Company Registration No. 10863286 (England and Wales)
CLEARSTONE ONE LIMITED
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
CLEARSTONE ONE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CLEARSTONE ONE LIMITED
Company Registration No. 10863286
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
600
600
Current assets
Debtors
4
2,030,475
2,030,541
Cash at bank and in hand
-
0
1
2,030,475
2,030,542
Creditors: amounts falling due within one year
5
(2,032,590)
(2,032,553)
Net current liabilities
(2,115)
(2,011)
Net liabilities
(1,515)
(1,411)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
(1,615)
(1,511)
Total equity
(1,515)
(1,411)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 1 April 2026 and are signed on its behalf by:
J Kilduff
Director
CLEARSTONE ONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -
1
Accounting policies
Company information

Clearstone One Limited is a private company limited by shares incorporated in England and Wales. The registered office is 8 Devonshire Square, London, EC2M 4PL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

During the year the company made a loss of £104 and at the balance sheet date had net liabilities of £1,515. At the balance sheet date £2,031,953 was owed to Clearstone Energy Limited, the parent company, who has confirmed its continued support for the company and that t he y will not withdraw t his from the company to the detriment of the company or other creditors. Accordingly, the accounts have been prepared on a going concern basis.

1.3
Fixed asset investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and shown in the profit and loss account.

1.4
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments
Basic financial assets

Basic financial assets, which include debtors 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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

CLEARSTONE ONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
600
600
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 October 2024 & 30 September 2025
600
Carrying amount
At 30 September 2025
600
At 30 September 2024
600
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
2,030,475
2,030,541
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
37
-
0
Amounts owed to group undertakings
2,032,553
2,032,553
2,032,590
2,032,553
CLEARSTONE ONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 4 -
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
7
Controlling party

The company is under the control of Clearstone Energy Limited which is the parent company.

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