Coburg Homes Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 08656170 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

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:

36 Watermeadows

Worksop

Nottinghamshire

S80 3DF

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

326

253

Cash at bank

11,426

9,233

11,752

9,486

CREDITORS

Amounts falling due within one year

6

614,845

633,909

NET CURRENT LIABILITIES

(603,093

)

(624,423

)

TOTAL ASSETS LESS CURRENT LIABILITIES

112,385

91,055

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

112,283

90,953

SHAREHOLDERS' FUNDS

112,385

91,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 4 September 2023 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 year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 March 2022

and 28 February 2023

715,478

NET BOOK VALUE

At 28 February 2023

715,478

At 28 February 2022

715,478

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Prepayments

326

253

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Amounts owed to associates

177,997

177,997

Tax

5,003

8,978

Other creditors

157,408

157,407

Directors' loan accounts

249,692

264,902

Accrued expenses

24,745

24,625

614,845

633,909