Company Registration No. 11843101 (England and Wales)
Clearview Developments (Holdings) Limited
Filleted unaudited accounts
for the year ended 31 March 2024
Clearview Developments (Holdings) Limited
Filleted unaudited accounts
Contents
Clearview Developments (Holdings) Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
6,086
6,086
Creditors: amounts falling due within one year
(230,878)
(315,878)
Net current liabilities
(1,372)
(1,372)
Net liabilities
(1,272)
(1,272)
Called up share capital
100
100
Profit and loss account
(1,372)
(1,372)
Shareholders' funds
(1,272)
(1,272)
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 9 June 2025 and were signed on its behalf by
Jason Tema
Director
Company Registration No. 11843101
Clearview Developments (Holdings) Limited
Notes to the Accounts
for the year ended 31 March 2024
Clearview Developments (Holdings) Limited is a private company, limited by shares, registered in England and Wales, registration number 11843101. The registered office is 4th Floor, 95 Gresham Street, London, EC2V 7AB, United Kingdom.
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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.
The accounts are presented in £ sterling.
The company and its subsidiary form a small group. The company is therefore not required to produce consolidated financial statements and has not done so. These financial statements present information about the company as a single entity.
Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any accumulated impairment losses.
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like debtors, creditors and investments in non-puttable ordinary shares.
Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Clearview Developments (Holdings) Limited
Notes to the Accounts
for the year ended 31 March 2024
Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
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Investments
Subsidiary undertakings
Valuation at 1 April 2023
100
Valuation at 31 March 2024
100
Amounts falling due within one year
Amounts due from group undertakings etc.
86,823
86,823
Other debtors
136,597
221,597
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Creditors: amounts falling due within one year
2024
2023
Taxes and social security
73
73
Other creditors
12,405
12,405
Loans from directors
218,400
303,400
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Transactions with related parties
Included in creditors due within one year is a balance of £218,400 (2023: £303,400) owed to the director. This loan is interest-free and has no fixed repayment term.
Included within the investment companies are loans for which Clearview Developments (Holdings) Limited is acting as a guarantor.
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Average number of employees
During the year the average number of employees was 0 (2023: 0).