Acorah Software Products - Accounts Production 16.8.310 false true true 31 August 2024 1 September 2023 false 20 February 2026 1 September 2024 31 August 2025 31 August 2025 13192041 Mr S Dawson Mr E Marley-Shaw Clearwell Capital Group Ltd true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13192041 2024-08-31 13192041 2025-08-31 13192041 2024-09-01 2025-08-31 13192041 frs-core:CurrentFinancialInstruments 2025-08-31 13192041 frs-core:ShareCapital 2025-08-31 13192041 frs-core:RetainedEarningsAccumulatedLosses 2025-08-31 13192041 frs-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 13192041 frs-bus:FilletedAccounts 2024-09-01 2025-08-31 13192041 frs-bus:SmallEntities 2024-09-01 2025-08-31 13192041 frs-bus:Audited 2024-09-01 2025-08-31 13192041 frs-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 13192041 1 2024-09-01 2025-08-31 13192041 frs-core:UnlistedNon-exchangeTraded 2025-08-31 13192041 frs-core:UnlistedNon-exchangeTraded 2024-08-31 13192041 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-08-31 13192041 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-08-31 13192041 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-08-31 13192041 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-08-31 13192041 frs-bus:Director1 2024-09-01 2025-08-31 13192041 frs-bus:Director2 2024-09-01 2025-08-31 13192041 frs-countries:EnglandWales 2024-09-01 2025-08-31 13192041 2023-08-31 13192041 2024-08-31 13192041 2023-09-01 2024-08-31 13192041 frs-core:CurrentFinancialInstruments 2024-08-31 13192041 frs-core:ShareCapital 2024-08-31 13192041 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31
Registered number: 13192041
Clearwell Development Finance Two Holdings Limited
Financial Statements
For The Year Ended 31 August 2025
Clearwell Development Finance Two Holdings Limited
Contents
Contents

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

Page 1
Clearwell Development Finance Two Holdings Limited
Balance Sheet
As At 31 August 2025
Balance Sheet
Registered number: 13192041

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investments | 4 |  | 2 |  | 2
|  |  | 2 |  | 2
CURRENT ASSETS
Debtors | 5 | 417,123 |  | 694,215 |
Cash at bank and in hand |  | 10 |  | 15 |
|  | 417,133 |  | 694,230 |
Creditors: Amounts Falling Due Within One Year | 6 | (432,852 ) |  | (706,648 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (15,719 ) |  | (12,418 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (15,717 ) |  | (12,416 )
NET LIABILITIES |  |  | (15,717 ) |  | (12,416 )
CAPITAL AND RESERVES
Called up share capital | 7 |  | 1 |  | 1
Profit and Loss Account |  |  | (15,718 ) |  | (12,417 )
SHAREHOLDERS' FUNDS |  |  | (15,717) |  | (12,416)

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.
The financial statements were approved by the board of Directors and authorised for issue on 20 February 2026 and are signed on its behalf by:

Mr E Marley-Shaw Director
20/02/2026

The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Clearwell Development Finance Two Holdings Limited
Notes to the Financial Statements
For The Year Ended 31 August 2025
Notes to the Financial Statements
1. General Information
Clearwell Development Finance Two Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13192041 . The registered office is 66 Newman Street, London, W1T 3EQ.
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 the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency. Monetary amounts in these financial statements are rounded to the nearest pound.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the directors have assessed the company’s forecasts and cash flow requirements, and have taken into account the availability of group support so that the company is able to meet its obligations for a period of at least 12 months from the date of approval of the financial statements. Hence the directors consider it appropriate to continue preparing the financial statements on a going concern basis.
2.3. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors, loans, interest receivable and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Impairment of financial assets
Financial assets are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
Classification of financial liabilities
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 company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, loans and interest payable, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.
Page 2
Page 3
Clearwell Development Finance Two Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
2.4. 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.
2.5. Consolidation exemption
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
2.6. Fixed Asset Investments
Interests in subsibiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Investments

| Unlisted
--- | ---
| £
Cost or Valuation
As at 1 September 2024 | 2
As at 31 August 2025 | 2
Provision
As at 1 September 2024 | -
As at 31 August 2025 | -
Net Book Value
As at 31 August 2025 | 2
As at 1 September 2024 | 2

The company's subsidiaries as at 31 August 2024 are Clearwell Development Finance Two Ltd and Clearwell Development Finance Three Ltd. Their registered office is 66 Newman Street London, England, W1T 3EQ. They operate as primary and mezzanine lenders to property developers. The company holds 100% of the subsidiaries' ordinary shares.
Page 3
Page 4
Clearwell Development Finance Two Holdings Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Amounts owed by group undertakings | 417,123 |  | 694,215

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Accruals and deferred income | 4,128 |  | 4,350
Amounts owed to group undertakings | 428,724 |  | 702,298
| 432,852 |  | 706,648

7. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

8. Ultimate Controlling Party
The company's ultimate controlling party is Clearwell Capital Group Ltd by virtue of it's ownership of 100% of the issued share capital in the company. Their registered office is 66 Newman Street, London, W1T 3EQ.
The smallest and largest group in which the results of the company are consolidated in are headed by Clearwell Capital Group Ltd .
9. Third party charges
Clearwell Development Finance Two Ltd, a subsidiary of the company, has a loan facility with a third party provider. Interest on this is payable at 10% per annum and is secured over the assets of both the subsidiary and the company.
Clearwell Development Finance Three Ltd, a subsidiary of the company, has a loan facility with a third party provider. Interest on this is payable at 9% per annum and is secured over the assets of both the subsidiary and the company.
10. Audit Information
The auditor's report on the accounts of Clearwell Development Finance Two Holdings Limited for the year ended 31 August 2025 was unqualified.
The auditor's report was signed by Nicolas Michael FCA (Senior Statutory Auditor) for and on behalf of Charlton Baker (Bristol) Ltd , Statutory Auditor.

Charlton Baker (Bristol) Ltd 1st Floor, 61 Macrae Road Eden Office Park, Ham Green Bristol BS20 0DD

Page 4