ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 10992625

CLEARVIEW PROPERTY LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 OCTOBER 2024

CLEARVIEW PROPERTY LTD

REGISTERED NUMBER: 10992625

BALANCE SHEET

AS AT 30 OCTOBER 2024

		2024		2023
Note		£		£

Fixed assets
Investment property	4		1,898,647		1,661,591
Current assets
Debtors: amounts falling due within one year	5	2,429		1,418
Cash at bank and in hand		26,039		20,002
		28,468		21,420
Creditors: amounts falling due within one year	6	(779,406)		(343,740)
Net current liabilities			(750,938)		(322,320)
Creditors: amounts falling due after more than one year	7		(740,872)		(913,262)
Net assets			406,837		426,009

Capital and reserves
Called up share capital	9	1	1
Profit and loss account		406,836	426,008
		406,837	426,009

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf

Mr S Peat

Director

Date: 29 October 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

CLEARVIEW PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 OCTOBER 2024

1.	General information

Clearview Property Ltd ("the company") is a limited liability company incorporated and domiciled in the United Kingdom. The address of the registered office is shown on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are for the year ended 30 October 2024 (2023: year ended 30 October 2023).

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover comprises rent receivable from the investment properties during the year.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 1 (2023: 1).

Page 2

CLEARVIEW PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 OCTOBER 2024

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 31 October 2023	1,661,591
	Additions at cost	512,209
	Disposals	(275,153)
	At 30 October 2024	1,898,647

The 2024 valuations were made by the director, on an open market value for existing use basis.

Debtors

					2024	2023
					£	£


Trade debtors	2,429	1,418

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Corporation tax	20,038	4,313
Other creditors	752,828	331,732
Accruals and deferred income	6,540	7,695
	779,406	343,740

7.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

	Bank loans	740,872	913,262

Page 3

CLEARVIEW PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 OCTOBER 2024

Amounts falling due 1-2 years
Bank loans	740,872	913,262

9.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

1 (2023: 1) Ordinary share of £1	1	1

Page 4