Clearstone Financial Management Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13182753

Clearstone Financial Management Limited

Filleted Unaudited Financial Statements

31 March 2025

Clearstone Financial Management Limited

Financial Statements

Year ended 31 March 2025

Contents	Pages

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Balance sheet	2 to 3

Notes to the financial statements	4 to 7

Clearstone Financial Management Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Clearstone Financial Management Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clearstone Financial Management Limited for the year ended 31 March 2025, which comprise the balance sheet and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Clearstone Financial Management Limited, as a body, in accordance with the terms of our engagement letter dated 9 December 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Clearstone Financial Management Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clearstone Financial Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Clearstone Financial Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Clearstone Financial Management Limited. You consider that Clearstone Financial Management Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Clearstone Financial Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

MILLER DAVIES LLP Chartered Accountants

A3 Broomsleigh Business Park Worsley Bridge Road London SE26 5BN

17 December 2025

Clearstone Financial Management Limited

Balance Sheet

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	281,218	328,088
Tangible assets	6	11,939	19,146
		---------	---------
		293,157	347,234

Current assets

Debtors	7	38,348	34,791
Cash at bank and in hand		93,420	24,105
		---------	--------
		131,768	58,896

Creditors: amounts falling due within one year	8	107,967	84,886
		---------	--------
Net current assets/(liabilities)		23,801	( 25,990)
		---------	---------
Total assets less current liabilities		316,958	321,244

Creditors: amounts falling due after more than one year	9	218,662	259,468
		---------	---------
Net assets		98,296	61,776
		---------	---------

Capital and reserves

Called up share capital	200	200
Profit and loss account	98,096	61,576
	--------	--------
Shareholders funds	98,296	61,776
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Clearstone Financial Management Limited

Balance Sheet (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 17 December 2025 , and are signed on behalf of the board by:

Mr A. Vasiliadis

Director

Company registration number: 13182753

Clearstone Financial Management Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is A3 Broomsleigh Business Park, Worsley Bridge Road, London, SE26 5BN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue is recognised when the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% straight line
Office equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	468,697
	---------
Amortisation
At 1 April 2024	140,609
Charge for the year	46,870
	---------
At 31 March 2025	187,479
	---------
Carrying amount
At 31 March 2025	281,218
	---------
At 31 March 2024	328,088
	---------

6. Tangible assets

	Plant and machinery	Office equipment	Total
	£	£	£
Cost
At 1 April 2024	30,600	9,466	40,066
Additions	–	1,199	1,199
Disposals	–	( 3,371)	( 3,371)
	--------	-------	--------
At 31 March 2025	30,600	7,294	37,894
	--------	-------	--------
Depreciation
At 1 April 2024	13,740	7,180	20,920
Charge for the year	6,120	2,286	8,406
Disposals	–	( 3,371)	( 3,371)
	--------	-------	--------
At 31 March 2025	19,860	6,095	25,955
	--------	-------	--------
Carrying amount
At 31 March 2025	10,740	1,199	11,939
	--------	-------	--------
At 31 March 2024	16,860	2,286	19,146
	--------	-------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	38,348	34,791
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	57,635	53,841
Corporation tax	44,114	27,523
Other creditors	6,218	3,522
	---------	--------
	107,967	84,886
	---------	--------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	218,662	259,468
	---------	---------

The bank loans are secured by a debenture over the assets of the company. The value of the loans is split between current (£57,635) and loan term (£218,662).

10. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2025	2024
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	131,767	58,896
	---------	--------

Financial liabilities measured at fair value through profit or loss

Financial liabilities measured at fair value through profit or loss	282,715	317,031
	---------	---------

11. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr A. Vasiliadis	( 222)	( 2,996)	( 3,218)
	----	-------	-------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr A. Vasiliadis	( 7,716)	7,494	( 222)
	-------	-------	----