ACCOUNTS - Final Accounts

Registered number: 02533929

CLEA LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

CLEA LIMITED

REGISTERED NUMBER: 02533929

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Investments	4		176		176
			176		176
Current assets
Debtors: amounts falling due within one year	5	77,658		86,924
Cash at bank and in hand	6	250,585		245,152
		328,243		332,076
Creditors: amounts falling due within one year	7	(87,439)		(102,690)
Net current assets			240,804		229,386
Total assets less current liabilities			240,980		229,562

Net assets			240,980		229,562

Capital and reserves
Called up share capital	8	11,000	13,000
Share premium account		1,350	1,350
Capital redemption reserve		13,800	11,800
Profit and loss account		214,830	203,412
		240,980	229,562

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 statement of comprehensive income 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 on 28 November 2025.

L S R Morton

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

CLEA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Clea Limited ('the company') is a private company limited by shares and is incorporated and domiciled in England. The address of the registered office is 124 Finchley Road, London, NW3 5JS.
The principal activity of the company continued to be that of publishing a magazine to carry the members' advertising in London.

2.Accounting policies

2.1

Basis of preparation of financial statements

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.

2.2

Functional and presentation currency

The company's functional and presentational currency is GBP.

2.3

Going concern

The company meets its day to day working capital requirements through the utilisation of its own funds generated by its magazine trading activities and by dividends from a related company.
The directors have prepared updated forecasts and projections based on a number of potential scenarios and these, together with reserves held and cost savings made, indicate that the company has adequate resources to continue its operations for the next 12 months. The directors therefore consider it appropriate to continue to adopt the going concern basis in preparing the company’s financial statements.

2.4

Revenue

Revenue is generated from magazine page space sold for contracted pages and 3rd party advertising. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts and rebates.

2.5

Valuation of investments

Investments in unlisted company shares are measured at cost less impairment.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 2

CLEA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors.

2.9

Creditors

Short-term creditors are measured at the transaction price.

Employees

The average monthly number of employees, including directors, during the year was 10 (2024 - 10).

4.	Fixed asset investments

		Unlisted investments
		£
	Cost or valuation
	At 1 April 2024	176
	At 31 March 2025	176

Page 3

CLEA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Trade debtors	77,658	86,924
	77,658	86,924

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	250,585	245,152
	250,585	245,152

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	32,150	36,985
Other taxation and social security	46,289	56,705
Accruals and deferred income	9,000	9,000
	87,439	102,690

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

11,000 (2024 - 13,000) Ordinary shares of £1.00 each	11,000	13,000

During the year, 2,000 (2024: nil) shares of £1 each were redeemed and bought back by the company at par.

Page 4

CLEA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

9.	Related party transactions
	The company publishes a magazine which includes advertising placed by its individual members. As a consequence, £516,500 (2024: £566,050) of the company's turnover is derived from sales to members of the company. Of these amounts £68,006 (2024: £72,446) is included within trade debtors at the year end.

10.	Controlling party

The directors do not consider there to be an ultimate controlling party.

11.	Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 1 December 2025 by Hetal Mistry (Senior Statutory Auditor) on behalf of Nyman Libson Paul LLP.

Page 5