REGISTERED NUMBER: 05990386 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

CLEAR LEGAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Corbett

Mrs N Corbett

D Gray

REGISTERED OFFICE:

Units 115-119 Timber Wharf

42-50 Worsley Street

Castlefield

Manchester

M15 4LD

REGISTERED NUMBER:

05990386 (England and Wales)

ACCOUNTANTS:

D.R.E. & Co. Limited

Chartered Accountants

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

FIXED ASSETS

Investments

5

-

500

CURRENT ASSETS

Debtors

6

3,400,652

2,764,994

Cash at bank

-

47

3,400,652

2,765,041

CREDITORS

Amounts falling due within one year

7

596,505

434,322

NET CURRENT ASSETS

2,804,147

2,330,719

TOTAL ASSETS LESS CURRENT LIABILITIES

2,804,147

2,331,219

CREDITORS

Amounts falling due after more than one year

8

-

8,072

NET ASSETS

2,804,147

2,323,147

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

2,804,146

2,323,146

SHAREHOLDERS' FUNDS

2,804,147

2,323,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2026 and were signed on its behalf by:

M Corbett - Director

1.	STATUTORY INFORMATION

Clear Legal Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements are for the individual entity only.

The financial statements are presented in sterling (£), rounded to the nearest £1.

Turnover

Turnover represents amounts derived from the provision of services to clients during the year, excluding discounts, rebates, value added tax, and other sales and including estimates of amounts not invoices. Revenues in respect of long term contracts and contracts for ongoing services is recognised in the income statement by reference to the stage of completion at the period end, provided that a right to consideration has been obtained through performance. Consideration accrues as contract activity progresses by reference to the value of work performed.

Financial instruments

(i) Financial assets

Basic financial assets, including unlisted fixed asset investments, trade receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables are initially recognised at transaction price and subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 October 2024

500

Disposals

(500

)

At 30 September 2025

-

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

500

6.

DEBTORS

30.9.25

30.9.24

£

£

Amounts falling due within one year:

Trade debtors

99,898

83,545

Amounts owed by related entities

2,067,190

1,511,713

Other debtors

-

500

Amounts held on behalf of clients

53,500

4,236

VAT

15,064

-

2,235,652

1,599,994

Amounts falling due after more than one year:

Amounts owed by related entities

1,165,000

1,165,000

Aggregate amounts

3,400,652

2,764,994

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans and overdrafts

11,962

10,000

Other loans

-

16,667

Trade creditors

242,250

184,638

Amounts owed to related entities

264,346

127,402

Social security and other taxes

5,841

9,530

VAT

-

5,065

Other creditors

7,656

5,752

Amounts due to clients

53,500

4,236

Directors' current accounts

1,500

1,500

Accrued expenses

9,450

69,532

596,505

434,322

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans - 1-5 years

-

8,072

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

£

Bank overdraft

3,890

-

Banking facilities with Royal Bank of Scotland are secured by a fixed and floating charge dated 19th January 2017.

10.	CONTINGENT LIABILITIES

During a prior year the company lost a court case. Expected costs payable in connection with related cases which can no longer proceed are included in accruals. Further legal costs may be incurred, but at the time of the publication of these accounts, the final figure has not been confirmed.

As detailed in the related party disclosures note, Clear Legal Limited has provided guarantees to secure the borrowings of Clear Law LLP, a related entity. This includes a debenture dated 16 July 2025, including a fixed and floating charge, as security for liabilities owed to PRL Legal Funding Limited by Clear Law LLP.

11.	RELATED PARTY DISCLOSURES

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Corbett.