Company Registration No. 12644094 (England and Wales)
CROSS COUNTRY PARTNERS 5 LIMITED
Unaudited accounts
for the year ended 30 June 2024
CROSS COUNTRY PARTNERS 5 LIMITED
Unaudited accounts
Contents
CROSS COUNTRY PARTNERS 5 LIMITED
Company Information
for the year ended 30 June 2024
Director
Warjinder Singh KHAMBA
Company Number
12644094 (England and Wales)
Registered Office
17 Castle Gate
Nottingham
Nottinghamshire
NG1 7AQ
England
CROSS COUNTRY PARTNERS 5 LIMITED
Statement of financial position
as at 30 June 2024
Investment property
3,108,290
2,332,975
Cash at bank and in hand
562
587
Creditors: amounts falling due within one year
(101,419)
(1,250)
Net current assets
300,683
274,767
Total assets less current liabilities
3,408,973
2,607,742
Creditors: amounts falling due after more than one year
(3,096,355)
(2,250,781)
Provisions for liabilities
Deferred tax
(135,959)
(122,084)
Net assets
176,659
234,877
Called up share capital
200
200
Profit and loss account
176,459
234,677
Shareholders' funds
176,659
234,877
For the year ending 30 June 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 26 June 2025 and were signed on its behalf by
Warjinder Singh KHAMBA
Director
Company Registration No. 12644094
CROSS COUNTRY PARTNERS 5 LIMITED
Notes to the Accounts
for the year ended 30 June 2024
CROSS COUNTRY PARTNERS 5 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12644094. The registered office is 17 Castle Gate, Nottingham, Nottinghamshire, NG1 7AQ, 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.
Fair value at 1 July 2023
2,332,975
Net gain from fair value adjustments
55,500
Amounts falling due after more than one year
CROSS COUNTRY PARTNERS 5 LIMITED
Notes to the Accounts
for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
99,844
-
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,532,930
1,142,000
Other creditors
1,563,425
1,108,781
8
Deferred taxation
2024
2023
Revaluation of investment property
135,959
122,084
Provision at start of year
122,084
-
Charged to the profit and loss account
13,875
122,084
Provision at end of year
135,959
122,084
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).