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Company Registration No. 13193081 (England and Wales)
CROSS COUNTRY PARTNERS 7 LIMITED Unaudited accounts for the year ended 29 February 2024
CROSS COUNTRY PARTNERS 7 LIMITED Unaudited accounts Contents
Page
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CROSS COUNTRY PARTNERS 7 LIMITED Company Information for the year ended 29 February 2024
Director
Warjinder Singh KHAMBA
Company Number
13193081 (England and Wales)
Registered Office
25 LLANBERIS GROVE NOTTINGHAM NG8 5DP ENGLAND
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CROSS COUNTRY PARTNERS 7 LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
740,000 
183,746 
Current assets
Debtors
386,230 
29,500 
Cash at bank and in hand
265 
2,557 
386,495 
32,057 
Creditors: amounts falling due within one year
(1,312)
(937)
Net current assets
385,183 
31,120 
Total assets less current liabilities
1,125,183 
214,866 
Creditors: amounts falling due after more than one year
(707,410)
(251,884)
Provisions for liabilities
Deferred tax
(123,535)
- 
Net assets/(liabilities)
294,238 
(37,018)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
294,237 
(37,019)
Shareholders' funds
294,238 
(37,018)
For the year 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 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 2024 and were signed on its behalf by
Warjinder Singh KHAMBA Director Company Registration No. 13193081
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CROSS COUNTRY PARTNERS 7 LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
CROSS COUNTRY PARTNERS 7 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13193081. 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
2024 
£ 
Fair value at 1 March 2023
183,746 
Additions
556,254 
At 29 February 2024
740,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
386,230 
29,500 
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CROSS COUNTRY PARTNERS 7 LIMITED Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
625 
275 
Loans from directors
312 
312 
Accruals
375 
350 
1,312 
937 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
566,100 
- 
Other creditors
141,310 
251,884 
707,410 
251,884 
8
Deferred taxation
2024 
2023 
£ 
£ 
Revaluation of investment property
123,535 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
123,535 
- 
Provision at end of year
123,535 
- 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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