Clearview International Ltd - Accounts to registrar (filleted) - small 18.2

Clearview International Ltd - Accounts to registrar (filleted) - small 18.2

CLEARVIEW INTERNATIONAL LTD - Company Information

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REGISTERED NUMBER: 09925796 (England and Wales)










Unaudited Financial Statements

for the Period 1 January 2019 to 30 June 2020

for

Clearview International Ltd
Clearview International Ltd (Registered number: 09925796)






Contents of the Financial Statements
for the Period 1 January 2019 to 30 June 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Clearview International Ltd

Company Information
for the Period 1 January 2019 to 30 June 2020







DIRECTORS: L J Adams
G F Kimpton





REGISTERED OFFICE: Airport House
Suite 43-45
Purley Way
Croydon
Surrey
CR0 0XZ





REGISTERED NUMBER: 09925796 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ
Page 1
Clearview International Ltd (Registered number: 09925796)

Balance Sheet
30 June 2020

2020 2018
Notes £    £   
CURRENT ASSETS
Debtors 4 45,832 100
Cash at bank 42,831 -
88,663 100
CREDITORS
Amounts falling due within one year 5 (38,953 ) -
NET CURRENT ASSETS 49,710 100
TOTAL ASSETS LESS CURRENT
LIABILITIES
49,710
100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6 49,610 -
49,710 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2020 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2020 and were
signed on its behalf by:





L J Adams - Director


The notes form part of these financial statements

Page 2
Clearview International Ltd (Registered number: 09925796)

Notes to the Financial Statements
for the Period 1 January 2019 to 30 June 2020

1. STATUTORY INFORMATION

Clearview International Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company continued to be that of the sound recording and music publishing activities.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

TAXATION
The tax expense represents the tax currently payable.

CURRENT TAX

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported
in the profit and loss account because it excludes items of income or expense that are taxable or deductible in
other years and it further excludes 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 reporting end date.

FOREIGN EXCHANGE
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of
exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the
date of the transaction. All differences are taken to profit and loss account.

GOING CONCERN
At the time of approving the financial statements, the directors have a reasonable expectation that the company
has adequate resources to continue in operational existence for the foreseeable future. Thus the directors
continue to adopt the going concern basis of accounting in preparing the financial statements and will continue to
support the company financially.

FINANCIAL INSTRUMENTS
The company only enters into basic financial transactions that result in recognition of financial assets and
liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related
parties and investments in non-puttable ordinary shares.

PROVISION FOR LIABILITY
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation
that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the
amount of the obligation.

Provisions are charged as an expense to the Statement of Income and retained earnings in the year that the
Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the
expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Page 3 continued...
Clearview International Ltd (Registered number: 09925796)

Notes to the Financial Statements - continued
for the Period 1 January 2019 to 30 June 2020

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2018 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2018
£    £   
Trade debtors 14,282 -
Directors' current accounts 100 -
Called up share capital not paid - 100
Prepayment 83 -
Accrued Income 31,367 -
45,832 100

The directors consider the carrying value of trade and other receivables approximate to their fair values.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2018
£    £   
Trade creditors 975 -
Corporation tax payable 11,637 -
VAT 4,835 -
Westside Enterprise Ltd 48 -
Accruals 21,458 -
38,953 -

The directors consider the carrying value of trade and other receivables approximate to their fair values.

6. RESERVES

Profit and loss reserves

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any
distributions made to the company's shareholders. This is a distributable reserve.

7. RELATED PARTY DISCLOSURES

At the balance sheet date included in other debtors were amounts due from Laurance John Adams £51 and due
from George Frederick Kimpton £ 49 the directors of the company.

As at the balance sheet date, included in other creditors is amount due to £48 due to Westside Enterprise Ltd a
company under common control.

During the year, royalty expense of £68,944 were paid to Burning Girl Productions Ltd, a company owned and
controlled by the director George Frederick Kimpton.

8. POST BALANCE SHEET EVENTS

Since the year end, the Coronavirus (COVID-19) has emerged globally resulting in a significant impact on
businesses worldwide. As a result some business operations have been restricted, however the company
continues to operate using alternative methods and remote working. The directors are unable to evaluate the
overall financial impact on the business at present. Hence financial statements do not include any adjustments
that might result from the outcome of this uncertainty. The directors are continuing to monitor, assess and act to
the current changing environment in order to position the company to ensure its future success.

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