Colemore Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06022816 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

COLEMORE DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S A Cole

C P Mortimore

SECRETARY:

C P Mortimore

REGISTERED OFFICE:

Lawnes Farm

Forty Acre Lane

Alveston

Bristol

BS35 3QU

REGISTERED NUMBER:

06022816 (England and Wales)

ACCOUNTANTS:

Keller & Co

367b Church Road

Frampton Cotterell

Bristol

BS36 2AQ

FIXED ASSETS

Investment property

4

1,484,207

1,484,207

CURRENT ASSETS

Cash at bank

6,654

7,455

CREDITORS

Amounts falling due within one year

5

(392,508

)

(419,269

)

NET CURRENT LIABILITIES

(385,854

)

(411,814

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,098,353

1,072,393

CREDITORS

Amounts falling due after more than one year

6

(994,054

)

(978,168

)

NET ASSETS

104,299

94,225

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

104,297

94,223

SHAREHOLDERS' FUNDS

104,299

94,225

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2020 and were signed on its behalf by:

S A Cole - Director

1.	STATUTORY INFORMATION

Colemore Developments 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 Income Statement, 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.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2019

and 31 December 2019

1,484,207

NET BOOK VALUE

At 31 December 2019

1,484,207

At 31 December 2018

1,484,207

Fair value at 31 December 2019 is represented by:

£

Valuation in 2019

1,484,207

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

1,489

-

Tax

4,611

12,503

Directors' loan accounts

384,967

405,325

Accrued expenses

1,441

1,441

392,508

419,269

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

CHL mortgages

994,054

978,168

Amounts falling due in more than five years:

Repayable otherwise than by instalments

CHL mortgages

994,054

978,168

7.	RELATED PARTY DISCLOSURES

The company is jointly owned and controlled by the directors Mr S A Cole and Mr C P Mortimore who each own 50% of the issued share capital.