IRIS Accounts Production v25.2.0.378 04643620 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false false true false Ordinary 0.01000 Ordinary B - Non voting 0.01000 Ordinary C - Non voting 0.01000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 04643620 2024-03-31 04643620 2025-03-31 04643620 2024-04-01 2025-03-31 04643620 2023-03-31 04643620 2023-04-01 2024-03-31 04643620 2024-03-31 04643620 ns15:EnglandWales 2024-04-01 2025-03-31 04643620 ns14:PoundSterling 2024-04-01 2025-03-31 04643620 ns10:Director1 2024-04-01 2025-03-31 04643620 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04643620 ns10:SmallEntities 2024-04-01 2025-03-31 04643620 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04643620 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 04643620 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04643620 ns10:FullAccounts 2024-04-01 2025-03-31 04643620 1 2024-04-01 2025-03-31 04643620 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 04643620 ns10:OrdinaryShareClass2 2024-04-01 2025-03-31 04643620 ns10:OrdinaryShareClass3 2024-04-01 2025-03-31 04643620 ns10:Director2 2024-04-01 2025-03-31 04643620 ns10:CompanySecretary1 2024-04-01 2025-03-31 04643620 ns10:RegisteredOffice 2024-04-01 2025-03-31 04643620 ns5:CurrentFinancialInstruments 2025-03-31 04643620 ns5:CurrentFinancialInstruments 2024-03-31 04643620 ns5:Non-currentFinancialInstruments 2025-03-31 04643620 ns5:Non-currentFinancialInstruments 2024-03-31 04643620 ns5:ShareCapital 2025-03-31 04643620 ns5:ShareCapital 2024-03-31 04643620 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 04643620 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 04643620 ns5:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 04643620 ns5:ComputerEquipment 2024-04-01 2025-03-31 04643620 ns5:ComputerSoftware 2024-03-31 04643620 ns5:ComputerSoftware 2024-04-01 2025-03-31 04643620 ns5:ComputerSoftware 2025-03-31 04643620 ns5:ComputerSoftware 2024-03-31 04643620 ns5:ComputerEquipment 2024-03-31 04643620 ns5:ComputerEquipment 2025-03-31 04643620 ns5:ComputerEquipment 2024-03-31 04643620 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 04643620 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 04643620 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2025-03-31 04643620 ns5:BetweenOneTwoYears ns5:Non-currentFinancialInstruments 2024-03-31 04643620 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-03-31 04643620 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-03-31 04643620 ns5:WithinOneYear 2025-03-31 04643620 ns5:WithinOneYear 2024-03-31 04643620 ns5:BetweenOneFiveYears 2025-03-31 04643620 ns5:BetweenOneFiveYears 2024-03-31 04643620 ns5:AllPeriods 2025-03-31 04643620 ns5:AllPeriods 2024-03-31 04643620 ns5:Secured 2025-03-31 04643620 ns5:Secured 2024-03-31 04643620 ns5:DeferredTaxation 2024-03-31 04643620 ns5:DeferredTaxation 2024-04-01 2025-03-31 04643620 ns5:DeferredTaxation 2025-03-31 04643620 ns10:OrdinaryShareClass1 2025-03-31 04643620 ns10:OrdinaryShareClass2 2025-03-31 04643620 ns10:OrdinaryShareClass3 2025-03-31

REGISTERED NUMBER: 04643620 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CLEARPEOPLE LIMITED

| CLEARPEOPLE LIMITED (REGISTERED NUMBER: 04643620) |

CONTENTS OF THE FINANCIAL STATEMENTS

For The Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| CLEARPEOPLE LIMITED |

COMPANY INFORMATION

For The Year Ended 31 March 2025

| DIRECTORS: | G A Karawani

| K Linossi

| SECRETARY: | K Linossi

| REGISTERED OFFICE: | Tower 42

| 25 Old Broad Street

| London

| EC2N 1HN

| REGISTERED NUMBER: | 04643620 (England and Wales)

| ACCOUNTANTS: | TC Group

| 1 Rushmills

| Bedford Road

| Northampton

| Northamptonshire

| NN4 7YB

| CLEARPEOPLE LIMITED (REGISTERED NUMBER: 04643620) |

BALANCE SHEET

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 2,300,594 |  | 1,847,578 |  |

