Abbreviated Company Accounts - CLEAR PROPERTIES LTD

CLEAR PROPERTIES LTD - Company Information

09376124 CLEAR PROPERTIES LTD 2016-01-31 false 2015-01-06 2016-01-31 true 09376124 2015-01-06 2016-01-31 09376124 2016-01-31 09376124 uk-gaap-cd-bus:Director1 2015-01-06 2016-01-31 09376124 uk-gaap-cd-bus:Director2 2015-01-06 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-06 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-01-31 iso4217:GBP shares

Registered Number 09376124

CLEAR PROPERTIES LTD

Abbreviated Accounts

31 January 2016

CLEAR PROPERTIES LTD Registered Number 09376124

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016
		£
Fixed assets
Tangible assets	2	1,115,222
		1,115,222
Current assets
Debtors		16,286
Cash at bank and in hand		6,300
		22,586
Creditors: amounts falling due within one year		(1,099,011)
Net current assets (liabilities)		(1,076,425)
Total assets less current liabilities		38,797
Total net assets (liabilities)		38,797
Capital and reserves
Called up share capital	3	1
Profit and loss account		38,796
Shareholders' funds		38,797

For the year ending 31 January 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 14 December 2016

And signed on their behalf by:
HADASSAH IWANIER, Director

CLEAR PROPERTIES LTD Registered Number 09376124

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the period.

Other accounting policies
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Tangible fixed assets

	£
Cost
Additions	1,115,222
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	1,115,222
Depreciation
Charge for the year	-
On disposals	-
At 31 January 2016	-
Net book values
At 31 January 2016	1,115,222

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £
1 Ordinary shares of £1 each	1