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REGISTERED NUMBER: 01358463 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

CLARITYSITE LIMITED

CLARITYSITE LIMITED (REGISTERED NUMBER: 01358463)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLARITYSITE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: N S Nissan
F Nissan
S Nissan





SECRETARY: N S Nissan





REGISTERED OFFICE: 78 The Drive
London
NW11 9UL





REGISTERED NUMBER: 01358463 (England and Wales)






CLARITYSITE LIMITED (REGISTERED NUMBER: 01358463)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 376,215 377,607

CURRENT ASSETS
Debtors 5 - 2,667
Cash at bank 20,779 15,090
20,779 17,757
CREDITORS
Amounts falling due within one year 6 (18,883 ) (16,464 )
NET CURRENT ASSETS 1,896 1,293
TOTAL ASSETS LESS CURRENT LIABILITIES 378,111 378,900

PROVISIONS FOR LIABILITIES 7 (76,922 ) (76,922 )
NET ASSETS 301,189 301,978

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 223,078 223,078
Retained earnings 9 78,011 78,800
SHAREHOLDERS' FUNDS 301,189 301,978

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

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

CLARITYSITE LIMITED (REGISTERED NUMBER: 01358463)

BALANCE SHEET - continued
30 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 January 2025 and were signed on its behalf by:





N S Nissan - Director


CLARITYSITE LIMITED (REGISTERED NUMBER: 01358463)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Claritysite 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. 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.

Turnover
Turnover represents net invoiced rents received and receivable.

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

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 3 (2023 - 3 ) .

CLARITYSITE LIMITED (REGISTERED NUMBER: 01358463)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 404,853
DEPRECIATION
At 1 May 2023 27,246
Charge for year 1,392
At 30 April 2024 28,638
NET BOOK VALUE
At 30 April 2024 376,215
At 30 April 2023 377,607

Cost or valuation at 30 April 2024 is represented by:

Freehold
property
£   
Valuation in 2021 300,000
Cost 104,853
404,853

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

30.4.24 30.4.23
£    £   
Cost 104,853 104,853
Aggregate depreciation 24,462 24,462

Value of land in freehold land and buildings 80,391 80,391

Freehold property was valued on an open market basis on 30 April 2021 by the directors. .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors - 2,667

CLARITYSITE LIMITED (REGISTERED NUMBER: 01358463)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 6,006 5,854
Other creditors 12,877 10,610
18,883 16,464

7. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 76,922 76,922

Deferred
tax
£   
Balance at 1 May 2023 76,922
Balance at 30 April 2024 76,922

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 May 2023 78,800 223,078 301,878
Profit for the year 24,211 24,211
Dividends (25,000 ) (25,000 )
At 30 April 2024 78,011 223,078 301,089