Colegrove Estates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08418202 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

Colegrove Estates Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

C Blundell

SECRETARY:

Mrs A Blundell

REGISTERED OFFICE:

The Granary

Crowhill Farm

Ravensden Road

Wilden

Bedfordshire

MK44 2QS

REGISTERED NUMBER:

08418202 (England and Wales)

ACCOUNTANTS:

GREGORY WILDMAN

The Granary

Crowhill Farm

Ravensden Road

Wilden

Bedfordshire

MK44 2QS

FIXED ASSETS

Tangible assets

4

1,570

1,723

CURRENT ASSETS

Stocks

5

180,528

136,523

Debtors

6

5,873

68,800

Cash at bank

811

1,257

187,212

206,580

CREDITORS

Amounts falling due within one year

7

125,155

93,328

NET CURRENT ASSETS

62,057

113,252

TOTAL ASSETS LESS CURRENT LIABILITIES

63,627

114,975

CREDITORS

Amounts falling due after more than one year

8

(44,167

)

-

PROVISIONS FOR LIABILITIES

-

(328

)

NET ASSETS

19,460

114,647

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

19,360

114,547

SHAREHOLDERS' FUNDS

19,460

114,647

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 10 November 2021 and were signed by:

C Blundell - Director

1.	STATUTORY INFORMATION

Colegrove Estates 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.	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.

There were no material departures from that standard.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from the provision of building and construction services is recognised when legal title of the property has been transferred.

Revenue from the provision of consultancy services is recognised at the point the service has been provided.

Tangible fixed assets

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

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Computer equipment - 33.33% on cost

Plant and Machinery - 20% reducing balance

Stocks & work in progress

Work in progress is valued at the most reasonable of either the cost or the estimated profit by reference to stage of completion,

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 taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2020

1,458

1,693

3,151

Additions

-

624

624

At 31 March 2021

1,458

2,317

3,775

DEPRECIATION

At 1 April 2020

525

903

1,428

Charge for year

187

590

777

At 31 March 2021

712

1,493

2,205

NET BOOK VALUE

At 31 March 2021

746

824

1,570

At 31 March 2020

933

790

1,723

5.

STOCKS

31.3.21

31.3.20

£

£

Work-in-progress

180,528

136,523

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Directors' current accounts

-

68,800

Deferred tax asset

5,053

-

Prepayments

820

-

5,873

68,800

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans and overdrafts

5,833

-

Trade creditors

699

900

Amounts owed to associates

82,500

62,500

Tax

-

3,766

VAT

18,729

23,647

Directors' current accounts

14,941

-

Accrued expenses

2,453

2,515

125,155

93,328

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.3.20

£

£

Bank loans - 1-2 years

10,000

-

Bank loans - 2-5 years

34,167

-

44,167

-

9.	RELATED PARTY DISCLOSURES

The amount outstanding at the year end to Mr C Blundell is £14,941 (2020 - £68,800 due from).

The amount outstanding at the year end to Kingston May Limited is £82,500 (2020 - £62,500), a company of which Mr C Blundell is a director and shareholder of.

10.	GOING CONCERN

The directors have considered the consequences of Covid-19 and other events and conditions, and have determined that they do not create a material uncertainty that casts significant doubt upon the entity's ability to continue as a going concern

The following reproduces the text of the report prepared for the director 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 Report of the Director 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 Colegrove Estates Limited for the year ended 31 March 2021 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity 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 director of Colegrove Estates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Colegrove Estates Limited and state those matters that we have agreed to state to the director of Colegrove Estates Limited 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 Colegrove Estates Limited and its director for our work or for this report.

It is your duty to ensure that Colegrove Estates 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 loss of Colegrove Estates Limited. You consider that Colegrove Estates 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 Colegrove Estates 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.

GREGORY WILDMAN

The Granary

Crowhill Farm

Ravensden Road

Wilden

Bedfordshire

MK44 2QS

10 November 2021