Clearview Ventures Limited - Abbreviated accounts 16.1

Clearview Ventures Limited - Abbreviated accounts 16.1

CLEARVIEW VENTURES LIMITED - Company Information

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REGISTERED NUMBER: 06493488 (England and Wales)
























CLEARVIEW VENTURES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 29 FEBRUARY 2016






CLEARVIEW VENTURES LIMITED (REGISTERED NUMBER: 06493488)

CONTENTS OF THE ABBREVIATED ACCOUNTS
For The Year Ended 29 February 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

CLEARVIEW VENTURES LIMITED

COMPANY INFORMATION
For The Year Ended 29 February 2016







DIRECTOR: T F Forster





SECRETARY: Ms J J Rutherford





REGISTERED OFFICE: 41B Brixworth Road
Spratton
Northampton
Northamptonshire
NN6 8HH





REGISTERED NUMBER: 06493488 (England and Wales)





ACCOUNTANTS: Haines Watts Northamptonshire Limited
26-28 Headlands
Kettering
Northamptonshire
NN15 7HP
Page 1
CLEARVIEW VENTURES LIMITED (REGISTERED NUMBER: 06493488)

ABBREVIATED BALANCE SHEET
29 February 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 19,567 911

CURRENT ASSETS
Debtors 17,116 13,902
Cash at bank 41,467 73,647
58,583 87,549
CREDITORS
Amounts falling due within one year 11,638 23,512
NET CURRENT ASSETS 46,945 64,037
TOTAL ASSETS LESS CURRENT
LIABILITIES
66,512
64,948

PROVISIONS FOR LIABILITIES 3,914 182
NET ASSETS 62,598 64,766

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account 62,597 64,765
SHAREHOLDERS' FUNDS 62,598 64,766

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 22 June 2016 and were signed by:





T F Forster - Director


The notes form part of these abbreviated accounts

Page 2
CLEARVIEW VENTURES LIMITED (REGISTERED NUMBER: 06493488)

NOTES TO THE ABBREVIATED ACCOUNTS
For The Year Ended 29 February 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
In accordance with the principles of revenue recognition as stated in UITF 40 and Application Note G, turnover
represents the value of work done in the accounting period, including estimates of amounts not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date where transactions or events have occurred at that date that will result in an obligation to
pay more, or a right to pay less or to receive more tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in
which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance
sheet date.

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 the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2015 3,016
Additions 25,897
At 29 February 2016 28,913
DEPRECIATION
At 1 March 2015 2,105
Charge for year 7,241
At 29 February 2016 9,346
NET BOOK VALUE
At 29 February 2016 19,567
At 28 February 2015 911

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary £1.00 1 1

Page 3 continued...
CLEARVIEW VENTURES LIMITED (REGISTERED NUMBER: 06493488)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
For The Year Ended 29 February 2016


4. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2016 and
28 February 2015:

2016 2015
£    £   
T F Forster
Balance outstanding at start of year - -
Amounts advanced 8,618 -
Amounts repaid - -
Balance outstanding at end of year 8,618 -

The loan to the director is repayable on demand and carries no rate of interest. The loan was cleared in full by
31 May 2016.

Page 4