Company Registration No. 00730368 (England and Wales)
Clarus Limited
Unaudited accounts
for the year ended 30 June 2019
Clarus Limited
Unaudited accounts
Contents
Clarus Limited
Company Information
for the year ended 30 June 2019
Directors
Philip Ternent
Karen Ternent
Joseph Seery
Vivien Seery
Company Number
00730368 (England and Wales)
Registered Office
17 Linden Road
Gosforth
Newcastle Upon Tyne
Tyne and Wear
NE3 4EY
United Kingdom
Accountants
JG Accounting Services
17 Hollywood Avenue
Gosforth
Newcastle upon Tyne
NE3 5BQ
Clarus Limited
Statement of financial position
as at 30 June 2019
Tangible assets
59,056
65,656
Investment property
2,999,017
2,909,303
Cash at bank and in hand
248,180
313,452
Creditors: amounts falling due within one year
(458,543)
(485,662)
Net current liabilities
(209,613)
(172,210)
Total assets less current liabilities
2,848,460
2,802,749
Creditors: amounts falling due after more than one year
(1,843,218)
(1,859,213)
Net assets
1,005,242
943,536
Called up share capital
17,095
17,095
Revaluation reserve
317,615
317,615
Profit and loss account
670,532
608,826
Shareholders' funds
1,005,242
943,536
For the year ending 30 June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 March 2020.
Philip Ternent
Director
Company Registration No. 00730368
Clarus Limited
Notes to the Accounts
for the year ended 30 June 2019
Clarus Limited is a private company, limited by shares, registered in England and Wales, registration number 00730368. The registered office is 17 Linden Road, Gosforth, Newcastle Upon Tyne, Tyne and Wear, NE3 4EY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost and 2% on cost
Clarus Limited
Notes to the Accounts
for the year ended 30 June 2019
4
Tangible fixed assets
Plant & machinery
Fair value at 1 July 2018
2,909,303
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.
No depreciation is provided for in respect of investment properties in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008). Such properties are held for their investment potential and not for consumption within the business. This is a departure from the Companies Act 2006 which requires all properties to be depreciated and the directors consider that to depreciate them would not enable the financial statements to give a true and fair view. Investments properties are stated at their market value at the balance sheet date.
Accrued income and prepayments
750
-
7
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
2,394
2,394
Loans from directors
456,149
472,149
8
Creditors: amounts falling due after more than one year
2019
2018
Bank loans
1,843,218
1,859,213
Clarus Limited
Notes to the Accounts
for the year ended 30 June 2019
Allotted, called up and fully paid:
17,095 Ordinary shares of £1 each
17,095
17,095
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 in which they relate
The company's controlling party is unknown.
12
Average number of employees
During the year the average number of employees was 0 (2018: 0).
