| REGISTERED NUMBER: |
| CLEARWATER PROPERTY COMPANY LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2022 |
| REGISTERED NUMBER: |
| 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: |
| Registered office: |
| Registered number: |
| Accountants: |
| 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 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 9 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CLEARWATER PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00664879) |
| BALANCE SHEET - continued |
| 31 July 2022 |
| 2022 | 2021 |
| Notes | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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 were approved by the director and authorised for issue on |
| 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 |
| 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 |
| Office equipment | - |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Office |
| equipment |
| £ |
| Cost |
| At 1 August 2021 |
| and 31 July 2022 |
| Depreciation |
| At 1 August 2021 |
| and 31 July 2022 |
| 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 |
| Net book value |
| At 31 July 2022 |
| At 31 July 2021 |
| 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 |
| Disposals | ( |
) |
| At 31 July 2022 |
| Net book value |
| At 31 July 2022 |
| At 31 July 2021 |
| 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 |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 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 |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Bank loans |
| Amounts owed to group undertakings |
| 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 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 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. |
| Chartered Accountants |
| Thorncroft Manor |
| Thorncroft Drive |
| Leatherhead |
| Surrey |
| KT22 8JB |