IRIS Accounts Production v19.1.0.735 02956726 Board of Directors 1.9.17 31.8.18 31.8.18 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 02956726 2017-08-31 02956726 2018-08-31 02956726 2017-09-01 2018-08-31 02956726 2016-08-31 02956726 2016-09-01 2017-08-31 02956726 2017-08-31 02956726 ns15:EnglandWales 2017-09-01 2018-08-31 02956726 ns14:PoundSterling 2017-09-01 2018-08-31 02956726 ns10:Director1 2017-09-01 2018-08-31 02956726 ns10:PrivateLimitedCompanyLtd 2017-09-01 2018-08-31 02956726 ns10:SmallEntities 2017-09-01 2018-08-31 02956726 ns10:AuditExempt-NoAccountantsReport 2017-09-01 2018-08-31 02956726 ns10:SmallCompaniesRegimeForDirectorsReport 2017-09-01 2018-08-31 02956726 ns10:SmallCompaniesRegimeForAccounts 2017-09-01 2018-08-31 02956726 ns10:FullAccounts 2017-09-01 2018-08-31 02956726 ns10:OrdinaryShareClass1 2017-09-01 2018-08-31 02956726 ns10:Director2 2017-09-01 2018-08-31 02956726 ns10:CompanySecretary1 2017-09-01 2018-08-31 02956726 ns10:RegisteredOffice 2017-09-01 2018-08-31 02956726 ns5:CurrentFinancialInstruments 2018-08-31 02956726 ns5:CurrentFinancialInstruments 2017-08-31 02956726 ns5:Non-currentFinancialInstruments 2018-08-31 02956726 ns5:Non-currentFinancialInstruments 2017-08-31 02956726 ns5:ShareCapital 2018-08-31 02956726 ns5:ShareCapital 2017-08-31 02956726 ns5:RetainedEarningsAccumulatedLosses 2018-08-31 02956726 ns5:RetainedEarningsAccumulatedLosses 2017-08-31 02956726 ns5:LandBuildings 2017-09-01 2018-08-31 02956726 ns5:LandBuildings 2017-08-31 02956726 ns5:LandBuildings 2018-08-31 02956726 ns5:LandBuildings 2017-08-31 02956726 ns10:OrdinaryShareClass1 2018-08-31


REGISTERED NUMBER: 02956726 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2018

for

CLEARACO LIMITED

CLEARACO LIMITED (REGISTERED NUMBER: 02956726)






Contents of the Financial Statements
for the year ended 31 August 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLEARACO LIMITED

Company Information
for the year ended 31 August 2018







Directors: M Singh
K Singh





Secretary: K Singh





Registered office: 2 Water Court
Water Street
Birmingham
B3 1HP





Registered number: 02956726 (England and Wales)





Accountants: Haines Watts Birmingham LLP
Sterling House
71 Francis Road
Edgbaston
Birmingham
B16 8SP

CLEARACO LIMITED (REGISTERED NUMBER: 02956726)

Balance Sheet
31 August 2018

2018 2017
Notes £ £ £ £
Fixed assets
Tangible assets 4 60,726 60,726
Investment property 5 141,573 141,573
202,299 202,299

Current assets
Cash at bank and in hand 1,130 467

Creditors
Amounts falling due within one year 6 47,268 41,808
Net current liabilities (46,138 ) (41,341 )
Total assets less current liabilities 156,161 160,958

Creditors
Amounts falling due after more than one
year

7

73,259

83,216
Net assets 82,902 77,742

Capital and reserves
Called up share capital 8 100 100
Retained earnings 82,802 77,642
Shareholders' funds 82,902 77,742

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 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 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 Board of Directors on 2 May 2019 and were signed on its behalf by:





K Singh - Director


CLEARACO LIMITED (REGISTERED NUMBER: 02956726)

Notes to the Financial Statements
for the year ended 31 August 2018

1. Statutory information

Clearaco 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.

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


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes
in fair value is recognised in profit or loss.

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.

3. Employees and directors

The average number of employees during the year was 2 (2017 - 2 ) .

CLEARACO LIMITED (REGISTERED NUMBER: 02956726)

Notes to the Financial Statements - continued
for the year ended 31 August 2018

4. Tangible fixed assets
Land and
buildings
£
Cost
At 1 September 2017
and 31 August 2018 60,726
Net book value
At 31 August 2018 60,726
At 31 August 2017 60,726

5. Investment property
Total
£
Fair value
At 1 September 2017
and 31 August 2018 141,573
Net book value
At 31 August 2018 141,573
At 31 August 2017 141,573

6. Creditors: amounts falling due within one year
2018 2017
£ £
Bank loans and overdrafts 9,766 9,576
Taxation and social security 2,149 1,687
Other creditors 35,353 30,545
47,268 41,808

7. Creditors: amounts falling due after more than one year
2018 2017
£ £
Bank loans 24,533 34,490
Other creditors 48,726 48,726
73,259 83,216

8. Called up share capital


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £ £
100 Ordinary 1 100 100

CLEARACO LIMITED (REGISTERED NUMBER: 02956726)

Notes to the Financial Statements - continued
for the year ended 31 August 2018

9. Related party disclosures

Transactions with related parties

The following amounts were outstanding at the reporting end date:

Amounts owed to related parties 2018 2017
£    £   
Key management personnel 33,838 29,030