| REGISTERED NUMBER: |
| Financial Statements |
| for the Period 1 June 2024 to 31 March 2025 |
| for |
| Clear Stream Technology Ltd |
| REGISTERED NUMBER: |
| Financial Statements |
| for the Period 1 June 2024 to 31 March 2025 |
| for |
| Clear Stream Technology Ltd |
| Clear Stream Technology Ltd (Registered number: 05685709) |
| Contents of the Financial Statements |
| for the Period 1 June 2024 to 31 March 2025 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Clear Stream Technology Ltd |
| Company Information |
| for the Period 1 June 2024 to 31 March 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chancery House |
| 30 St Johns Road |
| Woking |
| Surrey |
| GU21 7SA |
| Clear Stream Technology Ltd (Registered number: 05685709) |
| Statement of Financial Position |
| 31 March 2025 |
| 31/3/25 | 31/5/24 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 12 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| Clear Stream Technology Ltd (Registered number: 05685709) |
| Statement of Financial Position - continued |
| 31 March 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Clear Stream Technology Ltd (Registered number: 05685709) |
| Notes to the Financial Statements |
| for the Period 1 June 2024 to 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Clear Stream Technology Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The company balance sheet is currently showing a net current liabilities position. The financial statements have been prepared on a going concern basis on the basis that the directors have considered the most recent management accounts and forecasts and are confident that the company will continue to be able to settle its liabilities as they fall due. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Clear Stream Technology Ltd (Registered number: 05685709) |
| Notes to the Financial Statements - continued |
| for the Period 1 June 2024 to 31 March 2025 |
| 3. | ACCOUNTING POLICIES - continued |
| Tangible fixed assets |
| Fixed assets are stated at cost, net of depreciation and any provision for impairment. |
| Depreciation is provided on all tangible fixed assets at rates calculated to write each asset down to its estimate residual value on a straight line basis over its expected useful life, as follows:- |
| Freehold land is not depreciated |
| Freehold property - 2.5% on cost |
| Plant and machinery - 33% on cost and 10% on cost |
| Computer equipment - 33% on cost |
| Residual value is calculated on prices prevailing at the reporting date, after estimated costs of disposal, for the asset as if it were at the age and in the condition expected at the end of its useful life. |
| Revaluation of properties |
| Properties whose fair value can be measured reliably are held under the revaluation model and carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent impairment losses. The fair value of the land and buildings is usually considered to be their market value. |
| Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity, such gains and loss are recognised in profit or loss. |
| Impairment of fixed assets |
| Fixed assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable or as otherwise required by relevant accounting standards. |
| Shortfalls between the carrying value of fixed assets and their recoverable amounts, being the higher of net realisable value and value-in-use, are recognised as impairments. Impairment losses are recognised in the profit and loss account. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Clear Stream Technology Ltd (Registered number: 05685709) |
| Notes to the Financial Statements - continued |
| for the Period 1 June 2024 to 31 March 2025 |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 5. | TANGIBLE FIXED ASSETS |
| Freehold | Plant and | Computer |
| property | machinery | equipment | Totals |
| £ | £ | £ | £ |
| Cost or valuation |
| At 1 June 2024 |
| Additions |
| Revaluations |
| At 31 March 2025 |
| Depreciation |
| At 1 June 2024 |
| Charge for period |
| At 31 March 2025 |
| Net book value |
| At 31 March 2025 |
| At 31 May 2024 |
| If freehold land and buildings had not been revalued they would have been included at the following historical | cost: |
| 31/03/25 | 31/05/24 |
| £ | £ |
| Cost | 1,434,917 | 1,142,591 |
| Aggregate depreciation | 501,975 | 486,826 |
| Freehold land and buildings were valued on an open market basis on 31 March 2025 by the directors. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/3/25 | 31/5/24 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Clear Stream Technology Ltd (Registered number: 05685709) |
| Notes to the Financial Statements - continued |
| for the Period 1 June 2024 to 31 March 2025 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/3/25 | 31/5/24 |
| £ | £ |
| Bank loans and overdrafts (see note 9) |
| Hire purchase contracts (see note 10) |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31/3/25 | 31/5/24 |
| £ | £ |
| Bank loans (see note 9) |
| Hire purchase contracts (see note 10) |
| Amounts owed to group undertakings |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal |
| 9. | LOANS |
| An analysis of the maturity of loans is given below: |
| 31/3/25 | 31/5/24 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank loans |
| Other loans |
| Amounts falling due between one and two years: |
| Bank loans - 1-2 years |
| Other loans - 1-2 years |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| Other loans - 2-5 years |
| Amounts falling due in more than five years: |
| Clear Stream Technology Ltd (Registered number: 05685709) |
| Notes to the Financial Statements - continued |
| for the Period 1 June 2024 to 31 March 2025 |
| 9. | LOANS - continued |
| 31/3/25 | 31/5/24 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal |
| Bank loans are secured by a charge over the company freehold property together with a floating charge over other assets of the company. |
| Other loans are secured by a debenture on the parent undertaking and a secondary charge over the assets of the company, excluding the property. |
| Hire purchase and finance leases are secured over the asset concerned. |
| 10. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase contracts |
| 31/3/25 | 31/5/24 |
| £ | £ |
| Gross obligations repayable: |
| Within one year |
| Between one and five years |
| Finance charges repayable: |
| Within one year |
| Between one and five years |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable operating | leases |
| 31/3/25 | 31/5/24 |
| £ | £ |
| Within one year |
| Between one and five years |
| 11. | PROVISIONS FOR LIABILITIES |
| 31/3/25 | 31/5/24 |
| £ | £ |
| Deferred tax |
| Clear Stream Technology Ltd (Registered number: 05685709) |
| Notes to the Financial Statements - continued |
| for the Period 1 June 2024 to 31 March 2025 |
| 11. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Balance at 1 June 2024 |
| Utilised during period | ( |
) |
| Balance at 31 March 2025 |
| 12. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 June 2024 |
| Property revaluation |
| Transfer between reserves | ( |
) |
| At 31 March 2025 |
| 13. | ULTIMATE CONTROLLING PARTY |
| The company is wholly owned and controlled by Clear Stream Technology Group Limited, a company registered in England and Wales and in which P Webb, director, holds a majority shareholding. |