Coolavin Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01632652 (England and Wales)

Coolavin Holdings Limited

Unaudited Financial Statements for the Year Ended 31 December 2019

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

Directors:

J F Finn

Mrs S Finn

Secretary:

Mrs S Finn

Registered office:

28 March Road

Wimblington

March

Cambridgeshire

PE15 0RN

Registered number:

01632652 (England and Wales)

Accountants:

Moore Thompson

Monica House

St Augustines Road

Wisbech

Cambridgeshire

PE13 3AD

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Directors are not required to be filed with the

Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Coolavin Holdings Limited for the year ended 31 December 2019 which comprise

the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Coolavin Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 9 September 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Coolavin Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Coolavin Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coolavin Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Coolavin Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Coolavin Holdings Limited. You consider that Coolavin Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Coolavin Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore Thompson

Monica House

St Augustines Road

Wisbech

Cambridgeshire

PE13 3AD

3 March 2020

Fixed assets

Tangible assets

3

-

-

Investments

4

1,300,000

1,450,000

Investment property

5

2,864,898

2,781,454

4,164,898

4,231,454

Current assets

Debtors

6

4,730

4,446

Cash at bank and in hand

723,435

574,296

728,165

578,742

Creditors

Amounts falling due within one year

7

(36,762

)

(43,055

)

Net current assets

691,403

535,687

Total assets less current liabilities

4,856,301

4,767,141

Provisions for liabilities

(81,966

)

(66,112

)

Net assets

4,774,335

4,701,029

Capital and reserves

Called up share capital

50,002

50,002

Capital redemption reserve

7,803

7,803

Other reserves

(74,878

)

(74,878

)

Retained earnings

4,791,408

4,718,102

4,774,335

4,701,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 25 February 2020 and were signed on its behalf by:

J F Finn - Director

1.	Statutory information

Coolavin Holdings Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company

Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of

Income and Retained Earnings, except to the extent that it relates to items recognised in other

comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

3.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 January 2019

and 31 December 2019

2,682

Depreciation

At 1 January 2019

and 31 December 2019

2,682

Net book value

At 31 December 2019

-

4.	Fixed asset investments

Other

investments

£

Cost

At 1 January 2019

1,450,000

Disposals

(150,000

)

At 31 December 2019

1,300,000

Net book value

At 31 December 2019

1,300,000

At 31 December 2018

1,450,000

5.	Investment property

Total

£

Fair value

At 1 January 2019

2,781,454

Revaluations

83,444

At 31 December 2019

2,864,898

Net book value

At 31 December 2019

2,864,898

At 31 December 2018

2,781,454

Fair value at 31 December 2019 is represented by:

£

Valuation in 2016

888,754

Valuation in 2017

83,750

Valuation in 2018

197,704

Valuation in 2019

83,444

Cost

1,611,246

2,864,898

If investment property had not been revalued it would have been included at the following historical

cost:

2019

2018

£

£

Cost

1,611,246

1,611,246

Investment property was valued on an open market value basis on 31 December 2019 by J F Finn (Director)

.

6.

Debtors: amounts falling due within one year

2019

2018

£

£

Other debtors

4,730

4,446

7.

Creditors: amounts falling due within one year

2019

2018

£

£

Trade creditors

-

2,399

Taxation and social security

19,462

23,556

Other creditors

17,300

17,100

36,762

43,055