SOUTH CLIFF (KENT) LIMITED

Company Registration Number:
11593472 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

SOUTH CLIFF (KENT) LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

SOUTH CLIFF (KENT) LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Investments: 3 1,857,733 1,857,733
Total fixed assets: 1,857,733 1,857,733
Current assets
Debtors:   932,981 485,054
Cash at bank and in hand: 16,220 30,337
Total current assets: 949,201 515,391
Creditors: amounts falling due within one year:   (1,588,298) (1,081,416)
Net current assets (liabilities): (639,097) (566,025)
Total assets less current liabilities: 1,218,636 1,291,708
Creditors: amounts falling due after more than one year:   (1,212,385) (1,289,361)
Total net assets (liabilities): 6,251 2,347
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 6,151 2,247
Shareholders funds: 6,251 2,347

The notes form part of these financial statements

SOUTH CLIFF (KENT) LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 December 2024
and signed on behalf of the board by:

Name: Dr Ashkan Pitchforth
Status: Director

The notes form part of these financial statements

SOUTH CLIFF (KENT) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Other accounting policies

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 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

SOUTH CLIFF (KENT) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

SOUTH CLIFF (KENT) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Fixed investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss. A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a longterm interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate. Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities

SOUTH CLIFF (KENT) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Loans to directors

Name of director receiving advance or credit: Dr. Ashkan Pitchforth
Description of the loan: During the year, an amount of £88,114 was advanced to Dr. Ashkan Pitchforth. Interest has been charged at HMRC's official rate.
£
Balance at 01 April 2023 0
Advances or credits made: 88,114
Balance at 31 March 2024 88,114
Name of director receiving advance or credit: Dr Manar Elalami
Description of the loan: During the year, an amount of £88,114 was advanced to Dr Manar Elalami. Interest has been charged at HMRC's official rate.
£
Balance at 01 April 2023 0
Advances or credits made: 88,114
Balance at 31 March 2024 88,114

SOUTH CLIFF (KENT) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Related party transactions

Name of the related party: Southcliff Ltd
Relationship:
Associate
Description of the Transaction: At the start of the year another company under common control owed £228,298 to South Cliff (Kent) Limited. During the year a total of £69,509 was repaid and a further £64,685 was loaned. The total amount due from the company under common control at the Balance Sheet date was £223,474. This balance is included in debtors (Amount owed from South cliff Ltd). There were no set repayment terms, nor interest charged.
£
Balance at 01 April 2023 228,298
Balance at 31 March 2024 223,474
Name of the related party: Dumbledore Dental Care Ltd
Relationship:
Associate
Description of the Transaction: At the start of the year another company under common control owed £256,656 to South Cliff (Kent) Limited. During the year a total of £22,959 was repaid and a further £240,001 was loaned. The total amount due from the company under common control at the Balance Sheet date was £473,701. This balance is included in debtors ( Amount owed from Dumbledore dental care Ltd). There were no set repayment terms, nor interest charged.
£
Balance at 01 April 2023 256,656
Balance at 31 March 2024 473,701