C B Collier NK Limited 10895054 false 2021-09-01 2023-02-28 2023-02-28 The principal activity of the company is The company's principal activities during the period were those of the development of brownfield land for residential property construction. Digita Accounts Production Advanced 6.30.9574.0 true 10895054 2021-09-01 2023-02-28 10895054 2023-02-28 10895054 bus:OrdinaryShareClass1 2023-02-28 10895054 bus:Revised 2023-02-28 10895054 core:CurrentFinancialInstruments 2023-02-28 10895054 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 10895054 bus:SmallEntities 2021-09-01 2023-02-28 10895054 bus:AuditExemptWithAccountantsReport 2021-09-01 2023-02-28 10895054 bus:FullAccounts 2021-09-01 2023-02-28 10895054 bus:SmallCompaniesRegimeForAccounts 2021-09-01 2023-02-28 10895054 bus:RegisteredOffice 2021-09-01 2023-02-28 10895054 bus:CompanySecretary1 2021-09-01 2023-02-28 10895054 bus:Director1 2021-09-01 2023-02-28 10895054 bus:Director4 2021-09-01 2023-02-28 10895054 bus:OrdinaryShareClass1 2021-09-01 2023-02-28 10895054 bus:PrivateLimitedCompanyLtd 2021-09-01 2023-02-28 10895054 1 2021-09-01 2023-02-28 10895054 countries:England 2021-09-01 2023-02-28 10895054 2020-09-01 2021-08-31 10895054 2021-08-31 10895054 bus:OrdinaryShareClass1 2021-08-31 10895054 core:CurrentFinancialInstruments 2021-08-31 10895054 core:CurrentFinancialInstruments core:WithinOneYear 2021-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10895054

C B Collier NK Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 September 2021 to 28 February 2023

 

C B Collier NK Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

C B Collier NK Limited

Company Information

Directors

Mr C B Collier

Mrs Kate Osborne

Company secretary

Venture Nominees (2) Limited

Registered office

St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

Accountants

Young & Co
St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

 

C B Collier NK Limited

(Registration number: 10895054)
Balance Sheet as at 28 February 2023

Note

2023
£

2021
£

Current assets

 

Stocks

4

10,991,082

8,250,000

Debtors

5

77,602

11,629

Cash at bank and in hand

 

331,055

72,853

 

11,399,739

8,334,482

Creditors: Amounts falling due within one year

6

(11,398,739)

(7,997,487)

Net assets

 

1,000

336,995

Capital and reserves

 

Called up share capital

7

1,000

1,000

Retained earnings

-

335,995

Shareholders' funds

 

1,000

336,995

For the financial period ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 August 2023 and signed on its behalf by:
 

 

C B Collier NK Limited

(Registration number: 10895054)
Balance Sheet as at 28 February 2023
(continued)

.........................................
Mr C B Collier
Director

 

C B Collier NK Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2021 to 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA
England

These financial statements were authorised for issue by the Board on 31 August 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

C B Collier NK Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2021 to 28 February 2023
(continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantially enacted by the end of the reporting period.

Stocks

Work in progress is the value of the costs incurred developing brown field sites. This is calculated as cost of sales plus 10%, which represents the added value as a result of market conditions.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

C B Collier NK Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2021 to 28 February 2023
(continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2021 - 2).

4

Stocks

2023
£

2021
£

Work in progress

10,991,082

8,250,000

5

Debtors

Current

2023
£

2021
£

Prepayments

8,245

-

Other debtors

69,357

11,629

 

C B Collier NK Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2021 to 28 February 2023
(continued)

6

Creditors

Creditors: amounts falling due within one year

2023
£

2021
£

Due within one year

Trade creditors

118,383

23,803

Accruals and deferred income

9,998

22,942

Other creditors

11,270,358

7,950,742

11,398,739

7,997,487

7

Share capital

Allotted, called up and fully paid shares

 

2023

2021

 

No.

£

No.

£

Ordinary of £0.01 each

99,964

1,000

99,964

1,000

         

8

Loans and borrowings

Other borrowings

The carrying amount of third party loans at period end is £11,270,358 (2021 - £7,950,744).

The third party loan is from Atlas Trust Company Limited as Trustees of The Codex Trust, Codex Capital Investments Limited and Brett Palos Capital Limited. It totals £11,270,358 and is secured by a charge over all the assets of the company. The loan has interest being charged at 7%/12% and is repayable on demand.

 

C B Collier NK Limited

Notes to the Unaudited Financial Statements for the Period from 1 September 2021 to 28 February 2023
(continued)

9

Non adjusting events after the financial period

During the next financial year the company is persuing two litigation claims. The directors expect a positive outcome of these claims and they do not expect them to have a detremental effect on the company.