Clear Links Limited 08977237 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true false false true true 08977237 2023-09-01 2024-08-31 08977237 2024-08-31 08977237 bus:OrdinaryShareClass1 2024-08-31 08977237 core:RetainedEarningsAccumulatedLosses 2024-08-31 08977237 core:ShareCapital 2024-08-31 08977237 core:SharePremium 2024-08-31 08977237 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 08977237 bus:SmallEntities 2023-09-01 2024-08-31 08977237 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 08977237 bus:FilletedAccounts 2023-09-01 2024-08-31 08977237 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08977237 bus:RegisteredOffice 2023-09-01 2024-08-31 08977237 bus:Director1 2023-09-01 2024-08-31 08977237 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 08977237 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08977237 bus:Agent1 2023-09-01 2024-08-31 08977237 core:Subsidiary1 2023-09-01 2024-08-31 08977237 core:Subsidiary1 1 2023-09-01 2024-08-31 08977237 core:Subsidiary1 countries:England 2023-09-01 2024-08-31 08977237 core:Subsidiary2 2023-09-01 2024-08-31 08977237 core:Subsidiary2 1 2023-09-01 2024-08-31 08977237 core:Subsidiary2 countries:England 2023-09-01 2024-08-31 08977237 1 2023-09-01 2024-08-31 08977237 countries:England 2023-09-01 2024-08-31 08977237 core:CostValuation 2023-08-31 08977237 2022-09-01 2023-08-31 08977237 2023-08-31 08977237 bus:OrdinaryShareClass1 2023-08-31 08977237 core:RetainedEarningsAccumulatedLosses 2023-08-31 08977237 core:ShareCapital 2023-08-31 08977237 core:SharePremium 2023-08-31 08977237 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 08977237 core:Subsidiary1 1 2022-09-01 2023-08-31 08977237 core:Subsidiary2 1 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08977237

Clear Links Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Clear Links Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

Clear Links Limited

Company Information

Director

L O O'Murchu

Registered office

Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

Accountants

MMO Limited
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Clear Links Limited
for the Year Ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Clear Links Limited for the year ended 31 August 2024 as set out on pages 3 to 7 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 at
http://www.icaew.com/regulation.

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

It is your duty to ensure that Clear Links Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Clear Links Limited. You consider that Clear Links 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 accounts of Clear Links 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 accounts.

......................................

MMO Limited
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

29 May 2025

 

Clear Links Limited

(Registration number: 08977237)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

1,245,351

1,245,351

Current assets

 

Cash at bank and in hand

 

13

13

Creditors: Amounts falling due within one year

5

(69)

(69)

Net current liabilities

 

(56)

(56)

Net assets

 

1,245,295

1,245,295

Capital and reserves

 

Called up share capital

6

100

100

Share premium reserve

1,245,151

1,245,151

Retained earnings

44

44

Shareholders' funds

 

1,245,295

1,245,295

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 May 2025
 

.........................................
L O O'Murchu
Director

 

Clear Links Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN
England

The principal place of business is:
The Portergate
257 Ecclesall Road
Sharrow
Sheffield
S11 8NX

These financial statements were authorised for issue by the director on 29 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

All figures are presented in British Sterling, which is the functional currency of the company, and are rounded to the nearest £1.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Clear Links Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Clear Links Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Investments

2024
£

2023
£

Investments in subsidiaries

1,245,351

1,245,351

Subsidiaries

£

Cost or valuation

At 1 September 2023

1,245,351

Provision

Carrying amount

At 31 August 2024

1,245,351

At 31 August 2023

1,245,351

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Clear Links Technologies Limited

Wellesley House, 204 London Road, Waterlooville, PO7 7AN

England

Ordinary Shares

100%

100%

Clear Links Support Limited

Wellesley House, 204 London Road, Waterlooville, PO7 7AN

England

Ordinary Shares

100%

100%

 

Clear Links Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Subsidiary undertakings

Clear Links Technologies Limited

The principal activity of Clear Links Technologies Limited is the provision of human resources..

Clear Links Support Limited

The principal activity of Clear Links Support Limited is the provision of human resources..

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

69

69

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

       

7

Parent and ultimate parent undertaking

The company's immediate parent is ClearLinks Holdings Limited, incorporated in England.

 The ultimate parent is The Clear Links Group Limited, incorporated in England.