Clarestar Management Ltd - Accounts to registrar (filleted) - small 22.3

Clarestar Management Ltd - Accounts to registrar (filleted) - small 22.3

CLARESTAR MANAGEMENT LTD - Company Information

Print Friendly Version

IRIS Accounts Production v22.4.0.132 03281747 Board of Directors 1.4.21 31.3.22 31.3.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure032817472021-03-31032817472022-03-31032817472021-04-012022-03-31032817472020-03-31032817472020-04-012021-03-31032817472021-03-3103281747ns16:EnglandWales2021-04-012022-03-3103281747ns15:PoundSterling2021-04-012022-03-3103281747ns11:Director12021-04-012022-03-3103281747ns11:PrivateLimitedCompanyLtd2021-04-012022-03-3103281747ns11:SmallEntities2021-04-012022-03-3103281747ns11:AuditExempt-NoAccountantsReport2021-04-012022-03-3103281747ns11:SmallCompaniesRegimeForDirectorsReport2021-04-012022-03-3103281747ns11:SmallCompaniesRegimeForAccounts2021-04-012022-03-3103281747ns11:FullAccounts2021-04-012022-03-3103281747ns6:CurrentFinancialInstruments2022-03-3103281747ns6:CurrentFinancialInstruments2021-03-3103281747ns6:ShareCapital2022-03-3103281747ns6:ShareCapital2021-03-3103281747ns6:RetainedEarningsAccumulatedLosses2022-03-3103281747ns6:RetainedEarningsAccumulatedLosses2021-03-3103281747ns6:FurnitureFittings2021-04-012022-03-3103281747ns6:ComputerEquipment2021-04-012022-03-3103281747ns6:FurnitureFittings2021-03-3103281747ns6:ComputerEquipment2021-03-3103281747ns6:FurnitureFittings2022-03-3103281747ns6:ComputerEquipment2022-03-3103281747ns6:FurnitureFittings2021-03-3103281747ns6:ComputerEquipment2021-03-3103281747ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3103281747ns6:WithinOneYearns6:CurrentFinancialInstruments2021-03-31
REGISTERED NUMBER: 03281747 (England and Wales)



















CLARESTAR MANAGEMENT LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022






CLARESTAR MANAGEMENT LTD (REGISTERED NUMBER: 03281747)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Balance Sheet 1

Notes to the Financial Statements 2 to 3


CLARESTAR MANAGEMENT LTD (REGISTERED NUMBER: 03281747)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 668 356

CURRENT ASSETS
Stocks 5 - 2,600
Debtors 6 - 40
Cash at bank 108,353 73,780
108,353 76,420
CREDITORS
Amounts falling due within one year 7 106,700 76,715
NET CURRENT ASSETS/(LIABILITIES) 1,653 (295 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,321
61

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,319 59
SHAREHOLDERS' FUNDS 2,321 61

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2023 and were signed on its behalf by:




Mr M M Friedlander - Director


The notes on pages 2 to 3 form part of these financial statements

Page 1
CLARESTAR MANAGEMENT LTD (REGISTERED NUMBER: 03281747)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATEMENT OF COMPLIANCE

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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Office equipment - 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 (2021 - 2 ) .

Page 2
CLARESTAR MANAGEMENT LTD (REGISTERED NUMBER: 03281747)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 April 2021 9,509 - 9,509
Additions - 459 459
At 31 March 2022 9,509 459 9,968
DEPRECIATION
At 1 April 2021 9,153 - 9,153
Charge for year 53 94 147
At 31 March 2022 9,206 94 9,300
NET BOOK VALUE
At 31 March 2022 303 365 668
At 31 March 2021 356 - 356

5. STOCKS
2022 2021
£    £   
Work-in-progress - 2,600

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors - 40

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 5,680 5,778
Other creditors 101,020 70,937
106,700 76,715

Page 3