Tangible assets | 5 | 5,470 |  | 8,612 |  |

2,306,064 |  | 1,856,190 |  |

CURRENT ASSETS

Debtors | 6 | 827,076 |  | 683,245 |  |

Cash at bank and in hand | 98,202 |  | 283,995 |  |

925,278 |  | 967,240 |  |

CREDITORS

Amounts falling due within one year | 7 | 2,366,815 |  | 2,448,844 |  |

NET CURRENT LIABILITIES | (1,441,537 | ) | (1,481,604 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 864,527 |  | 374,586 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (260,000 | ) | (507,500 | ) |

PROVISIONS FOR LIABILITIES | 12 | (531,633 | ) | (441,230 | ) |

NET ASSETS/(LIABILITIES) | 72,894 |  | (574,144 | ) |

CAPITAL AND RESERVES

Called up share capital | 13 | 9,700 |  | 9,700 |  |

Retained earnings | 63,194 |  | (583,844 | ) |

SHAREHOLDERS' FUNDS | 72,894 |  | (574,144 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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.

| CLEARPEOPLE LIMITED (REGISTERED NUMBER: 04643620) |

BALANCE SHEET - continued

31 March 2025

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by:

G A Karawani - Director

| CLEARPEOPLE LIMITED (REGISTERED NUMBER: 04643620) |

NOTES TO THE FINANCIAL STATEMENTS

For The Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| ClearPeople 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 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| There were no material departures from that standard.

| Functional and presentational currency

| The Company's functional and presentational currency is GBP.

| Significant judgements and estimates

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amount reported. These estimates and judgements are continually reviewed and are based on experience and other factors including expectations of future events that are believed to be reasonable under the circumstances.

| Significant judgements include those in relation to:

| - Deferred tax

| - Capitalisation of intangible fixed assets

| - The assessment of contract renewal rates in the directors' assessment of future forecasting and cash flows.

| Turnover

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

| The entity recognises revenue when (a) the significant risks and rewards of ownership have been transferred to the customer; (b) the entity retains no continuing involvement or control over the services; (c) the amount of revenue can be measured reliably and (d) it is probable that future economic benefits will flow to the entity.

| CLEARPEOPLE LIMITED (REGISTERED NUMBER: 04643620) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Intangible assets

| Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses.

| Amortisation is calculated, using the straight-line method, to allocate the depreciable amount of the assets to their residual values over their estimated useful lives, as follows:

| Computer Software - 3 years

| Amortisation is charged to Administrative expenses in the Profit and loss account on a straight line basis.

| Where factors, such as technological advancement or changes in market price, indicate that residual value or useful life have changed, the residual value, useful life or amortisation rate are amended prospectively to reflect the new circumstances.

| The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired.

| Costs associated with maintaining computer software are recognised as an expense as incurred. Development costs that are directly attributable to the design and testing of identifiable and unique software products controlled by the Company are recognised as intangible assets when the following criteria are met:

| - it is technically feasible to complete the software so that it will be available for use;

| - management intends to complete the software and use or sell it;

| - there is an ability to use or sell the software;

| - it can be demonstrated how the software will generate probable future economic benefits;

| - adequate technical, financial and other resources to complete the development and to use or sell the software are available; and

| - the expenditure attributable to the software during its development can be reliably measured.

| Other development expenditures that do not meet these criteria are recognised as an expense as incurred. Development costs previously recognised as an expense are not recognised as an asset in a subsequent period.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Computer equipment | - | 33% on cost

| Tangible fixed assets are initially recorded at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses.

| CLEARPEOPLE LIMITED (REGISTERED NUMBER: 04643620) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

| At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

| Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

| Basic financial liabilities, including trade and other payables, and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

| Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 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.

| CLEARPEOPLE LIMITED (REGISTERED NUMBER: 04643620) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Going concern

| The directors have considered their assessment of the going concern position of the company and the risks presented by the current economic environment. In their opinion they have taken all reasonable steps to mitigate these factors. The directors have reviewed current obligations and consider that the company has sufficient working capital to meet liabilities as the fall due. As at the date of authorising the accounts, and for the foreseeable future, the directors consider the going concern assumption to still be appropriate. The directors acknowledge that given the rapidly changing business and social environment, there are likely to be significant unknown factors which may present themselves. Such factors are considered by the directors to represent a general inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time.

| The directors have prepared detailed financial forecasts including cash flow forecasts, based on the results of these, they consider the company retains sufficient working capital to continue trading for the foreseeable future. In making this assessment, the directors' have included judgements relating to anticipated renewals of revenue contracts, on the basis of historical rates and experience.

| In the event that it is required the directors have undertaken to provide financial support to the company in relation to its future activities.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 33 (2024 - 40 ) .

