Registered number: 03629482
Coly Anchor Developments Limited
Financial Statements
31 December 2022
Coly Anchor Developments Limited
Registered number: 03629482
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 1,679,021 1,675,921
Current assets
Debtors 4 1,641 1,121
Cash at bank and in hand 36,143 47,465
37,784 48,586
Creditors: amounts falling due within one year 5 (361,836) (387,537)
Net current liabilities (324,052) (338,951)
Total assets less current liabilities 1,354,969 1,336,970
Provisions for liabilities (78,443) (77,847)
Net assets 1,276,526 1,259,123
Capital and reserves
Share premium 100 100
Revaluation reserve 6 315,927 315,927
Profit and loss account 960,499 943,096
Shareholders' funds 1,276,526 1,259,123
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
L T Jones
Director
Approved by the board on 25 September 2023
Coly Anchor Developments Limited
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2022 1,656,017 66,293 1,722,310
Additions - 7,160 7,160
At 31 December 2022 1,656,017 73,453 1,729,470
Depreciation
At 1 January 2022 - 46,389 46,389
Charge for the year - 4,060 4,060
At 31 December 2022 - 50,449 50,449
Net book value
At 31 December 2022 1,656,017 23,004 1,679,021
At 31 December 2021 1,656,017 19,904 1,675,921
4 Debtors 2022 2021
£ £
Trade debtors 405 81
Other debtors 1,236 1,040
1,641 1,121
5 Creditors: amounts falling due within one year 2022 2021
£ £
Taxation and social security costs 6,118 6,732
Other creditors 355,718 380,805
361,836 387,537
6 Revaluation reserve 2022 2021
£ £
At 1 January 2022 315,927 306,328
Gain on revaluation of land and buildings - 11,849
Deferred taxation arising on the revaluation of land and buildings - (2,250)
At 31 December 2022 315,927 315,927
7 Other information
Coly Anchor Developments Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Woodlands
Edgerley
Oswestry
Shropshire
SY10 8EP
Coly Anchor Developments Limited 03629482 false 2022-01-01 2022-12-31 2022-12-31 VT Final Accounts April 2022 L T Jones No description of principal activity 03629482 2021-01-01 2021-12-31 03629482 core:RevaluationReserve core:LandBuildings 2021-01-01 2021-12-31 03629482 core:RevaluationReserve 2021-01-01 2021-12-31 03629482 core:WithinOneYear 2021-12-31 03629482 core:SharePremium 2021-12-31 03629482 core:OtherReservesSubtotal 2021-12-31 03629482 core:RetainedEarningsAccumulatedLosses 2021-12-31 03629482 core:RevaluationReserve 2020-12-31 03629482 2022-01-01 2022-12-31 03629482 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 03629482 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 03629482 bus:Director40 2022-01-01 2022-12-31 03629482 1 2022-01-01 2022-12-31 03629482 2 2022-01-01 2022-12-31 03629482 core:LandBuildings 2022-01-01 2022-12-31 03629482 core:PlantMachinery 2022-01-01 2022-12-31 03629482 core:RevaluationReserve core:LandBuildings 2022-01-01 2022-12-31 03629482 core:RevaluationReserve 2022-01-01 2022-12-31 03629482 countries:England 2022-01-01 2022-12-31 03629482 bus:FRS102 2022-01-01 2022-12-31 03629482 bus:FullAccounts 2022-01-01 2022-12-31 03629482 2022-12-31 03629482 core:WithinOneYear 2022-12-31 03629482 core:SharePremium 2022-12-31 03629482 core:OtherReservesSubtotal 2022-12-31 03629482 core:RetainedEarningsAccumulatedLosses 2022-12-31 03629482 core:LandBuildings 2022-12-31 03629482 core:PlantMachinery 2022-12-31 03629482 core:RevaluationReserve 2022-12-31 03629482 2021-12-31 03629482 core:LandBuildings 2021-12-31 03629482 core:PlantMachinery 2021-12-31 03629482 core:RevaluationReserve 2021-12-31 iso4217:GBP xbrli:pure