Clearaway Holdings Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09737362 (England and Wales)

Abbreviated Unaudited Accounts

for the period

18th August 2015 to 30th April 2016

for

CLEARAWAY HOLDINGS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

Mr I J Whitehair

Mr P I Whitehair

REGISTERED OFFICE:

Monometer House

Rectory Grove

Leigh on Sea

Essex

SS9 2HN

REGISTERED NUMBER:

09737362 (England and Wales)

ACCOUNTANTS:

Barrons

Chartered Accountants

Monometer House

Rectory Grove

Leigh on Sea

Essex

SS9 2HN

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Clearaway Holdings Limited for the period ended 30th April 2016 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Clearaway Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Clearaway Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Clearaway Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clearaway Holdings Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Clearaway Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Clearaway Holdings Limited. You consider that Clearaway Holdings Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Clearaway Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Barrons

Chartered Accountants

Monometer House

Rectory Grove

Leigh on Sea

Essex

SS9 2HN

27th January 2017

FIXED ASSETS

Investment property

2

395,052

CURRENT ASSETS

Debtors

7,000

Cash at bank and in hand

428

7,428

CREDITORS

Amounts falling due within one year

3

115,563

NET CURRENT LIABILITIES

(108,135

)

TOTAL ASSETS LESS CURRENT LIABILITIES

286,917

CREDITORS

Amounts falling due after more than one year

3

286,937

NET LIABILITIES

(20

)

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

(22

)

SHAREHOLDERS' FUNDS

(20

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th April 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th April 2016 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 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 Board of Directors on 27th January 2017 and were signed on its behalf by:

Mr P I Whitehair - Director

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

Turnover represents net sales of services, excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Deferred tax

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

sheet date.

2.	INVESTMENT PROPERTY

Total

£

COST

Additions

395,052

At 30th April 2016

395,052

NET BOOK VALUE

At 30th April 2016

395,052

3.

CREDITORS

Creditors include an amount of £ 295,682 for which security has been given.

They also include the following debts falling due in more than five years:

£

Repayable by instalments

259,371

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

£1

2

2 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.