Company registration number 10876994 (England and Wales)
CLEARER RETIREMENT LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
CLEARER RETIREMENT LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
CLEARER RETIREMENT LTD (REGISTERED NUMBER: 10876994)
BALANCE SHEET
AS AT 31 JULY 2024
31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
8,127
16,272
Cash at bank and in hand
83
128
8,210
16,400
Creditors: amounts falling due within one year
4
(8,109)
(9,684)
Net current assets
101
6,716
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1
6,616
Total equity
101
6,716

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 25 April 2025 and are signed on its behalf by:
Mr M G Hawthorne
Director
CLEARER RETIREMENT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 2 -
1
Accounting policies
Company information

Clearer Retirement Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 10 Upper Grosvenor Road, Tunbridge Wells, England, TN1 2EP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company is not going to continue trading in the next twelve months. However, in the opinion of the director, there would be no material difference to the financial statements if they were prepared on any other basis. The director therefore continues to use the going concern basis in these financial statements.

1.3
Turnover

Turnover represents amounts receivable for specialist consultancy services, excluding valued added tax. Turnover is recognised once the service has been provided to the customer.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
CLEARER RETIREMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 3 -
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
15,840
Other debtors
8,127
432
8,127
16,272
4
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
6,318
4,233
Other creditors
1,791
5,451
8,109
9,684
5
Directors' transactions

Included in other debtors is a loan to the directors of the company totalling £7,827 (2023 : Nil). This loan is interest free and repayable on demand.

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