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REGISTERED NUMBER: 10415605 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

KLIPDRIFT HOLDINGS LIMITED

KLIPDRIFT HOLDINGS LIMITED (REGISTERED NUMBER: 10415605)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


KLIPDRIFT HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: Mr D R Barnes



REGISTERED OFFICE: Birch Croft
Godalming
Surrey
GU7 1PD



REGISTERED NUMBER: 10415605 (England and Wales)



BANKERS: Cumberland Building Society
Cumberland House
Cooper Way
Carlisle
Cumbria
CA3 0JF

KLIPDRIFT HOLDINGS LIMITED (REGISTERED NUMBER: 10415605)

ABRIDGED BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 225,718 225,718

CURRENT ASSETS
Debtors 745 745
Cash at bank 57,646 48,615
58,391 49,360
CREDITORS
Amounts falling due within one year 4,442 2,516
NET CURRENT ASSETS 53,949 46,844
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,667

272,562

CREDITORS
Amounts falling due after more than one
year

245,026

241,017
NET ASSETS 34,641 31,545

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 34,541 31,445
SHAREHOLDERS' FUNDS 34,641 31,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KLIPDRIFT HOLDINGS LIMITED (REGISTERED NUMBER: 10415605)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 17 June 2024 and were signed by:





Mr D R Barnes - Director


KLIPDRIFT HOLDINGS LIMITED (REGISTERED NUMBER: 10415605)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Klipdrift Holdings 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.

Investment property
All of the company's investment properties are held for long-term investment and are included in the Balance Sheet at cost which is a departure from Financial Reporting Standard 102.

Depreciation is not provided in respect of investment properties.

Rental income
Rents received are recorded on an accruals basis and net of VAT.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 November 2022
and 31 October 2023 225,718
NET BOOK VALUE
At 31 October 2023 225,718
At 31 October 2022 225,718

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

6. RELATED PARTY DISCLOSURES

During the previous accounting period Klipdrift Holdings Limited obtained a loan from Blakerin International Holdings Limited, Mr D R Barnes is a director and 100% shareholder of both companies.

The loan balance as at 31st October 2023 was £245,026 (2022: £241,017).

KLIPDRIFT HOLDINGS LIMITED (REGISTERED NUMBER: 10415605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D R Barnes.