1 September 2021 false Taxfiler 2023.10.2 12832147business:PrivateLimitedCompanyLtd2021-09-012022-08-31 128321472021-08-31 128321472021-09-012022-08-31 12832147business:AuditExemptWithAccountantsReport2021-09-012022-08-31 12832147business:FilletedAccounts2021-09-012022-08-31 128321472022-08-31 12832147business:Director12021-09-012022-08-31 12832147business:RegisteredOffice2021-09-012022-08-31 128321472021-08-31 12832147core:WithinOneYear2022-08-31 12832147core:WithinOneYear2021-08-31 12832147core:AfterOneYear2022-08-31 12832147core:AfterOneYear2021-08-31 12832147core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 12832147core:ShareCapitalcore:PreviouslyStatedAmount2021-08-31 12832147core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 12832147core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-08-31 12832147core:PreviouslyStatedAmount2022-08-31 12832147core:PreviouslyStatedAmount2021-08-31 12832147business:SmallEntities2021-09-012022-08-31 12832147countries:EnglandWales2021-09-012022-08-31 12832147core:RevaluationInvestmentPropertyDeferredTax2022-08-31 12832147core:RevaluationInvestmentPropertyDeferredTax2021-08-31 128321472020-08-23 128321472020-08-242021-08-31 12832147business:OrdinaryShareClass12021-09-012022-08-31 12832147business:OrdinaryShareClass12020-08-242021-08-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 12832147 (England and Wales)
CROSS COUNTRY PARTNERS AND SHAH LIMITED Unaudited accounts for the year ended 31 August 2022
CROSS COUNTRY PARTNERS AND SHAH LIMITED Unaudited accounts Contents
Page
- 2 -
CROSS COUNTRY PARTNERS AND SHAH LIMITED Company Information for the year ended 31 August 2022
Director
Warjinder Singh KHAMBA
Company Number
12832147 (England and Wales)
Registered Office
25 LLANBERIS GROVE NOTTINGHAM NG8 5DP ENGLAND
Accountants
Sajjad Hussain Unit 46, Nottingham Business Centres Lenton Boulevard Nottingham NG7 2BY
- 3 -
CROSS COUNTRY PARTNERS AND SHAH LIMITED Statement of financial position as at 31 August 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Investment property
1,357,444 
930,975 
Current assets
Debtors
242,598 
- 
Cash at bank and in hand
157 
16,673 
242,755 
16,673 
Creditors: amounts falling due within one year
(1,150)
(511,557)
Net current assets/(liabilities)
241,605 
(494,884)
Total assets less current liabilities
1,599,049 
436,091 
Creditors: amounts falling due after more than one year
(1,667,993)
(423,845)
Provisions for liabilities
Deferred tax
(14,633)
(14,633)
Net liabilities
(83,577)
(2,387)
Capital and reserves
Called up share capital
2 
1 
Profit and loss account
(83,579)
(2,388)
Shareholders' funds
(83,577)
(2,387)
For the year ending 31 August 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 29 November 2023 and were signed on its behalf by
Warjinder Singh KHAMBA Director Company Registration No. 12832147
- 4 -
CROSS COUNTRY PARTNERS AND SHAH LIMITED Notes to the Accounts for the year ended 31 August 2022
1
Statutory information
CROSS COUNTRY PARTNERS AND SHAH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12832147. The registered office is 25 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 September 2021
930,975 
Additions
426,469 
At 31 August 2022
1,357,444 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due after more than one year
Other debtors
242,598 
- 
- 5 -
CROSS COUNTRY PARTNERS AND SHAH LIMITED Notes to the Accounts for the year ended 31 August 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
425 
- 
Amounts owed to group undertakings and other participating interests
- 
511,132 
Accruals
725 
425 
1,150 
511,557 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
369,468 
423,845 
Other creditors
1,298,525 
- 
1,667,993 
423,845 
8
Deferred taxation
2022 
2021 
£ 
£ 
Revaluation of investment property
14,633 
14,633 
2022 
2021 
£ 
£ 
Provision at start of year
14,633 
- 
Charged to the profit and loss account
- 
14,633 
Provision at end of year
14,633 
14,633 
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
Churchlane Property Development Limited - 50% Shareholding Warjinder Singh Khamba - 50% Shareholding
11
Average number of employees
During the year the average number of employees was 0 (2021: 0).
- 6 -