Coleman Charles Properties Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07714005 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2017

FOR

COLEMAN CHARLES PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A P Deering

REGISTERED OFFICE:

Midwest House

11 Crown Industrial Estate

Canal road

Timperley

Cheshire

WA14 1TF

REGISTERED NUMBER:

07714005 (England and Wales)

ACCOUNTANTS:

KAY JOHNSON GEE LLP

1 City Road East

Manchester

M15 4PN

FIXED ASSETS

Tangible assets

4

653,183

667,727

CURRENT ASSETS

Debtors

5

25,234

-

Cash at bank

667

2,076

25,901

2,076

CREDITORS

Amounts falling due within one year

6

232,679

213,499

NET CURRENT LIABILITIES

(206,778

)

(211,423

)

TOTAL ASSETS LESS CURRENT LIABILITIES

446,405

456,304

CREDITORS

Amounts falling due after more than one year

7

334,898

356,748

NET ASSETS

111,507

99,556

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

111,506

99,555

SHAREHOLDERS' FUNDS

111,507

99,556

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director on 26th April 2018 and were signed by:

A P Deering - Director

1.	STATUTORY INFORMATION

Coleman Charles Properties Limited is a company limited by share capital, incorporated in England and Wales,

registration number 07714005. The address of the registered office is Midwest House, 11 Crown Industrial

Estate, Canal Road, Timperley, Cheshire, WA14 1TF.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

2% on cost

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 balance sheet date.

Deferred tax

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

balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1st August 2016

and 31st July 2017

727,216

DEPRECIATION

At 1st August 2016

59,489

Charge for year

14,544

At 31st July 2017

74,033

NET BOOK VALUE

At 31st July 2017

653,183

At 31st July 2016

667,727

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

234

-

Other debtors

25,000

-

25,234

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

49,645

47,586

Trade creditors

6,065

1,798

Taxation and social security

16,166

18,394

Other creditors

160,803

145,721

232,679

213,499

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

334,898

356,748

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

384,543

404,334

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A P Deering.