Clarity Wealth Management LLP

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: OC371189

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		3,000		4,500
Tangible Assets	5		1,336		-

			4,336		4,500
CURRENT ASSETS
Stocks	6	172,481		111,720
Debtors	7	11,670		8,513
Cash at bank and in hand		370,958		165,729

		555,109		285,962
Creditors: Amounts Falling Due Within One Year	8	(27,576 )		(21,811 )

NET CURRENT ASSETS (LIABILITIES)			527,533		264,151

TOTAL ASSETS LESS CURRENT LIABILITIES			531,869		268,651

Creditors: Amounts Falling Due After More Than One Year	9		(1,588 )		(11,791 )

NET ASSETS ATTRIBUTABLE TO MEMBERS			530,281		256,860

REPRESENTED BY:
Equity
Members' other interests
Members' capital		(833,598)		(587,571)
Other reserves		1,363,879		844,431

			530,281		256,860

TOTAL MEMBERS' INTEREST
Members' other interests			530,281		256,860

			530,281		256,860

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Clarity Wealth Management LLP

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.

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

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

On behalf of the members

Creative Wealth Limited

Designated Member

02/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Clarity Wealth Management LLP is a limited liability partnership, incorporated in England & Wales, registered number OC371189 . The Registered Office is Waterside House, The Plains, Totnes, Devon, TQ9 5DW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable and net of discounts. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer fees repayable, rebates and other similar allowances.

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.

2.3. 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:

Fixtures & Fittings	20% straight line
Computer Equipment	20% straight line

3. Average Number of Employees

Average number of employees, including members with contracts of employment, during the year was: 11 (2024: 11)

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 April 2024	8,869

As at 31 March 2025	8,869

Amortisation
As at 1 April 2024	4,369
Impairment losses	1,500

As at 31 March 2025	5,869

Net Book Value
As at 31 March 2025	3,000

As at 1 April 2024	4,500

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Clarity Wealth Management LLP

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 April 2024	30,770
Additions	1,458

As at 31 March 2025	32,228

Depreciation
As at 1 April 2024	30,770
Provided during the period	122

As at 31 March 2025	30,892

Net Book Value
As at 31 March 2025	1,336

As at 1 April 2024	-

6. Stocks

	2025	2024
	£	£
Work in progress	172,481	111,720

7. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	11,670	8,513

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	4,934	1,584
Bank loans and overdrafts	10,648	10,648
Other taxes and social security	10,094	7,779
Net wages	100	-
Accruals and deferred income	1,800	1,800

	27,576	21,811

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

	2025	2024
	£	£
Bank loans	1,588	11,791

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