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Registered number: 14654679
Cliftway Property Investment Limited
Unaudited Financial Statements
For the Period 10 February 2023 to 29 February 2024
Optimise Accountants Ltd
ACCA
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14654679
29 February 2024
Notes £ £
FIXED ASSETS
Investment Properties 4 152,443
152,443
CURRENT ASSETS
Cash at bank and in hand 9,706
9,706
Creditors: Amounts Falling Due Within One Year 5 (91,712 )
NET CURRENT ASSETS (LIABILITIES) (82,006 )
TOTAL ASSETS LESS CURRENT LIABILITIES 70,437
Creditors: Amounts Falling Due After More Than One Year 6 (109,319 )
NET LIABILITIES (38,882 )
CAPITAL AND RESERVES
Called up share capital 8 100
Profit and Loss Account (38,982 )
SHAREHOLDERS' FUNDS (38,882)
Page 1
Page 2
For the period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Clifton-Burraway
Director
24/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cliftway Property Investment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14654679 . The registered office is 39 Clevedon Road, London, SE20 7QQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Investment Property
29 February 2024
£
Fair Value
As at 10 February 2023 -
Additions 152,443
As at 29 February 2024 152,443
5. Creditors: Amounts Falling Due Within One Year
29 February 2024
£
Director's loan account 91,712
6. Creditors: Amounts Falling Due After More Than One Year
29 February 2024
£
Bank loans 109,319
7. Secured Creditors
Of the creditors the following amounts are secured.
29 February 2024
£
Bank loans and overdrafts 109,319
Page 3
Page 4
8. Share Capital
29 February 2024
£
Allotted, Called up and fully paid 100
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr David Clifton-Burraway by virtue of his ownership of 100% of the issued share capital in the company.
Page 4