CLEAR MORTGAGES (NW) LTD

Company Registration Number:
12798323 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

CLEAR MORTGAGES (NW) LTD

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Notes

CLEAR MORTGAGES (NW) LTD

Balance sheet

As at 31 August 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 55,093 68,866
Total fixed assets: 55,093 68,866
Current assets
Debtors:   18,932 15,422
Cash at bank and in hand: 154,937 88,853
Total current assets: 173,869 104,275
Creditors: amounts falling due within one year: 4 (30,671) (95,928)
Net current assets (liabilities): 143,198 8,347
Total assets less current liabilities: 198,291 77,213
Creditors: amounts falling due after more than one year: 5 (43,970) (47,993)
Total net assets (liabilities): 154,321 29,220
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 154,320 29,219
Shareholders funds: 154,321 29,220

The notes form part of these financial statements

CLEAR MORTGAGES (NW) LTD

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 May 2025
and signed on behalf of the board by:

Name: Mr Ian Loynds
Status: Director

The notes form part of these financial statements

CLEAR MORTGAGES (NW) LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is derived from the principal activity of Mortgage Brokers

Tangible fixed assets and depreciation policy

Depreciation is charged at 20 per cent per annum

CLEAR MORTGAGES (NW) LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

2. Employees

2024 2023
Average number of employees during the period 6 6

CLEAR MORTGAGES (NW) LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible Assets

Total
Cost £
At 01 September 2023 107,603
At 31 August 2024 107,603
Depreciation
At 01 September 2023 38,737
Charge for year 13,773
At 31 August 2024 52,510
Net book value
At 31 August 2024 55,093
At 31 August 2023 68,866

CLEAR MORTGAGES (NW) LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Creditors: amounts falling due within one year note

Trade Creditors £13,654, Taxation £7,310, Loan £4,009, Other Creditors £5,698.

CLEAR MORTGAGES (NW) LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Creditors: amounts falling due after more than one year note

Loan £43,970