Company Registration No. 12832147 (England and Wales)
CROSS COUNTRY PARTNERS AND SHAH LIMITED
Unaudited accounts
for the year ended 31 August 2024
CROSS COUNTRY PARTNERS AND SHAH LIMITED
Unaudited accounts
Contents
CROSS COUNTRY PARTNERS AND SHAH LIMITED
Company Information
for the year ended 31 August 2024
Director
Warjinder Singh KHAMBA
Company Number
12832147 (England and Wales)
Registered Office
17 Castle Gate
Nottingham
Nottinghamshire
NG1 7AQ
England
CROSS COUNTRY PARTNERS AND SHAH LIMITED
Statement of financial position
as at 31 August 2024
Investment property
2,237,974
1,421,587
Cash at bank and in hand
508
14
Creditors: amounts falling due within one year
(104,020)
(2,075)
Net current assets
494,012
215,389
Total assets less current liabilities
2,731,986
1,636,976
Creditors: amounts falling due after more than one year
(2,164,767)
(1,722,498)
Provisions for liabilities
Deferred tax
(202,976)
(14,633)
Net assets/(liabilities)
364,243
(100,155)
Called up share capital
2
2
Profit and loss account
364,241
(100,157)
Shareholders' funds
364,243
(100,155)
For the year ending 31 August 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 29 August 2025 and were signed on its behalf by
Warjinder Singh KHAMBA
Director
Company Registration No. 12832147
CROSS COUNTRY PARTNERS AND SHAH LIMITED
Notes to the Accounts
for the year ended 31 August 2024
CROSS COUNTRY PARTNERS AND SHAH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12832147. 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 September 2023
1,421,587
Net gain from fair value adjustments
734,887
At 31 August 2024
2,237,974
CROSS COUNTRY PARTNERS AND SHAH LIMITED
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due after more than one year
Other debtors
597,524
217,450
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
101,570
-
Trade creditors
1,875
1,150
Taxes and social security
200
200
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,104,219
363,979
Other creditors
1,060,548
1,358,519
8
Deferred taxation
2024
2023
Revaluation of investment property
202,976
14,633
Provision at start of year
14,633
14,633
Charged to the profit and loss account
188,343
-
Provision at end of year
202,976
14,633
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Churchlane Property Development Limited - 50% Shareholding
Warjinder Singh Khamba - 50% Shareholding
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).