnings, 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.

Going concern
The company has prepared its financial statements under the going concern basis, although in the current year there are net current liabilities. The company will be supported by the Directors if this becomes necessary.

3. EMPLOYEES AND DIRECTORS

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

CLEVERTOUCH INVESTMENTS LTD (REGISTERED NUMBER: 11902094)

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


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st April 2023 482,273
Disposals (482,273 )
At 31st March 2024 -
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 482,273

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 1,800,000
NET BOOK VALUE
At 31st March 2024 1,800,000
At 31st March 2023 1,800,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 53,308 35,500
Other debtors 46,801 311,476
100,109 346,976

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 138,829 116,386
Trade creditors 1,620 -
Amounts owed to group undertakings - 482,273
Taxation and social security 38,987 98,051
Other creditors 43,276 35,500
222,712 732,210

CLEVERTOUCH INVESTMENTS LTD (REGISTERED NUMBER: 11902094)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 800,721 874,720

Amounts falling due in more than five years:

Repayable by instalments
Lloyds mortgage 800,721 874,720

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Lloyds mortgage 939,550 974,374

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary share capital 1 10,000 10,000

11. RESERVES
Revaluation
reserve
£   
At 1st April 2023
and 31st March 2024 850,000

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company gave advances to Directors in the year totalling £44,933 (2023 - £207,566), repayments have been made resulting in a closing year end balance of £nil (2023 - £207,566).