COBURG HOMES LTD

COBURG HOMES LTD

COBURG HOMES LTD - Company Information

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COBURG HOMES LTD

Company Registration Number:
08656170 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2019

Period of accounts

Start date: 01 September 2018

End date: 31 August 2019

COBURG HOMES LTD

Contents of the Financial Statements

for the Period Ended 31 August 2019

Balance sheet
Notes

COBURG HOMES LTD

Balance sheet

As at 31 August 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 715,478 715,478
Total fixed assets: 715,478 715,478
Current assets
Debtors: 4 1,304 1,890
Cash at bank and in hand: 32,874 193,875
Total current assets: 34,178 195,765
Creditors: amounts falling due within one year: 5 (709,530) (665,049)
Net current assets (liabilities): (675,352) (469,284)
Total assets less current liabilities: 40,126 246,194
Creditors: amounts falling due after more than one year: 6   (228,127)
Total net assets (liabilities): 40,126 18,067
Capital and reserves
Called up share capital: 102 102
Profit and loss account: 40,024 17,965
Shareholders funds: 40,126 18,067

The notes form part of these financial statements

COBURG HOMES LTD

Balance sheet statements

For the year ending 31 August 2019 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 09 December 2019
and signed on behalf of the board by:

Name: D M Dane
Status: Director

The notes form part of these financial statements

COBURG HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 August 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

The directors consider the company's freehold properties as investment properties as defined under Section 16 and no provision for depreciation has been made. They are stated at fair valuation and any increase or decrease in value over the cost is charged to profit or loss.

COBURG HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 August 2019

2. Employees

2019 2018
Average number of employees during the period 2 2

COBURG HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 August 2019

3. Tangible Assets

Total
Cost £
At 01 September 2018 715,478
At 31 August 2019 715,478
Depreciation
At 01 September 2018 0
At 31 August 2019 0
Net book value
At 31 August 2019 715,478
At 31 August 2018 715,478

COBURG HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 August 2019

4. Debtors

2019 2018
££
Debtors due after more than one year: 0 0

COBURG HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 August 2019

5. Creditors: amounts falling due within one year note

*******************************************2019**************2018Bank Borrowings*******************228383************10546Associated Companies************194389***********194389Tax and Social Security**************5174***************7161Other Creditors**********************281584**********452953

COBURG HOMES LTD

Notes to the Financial Statements

for the Period Ended 31 August 2019

6. Creditors: amounts falling due after more than one year note

***********************************2019*************2018Bank Borrowings***************0**************228127