Coracow Limited Filleted accounts for Companies House (small and micro)
Coracow Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
07856643
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FINANCIAL STATEMENTS |
YEAR ENDED 31 DECEMBER 2022
Contents |
Pages |
Balance sheet
1
Notes to the financial statements
2 to 4
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BALANCE SHEET |
2022 |
2021 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
4 |
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Investments |
5 |
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Current assets
Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
(
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(
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Net current liabilities |
(
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(
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Total assets less current liabilities |
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(
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Net assets/(liabilities) |
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(
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Capital and reserves
Called up share capital |
8 |
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Profit and loss account |
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(
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Shareholders funds/(deficit) |
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(
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In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
29 August 2023
, and are signed on behalf of the board by:
Company registration number:
07856643
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 DECEMBER 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Higher Lydgate Park, Grasscroft, Oldham, OL4 4EF.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Taxation
Operating leases
Tangible assets
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Financial instruments
4.
Tangible assets
Investment property |
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£ |
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Cost |
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At 1 January 2022 |
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Additions |
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Disposals |
(
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At 31 December 2022 |
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Depreciation |
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At 1 January 2022 and 31 December 2022 |
– |
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Carrying amount |
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At 31 December 2022 |
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At 31 December 2021 |
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5.
Investments
Shares in group undertakings |
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£ |
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Cost |
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At 1 January 2022 and 31 December 2022 |
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Impairment |
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At 1 January 2022 and 31 December 2022 |
– |
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Carrying amount |
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At 31 December 2022 |
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At 31 December 2021 |
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The company owns the whole of the issued share capital of Furness Developments Limited.
6.
Debtors
2022 |
2021 |
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£ |
£ |
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Amounts owed by group undertakings |
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7.
Creditors:
amounts falling due within one year
2022 |
2021 |
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£ |
£ |
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Accruals and deferred income |
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Corporation tax |
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– |
Directors' loan account |
588,176 |
430,949
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8.
Called up share capital
Issued, called up and fully paid
2022 |
2021 |
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No. |
£ |
No. |
£ |
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10 |
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10 |
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10 |
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10 |
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20 |
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20 |
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20 |
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20 |
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20 |
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20 |
'E' Ordinary shares of £1 each |
20 |
20 |
20 |
20 |
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The issued share capital is re-designated as 10 ordinary £1 shares, 10 A ordinary £1 shares, 20 B ordinary £1 shares, 20 C ordinary £1 shares, 20 D ordinary £1 shares and 20 E ordinary £1 shares.
9.
Related party transactions
Transactions with directors The directors' loan account of £588,176 (2021: £430,949) set out at note 9 above is unsecured, repayable on demand and currently interest free. Included within debtors is an amount of £55,106 (2021: £563) in respect of an outstanding loan owed by Furness Developments Limited, the subsidiary company. This loan was unsecured, repayable on demand and currently interest-free.
10.
Ultimate controlling party
There is no one controlling party of the company.