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REGISTERED NUMBER: OC323247 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Clarity SMC Limited Liability
Partnership

Clarity SMC Limited Liability
Partnership (Registered number: OC323247)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Clarity SMC Limited Liability
Partnership

General Information
for the year ended 31 March 2025







DESIGNATED MEMBERS: A P Hoble
R J Kemp





REGISTERED OFFICE: 92 Forest Road
Richmond
Surrey
TW9 3BZ





REGISTERED NUMBER: OC323247 (England and Wales)





ACCOUNTANTS: WILSHERS DEJ
10-11 Heathfield Terrace
London
W4 4JE

Clarity SMC Limited Liability
Partnership (Registered number: OC323247)

Report of the Members
for the year ended 31 March 2025

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of research and consulting services.

DESIGNATED MEMBERS
The designated members during the year under review were:

A P Hoble
R J Kemp

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £3,573 (2024 - £5,424 loss).

MEMBERS' INTERESTS

POLICY ON MEMBERS' DRAWINGS
The members' drawing policy allows each member to draw a proportion of their profit share, subject to the cash requirements of the business.

A member's capital requirement is linked to their share of profit and the financing requirement of the limited liability partnership. There is no opportunity for appreciation of the capital subscribed.

ON BEHALF OF THE MEMBERS:





R J Kemp - Designated member


1 August 2025

Clarity SMC Limited Liability
Partnership (Registered number: OC323247)

Income Statement
for the year ended 31 March 2025

2025 2024
Notes £    £   

TURNOVER 470 -

Administrative expenses 4,044 5,425
OPERATING LOSS 4 (3,574 ) (5,425 )

Interest receivable and similar
income

1

1
LOSS FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION AND
PROFIT SHARES


(3,573


)


(5,424


)

LOSS FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION AND
PROFIT SHARES


(3,573


)


(5,424


)

Members' remuneration charged
as an expense

5

3,573

5,424
PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


-


-

Clarity SMC Limited Liability
Partnership (Registered number: OC323247)

Balance Sheet
31 March 2025

2025 2024
Notes £    £   
CURRENT ASSETS
Debtors 8 10 126
Cash at bank 583 438
593 564
CREDITORS
Amounts falling due within one
year

9

317

315
NET CURRENT ASSETS 276 249
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

276

249

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

276

249

TOTAL MEMBERS' INTERESTS
Loans and other debts due to
members

10

276

249

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2025.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 1 August 2025 and were signed by:



R J Kemp - Designated member

Clarity SMC Limited Liability
Partnership (Registered number: OC323247)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Clarity SMC Limited Liability Partnership is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Patents
Patents are valued at cost less accumulated depreciation. Amortisation is calculated to write the cost off in 10 years, being the economic useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Computer equipment - 33% on cost

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2024 - NIL).

4. OPERATING LOSS

The operating loss is stated after charging:

2025 2024
£    £   
Depreciation - owned assets - 747

5. INFORMATION IN RELATION TO MEMBERS
2025 2024
£    £   
Members' remuneration charged as an expense
Automatic division of loss (3,573 ) (5,424 )

Clarity SMC Limited Liability
Partnership (Registered number: OC323247)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

6. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 April 2024
and 31 March 2025 7,929
AMORTISATION
At 1 April 2024
and 31 March 2025 7,929
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

7. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2024
and 31 March 2025 5,949 12,900 18,849
DEPRECIATION
At 1 April 2024
and 31 March 2025 5,949 12,900 18,849
NET BOOK VALUE
At 31 March 2025 - - -
At 31 March 2024 - - -

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 10 126

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other creditors 317 315

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to ordinary creditors in a winding up.