| REGISTERED NUMBER: |
| Report of the Members and |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| Clarity SMC Limited Liability |
| Partnership |
| REGISTERED NUMBER: |
| 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 |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| 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: |
| Clarity SMC Limited Liability |
| Partnership (Registered number: OC323247) |
| Income Statement |
| for the year ended 31 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| TURNOVER |
| Administrative expenses |
| OPERATING LOSS | 4 | ( |
) | ( |
) |
| Interest receivable and similar income |
| 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 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
9 |
| NET CURRENT ASSETS |
| 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 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 were approved by the members of the LLP and authorised for issue on |
| 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 |
| 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 |
| 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 |
| Plant and machinery | - |
| Computer equipment | - |
| 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 |
| 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 |
| AMORTISATION |
| At 1 April 2024 |
| and 31 March 2025 |
| 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 |
| DEPRECIATION |
| At 1 April 2024 |
| and 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other debtors |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other creditors |
| 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. |