CLIFFWAY LIMITED

Company Registration Number:
00759869 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

CLIFFWAY LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

CLIFFWAY LIMITED

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 905,000 880,000
Investments: 4 102,244 108,021
Total fixed assets: 1,007,244 988,021
Current assets
Cash at bank and in hand: 113,243 170,075
Total current assets: 113,243 170,075
Creditors: amounts falling due within one year: 5 (2,400) (2,081)
Net current assets (liabilities): 110,843 167,994
Total assets less current liabilities: 1,118,087 1,156,015
Provision for liabilities: (117,899) (119,942)
Total net assets (liabilities): 1,000,188 1,036,073
Capital and reserves
Called up share capital: 2,210 2,210
Other reserves: 790 790
Profit and loss account: 997,188 1,033,073
Shareholders funds: 1,000,188 1,036,073

The notes form part of these financial statements

CLIFFWAY LIMITED

Balance sheet statements

For the year ending 30 April 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 08 November 2024
and signed on behalf of the board by:

Name: G P Cox
Status: Director

The notes form part of these financial statements

CLIFFWAY LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 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

Turnover policy

Turnover represents rental income receivable

Valuation and information policy

Investments (including investment properties) are stated at fair value with any changes in value being shown in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the investments are sold.

Other accounting policies

Deferred taxation – Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

CLIFFWAY LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 6 6

CLIFFWAY LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible Assets

Total
Cost £
At 01 May 2023 880,000
Revaluations 25,000
At 30 April 2024 905,000
Net book value
At 30 April 2024 905,000
At 30 April 2023 880,000

Investment properties are included at a valuation made by the directors as at 30 April 2024 based on a professional valuation made in April 2024. The historical cost of investment properties is £409,803 (2023: £409,803). There is a fair value reserve associated with these assets of £495,197 (2023: £470,197).

CLIFFWAY LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Fixed investments

Fair Value At 1 May 2023 - £108,021 Revaluation - £(5,777) At 30 April 2024 - £102,244 Net Book Value At 30 April 2024 - £102,244 At 30 April 2023 - £108,021 The historical cost of these investments is £706 (2023: £706). There is a fair value reserve associated with these assets of £101,538 (2023: £107,315).

CLIFFWAY LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due within one year note

CorporationtTax - £nil (2023: £1) Other creditors - £2,400 (2023: £2,080) Total - £2,400 (2023: £2,081)

CLIFFWAY LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Related party transactions

Dividends amounting to £11,250 (2023: £7,500) each were paid to G P Cox and N M Cox, and £10,650 (£7,100) was paid to G R Demopoulos during the year (in each case the figure includes persons connected to the individual named).