Clearwater Marine Investments Limited 31/12/2024 iXBRL

Company registration number: 04462581

Clearwater Marine Investments Limited

Unaudited filleted financial statements

31 December 2024

Clearwater Marine Investments Limited

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Clearwater Marine Investments Limited

Directors and other information


Directors	Mr N R Hill
	Mrs Cornelia Hill	(Appointed 5 September 2024)


Secretary	Robinsons Consulting Limited


Company number	04462581


Registered office	5 Underwood Street
	London
	N1 7LY

Clearwater Marine Investments Limited

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	2,849		-
		_______		_______
			2,849		-

Current assets
Debtors	6	2,935,600		3,016,900
Cash at bank and in hand		67,845		155,046
		_______		_______
		3,003,445		3,171,946
Creditors: amounts falling due
within one year	7	( 1,274,425)		( 1,402,304)
		_______		_______
Net current assets			1,729,020		1,769,642
			_______		_______
Total assets less current liabilities			1,731,869		1,769,642

			_______		_______
Net assets			1,731,869		1,769,642
			_______		_______

Capital and reserves
Called up share capital			1		1
Profit and loss account			1,731,868		1,769,641
			_______		_______
Shareholders funds			1,731,869		1,769,642
			_______		_______

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

Mr N R Hill

Director

Company registration number: 04462581

Clearwater Marine Investments Limited

Statement of changes in equity

Year ended 31 December 2024

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 January 2023 (as previously reported)	1	1,738,084	1,738,085
Prior period adjustments	(-)	70,562	70,562
	_______	_______	_______
At 1 January 2023 (restated)	1	1,808,646	1,808,647

Loss for the year		( 39,005)	( 39,005)
	_______	_______	_______
Total comprehensive income for the year	-	( 39,005)	( 39,005)

	_______	_______	_______
At 31 December 2023 and 1 January 2024	1	1,769,641	1,769,642

Loss for the year		( 37,773)	( 37,773)
	_______	_______	_______
Total comprehensive income for the year	-	( 37,773)	( 37,773)

	_______	_______	_______
At 31 December 2024	1	1,731,868	1,731,869
	_______	_______	_______

Clearwater Marine Investments Limited

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Underwood Street, London, N1 7LY.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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 capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Short leasehold property	-	Straight line over the life of the assets
Fittings fixtures and equipment	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 4 ).

5. Tangible assets

	Short leasehold property	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1 January 2024	60,960	120,989	181,949
Additions	-	3,798	3,798
Disposals	( 60,960)	-	( 60,960)
	_______	_______	_______
At 31 December 2024	-	124,787	124,787
	_______	_______	_______
Depreciation
At 1 January 2024	60,960	120,989	181,949
Charge for the year	-	949	949
Disposals	( 60,960)	-	( 60,960)
	_______	_______	_______
At 31 December 2024	-	121,938	121,938
	_______	_______	_______
Carrying amount
At 31 December 2024	-	2,849	2,849
	_______	_______	_______
At 31 December 2023	-	-	-
	_______	_______	_______

Investments in group undertakings
	Registered office	Class of share	Percentage of shares held
Subsidiary undertakings
Selvaplana SA	Panama	Ordinary	100

6. Debtors

	2024	2023
	£	£
Trade debtors	3,058	107,583
Other debtors	2,932,542	2,909,317
	_______	_______
	2,935,600	3,016,900
	_______	_______

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	710	110
Corporation tax	-	8,268
Other creditors	1,273,715	1,393,926
	_______	_______
	1,274,425	1,402,304
	_______	_______

8. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr N R Hill	-	2,755	2,755
		_______	_______	_______

2023
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr N R Hill	-	-	-
		_______	_______	_______