Company Registration No. 11339648 (England and Wales)
COAST TO COUNTRY PROPERTIES LTD
Unaudited accounts
for the year ended 31 May 2022
COAST TO COUNTRY PROPERTIES LTD
Unaudited accounts
Contents
COAST TO COUNTRY PROPERTIES LTD
Company Information
for the year ended 31 May 2022
Company Number
11339648 (England and Wales)
Registered Office
25 Goswick Way
East Shore Village
Seaham
SR7 7WJ
ENGLAND
Accountants
Waite Accountants Limited
Hope Street Xchange
1-3 Hind Street
Sunderland
SR1 3QD
COAST TO COUNTRY PROPERTIES LTD
Statement of financial position
as at
31 May 2022
Investment property
89,950
90,000
Cash at bank and in hand
819
139
Creditors: amounts falling due within one year
(37,984)
(36,559)
Net current liabilities
(36,965)
(36,419)
Total assets less current liabilities
52,985
53,581
Creditors: amounts falling due after more than one year
(37,666)
(37,666)
Provisions for liabilities
Deferred tax
(6,221)
(6,231)
Called up share capital
100
100
Profit and loss account
8,998
9,584
Shareholders' funds
9,098
9,684
For the year ending 31 May 2022 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 20 February 2023 and were signed on its behalf by
Paul Lamb
Director
Company Registration No. 11339648
COAST TO COUNTRY PROPERTIES LTD
Notes to the Accounts
for the year ended 31 May 2022
COAST TO COUNTRY PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 11339648. The registered office is 25 Goswick Way, East Shore Village, Seaham, SR7 7WJ, 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.
4
Investment property
2022
Fair value at 1 June 2021
90,000
Net loss from fair value adjustments
(50)
Investment property has been valued at fair value based on estimates by the directors.
Amounts falling due within one year
COAST TO COUNTRY PROPERTIES LTD
Notes to the Accounts
for the year ended 31 May 2022
6
Creditors: amounts falling due within one year
2022
2021
Loans from directors
35,908
35,119
7
Creditors: amounts falling due after more than one year
2022
2021
Aggregate of amounts that fall due for payment after five years
37,666
37,666
8
Transactions with related parties
Key management personnel of the entity:
Amount due to related party
2022- £35,908
2021 - £35,119
No interest is charged on the above loan.
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).