Clever Funds Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10973351 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Clever Funds Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs N Cornish

S De Rycke

G A Roberts

Dr H N Shirman

C G A Wilde

S A Quiligotti

REGISTERED OFFICE:

Watergate House

Watergate Street

Chester

Cheshire

CH1 2LF

REGISTERED NUMBER:

10973351 (England and Wales)

ACCOUNTANTS:

Bennett Brooks & Co Ltd

Chartered Accountants

14 Grosvenor Court

Foregate Street

Chester

Cheshire

CH1 1HG

CURRENT ASSETS

Debtors

4

128

128

Cash at bank

1,105

6,766

1,233

6,894

CREDITORS

Amounts falling due within one year

5

(122,385

)

(120,419

)

NET CURRENT LIABILITIES

(121,152

)

(113,525

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(121,152

)

(113,525

)

CAPITAL AND RESERVES

Called up share capital

128

128

Retained earnings

(121,280

)

(113,653

)

(121,152

)

(113,525

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2023 and were signed on its behalf by:

C G A Wilde - Director

1.	STATUTORY INFORMATION

Clever Funds 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.

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 1 (2022 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

128

128

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Taxation and social security

108

108

Other creditors

122,277

120,311

122,385

120,419

6.	RELATED PARTY DISCLOSURES

Included in other creditors is £121,617 (2022 £119,591) owed to Clever Adviser Technology Limited, a company in which directors and shareholders Mr C G A Wilde, Mr H N Shirman, Mrs N Cornish, Mr S Quiligotti, Mr G A Roberts and Mr S De Rycke are also directors and shareholders.

7.	ULTIMATE CONTROLLING PARTY

During the year ended 30 September 2023 Mr C G A Wilde controlled the company by virtue of owning the majority of the issued shares.