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REGISTERED NUMBER: 06784131 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CLEARVIEW FINANCIAL MEDIA LIMITED

CLEARVIEW FINANCIAL MEDIA LIMITED (REGISTERED NUMBER: 06784131)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


CLEARVIEW FINANCIAL MEDIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P J Harris
S R Harris
H G D Chamberlain
H B Weatherill





SECRETARY: M T Zieleniewski





REGISTERED OFFICE: 505 Pinner Road
Harrow
Middlesex
HA2 6EH





REGISTERED NUMBER: 06784131 (England and Wales)





ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CLEARVIEW FINANCIAL MEDIA LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clearview Financial Media Limited for the year ended 31 March 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Clearview Financial Media Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Clearview Financial Media Limited and state those matters that we have agreed to state to the Board of Directors of Clearview Financial Media Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clearview Financial Media Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Clearview Financial Media Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Clearview Financial Media Limited. You consider that Clearview Financial Media Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Clearview Financial Media Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


15 May 2025

CLEARVIEW FINANCIAL MEDIA LIMITED (REGISTERED NUMBER: 06784131)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,083 1,545
1,083 1,545

CURRENT ASSETS
Debtors 6 1,132,631 1,115,452
Cash at bank 295,410 348,194
1,428,041 1,463,646
CREDITORS
Amounts falling due within one year 7 1,026,570 1,084,565
NET CURRENT ASSETS 401,471 379,081
TOTAL ASSETS LESS CURRENT
LIABILITIES

402,554

380,626

CREDITORS
Amounts falling due after more than one
year

8

(177,837

)

(311,260

)

PROVISIONS FOR LIABILITIES 10 (386 ) (386 )
NET ASSETS 224,331 68,980

CAPITAL AND RESERVES
Called up share capital 11 800 800
Share premium 12 99,998 99,998
Retained earnings 12 123,533 (31,818 )
SHAREHOLDERS' FUNDS 224,331 68,980

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

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

CLEARVIEW FINANCIAL MEDIA LIMITED (REGISTERED NUMBER: 06784131)

BALANCE SHEET - continued
31 MARCH 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by:





S R Harris - Director


CLEARVIEW FINANCIAL MEDIA LIMITED (REGISTERED NUMBER: 06784131)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Clearview Financial Media 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.

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.

Turnover
Turnover represents subscription and advertising income, excluding VAT and discounts, which is recognised on an accrual basis.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 30% 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.

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 FINANCIAL MEDIA LIMITED (REGISTERED NUMBER: 06784131)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Interest receivable and interest payable
Interest receivable and interest payable are recognised in profit or loss as they accrue, using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 495,952
AMORTISATION
At 1 April 2023
and 31 March 2024 495,952
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 213 43,520 43,733
DEPRECIATION
At 1 April 2023 198 41,990 42,188
Charge for year 3 459 462
At 31 March 2024 201 42,449 42,650
NET BOOK VALUE
At 31 March 2024 12 1,071 1,083
At 31 March 2023 15 1,530 1,545

CLEARVIEW FINANCIAL MEDIA LIMITED (REGISTERED NUMBER: 06784131)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 332,254 292,282
Other debtors - 6,980
Directors' current accounts 515,776 491,396
Tax 169,234 161,769
Prepayments 115,367 163,025
1,132,631 1,115,452

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 16,919 15,905
Trade creditors 42,897 67,776
Tax 145,310 163,148
Social security and other taxes 73,971 178,663
VAT 15,370 22,825
Other creditors 4,500 -
Pension liability 2,040 2,015
Directors' current accounts 300 -
Deferred income 720,263 629,233
Accrued expenses 5,000 5,000
1,026,570 1,084,565

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 40,452 57,371
Other loans (see note 9) 124,891 241,395
Directors' loan accounts 12,494 12,494
177,837 311,260

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 16,919 15,905

Amounts falling due between one and two years:
Bank loans - 1-2 years 17,998 16,919
Other loans - 1-2 years 124,891 241,395
142,889 258,314

CLEARVIEW FINANCIAL MEDIA LIMITED (REGISTERED NUMBER: 06784131)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. LOANS - continued
2024 2023
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 22,454 40,452

The other loans are repayable with interest rate of 12% per annum, with no specific terms of repayment.

The company entered into a Coronavirus Business Interruption Loan for £100,000 agreement with HSBC Group. The loan term is 7 years. The interest rate is fixed at 6.2 per cent per annum. The loan is 80% guaranteed by HM Government and 12 months of interest paid by HM Government.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 386 386

Deferred
tax
£   
Balance at 1 April 2023 386
Movement in the year
Balance at 31 March 2024 386

11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
800 Share capital 1 £1 800 800

12. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2023 (31,818 ) 99,998 68,180
Profit for the year 155,351 155,351
At 31 March 2024 123,533 99,998 223,531

CLEARVIEW FINANCIAL MEDIA LIMITED (REGISTERED NUMBER: 06784131)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the company made payments to Mr V K Das of £102,061 (2023: £101,187 ) , who was a director of the company for the additional services and software licences provided by him at arm's length.

Included in debtors amounts falling due within one year are overdrawn directors' current accounts:

Directors:31/03/2431/03/23
££

Mr S R Harris219,538200,177
Mr P J Harris296,237291,220
515,775491,397


Included in creditors amounts falling due after one year are directors' loans:

Directors:31/03/2431/03/23
££

Mr S R Harris--
Mr P J Harris12,49412,494
12,49412,494

Overdrawn director loan balances are subject to interest of 2.5% per annum.

Included in creditors amounts falling due after more than one year are loans of £64,845 (2023: £87,011) due to S Weatherhill. The loan is repayable with interest rate of 12% per annum, with no specific terms of repayment.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are Mr S R Harris and Mr P J Harris as together they hold majority of the issued share capital of the company.