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

REGISTERED NUMBER: 09321796 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2018

for

COLESHILL ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N A Lee-Robinson

SECRETARY:

Mrs S E Lee-Robinson

REGISTERED OFFICE:

51 Clarkegrove Road

Sheffield

S10 2NH

REGISTERED NUMBER:

09321796 (England and Wales)

ACCOUNTANTS:

Brown McLeod Limited

Chartered Accountants

51 Clarkegrove Road

Sheffield

South Yorkshire

S10 2NH

FIXED ASSETS

Investment property

4

1,590,000

595,000

CURRENT ASSETS

Cash at bank

12,383

15,170

CREDITORS

Amounts falling due within one year

5

1,656,586

616,467

NET CURRENT LIABILITIES

(1,644,203

)

(601,297

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(54,203

)

(6,297

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(54,204

)

(6,298

)

SHAREHOLDERS' FUNDS

(54,203

)

(6,297

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 by the director on 19 January 2019 and were signed by:

N A Lee-Robinson - Director

1.	STATUTORY INFORMATION

Coleshill 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.

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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

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 2 (2017 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2017

595,000

Additions

995,000

At 31 May 2018

1,590,000

NET BOOK VALUE

At 31 May 2018

1,590,000

At 31 May 2017

595,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Trade creditors

62

-

Other creditors

1,656,524

616,467

1,656,586

616,467

6.	CONTINGENT LIABILITIES

The company provides a composite accounting and cross-guarantee banking arrangement with fellow group

companies and at the balance sheet date the total amount outstanding under the arrangement was £1,310,000

(2017 - Nil).

The legal charge is secured against the leasehold properties known as:

Flat 1, Coach House, Beulah Place, Common Road, Chorleywood, Rickmansworth, WD3 5LN

Flat 2, Coach House, Beulah Place, Common Road, Chorleywood, Rickmansworth, WD3 5LN

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Yeoman Holdings Limited.

The ultimate controlling party is N A Lee-Robinson.