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REGISTERED NUMBER: 06399913 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

CLIFF ASSOCIATES LIMITED

CLIFF ASSOCIATES LIMITED (REGISTERED NUMBER: 06399913)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 October 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4

Chartered accountants' report 7

CLIFF ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 October 2024







DIRECTOR: Mr S R Cliff





REGISTERED OFFICE: 41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX





REGISTERED NUMBER: 06399913 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

CLIFF ASSOCIATES LIMITED (REGISTERED NUMBER: 06399913)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,773 127
Investment property 5 300,000 350,000
301,773 350,127

CURRENT ASSETS
Debtors 6 10,463 210
Cash at bank 184,309 184,052
194,772 184,262
CREDITORS
Amounts falling due within one year 7 19,022 17,061
NET CURRENT ASSETS 175,750 167,201
TOTAL ASSETS LESS CURRENT
LIABILITIES

477,523

517,328

CREDITORS
Amounts falling due after more than one year 8 (224,358 ) (224,361 )

PROVISIONS FOR LIABILITIES (443 ) (32 )
NET ASSETS 252,722 292,935

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserve 10 (54,145 ) (3,644 )
Retained earnings 306,767 296,479
SHAREHOLDERS' FUNDS 252,722 292,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

CLIFF ASSOCIATES LIMITED (REGISTERED NUMBER: 06399913)

BALANCE SHEET - continued
31 October 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 Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 July 2025 and were signed by:





Mr S R Cliff - Director


CLIFF ASSOCIATES LIMITED (REGISTERED NUMBER: 06399913)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 October 2024

1. STATUTORY INFORMATION

Cliff Associates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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.

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

Current or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 1 (2023 - 1 ) .

CLIFF ASSOCIATES LIMITED (REGISTERED NUMBER: 06399913)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 October 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023 140 5,587 5,727
Additions - 1,824 1,824
Disposals - (160 ) (160 )
At 31 October 2024 140 7,251 7,391
DEPRECIATION
At 1 November 2023 140 5,460 5,600
Charge for year - 176 176
Eliminated on disposal - (158 ) (158 )
At 31 October 2024 140 5,478 5,618
NET BOOK VALUE
At 31 October 2024 - 1,773 1,773
At 31 October 2023 - 127 127

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 350,000
Revaluations (50,000 )
At 31 October 2024 300,000
NET BOOK VALUE
At 31 October 2024 300,000
At 31 October 2023 350,000

Included in fair value of investment property is freehold land of £ 300,000 (2023 - £ 350,000 ) which is not depreciated.

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2018 354,145
Valuation in 2020 4,770
Valuation in 2023 (8,915 )
Valuation in 2024 (50,000 )
300,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 354,145 354,145

The investment property was valued on an open market basis on 31 October 2024 by Life Residential .

CLIFF ASSOCIATES LIMITED (REGISTERED NUMBER: 06399913)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 October 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 10,463 210

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 14,651 13,085
Directors' current accounts 1,779 1,569
Accrued expenses 2,592 2,407
19,022 17,061

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other loans - 1-2 years 224,358 224,361

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage 224,358 224,361

The mortgage loan is secured on the investment property.

10. RESERVES
Non-distributa
reserve
£   
At 1 November 2023 (3,644 )
Transfer of reserves (50,501 )

At 31 October 2024 (54,145 )

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Mr S R Cliff
Balance outstanding at start of year (1,569 ) (1,257 )
Amounts advanced 102 -
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,779 ) (1,569 )

The loan has no repayment terms and interest is not charged on the outstanding balance.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CLIFF ASSOCIATES LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cliff Associates Limited for the year ended 31 October 2024 which comprise the Income statement, Balance sheet, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Cliff Associates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cliff Associates Limited and state those matters that we have agreed to state to the director of Cliff Associates Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cliff Associates Limited and its director for our work or for this report.

It is your duty to ensure that Cliff Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cliff Associates Limited. You consider that Cliff Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cliff Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX


1 July 2025