COLEBROOK DEVELOPMENTS LIMITED

COLEBROOK DEVELOPMENTS LIMITED

COLEBROOK DEVELOPMENTS LIMITED - Company Information

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COLEBROOK DEVELOPMENTS LIMITED

Company Registration Number:
NI063028 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 August 2017

Period of accounts

Start date: 01 September 2016

End date: 31 August 2017

COLEBROOK DEVELOPMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2017

Balance sheet
Notes

COLEBROOK DEVELOPMENTS LIMITED

Balance sheet

As at 31 August 2017


Notes
2017
18 months to 31 August 2016


£
£
Current assets
Stocks: 100,604 58,898
Debtors:   11,701 10,001
Total current assets: 112,305 68,899
Creditors: amounts falling due within one year:   (6,715,188) (6,642,714)
Net current assets (liabilities): (6,602,883) (6,573,815)
Total assets less current liabilities: (6,602,883) (6,573,815)
Total net assets (liabilities): (6,602,883) (6,573,815)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (6,602,884) (6,573,816)
Shareholders funds: (6,602,883) (6,573,815)

The notes form part of these financial statements

COLEBROOK DEVELOPMENTS LIMITED

Balance sheet statements

For the year ending 31 August 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 May 2018
and signed on behalf of the board by:

Name: Mr J Mcelroy
Status: Director

The notes form part of these financial statements

COLEBROOK DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Other accounting policies

StocksStock consists of development property owned by the company at the year end. The properties are valued on the basis of direct costs incurred. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.Financial instrumentsFinancial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

COLEBROOK DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

2. Related party transactions

Name of the related party: Edenbrook Developments (Ireland) Ltd
Relationship:
Related party
Description of the Transaction: Exchange loss relating to loan
£
Balance at 01 September 2016 1,557,474
Balance at 31 August 2017 1,629,348