KLEARWATER (INVESTMENTS) LIMITED

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: 02450911

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,751,511		1,622,349

			1,751,511		1,622,349
CURRENT ASSETS
Debtors		627,245		625,045
Cash at bank and in hand		63,964		175,013

		691,209		800,058
Creditors: Amounts Falling Due Within One Year		(34,448 )		(9,651 )

NET CURRENT ASSETS (LIABILITIES)			656,761		790,407

TOTAL ASSETS LESS CURRENT LIABILITIES			2,408,272		2,412,756

Creditors: Amounts Falling Due After More Than One Year			(750,000 )		(750,000 )

NET ASSETS			1,658,272		1,662,756

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			1,658,172		1,662,656

SHAREHOLDERS' FUNDS			1,658,272		1,662,756

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KLEARWATER (INVESTMENTS) LIMITED

Abridged Balance Sheet (continued)

As At 31 December 2024

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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.

The financial statements were approved by the board on 19 June 2025 and were signed on its behalf by:

Mr Paul O'Reilly

Director

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

KLEARWATER (INVESTMENTS) LIMITED is a private company, limited by shares, incorporated in England & Wales.

The registered number is 02450911 .

The registered office was 1st Floor, Discovery House, Crossley Road, Heaton Chapel, Stockport, SK4 5BH.

Related party transactions are reported in the notes to the accounts.

There are no other related party transactions to report.

There are no contingent liabilities or post balance sheet events to report.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

The turnover shown in the profit and loss account represents rents receivable for the year. The Company is not Value Added Tax (VAT) registered.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation.

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

Fixtures & Fittings	20% Reducing Balance
Computer Equipment	20% Reducing Balance

No depreciation is provided in the year of acquisition.

2.4. Investment Properties

Investment properties are shown at their open market value. The surplus or deficit arising from the revaluation at each year or period end date is dealt with through profit and loss account. No depreciation is provided on investment properties.

2.5. Accounting Reference Date

The accounting reference date is 31 December.

2.6. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

The average number of employees, including directors, who are employed under a contract of service during the year was: NIL (2023: NIL)

4. Tangible Assets

	Total
	£
Cost or Valuation
As at 1 January 2024	1,625,416
Revaluation	129,598

As at 31 December 2024	1,755,014

Depreciation
As at 1 January 2024	3,067
Provided during the period	436

As at 31 December 2024	3,503

Net Book Value
As at 31 December 2024	1,751,511

As at 1 January 2024	1,622,349

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KLEARWATER (INVESTMENTS) LIMITED

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

Cost or valuation as at 31 December 2024 represented by:

	Investment Properties	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
At cost	-	5,082	170	5,252
At valuation	1,749,762	-	-	1,749,762

	1,749,762	5,082	170	1,755,014

5. Secured Creditors

Of the creditors the following amounts are secured.

	2024		2023
	£		£
Bank loans and overdrafts	750,000		750,000

6. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
90 Ordinary A shares of £ 1.00 each	90	90
10 Ordinary B shares of £ 1.00 each	10	10

	100	100

7. Related Party Transactions

Associated Companies

The following companies are associated with Klearwater (Investments) Limited.

Fairmont Corporate Limited

La Salle & Co (Corporate) Limited - (dissolved 14 May 2024)

La Salle Corporate International Limited

R.T.A. (Business Consultants) Limited

Each Company was controlled by Mr Paul O'Reilly throughout the year/period.

Fairmont Corporate Limited was controlled by Mr Paul O'Reilly who held 1 £1 Ordinary Share throughout the year, there being 1 £1 Ordinary Share in issue.

La Salle & Co (Corporate) Limited was controlled by Mr Paul O'Reilly who held 50 £1 Ordinary Share throughout the period ending 14 May 2024, this being the date of dissolution.

R.T.A. (Business Consultants) Limited was controlled by Mr Paul O'Reilly who held 50 £1 Ordinary Share throughout the year, there being 50 £1 Ordinary Share in issue.

La Salle Corporate International Limited was controlled by Mr Paul O'Reilly who held 20 £1 Ordinary Shares which together with the 5 £1 Ordinary Share held by his wife Gail, the 25 £1 Ordinary Shares held by his daughter Lucy, and the 25 £1 Ordinary Shares owned by his daughter Sarah through her company, Fortis Holdco Limited amounted to 75% of the issued share capital of 100 £1 Ordinary Shares.

Related Party Transactions - Company Loans

Monies have been advanced by Klearwater (Investments) Limited to R.T.A. (Business Consultants) Limited. The amount owed is £200,000 (2023 £200,000) and is included in debtors.

Monies have been advanced by Klearwater (Investments) Limited to La Salle Ventures Limited. The amount owed is £318,660 (2023 £318,660) and is included in debtors. John Murtough, Sarah O'Reilly and Lucy O'Reilly hold shares in La Salle Ventures Limited with each holding 25% of the issued share capital.

Monies have been advanced to La Salle Corporate International Limited by Klearwater (Investments) Limited. The amount owed is £11,000 (2023 £Nil) and is included in creditors.

Related Party Transactions - Company Loans

...CONTINUED

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KLEARWATER (INVESTMENTS) LIMITED

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

7. Related Party Transactions - continued

Management charges totalling £21,600 (2023 £Nil) are payable to R.T.A. (Business Consultants) Limited with the amount included in accruals.

Transactions with Directors

Property management and administration fees were paid to the adult children of the Director, Mr Paul O'Reilly as follows:

Lucy O'Reilly - Property management and administration fees £9,000 (2023 £9,250)

The Director reports that property management and administration fees were in accordance with open market rates.

Transactions with Directors

John Murtough is the adult son of the director, Paul O'Reilly's wife, Gail O'Reilly.

Monies have been advanced by Klearwater (Investments) Limited to John Murtough. The amount owed is £105,291 (2023 £102,723) and is included in debtors.

The loan was subject to interest calculated by reference to the official rate of interest which was 2.00%, increasing to 2.25% from 6 April 2023.

8. Ultimate Controlling Party

Klearwater (Investments) Limited issued share capital of 100 £1 Ordinary Shares were redesignated on 11 February 2021 becoming 90 A £1 Ordinary Shares and 10 B £1 Ordinary Shares.

Mr Paul O'Reilly held 90 A £1 Ordinary Shares and his wife, Mrs Gail O'Reilly held 10 B £1 Ordinary Shares throughout the year.

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