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REGISTERED NUMBER: 05177330 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

FOR

CLEARVIEW INDEPENDENT FINANCIAL ADVISERS
LIMITED

CLEARVIEW INDEPENDENT FINANCIAL ADVISERS
LIMITED (REGISTERED NUMBER: 05177330)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

CLEARVIEW INDEPENDENT FINANCIAL ADVISERS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTORS: C L Stilwell
G J Stilwell
Mrs J Stilwell (Non executive)



SECRETARY: Mrs J Stilwell



REGISTERED OFFICE: 6 Thomas Street
St Thomas
Swansea
SA1 8AT



REGISTERED NUMBER: 05177330 (England and Wales)



ACCOUNTANTS: John F. Harvey
Dynevor House
5-6 De La Beche Street
Swansea
SA1 3HA



BANKERS: Santander PLC
1 Union Street
Swansea
SA1 3EE

CLEARVIEW INDEPENDENT FINANCIAL ADVISERS
LIMITED (REGISTERED NUMBER: 05177330)

BALANCE SHEET
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,401 2,951
Tangible assets 5 9,187 10,212
10,588 13,163

CURRENT ASSETS
Debtors 6 30,454 30,207
Investments 7 213,315 151,043
Cash at bank 72,145 165,097
315,914 346,347
CREDITORS
Amounts falling due within one year 8 52,985 58,258
NET CURRENT ASSETS 262,929 288,089
TOTAL ASSETS LESS CURRENT
LIABILITIES

273,517

301,252

PROVISIONS FOR LIABILITIES 2,237 1,940
NET ASSETS 271,280 299,312

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 271,277 299,309
SHAREHOLDERS' FUNDS 271,280 299,312

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

CLEARVIEW INDEPENDENT FINANCIAL ADVISERS
LIMITED (REGISTERED NUMBER: 05177330)

BALANCE SHEET - continued
5 APRIL 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 January 2025 and were signed on its behalf by:




C L Stilwell - Director



G J Stilwell - Director


CLEARVIEW INDEPENDENT FINANCIAL ADVISERS
LIMITED (REGISTERED NUMBER: 05177330)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

Clearview Independent Financial Advisers 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net commission and fees receivable which is recognised when the company has obtained the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

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 - 25% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 25% on cost

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.


CLEARVIEW INDEPENDENT FINANCIAL ADVISERS
LIMITED (REGISTERED NUMBER: 05177330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company makes employer contribution payments into the personal pension plans of its directors and also makes auto enrolement pension contributions in respect of some of the employees.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 6 April 2023
and 5 April 2024 31,000
AMORTISATION
At 6 April 2023 28,049
Charge for year 1,550
At 5 April 2024 29,599
NET BOOK VALUE
At 5 April 2024 1,401
At 5 April 2023 2,951

CLEARVIEW INDEPENDENT FINANCIAL ADVISERS
LIMITED (REGISTERED NUMBER: 05177330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 6 April 2023 1,328 9,386 14,469 25,183
Additions - - 4,392 4,392
At 5 April 2024 1,328 9,386 18,861 29,575
DEPRECIATION
At 6 April 2023 815 4,793 9,363 14,971
Charge for year 269 1,008 4,140 5,417
At 5 April 2024 1,084 5,801 13,503 20,388
NET BOOK VALUE
At 5 April 2024 244 3,585 5,358 9,187
At 5 April 2023 513 4,593 5,106 10,212

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,160 3,395
Other debtors 24,294 26,812
30,454 30,207

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 213,315 151,043

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 42,440 46,516
Social security and other taxes 2,715 2,687
Pension creditor 1,058 1,058
Directors' current accounts 58 730
Accrued expenses 6,714 7,267
52,985 58,258

CLEARVIEW INDEPENDENT FINANCIAL ADVISERS
LIMITED (REGISTERED NUMBER: 05177330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 5 April 2024 and 5 April 2023:

2024 2023
£    £   
Mrs J Stilwell (Non executive)
Balance outstanding at start of year - -
Amounts advanced 126 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 126 -

C L Stilwell
Balance outstanding at start of year - -
Amounts advanced 27 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27 -

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CLEARVIEW INDEPENDENT FINANCIAL ADVISERS
LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clearview Independent Financial Advisers Limited for the year ended 5 April 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Clearview Independent Financial Advisers Limited, as a body, in accordance with the terms of our engagement letter dated 3 January 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Clearview Independent Financial Advisers Limited and state those matters that we have agreed to state to the Board of Directors of Clearview Independent Financial Advisers Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clearview Independent Financial Advisers Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Clearview Independent Financial Advisers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Clearview Independent Financial Advisers Limited. You consider that Clearview Independent Financial Advisers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Clearview Independent Financial Advisers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






John F. Harvey
Dynevor House
5-6 De La Beche Street
Swansea
SA1 3HA


3 January 2025