Coraldene Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03566237 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2019

FOR

CORALDENE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr L B Miller

Mr T G Phillips

REGISTERED OFFICE:

24 Park Road South

Havant

Hampshire

PO9 1HB

REGISTERED NUMBER:

03566237 (England and Wales)

ACCOUNTANTS:

Wilkins Kennedy

24 Park Road South

Havant

Hampshire

PO9 1HB

FIXED ASSETS

Tangible assets

4

9,621

9,621

CURRENT ASSETS

Cash at bank

1,563

1,563

CREDITORS

Amounts falling due within one year

5

12,802

12,802

NET CURRENT LIABILITIES

(11,239

)

(11,239

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,618

)

(1,618

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(1,620

)

(1,620

)

SHAREHOLDERS' FUNDS

(1,618

)

(1,618

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th July 2020 and were signed on its behalf by:

Mr T G Phillips - Director

1.	STATUTORY INFORMATION

Coraldene 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.

The financial statements relate to Coraldene Limited as an individual entity.

The presentation currency of the financial statements is the Pound Sterling (£), rounded to the nearest Pound

(£).

The company was dormant throughout the current year and previous year.

Significant judgements and estimates

The preparation of financial statements requires the use of estimates and assumptions that affect reported

amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the

reporting period. These estimates and assumptions are based on management's best knowledge of the

amount, event or actions. Actual results may differ from those amounts.

Management do not consider there to be any significant judgements or estimates used in the preparation of

these financial statements.

Financial instruments

Financial instruments are recognised in line with Sections 11 and 12 of FRS 102.

Basic financial instruments, such as bank and cash, loans and trade payables are initially recognised at

transaction price, unless they constitute a financing arrangement, when the transaction is measured at the

present value of the future receipts/payments discounted at a market rate of interest. Such instruments are

subsequently carried at amortised cost using the effective interest rate method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1st December 2018

and 30th November 2019

9,621

NET BOOK VALUE

At 30th November 2019

9,621

At 30th November 2018

9,621

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

3,308

3,308

Other creditors

9,494

9,494

12,802

12,802

6.	GOING CONCERN

As at the balance sheet date the liabilities of the company exceeded the assets by £1,618. The accounts have

still been prepared on a going concern basis as the directors have confirmed they will not withdraw their

support of the company (directors loan of £9,494 included in other creditors) in the foreseeable future.