IRIS Accounts Production v23.3.0.418 13884937 director 1.2.22 28.2.23 28.2.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh138849372022-01-31138849372023-02-28138849372022-02-012023-02-28138849372022-01-3113884937ns10:Originalns15:EnglandWales2022-02-012023-02-2813884937ns14:PoundSterlingns10:Original2022-02-012023-02-2813884937ns10:Originalns10:Director12022-02-012023-02-2813884937ns10:Original2022-02-012023-02-2813884937ns10:Original2023-02-2813884937ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-02-2813884937ns10:Originalns10:SmallEntities2022-02-012023-02-2813884937ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-02-2813884937ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-02-2813884937ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-02-2813884937ns10:Originalns10:FullAccounts2022-02-012023-02-2813884937ns10:Originalns10:RegisteredOffice2022-02-012023-02-2813884937ns10:Originalns5:CurrentFinancialInstruments2023-02-2813884937ns5:ShareCapitalns10:Original2023-02-2813884937ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-28
REGISTERED NUMBER: 13884937 (England and Wales)








FINANCIAL STATEMENTS

FOR THE PERIOD

1 FEBRUARY 2022 TO 28 FEBRUARY 2023

FOR

TOWN AND COAST HOMES LTD

TOWN AND COAST HOMES LTD (REGISTERED NUMBER: 13884937)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2022 TO 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TOWN AND COAST HOMES LTD

COMPANY INFORMATION
FOR THE PERIOD 1 FEBRUARY 2022 TO 28 FEBRUARY 2023







DIRECTOR: C I Evans





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE





REGISTERED NUMBER: 13884937 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

TOWN AND COAST HOMES LTD (REGISTERED NUMBER: 13884937)

BALANCE SHEET
28 FEBRUARY 2023

Notes £    £   
FIXED ASSETS
Investment property 4 438,835

CURRENT ASSETS
Cash in hand 100

CREDITORS
Amounts falling due within one year 5 440,739
NET CURRENT LIABILITIES (440,639 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,804

)

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (1,904 )
(1,804 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2023 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.

TOWN AND COAST HOMES LTD (REGISTERED NUMBER: 13884937)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 November 2023 and were signed by:





C I Evans - Director


TOWN AND COAST HOMES LTD (REGISTERED NUMBER: 13884937)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2022 TO 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Town and Coast Homes 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.

The financial statements have been prepared on a going concern basis as the director has indicated that he will continue to support the business for the foreseeable future.

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.

In accordance with the provisions of FRS 102 freehold investment buildings are not depreciated.

This is in contravention to the Companies Act 2006 which requires all tangible fixed assets to be depreciated. The directors are of the opinion that this departure from the Companies Act 2006 is needed to present a true and fair view.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

TOWN AND COAST HOMES LTD (REGISTERED NUMBER: 13884937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2022 TO 28 FEBRUARY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 438,835
At 28 February 2023 438,835
NET BOOK VALUE
At 28 February 2023 438,835

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 440,739

6. RELATED PARTY DISCLOSURES

TRANSACTIONS WITH COMPANIES UNDER COMMON CONTROL

Non interest bearing loans on which no terms of repayment have been agreed. The amount due to companies under common control at the balance sheet date amounted to £439,689.