Company Registration No. 10561243 (England and Wales)
WHITE CLIFF PROPERTIES LIMITED
Unaudited accounts
for the year ended 31 January 2024
WHITE CLIFF PROPERTIES LIMITED
Unaudited accounts
Contents
WHITE CLIFF PROPERTIES LIMITED
Company Information
for the year ended 31 January 2024
Director
Warjinder Singh Khamba
Company Number
10561243 (England and Wales)
Registered Office
31 LLANBERIS GROVE
NOTTINGHAM
NG8 5DP
ENGLAND
WHITE CLIFF PROPERTIES LIMITED
Statement of financial position
as at 31 January 2024
Investment property
400,000
400,000
Investments
100,000
100,000
Cash at bank and in hand
2,775
6,191
Creditors: amounts falling due within one year
(9,645)
(2,801)
Net current assets
502,941
508,491
Total assets less current liabilities
1,002,941
1,008,491
Creditors: amounts falling due after more than one year
(723,000)
(725,506)
Provisions for liabilities
Deferred tax
(71,611)
(54,424)
Net assets
208,330
228,561
Called up share capital
100
100
Profit and loss account
208,230
228,461
Shareholders' funds
208,330
228,561
For the year ending 31 January 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 20 January 2025 and were signed on its behalf by
Warjinder Singh Khamba
Director
Company Registration No. 10561243
WHITE CLIFF PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 January 2024
WHITE CLIFF PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10561243. The registered office is 31 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
Investments in shares are included at fair value.
Fair value at 1 February 2023
400,000
At 31 January 2024
400,000
5
Investments
Other investments
Valuation at 1 February 2023
100,000
Valuation at 31 January 2024
100,000
WHITE CLIFF PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due after more than one year
Other debtors
509,811
505,101
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,770
1,251
Trade creditors
1,550
1,225
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
249,755
240,545
Loans from directors
439,215
439,215
9
Deferred taxation
2024
2023
Revaluation of investment property
71,611
54,424
Provision at start of year
54,424
54,424
Charged to the profit and loss account
17,187
-
Provision at end of year
71,611
54,424
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).