Coplan Estates (Barking) Limited
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Registered number: |
07031593
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Abbreviated Balance Sheet |
as at 30 June 2016
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Notes |
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2016 |
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2015 |
£ |
£ |
Fixed assets |
Investments |
2 |
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|
- |
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210,075 |
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Current assets |
Stocks |
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|
- |
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2,080,000 |
Debtors |
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23,210 |
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943,956 |
Cash at bank and in hand |
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400,756 |
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131,101 |
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423,966 |
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3,155,057 |
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Creditors: amounts falling due within one year |
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(382,593) |
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(545,023) |
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Net current assets |
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41,373 |
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2,610,034 |
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Total assets less current liabilities |
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41,373 |
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2,820,109 |
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Creditors: amounts falling due after more than one year |
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- |
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(1,792,750) |
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Net assets |
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41,373 |
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1,027,359 |
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Capital and reserves |
Called up share capital |
4 |
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|
100 |
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|
100 |
Profit and loss account |
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41,273 |
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1,027,259 |
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Shareholder's funds |
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41,373 |
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1,027,359 |
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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N Mellor |
Director |
Approved by the board on 1 December 2016
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Coplan Estates (Barking) Limited
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Notes to the Abbreviated Accounts |
for the year ended 30 June 2016
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Consolidation |
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The Company is exempt from the requirement to produce consolidated accounts on the basis that the group qualifies as small under the Companies Act 2006. These accounts therefore present information about the company as an individual undertaking. |
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Turnover |
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Turnover represents the sale price of properties sold and rental income receivable during the period, net of value added tax.
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Stocks |
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Stock comprises properties held by the company for development and sale. These are stated at the lower of cost, being the price of acquisition plus further development expenditure, and net realiseable value. |
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Deferred taxation |
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Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
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2 |
Investments |
£ |
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Cost |
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At 1 July 2015 |
210,075 |
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Additions |
(210,075) |
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At 30 June 2016 |
- |
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The company holds 20% or more of the share capital of the following companies: |
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Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
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Class |
% |
£ |
£ |
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Stay Holdings Limited |
Ordinary |
100 |
|
274,570 |
|
61,587 |
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Sameday Trocoll Limited |
Ordinary |
100 |
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(440,052) |
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(76,689) |
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Sameday Office Limited |
Ordinary |
100 |
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3,418 |
|
78,500 |
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3 |
Loans |
2016 |
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2015 |
£ |
£ |
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Creditors include: |
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Secured bank loans |
- |
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1,897,750 |
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4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
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2015 |
value |
Number |
£ |
£ |
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Allotted, called up and fully paid: |
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Ordinary shares
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£1 each |
|
100 |
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100 |
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100 |
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