Company Registration No. 07689757 (England and Wales)
Clear Collective Ltd
Unaudited accounts
for the year ended 31 December 2024
Clear Collective Ltd
Unaudited accounts
Contents
Clear Collective Ltd
Company Information
for the year ended 31 December 2024
Directors
Fraser William Stride
Christopher Andrew Thompson
Company Number
07689757 (England and Wales)
Registered Office
The Phoenix Yard
5-9 Upper Brown Street
Leicester
Leicestershire
LE1 5TE
Clear Collective Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
1,105,479
1,110,750
Cash at bank and in hand
18,836
882
Creditors: amounts falling due within one year
(241,057)
(767,936)
Net current (liabilities)/assets
(18,249)
102,571
Total assets less current liabilities
1,087,240
1,213,331
Creditors: amounts falling due after more than one year
(1,286,666)
(1,055,098)
Provisions for liabilities
Net (liabilities)/assets
(199,426)
157,232
Called up share capital
10
10
Profit and loss account
(199,436)
157,222
Shareholders' funds
(199,426)
157,232
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by
Christopher Andrew Thompson
Director
Company Registration No. 07689757
Clear Collective Ltd
Notes to the Accounts
for the year ended 31 December 2024
Clear Collective Ltd is a private company, limited by shares, registered in England and Wales, registration number 07689757. The registered office is The Phoenix Yard, 5-9 Upper Brown Street, Leicester, Leicestershire, LE1 5TE.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Motor vehicles
Straight Line - Individual rates
Fixtures & fittings
Straight Line - 10 Years
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2024
1,105,479
72,275
1,177,754
Disposals
-
(72,275)
(72,275)
At 31 December 2024
1,105,479
-
1,105,479
At 1 January 2024
-
67,004
67,004
On disposals
-
(67,004)
(67,004)
At 31 December 2024
1,105,479
-
1,105,479
At 31 December 2023
1,105,479
5,271
1,110,750
5
Investments
Subsidiary undertakings
Valuation at 1 January 2024
10
Valuation at 31 December 2024
10
Clear Collective Ltd
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
1,250
1,500
Accrued income and prepayments
187,626
21,218
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
81,667
51,582
Trade creditors
119,023
21,975
Amounts owed to group undertakings and other participating interests
39,132
82,532
Taxes and social security
-
(406)
Loans from directors
-
11,030
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,286,666
1,055,098
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).