Acorah Software Products - Accounts Production 16.4.660 false true true 29 February 2024 1 March 2023 false 1 March 2024 5 March 2025 5 March 2025 10600590 Mr Joseph Beaumont Mr Graham Lutey Clearvent Holdings Ltd Unit 1, Newquay Road Business Park, England, TR9 6RT true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10600590 2024-02-29 10600590 2025-03-05 10600590 2024-03-01 2025-03-05 10600590 frs-core:CurrentFinancialInstruments 2025-03-05 10600590 frs-core:Non-currentFinancialInstruments 2025-03-05 10600590 frs-core:ComputerEquipment 2025-03-05 10600590 frs-core:ComputerEquipment 2024-03-01 2025-03-05 10600590 frs-core:ComputerEquipment 2024-02-29 10600590 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-05 10600590 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-01 2025-03-05 10600590 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-29 10600590 frs-core:MotorVehicles 2025-03-05 10600590 frs-core:MotorVehicles 2024-03-01 2025-03-05 10600590 frs-core:MotorVehicles 2024-02-29 10600590 frs-core:PlantMachinery 2025-03-05 10600590 frs-core:PlantMachinery 2024-03-01 2025-03-05 10600590 frs-core:PlantMachinery 2024-02-29 10600590 frs-core:WithinOneYear 2025-03-05 10600590 frs-core:ShareCapital 2025-03-05 10600590 frs-core:RetainedEarningsAccumulatedLosses 2025-03-05 10600590 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-03-05 10600590 frs-bus:FilletedAccounts 2024-03-01 2025-03-05 10600590 frs-bus:SmallEntities 2024-03-01 2025-03-05 10600590 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-03-05 10600590 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-03-05 10600590 1 2024-03-01 2025-03-05 10600590 frs-bus:Director1 2024-03-01 2025-03-05 10600590 frs-bus:Director2 2024-03-01 2025-03-05 10600590 frs-core:CurrentFinancialInstruments 1 2025-03-05 10600590 frs-countries:EnglandWales 2024-03-01 2025-03-05 10600590 2023-02-28 10600590 2024-02-29 10600590 2023-03-01 2024-02-29 10600590 frs-core:CurrentFinancialInstruments 2024-02-29 10600590 frs-core:Non-currentFinancialInstruments 2024-02-29 10600590 frs-core:BetweenOneFiveYears 2024-02-29 10600590 frs-core:WithinOneYear 2024-02-29 10600590 frs-core:ShareCapital 2024-02-29 10600590 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 10600590 frs-core:CurrentFinancialInstruments 1 2024-02-29
Registered number: 10600590
Clear Vent Ltd
Unaudited Financial Statements
For The Year Ended 5 March 2025
Whyfield Limited
Clear Vent Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Clear Vent Ltd
Balance Sheet
As At 5 March 2025
Balance Sheet
Registered number: 10600590

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 168,494 |  | 254,370
|  |  | 168,494 |  | 254,370
CURRENT ASSETS
Stocks | 5 | 6,000 |  | 160,704 |
Debtors | 6 | 306,333 |  | 823,197 |
Cash at bank and in hand |  | 2,372 |  | 72,434 |
|  | 314,705 |  | 1,056,335 |
Creditors: Amounts Falling Due Within One Year | 7 | (847,296 ) |  | (574,495 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (532,591 ) |  | 481,840
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (364,097 ) |  | 736,210
Creditors: Amounts Falling Due After More Than One Year | 8 |  | - |  | (80,246 )
NET (LIABILITIES)/ASSETS |  |  | (364,097 ) |  | 655,964
CAPITAL AND RESERVES
Called up share capital | 10 |  | 2 |  | 2
Profit and Loss Account |  |  | (364,099 ) |  | 655,962
SHAREHOLDERS' FUNDS |  |  | (364,097) |  | 655,964

Page 1
Page 2
Clear Vent Ltd
Balance Sheet (continued)
As At 5 March 2025
For the year ending 5 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
On behalf of the board

Mr Joseph Beaumont Director
06/10/2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Clear Vent Ltd
Notes to the Financial Statements
For The Year Ended 5 March 2025
Notes to the Financial Statements
1. General Information
Clear Vent Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10600590 . The registered office is 53 Fore Street, Ivybridge, Devon , PL21 9AE.
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. Going Concern Disclosure
The directors believe that the going concern basis is not appropriate as the company has no realistic alternative but to cease trading the directors intend to place the company into liquidation on the 6th March 2025.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer contingences and repairs.
Control over goods
Turnover generated from the sale of systems is recognised when the significant risks and rewards of ownership of the systems has transferred to the buyer. This is usually at the point that the customer has been invoiced for the completion and instalation.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold | 2% SL
Plant & Machinery | 20% SL
Motor Vehicles | 20% SL
Computer Equipment | 20% SL

