Company Registration No. 10617489 (England and Wales)
Cliffside Ltd
Unaudited accounts
for the year ended 31 May 2024
Cliffside Ltd
Unaudited accounts
Contents
Cliffside Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
1,463,867
1,780,929
Cash at bank and in hand
5,081
1,641
Creditors: amounts falling due within one year
(97,008)
(642,996)
Net current assets/(liabilities)
15,479
(533,220)
Total assets less current liabilities
1,479,346
1,247,709
Creditors: amounts falling due after more than one year
(1,097,368)
(1,017,033)
Provisions for liabilities
Deferred tax
(64,124)
(64,124)
Net assets
317,854
166,552
Called up share capital
1
1
Revaluation reserve
200,321
200,321
Profit and loss account
117,532
(33,770)
Shareholders' funds
317,854
166,552
For the year ending 31 May 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 21 May 2025 and were signed on its behalf by
Mr SB Kornbluh
Director
Company Registration No. 10617489
Cliffside Ltd
Notes to the Accounts
for the year ended 31 May 2024
Cliffside Ltd is a private company, limited by shares, registered in England and Wales, registration number 10617489.
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.
4
Tangible fixed assets
Land & buildings
Carrying amount of land and buildings on cost basis
1,194,530
1,516,484
Cliffside Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
(5,883)
(5,154)
Other debtors
113,289
113,289
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
97,008
642,996
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,097,368
1,017,033
8
Deferred taxation
2024
2023
Revaluation of land and buildings
64,124
64,124
Provision at start of year
64,124
-
Charged to the profit and loss account
-
64,124
Provision at end of year
64,124
64,124
9
Average number of employees
During the year the average number of employees was 0 (2023: 1).