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REGISTERED NUMBER: 00664879 (England and Wales)















CLEARWATER PROPERTY COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022






CLEARWATER PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00664879)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

CLEARWATER PROPERTY COMPANY LIMITED

COMPANY INFORMATION
for the year ended 31 July 2022







Director: G R Hall





Registered office: Kenbury
Hamm Court
Weybridge
Surrey
KT13 8YA





Registered number: 00664879 (England and Wales)





Accountants: JPS Accountancy Limited
Chartered Accountants
Thorncroft Manor
Thorncroft Drive
Leatherhead
Surrey
KT22 8JB

CLEARWATER PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00664879)

BALANCE SHEET
31 July 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 20,000 20,000
Investment property 6 3,044,608 3,234,608
3,064,608 3,254,608

CURRENT ASSETS
Debtors 7 3,975,009 3,451,333
Cash at bank 7,663 64,544
3,982,672 3,515,877
CREDITORS
Amounts falling due within one year 8 (633,148 ) (449,503 )
NET CURRENT ASSETS 3,349,524 3,066,374
TOTAL ASSETS LESS CURRENT LIABILITIES 6,414,132 6,320,982

CREDITORS
Amounts falling due after more than one year 9 (48,333 ) (58,333 )

PROVISIONS FOR LIABILITIES (296,000 ) (314,000 )
NET ASSETS 6,069,799 5,948,649

CLEARWATER PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00664879)

BALANCE SHEET - continued
31 July 2022

2022 2021
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 114,333 114,333
Retained earnings 5,955,466 5,834,316
6,069,799 5,948,649

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 June 2025 and were signed by:





G R Hall - Director


CLEARWATER PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00664879)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2022


1. STATUTORY INFORMATION

Clearwater Property Company 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention unless otherwise stated below.

The financial statements are prepared on a going concern basis. This is considered appropriate by the director on the basis that he anticipates the company will be profitable for the foreseeable future and will generate sufficient cash inflow to meet its liabilities as they fall due.

Turnover
Turnover represents rental income and proceeds from the sale of lease extensions.

Rent free periods or other incentives provided for entering into a lease are accounted for over the period of the lease so as to spread the benefit received over the lease term or, if shorter, the period ending when prevailing market rentals will become receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at valuation as at the balance sheet date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. 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.

CLEARWATER PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00664879)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2022


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 4 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
Cost
At 1 August 2021
and 31 July 2022 5,103
Depreciation
At 1 August 2021
and 31 July 2022 5,103
Net book value
At 31 July 2022 -
At 31 July 2021 -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost
At 1 August 2021
and 31 July 2022 20,000
Net book value
At 31 July 2022 20,000
At 31 July 2021 20,000

CLEARWATER PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00664879)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2022


6. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 August 2021 3,234,608
Disposals (190,000 )
At 31 July 2022 3,044,608
Net book value
At 31 July 2022 3,044,608
At 31 July 2021 3,234,608

Fair value at 31 July 2022 is represented by:
£   
Valuation in 2022 3,044,608

If the investment property had not been revalued it would have been included at the following historical cost:

2022 2021
£    £   
Cost 540,320 547,142

The investment property was valued on an open market basis on 31 July 2022 by G Hall, the director of the company .

7. DEBTORS
2022 2021
£    £   
Amounts falling due within one year:
Other debtors 3,091,623 2,696,385

Amounts falling due after more than one year:
Other debtors 883,386 754,948

Aggregate amounts 3,975,009 3,451,333

CLEARWATER PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00664879)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2022


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 63,593 61,959
Taxation and social security 519,774 339,865
Other creditors 39,781 37,679
633,148 449,503

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 28,333 38,333
Amounts owed to group undertakings 20,000 20,000
48,333 58,333

The amounts owed to group undertakings represents an amount owed to Residential Rentals Limited, a wholly owned subsidiary.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2022 and 31 July 2021:

2022 2021
£    £   
G R Hall
Balance outstanding at start of year 2,682,248 2,376,960
Amounts advanced 395,020 305,288
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,077,268 2,682,248

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CLEARWATER PROPERTY COMPANY LIMITED


The following reproduces the text of the report prepared for the director 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 Income Statement and certain other primary statements and the Report of the Director 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 Clearwater Property Company Limited for the year ended 31 July 2022 which comprise the Profit and loss account, Balance Sheet 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 director of Clearwater Property Company Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Clearwater Property Company Limited and state those matters that we have agreed to state to the director of Clearwater Property Company Limited 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 Clearwater Property Company Limited and its director for our work or for this report.

It is your duty to ensure that Clearwater Property Company 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 Clearwater Property Company Limited. You consider that Clearwater Property Company 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 Clearwater Property Company 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.






JPS Accountancy Limited
Chartered Accountants
Thorncroft Manor
Thorncroft Drive
Leatherhead
Surrey
KT22 8JB


18 June 2025