1 July 2021 false No description of principal activity Taxfiler 2023.9 12643952business:PrivateLimitedCompanyLtd2021-07-012022-06-30 126439522021-06-30 126439522021-07-012022-06-30 12643952business:AuditExemptWithAccountantsReport2021-07-012022-06-30 12643952business:FilletedAccounts2021-07-012022-06-30 126439522022-06-30 12643952business:Director12021-07-012022-06-30 12643952business:RegisteredOffice2021-07-012022-06-30 126439522021-06-30 12643952core:WithinOneYear2022-06-30 12643952core:WithinOneYear2021-06-30 12643952core:AfterOneYear2022-06-30 12643952core:AfterOneYear2021-06-30 12643952core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 12643952core:ShareCapitalcore:PreviouslyStatedAmount2021-06-30 12643952core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 12643952core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-06-30 12643952core:PreviouslyStatedAmount2022-06-30 12643952core:PreviouslyStatedAmount2021-06-30 12643952business:SmallEntities2021-07-012022-06-30 12643952countries:EnglandWales2021-07-012022-06-30 12643952core:RevaluationInvestmentPropertyDeferredTax2022-06-30 12643952core:RevaluationInvestmentPropertyDeferredTax2021-06-30 126439522020-06-032021-06-30 12643952business:OrdinaryShareClass12021-07-012022-06-30 12643952business:OrdinaryShareClass12020-06-032021-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 12643952 (England and Wales)
CROSS COUNTRY PARTNERS 3 LIMITED Unaudited accounts for the year ended 30 June 2022
CROSS COUNTRY PARTNERS 3 LIMITED Unaudited accounts Contents
Page
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CROSS COUNTRY PARTNERS 3 LIMITED Company Information for the year ended 30 June 2022
Director
Warjinder Singh KHAMBA
Company Number
12643952 (England and Wales)
Registered Office
31 LLANBERIS GROVE NOTTINGHAM NG8 5DP ENGLAND
Accountants
Sajjad Hussain Unit 46, Nottingham Business Centres Lenton Boulevard Nottingham NG7 2BY
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CROSS COUNTRY PARTNERS 3 LIMITED Statement of financial position as at 30 June 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Investment property
992,433 
538,976 
Current assets
Debtors
294,599 
42,630 
Cash at bank and in hand
342 
57 
294,941 
42,687 
Creditors: amounts falling due within one year
(1,000)
(275)
Net current assets
293,941 
42,412 
Total assets less current liabilities
1,286,374 
581,388 
Creditors: amounts falling due after more than one year
(940,611)
(594,441)
Provisions for liabilities
Deferred tax
(65,818)
- 
Net assets/(liabilities)
279,945 
(13,053)
Capital and reserves
Called up share capital
2 
1 
Profit and loss account
279,943 
(13,054)
Shareholders' funds
279,945 
(13,053)
For the year ending 30 June 2022 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 director acknowledges his 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.
The financial statements were approved by the Board and authorised for issue on 23 September 2023 and were signed on its behalf by
Warjinder Singh KHAMBA Director Company Registration No. 12643952
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CROSS COUNTRY PARTNERS 3 LIMITED Notes to the Accounts for the year ended 30 June 2022
1
Statutory information
CROSS COUNTRY PARTNERS 3 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12643952. The registered office is 31 LLANBERIS GROVE, NOTTINGHAM, NG8 5DP, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2022 
£ 
Fair value at 1 July 2021
538,976 
Additions
107,046 
Net gain from fair value adjustments
346,411 
At 30 June 2022
992,433 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due after more than one year
294,599 
42,630 
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CROSS COUNTRY PARTNERS 3 LIMITED Notes to the Accounts for the year ended 30 June 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
275 
- 
Accruals
725 
275 
1,000 
275 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
549,710 
353,710 
Trade creditors
143,764 
- 
Other creditors
247,137 
240,731 
940,611 
594,441 
8
Deferred taxation
2022 
2021 
£ 
£ 
Revaluation of investment property
65,818 
- 
2022 
2021 
£ 
£ 
Charged to the profit and loss account
65,818 
- 
Provision at end of year
65,818 
- 
9
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
1 
Shares issued during the period:
1 Ordinary shares of £1 each
1 
10
Controlling party
Brampton Group Developments - 50% Shareholding Warjinder Singh Khamba - 50% Shareholding
11
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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