COULSTON ESTATES LIMITED
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Company Number: 07611576 |
Abbreviated Balance Sheet |
as at 31 March 2016
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|
Note |
|
|
2016 |
|
|
2015 |
|
|
|
|
£ |
|
|
£ |
CURRENT ASSETS |
Development property |
|
|
1,046,103 |
|
|
- |
Debtors |
|
|
44,018 |
|
|
798 |
Cash at bank and in hand |
|
|
319 |
|
|
142,226 |
|
|
|
1,090,440 |
|
|
143,024 |
CREDITORS: amounts falling due within one year |
|
|
(1,128,539) |
|
|
(61,985) |
|
NET CURRENT (LIABILITIES)/ASSETS |
|
|
|
(38,099) |
|
|
81,039 |
|
NET (LIABILITIES)/ASSETS |
|
|
|
£(38,099) |
|
|
£81,039 |
|
|
|
|
|
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
2 |
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
(38,199) |
|
|
80,939 |
|
SHAREHOLDER'S FUNDS |
|
|
|
£(38,099) |
|
|
£81,039 |
|
|
|
|
|
|
|
|
The director is 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 director acknowledges her responsibilities for ensuring that the company keeps accounting records which comply with sections 386 and 387 of the Companies Act 2006 and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the year and of its profit or loss for the financial year in accordance with the requirements of section 396 and which otherwise comply with the requirements of the Companies Act 2006 relating to the accounts so far as applicable to the company.
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The abbreviated accounts have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
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........................................ |
Mrs E. A. Terry |
Director |
Approved by the board on 23 February 2017
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COULSTON ESTATES LIMITED
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Company Number: 07611576 |
Notes to the Abbreviated Accounts |
for the year ended 31 March 2016
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1 |
ACCOUNTING POLICIES |
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1.1 Basis of preparation of financial statements |
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The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). The Company was incorporated on 21 April 2011.
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1.2 Turnover |
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Turnover represents the sale of developed land and buildings and land related charges.
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1.3 Development property |
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Development property costs and attributable direct costs are charged to cost of sales when such property has been sold. Development property costs where development is in progress are included in the balance sheet at cost after provision for any foreseen losses. |
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1.4 Deferred taxation |
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The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other tax that would apply on future taxable profits. Deferred taxation is measured on a non-discounted basis at the average rates that would apply when the timing differences are expected to reverse, based on the tax rates and laws that have been enacted by the balance sheet date. |
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2 |
SHARE CAPITAL |
Nominal |
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|
|
2016 |
|
2015 |
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|
value |
|
Number |
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£ |
|
£ |
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Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
£100 |
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£100 |
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