2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
Clear Vent Ltd
Notes to the Financial Statements (continued)
For The Year Ended 5 March 2025
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2024: 19)
19 19
4. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Motor Vehicles | Computer Equipment | Total
| £ | £ | £ | £ | £
Cost
As at 1 March 2024 | 58,498 | 197,735 | 252,833 | 32,619 | 541,685
Additions | - | 5,750 | 14,500 | - | 20,250
Disposals | - | (33,345 ) | (150,265 ) | (10,282 ) | (193,892 )
As at 5 March 2025 | 58,498 | 170,140 | 117,068 | 22,337 | 368,043
Depreciation
As at 1 March 2024 | 2,592 | 124,600 | 139,117 | 21,006 | 287,315
Provided during the period | 1,170 | 28,734 | 24,289 | 3,460 | 57,653
Disposals | - | (30,969 ) | (104,168 ) | (10,282 ) | (145,419 )
As at 5 March 2025 | 3,762 | 122,365 | 59,238 | 14,184 | 199,549
Net Book Value
As at 5 March 2025 | 54,736 | 47,775 | 57,830 | 8,153 | 168,494
As at 1 March 2024 | 55,906 | 73,135 | 113,716 | 11,613 | 254,370

Page 4
Page 5
Clear Vent Ltd
Notes to the Financial Statements (continued)
For The Year Ended 5 March 2025
5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Materials | 6,000 |  | 100,000
Work in progress | - |  | 60,704
| 6,000 |  | 160,704

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 90,638 |  | 470,426
Prepayments and accrued income | 1,579 |  | 744
Other debtors | 81,285 |  | 558
Other debtors (1) | 26,439 |  | 15,000
Corporation tax recoverable assets | 49,016 |  | -
Deferred tax current asset | - |  | 8,186
VAT | 6,027 |  | 5,322
Amounts owed by group undertakings | 51,329 |  | -
| 306,313 |  | 500,236
Due after more than one year
Amounts owed by other participating interests | 20 |  | 322,961
| 306,333 |  | 823,197

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 64,251 |  | 55,706
Trade creditors | 326,076 |  | 228,990
Bank loans and overdrafts | 314,736 |  | 91,313
Corporation tax | 38,991 |  | 49,016
Other taxes and social security | 65,950 |  | 69,187
Other creditors | - |  | 72,314
Accruals and deferred income | 1,440 |  | 4,797
Directors' loan accounts | 32,586 |  | -
Amounts owed to group undertakings | - |  | 3,172
Amounts owed to other participating interests | 3,266 |  | -
| 847,296 |  | 574,495

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | - |  | 59,352
Bank loans | - |  | 20,894
| - |  | 80,246

Page 5
Page 6
Clear Vent Ltd
Notes to the Financial Statements (continued)
For The Year Ended 5 March 2025
9. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 64,251 |  | 55,706
Later than one year and not later than five years | - |  | 59,352
| 64,251 |  | 115,058
| 64,251 |  | 115,058

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2 |  | 2

11. Related Party Transactions
CV Fire & Partitions LtdConnected Entity, 100% subsidary of Clearvent Holdings LtdAs of the end of the financial period, Clear Vent Ltd had payable amounts owed of £3,173 in respect of intercompany transactions.

CV Fire & Partitions Ltd

Connected Entity, 100% subsidary of Clearvent Holdings Ltd

As of the end of the financial period, Clear Vent Ltd had payable amounts owed of £3,173 in respect of intercompany transactions.

CV HVAC LtdConnected Entity, 100% subsidary of Clearvent Holdings LtdAs of the end of the financial period, Clear Vent Ltd had payable amounts owed of £93.21 in respect of intercompany transactions.

CV HVAC Ltd

Connected Entity, 100% subsidary of Clearvent Holdings Ltd

As of the end of the financial period, Clear Vent Ltd had payable amounts owed of £93.21 in respect of intercompany transactions.

CV Property & Development LtdConnected Entity, 100% subsidary of Clearvent Holdings LtdAs of the end of the financial period, Clear Vent Ltd had receivable amounts owed of £20 in respect of intercompany transactions.

CV Property & Development Ltd

Connected Entity, 100% subsidary of Clearvent Holdings Ltd

As of the end of the financial period, Clear Vent Ltd had receivable amounts owed of £20 in respect of intercompany transactions.

Clearvent Holdings LtdParent CompanyAs of the end of the financial period, Clear Vent Ltd had receivable amounts owed of £51,329.38 in respect of intercompany transactions.

Clearvent Holdings Ltd

Parent Company

As of the end of the financial period, Clear Vent Ltd had receivable amounts owed of £51,329.38 in respect of intercompany transactions.

12. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Clearvent Holdings Ltd . Clearvent Holdings Ltd was incorporated in England, United Kingdom. The ultimate controlling party is Clearvent Holdings Ltd who controls 100% of the shares of Clear Vent Ltd .
13. Secured Debt
Atom Bank Plc holds a floating charge over all freehold, leasehold and all commonhold properties currently registered now or in the future to which the company holds interest in respect of a personal advance for the group holding totalling £426,996.00
Page 6