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REGISTERED NUMBER: 12661378 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SAINT CLIFTON LIMITED

SAINT CLIFTON LIMITED (REGISTERED NUMBER: 12661378)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SAINT CLIFTON LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: S Wilkinson





REGISTERED OFFICE: Finches Farm
Syd Brook Lane
Mawdesley
Ormskirk
L40 2RD





REGISTERED NUMBER: 12661378 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

SAINT CLIFTON LIMITED (REGISTERED NUMBER: 12661378)

STATEMENT OF FINANCIAL POSITION
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 445,386 445,386

CURRENT ASSETS
Debtors 5 212,986 41,119
Cash at bank 668 6,132
213,654 47,251
CREDITORS
Amounts falling due within one year 6 364,072 195,337
NET CURRENT LIABILITIES (150,418 ) (148,086 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

294,968

297,300

CREDITORS
Amounts falling due after more than one
year

7

317,899

317,899
NET LIABILITIES (22,931 ) (20,599 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (22,933 ) (20,601 )
(22,931 ) (20,599 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SAINT CLIFTON LIMITED (REGISTERED NUMBER: 12661378)

STATEMENT OF FINANCIAL POSITION - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 March 2025 and were signed by:





S Wilkinson - Director


SAINT CLIFTON LIMITED (REGISTERED NUMBER: 12661378)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Saint Clifton Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company made a small operating profit this year and has net liabilities as at 30 June 2024. The company remains reliant upon the continuing support, both financial and management, of its directors and shareholders and this has been confirmed for the foreseeable future.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Short term financial assets, including other debtors, cash and bank balances, are measured at the transaction price. Financial assets that have no stated interest rate and are recoverable within one year shall be measured at the undiscounted amount due.

Short term financial liabilities, including other creditors, are measured at the transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

SAINT CLIFTON LIMITED (REGISTERED NUMBER: 12661378)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 445,386
NET BOOK VALUE
At 30 June 2024 445,386
At 30 June 2023 445,386

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by participating interests 23,105 -
Other debtors 189,881 41,119
212,986 41,119

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 294 (620 )
Amounts owed to participating interests 359,548 189,937
Accrued expenses 4,230 6,020
364,072 195,337

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 317,899 317,899

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 317,899 317,899

Bank loans are secured by way of a legal charge against investment properties.

SAINT CLIFTON LIMITED (REGISTERED NUMBER: 12661378)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
S Wilkinson
Balance outstanding at start of year 41,117 (19,465 )
Amounts advanced 158,762 375,582
Amounts repaid (10,000 ) (315,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 189,879 41,117

Interest is being charged at 2.25%.