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REGISTERED NUMBER: 11137082 (England and Wales)












Financial Statements

for the Year Ended 31 July 2024

for

Clearview Care Limited

Clearview Care Limited (Registered number: 11137082)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clearview Care Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: S J Syme





REGISTERED OFFICE: 128 City Road
London
EC1V 2NX





REGISTERED NUMBER: 11137082 (England and Wales)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Clearview Care Limited (Registered number: 11137082)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 3 622,707 333,360

CURRENT ASSETS
Debtors 4 201,128 153,349
Cash at bank 6,634 22,937
207,762 176,286
CREDITORS
Amounts falling due within one year 5 323,548 37,804
NET CURRENT (LIABILITIES)/ASSETS (115,786 ) 138,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

506,921

471,842

CREDITORS
Amounts falling due after more than one year 6 454,140 419,515
NET ASSETS 52,781 52,327

CAPITAL AND RESERVES
Called up share capital 7 101 101
Retained earnings 52,680 52,226
SHAREHOLDERS' FUNDS 52,781 52,327

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Care Limited (Registered number: 11137082)

Balance Sheet - continued
31 July 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 director and authorised for issue on 7 April 2025 and were signed by:





S J Syme - Director


Clearview Care Limited (Registered number: 11137082)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. 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.

Going concern
The directors are satisfied that the company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Turnover represents amounts receivable in respect of the accounting period from the provision of nursing and enhanced residential care.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Tenant's improvements - 4% on cost
Furniture & equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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.

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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Clearview Care Limited (Registered number: 11137082)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

1. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 12 ) .

3. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Tenant's Furniture and
improvements & equipment fittings
£    £    £   
COST
At 1 August 2023 353,580 30,198 -
Additions 208,778 - 10,000
At 31 July 2024 562,358 30,198 10,000
DEPRECIATION
At 1 August 2023 41,550 13,542 -
Charge for year 22,162 2,498 -
At 31 July 2024 63,712 16,040 -
NET BOOK VALUE
At 31 July 2024 498,646 14,158 10,000
At 31 July 2023 312,030 16,656 -

Clearview Care Limited (Registered number: 11137082)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 13,359 10,097 407,234
Additions 112,488 - 331,266
At 31 July 2024 125,847 10,097 738,500
DEPRECIATION
At 1 August 2023 9,132 9,650 73,874
Charge for year 16,812 447 41,919
At 31 July 2024 25,944 10,097 115,793
NET BOOK VALUE
At 31 July 2024 99,903 - 622,707
At 31 July 2023 4,227 447 333,360

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 152,451 55,464
Other debtors 48,677 97,885
201,128 153,349

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 96,635 22,662
Hire purchase contracts 45,764 -
Taxation and social security 121,097 9,210
Other creditors 60,052 5,932
323,548 37,804

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 19,028 19,515
Hire purchase contracts 35,112 -
Other creditors 400,000 400,000
454,140 419,515

Clearview Care Limited (Registered number: 11137082)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
101 Ordinary £1 101 101

8. POST BALANCE SHEET EVENTS

The Preference Shares (see creditors note above) were scheduled for redemption on 16 August 2023 but the company did not have sufficient distributable reserves to satisfy this, nor the related annual dividend sums. Discussions are ongoing with the shareholders in order to resolve the position.