Coburg Homes Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08656170 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2020 TO 28 FEBRUARY 2022

FOR

COBURG HOMES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R L Dane

Mrs D M Dane

SECRETARY:

Mrs D M Dane

REGISTERED OFFICE:

Office 30

Worksop Turbine Innovation Centre

Coach Close

Worksop

Nottinghamshire

S81 8AP

REGISTERED NUMBER:

08656170 (England and Wales)

ACCOUNTANTS:

A Wigglesworth and Company Ltd

Chartered Accountants

Armstrong House

First Avenue

Finningley

Doncaster

South Yorkshire

DN9 3GA

FIXED ASSETS

Tangible assets

4

715,478

715,478

CURRENT ASSETS

Debtors

5

253

1,434

Cash at bank

9,233

5,901

9,486

7,335

CREDITORS

Amounts falling due within one year

6

633,909

678,990

NET CURRENT LIABILITIES

(624,423

)

(671,655

)

TOTAL ASSETS LESS CURRENT LIABILITIES

91,055

43,823

CAPITAL AND RESERVES

Called up share capital

7

102

102

Retained earnings

8

90,953

43,721

SHAREHOLDERS' FUNDS

91,055

43,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2022 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 26 May 2022 and were signed on its behalf by:

Mrs D M Dane - Director

1.	STATUTORY INFORMATION

Coburg Homes Ltd 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.

These financial statements have been prepared on the going concern basis on the understanding that the directors will continue to provide financial support to the company for the foreseeable future.

Tangible fixed assets

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

The directors consider that the company's freehold properties are Investment Properties as defined in section 16 under FRS 102.

Freehold properties are stated at valuations which the directors consider are not materially different from their cost. Impairment losses arising where the current market value of of these properties is lower than original historical cost are to be charged to profit and loss account.

No provision has been made for any depreciation on these assets. Although this is a departure from the accounting requirements of the Companies Act 2006, which required such properties to be depreciated, the directors consider that departure in this regard is justified on the grounds of compliance with the overriding requirement of section 396(2) of the Companies Act 2006 for the financial statements to show a true and fair view.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 September 2020

and 28 February 2022

715,478

NET BOOK VALUE

At 28 February 2022

715,478

At 31 August 2020

715,478

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2020

£

£

Prepayments

253

1,434

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2020

£

£

Amounts owed to associates

177,997

189,711

Tax

8,978

867

Other creditors

157,407

157,408

Directors' loan accounts

264,902

306,779

Accrued expenses

24,625

24,225

633,909

678,990

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2020

value:

£

£

100

Ordinary A

1

100

100

1

Ordinary B

1

1

1

1

Ordinary C

1

1

1

102

102

8.

RESERVES

Retained

earnings

£

At 1 September 2020

43,721

Profit for the period

47,232

At 28 February 2022

90,953