| CLEARPEOPLE LIMITED (REGISTERED NUMBER: 04643620) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2025

4. | INTANGIBLE FIXED ASSETS

| Computer

| software

£ |

| COST

| At 1 April 2024 | 6,799,482 |  |

| Additions | 1,701,900 |  |

| At 31 March 2025 | 8,501,382 |  |

| AMORTISATION

| At 1 April 2024 | 4,951,904 |  |

| Amortisation for year | 1,248,884 |  |

| At 31 March 2025 | 6,200,788 |  |

| NET BOOK VALUE

| At 31 March 2025 | 2,300,594 |  |

| At 31 March 2024 | 1,847,578 |  |

5. | TANGIBLE FIXED ASSETS

| Computer

| equipment

£ |

| COST

| At 1 April 2024 | 54,947 |  |

| Additions | 1,504 |  |

| At 31 March 2025 | 56,451 |  |

| DEPRECIATION

| At 1 April 2024 | 46,335 |  |

| Charge for year | 4,646 |  |

| At 31 March 2025 | 50,981 |  |

| NET BOOK VALUE

| At 31 March 2025 | 5,470 |  |

| At 31 March 2024 | 8,612 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 522,885 |  | 363,407 |  |

| Other debtors | 500 |  | 500 |  |

| Tax | 147,998 |  | 195,639 |  |

| Prepayments and accrued income | 155,693 |  | 123,699 |  |

827,076 |  | 683,245 |  |

| CLEARPEOPLE LIMITED (REGISTERED NUMBER: 04643620) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 9) | 60,000 |  | 60,000 |  |

| Other loans (see note 9) | 187,500 |  | 305,863 |  |

| Trade creditors | 38,909 |  | 46,771 |  |

| Corporation tax | 30,058 |  | 24,575 |  |

| Social security and other taxes | 39,560 |  | 61,422 |  |

| VAT | 83,534 |  | 112,928 |  |

| Other creditors | 78,998 |  | 74,755 |  |

| Directors' current accounts | 66,400 |  | 75,900 |  |

| Accruals and deferred income | 1,781,856 |  | 1,686,630 |  |

2,366,815 |  | 2,448,844 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans (see note 9) | 10,000 |  | 70,000 |  |

| Other loans (see note 9) | 250,000 |  | 437,500 |  |

260,000 |  | 507,500 |  |

9. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 60,000 |  | 60,000 |  |

| Other loans | 187,500 |  | 305,863 |  |

247,500 |  | 365,863 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 10,000 |  | 60,000 |  |

| Other loans - 1-2 years | 187,500 |  | 187,500 |  |

197,500 |  | 247,500 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | - |  | 10,000 |  |

| Other loans - 2-5 years | 62,500 |  | 250,000 |  |

62,500 |  | 260,000 |  |

| CLEARPEOPLE LIMITED (REGISTERED NUMBER: 04643620) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2025

10. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 3,560 |  | 3,560 |  |

| Between one and five years | 3,263 |  | 6,823 |  |

6,823 |  | 10,383 |  |

11. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 70,000 |  | 130,000 |  |

| Other loans | 437,500 |  | 640,625 |  |

507,500 |  | 770,625 |  |

| Loans are secured by a fixed and floating charge against the assets of the business.

| G Karawani and K Linossi, the directors of the company, have given personal guarantees amounting to £255,000 in respect of the bank loan shown within creditors.

| G Karawani and K Linossi, the directors of the company, have also given personal guarantees amounting to £150,000 or 20% of the outstanding indebtedness to the lender in respect of the other loan shown within creditors.

12. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 531,633 |  | 441,230 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 441,230 |  |

| Charge to Statement of Comprehensive Income during year | 90,403 |  |

| Balance at 31 March 2025 | 531,633 |  |

13. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 960,000 | Ordinary | £0.01 | 9,600 |  | 9,600 |  |

| 5,000 | Ordinary B - Non voting | £0.01 | 50 |  | 50 |  |

| 5,000 | Ordinary C - Non voting | £0.01 | 50 |  | 50 |  |

9,700 |  | 9,700 |  |

| CLEARPEOPLE LIMITED (REGISTERED NUMBER: 04643620) |

NOTES TO THE FINANCIAL STATEMENTS - continued

For The Year Ended 31 March 2025

14. | ULTIMATE CONTROLLING PARTY

| The company is controlled by the two directors.

| K Linossi is the ultimate controlling party by virtue of shareholdings.