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

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

COOLAVIN HOLDINGS LIMITED - Company Information

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REGISTERED NUMBER: 01632652 (England and Wales)














Coolavin Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 December 2020





Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD








Coolavin Holdings Limited (Registered number: 01632652)

Contents of the Financial Statements
for the Year Ended 31 December 2020










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


Coolavin Holdings Limited

Company Information
for the Year Ended 31 December 2020







Directors: J F Finn
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
Page 1
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Coolavin Holdings Limited


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 Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report 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 2020 which comprise the Income statement, Statement of financial position 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


22 March 2021

This page does not form part of the statutory financial statements

Page 2
Coolavin Holdings Limited (Registered number: 01632652)

Statement of Financial Position
31 December 2020

2020 2019
Notes £    £    £    £   
Fixed assets
Tangible assets 5 - -
Investments 6 800,000 1,300,000
Investment property 7 2,864,898 2,864,898
3,664,898 4,164,898

Current assets
Debtors 8 4,804 4,730
Cash at bank and in hand 1,249,907 723,435
1,254,711 728,165
Creditors
Amounts falling due within one year 9 40,031 36,762
Net current assets 1,214,680 691,403
Total assets less current liabilities 4,879,578 4,856,301

Provisions for liabilities 81,966 81,966
Net assets 4,797,612 4,774,335

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 4,814,685 4,791,408
4,797,612 4,774,335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 notes form part of these financial statements

Page 3 continued...
Coolavin Holdings Limited (Registered number: 01632652)

Statement of Financial Position - continued
31 December 2020


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 4 March 2021 and were signed on its behalf by:





J F Finn - Director


The notes form part of these financial statements

Page 4
Coolavin Holdings Limited (Registered number: 01632652)

Notes to the Financial Statements
for the Year Ended 31 December 2020


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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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 a straight line basis

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. Employees and directors

The average number of employees during the year was 2 (2019 - 2 ) .

Page 5 continued...
Coolavin Holdings Limited (Registered number: 01632652)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020


5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 January 2020
and 31 December 2020 2,682
Depreciation
At 1 January 2020
and 31 December 2020 2,682
Net book value
At 31 December 2020 -

6. Fixed asset investments
Other
investments
£   
Cost
At 1 January 2020 1,300,000
Disposals (500,000 )
At 31 December 2020 800,000
Net book value
At 31 December 2020 800,000
At 31 December 2019 1,300,000

7. Investment property
Total
£   
Fair value
At 1 January 2020
and 31 December 2020 2,864,898
Net book value
At 31 December 2020 2,864,898
At 31 December 2019 2,864,898

Fair value at 31 December 2020 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

Page 6 continued...
Coolavin Holdings Limited (Registered number: 01632652)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020


7. Investment property - continued

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

2020 2019
£    £   
Cost 1,611,246 1,611,246

Investment property was valued on an open market value basis on 31 December 2020 by J F Finn (Director) .

8. Debtors: amounts falling due within one year
2020 2019
£    £   
Other debtors 4,804 4,730

9. Creditors: amounts falling due within one year
2020 2019
£    £   
Taxation and social security 22,571 19,462
Other creditors 17,460 17,300
40,031 36,762

Page 7