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Company Registration No. 11543997 (England and Wales)
Clear Bridge Group Limited Unaudited accounts for the year ended 31 August 2024
Clear Bridge Group Limited Unaudited accounts Contents
Page
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Clear Bridge Group Limited Company Information for the year ended 31 August 2024
Director
Alexander Robert Hayward
Company Number
11543997 (England and Wales)
Registered Office
89 HALLOWELL ROAD NORTHWOOD HA6 1DY UNITED KINGDOM
Accountants
Douglas Collier Ltd 10 Village Way Pinner Middlesex HA5 5AF
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Clear Bridge Group Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
609 
385 
Investment property
100,000 
100,000 
100,609 
100,385 
Current assets
Debtors
62,201 
75,565 
Cash at bank and in hand
65,784 
71,150 
127,985 
146,715 
Creditors: amounts falling due within one year
(49,084)
(68,596)
Net current assets
78,901 
78,119 
Total assets less current liabilities
179,510 
178,504 
Provisions for liabilities
Deferred tax
(152)
(102)
Net assets
179,358 
178,402 
Capital and reserves
Called up share capital
200 
200 
Revaluation reserve
(7,518)
(7,518)
Profit and loss account
186,676 
185,720 
Shareholders' funds
179,358 
178,402 
For the year ending 31 August 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 November 2024 and were signed on its behalf by
Alexander Robert Hayward Director Company Registration No. 11543997
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Clear Bridge Group Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Clear Bridge Group Limited is a private company, limited by shares, registered in England and Wales, registration number 11543997. The registered office is 89 HALLOWELL ROAD, NORTHWOOD, HA6 1DY, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.3% per annum on a straight line basis
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains and losses are taken to a non-distributable revaluation reserve. Deferred taxation is provided on any gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Clear Bridge Group Limited Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2023
2,305 
Additions
624 
At 31 August 2024
2,929 
Depreciation
At 1 September 2023
1,920 
Charge for the year
400 
At 31 August 2024
2,320 
Net book value
At 31 August 2024
609 
At 31 August 2023
385 
5
Investment property
2024 
£ 
Fair value at 1 September 2023
100,000 
At 31 August 2024
100,000 
The director, a member of the Royal Institute of Chartered Surveyors, has estimated the open market value of the property as at the end of the accounting period, based on local market conditions.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
42,982 
53,832 
Other debtors
19,219 
21,733 
62,201 
75,565 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
11,484 
14,321 
Trade creditors
1,591 
- 
Taxes and social security
33,975 
52,912 
Accruals
2,034 
1,363 
49,084 
68,596 
8
Average number of employees
During the year the average number of employees was 1 (2023: 0).
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