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REGISTERED NUMBER: 15098266 (England and Wales)















CLEARSOUND HOLDING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

27 AUGUST 2023 TO 31 AUGUST 2024






CLEARSOUND HOLDING LIMITED (REGISTERED NUMBER: 15098266)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 27 AUGUST 2023 TO 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


CLEARSOUND HOLDING LIMITED

COMPANY INFORMATION
FOR THE PERIOD 27 AUGUST 2023 TO 31 AUGUST 2024







DIRECTORS: T J Clark
Mrs L Clark





REGISTERED OFFICE: 26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT





REGISTERED NUMBER: 15098266 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT

CLEARSOUND HOLDING LIMITED (REGISTERED NUMBER: 15098266)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 433
Investments 5 2,021,179
2,021,612

CURRENT ASSETS
Debtors 6 62,272
Cash at bank 8,057
70,329
CREDITORS
Amounts falling due within one year 7 272,169
NET CURRENT LIABILITIES (201,840 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,819,772

CREDITORS
Amounts falling due after more than one year 8 1,809,294
NET ASSETS 10,478

CAPITAL AND RESERVES
Called up share capital 10 100
Retained earnings 10,378
SHAREHOLDERS' FUNDS 10,478

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 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.

CLEARSOUND HOLDING LIMITED (REGISTERED NUMBER: 15098266)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by:




T J Clark - Director



Mrs L Clark - Director


CLEARSOUND HOLDING LIMITED (REGISTERED NUMBER: 15098266)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 27 AUGUST 2023 TO 31 AUGUST 2024

1. STATUTORY INFORMATION

Clearsound Holding 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Clearsound Holding Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


CLEARSOUND HOLDING LIMITED (REGISTERED NUMBER: 15098266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 27 AUGUST 2023 TO 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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 period was 2 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 499
At 31 August 2024 499
DEPRECIATION
Charge for period 66
At 31 August 2024 66
NET BOOK VALUE
At 31 August 2024 433

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 2,021,179
At 31 August 2024 2,021,179
NET BOOK VALUE
At 31 August 2024 2,021,179

6. DEBTORS
£   
Amounts falling due within one year:
Other debtors 36,760

Amounts falling due after more than one year:
Amounts owed by group undertakings 25,512

Aggregate amounts 62,272

CLEARSOUND HOLDING LIMITED (REGISTERED NUMBER: 15098266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 27 AUGUST 2023 TO 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security (750 )
Other creditors 272,919
272,169

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Amounts owed to group undertakings 325,364
Other creditors 1,483,930
1,809,294

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 409,889

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Other loans 1,747,988

Other loans includes a fixed and floating charge registered by a supplier.

10. CALLED UP SHARE CAPITAL

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

100 Ordinary shares of £1 were issued during the period for cash of £ 100 .