Clearview Ventures Limited - Accounts to registrar (filleted) - small 18.1

Clearview Ventures Limited - Accounts to registrar (filleted) - small 18.1


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REGISTERED NUMBER: 06493488(England and Wales)
























CLEARVIEW VENTURES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2018






CLEARVIEW VENTURES LIMITED (REGISTERED NUMBER: 06493488)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


CLEARVIEW VENTURES LIMITED

COMPANY INFORMATION
For The Year Ended 28 February 2018







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 (SEM) Limited
26-28 Headlands
Kettering
Northamptonshire
NN15 7HP

CLEARVIEW VENTURES LIMITED (REGISTERED NUMBER: 06493488)

BALANCE SHEET
28 February 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,948 16,456

CURRENT ASSETS
Debtors 5 30,115 14,806
Cash at bank 38,868 58,321
68,983 73,127
CREDITORS
Amounts falling due within one year 6 17,601 18,917
NET CURRENT ASSETS 51,382 54,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,330

70,666

PROVISIONS FOR LIABILITIES 2,471 3,333
NET ASSETS 61,859 67,333

CAPITAL AND RESERVES
Called up share capital 7 4 1
Retained earnings 61,855 67,332
SHAREHOLDERS' FUNDS 61,859 67,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 11 June 2018and were signed by:





T F Forster- Director


CLEARVIEW VENTURES LIMITED (REGISTERED NUMBER: 06493488)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2018


1. STATUTORY INFORMATION

Clearview Ventures 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. ACCOUNTING POLICIES

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

Turnover
In accordance with the principles of revenue recognition as stated in FRS 102, turnover is calculated by
reference to the stage of completion of the transaction as at the end of 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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1(2017 - 1) .

CLEARVIEW VENTURES LIMITED (REGISTERED NUMBER: 06493488)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 February 2018


4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2017 23,936 5,449 29,385
Additions - 1,596 1,596
Disposals - (1,176 ) (1,176 )
At 28 February 2018 23,936 5,869 29,805
DEPRECIATION
At 1 March 2017 10,472 2,457 12,929
Charge for year 3,366 1,738 5,104
Eliminated on disposal - (1,176 ) (1,176 )
At 28 February 2018 13,838 3,019 16,857
NET BOOK VALUE
At 28 February 2018 10,098 2,850 12,948
At 28 February 2017 13,464 2,992 16,456

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 21,290 8,437
Directors' current accounts 8,825 6,369
30,115 14,806

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Finance leases 445 -
Tax 9,783 9,801
Social security and other taxes 65 1,016
VAT 5,556 3,855
Other creditors 112 2,720
Accruals and deferred income 1,640 1,525
17,601 18,917

CLEARVIEW VENTURES LIMITED (REGISTERED NUMBER: 06493488)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 February 2018


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
1 Ordinary £1 1 1
1 "A" £1 1 -
1 "B" £1 1 -
1 "C" £1 1 -
4 1

Allotted and issued:
Number: Class: Nominal 2018 2017
value: £    £   
1 "A" £1 1 -
1 "B" £1 1 -
1 "C" £1 1 -
3 -

The following shares were issued during the year for cash at par :

1"A" share of £1
1"B" share of £1
1"C" share of £1

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2018 and
28 February 2017:

2018 2017
£    £   
T F Forster
Balance outstanding at start of year 6,369 8,618
Amounts advanced 8,825 6,369
Amounts repaid (6,369 ) (8,618 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,825 6,369

The Directors' loan account is interest free, unsecured and repayable on demand.

The Director's loan account balance was repaid within 9 months of the year end date.