REGISTERED NUMBER: 07135174 (England and Wales)

COASTAL DEVELOPMENTS GREENHILL LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A W Leggatt

Mrs I L Leggatt

S C Leggatt

K D Johnson

SECRETARY:

Mrs I L Leggatt

REGISTERED OFFICE:

424 Margate Road

Westwood

Ramsgate

Kent

CT12 6SJ

REGISTERED NUMBER:

07135174 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

King Arthur’s Court

Maidstone Road

Charing

Kent

TN27 0JS

FIXED ASSETS

Tangible assets

4

24,274

733

CURRENT ASSETS

Debtors

5

788,726

761,861

Cash at bank

3,439

42,165

792,165

804,026

CREDITORS

Amounts falling due within one year

6

(734,617

)

(729,343

)

NET CURRENT ASSETS

57,548

74,683

TOTAL ASSETS LESS CURRENT LIABILITIES

81,822

75,416

CREDITORS

Amounts falling due after more than one year

7

(13,121

)

-

NET ASSETS

68,701

75,416

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

68,600

75,315

SHAREHOLDERS' FUNDS

68,701

75,416

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 October 2023 and were signed on its behalf by:

A W Leggatt - Director

1.	STATUTORY INFORMATION

Coastal Developments Greenhill 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.

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.

Plant and machinery

-

25% on reducing balance

Fixture & Fittings

-

15% on reducing balance

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Fixture &

Computer

machinery

Fittings

equipment

Totals

£

£

£

£

COST

At 1 February 2022

19,225

1,467

2,783

23,475

Additions

27,995

-

-

27,995

At 31 January 2023

47,220

1,467

2,783

51,470

DEPRECIATION

At 1 February 2022

19,225

1,150

2,367

22,742

Charge for year

4,199

47

208

4,454

At 31 January 2023

23,424

1,197

2,575

27,196

NET BOOK VALUE

At 31 January 2023

23,796

270

208

24,274

At 31 January 2022

-

317

416

733

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Coastal Development Loan

785,869

723,169

Directors' current accounts

-

20,057

VAT

2,857

18,635

788,726

761,861

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Hire purchase contracts

3,749

-

Trade creditors

12,200

-

Corporation Tax

-

3,503

Social security and other taxes

1,080

2,556

Sundry creditors

418

1,740

Coastal Construction SE Ltd

679,200

679,200

Directors' current accounts

15,470

19,844

Accrued expenses

22,500

22,500

734,617

729,343

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Hire purchase contracts

13,121

-

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A W Leggatt.