CLEARLINE UMBRELLA LTD

Company Registration Number:
15153828 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2024

Period of accounts

Start date: 21 September 2023

End date: 30 September 2024

CLEARLINE UMBRELLA LTD

Contents of the Financial Statements

for the Period Ended 30 September 2024

Balance sheet
Notes

CLEARLINE UMBRELLA LTD

Balance sheet

As at 30 September 2024


Notes

2024


£
Called up share capital not paid: 100
Fixed assets
Intangible assets:   0
Tangible assets: 3 496,000
Investments: 4 108,000
Total fixed assets: 604,000
Current assets
Stocks: 0
Debtors:   0
Cash at bank and in hand: 25,000
Investments:   0
Total current assets: 25,000
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 25,000
Total assets less current liabilities: 629,100
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Total net assets (liabilities): 629,100
Capital and reserves
Called up share capital: 100
Share premium account: 0
Revaluation reserve: 0
Other reserves: 629,000
Profit and loss account: 0
Shareholders funds: 629,100

The notes form part of these financial statements

CLEARLINE UMBRELLA LTD

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 February 2025
and signed on behalf of the board by:

Name: Julian David Betancurt
Status: Director

The notes form part of these financial statements

CLEARLINE UMBRELLA LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Tangible fixed assets and depreciation policy

The annual depreciation of all our IT, communications, and computer equipment is calculated at 25% of the cost of writing off the asset, less its residual value, and over its estimated useful economic lifetime.

Intangible fixed assets and amortisation policy

Annual amortisation of goodwill and design IP covering our PAYE software application will be calculated at 25% to write off the cost of the asset, minus its residual value, over its estimated useful lifetime

CLEARLINE UMBRELLA LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

2. Employees

2024
Average number of employees during the period 1

CLEARLINE UMBRELLA LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible Assets

Total
Cost £
Additions 496,000
Disposals 0
Revaluations 0
Transfers 0
At 30 September 2024 496,000
Depreciation
Charge for year 0
On disposals 0
Other adjustments 0
At 30 September 2024 0
Net book value
At 30 September 2024 496,000

CLEARLINE UMBRELLA LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Fixed investments

Our investments focused on advanced technology and software solutions to automate payroll processing, data security measures to protect sensitive employee information, compliance with evolving labor laws and tax regulations, user-friendly interfaces for both employees and employers, integration capabilities with HR and accounting systems, and customer support services to enhance client satisfaction. Additionally, investing in analytics and reporting tools can help offer valuable insights for strategic decision-making.