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REGISTERED NUMBER: 10573033 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Cole Property Development Ltd

Cole Property Development Ltd (Registered number: 10573033)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cole Property Development Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: N Cole





REGISTERED OFFICE: 33 Westlands Road
Sproatley
Hull
East Yorkshire
HU11 4XA





REGISTERED NUMBER: 10573033 (England and Wales)





ACCOUNTANTS: C. Hart & Company (Hull) Limited
74 Kenilworth Avenue
Hull
HU5 4BH

Cole Property Development Ltd (Registered number: 10573033)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
CURRENT ASSETS
Stocks 13,433 16,888
Debtors 5 17,166 5,200
Cash at bank 48,598 68,589
79,197 90,677
CREDITORS
Amounts falling due within one year 6 24,417 28,845
NET CURRENT ASSETS 54,780 61,832
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,780

61,832

CREDITORS
Amounts falling due after more than
one year

7

63,486

70,889
NET LIABILITIES (8,706 ) (9,057 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (8,708 ) (9,059 )
SHAREHOLDERS' FUNDS (8,706 ) (9,057 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Cole Property Development Ltd (Registered number: 10573033)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2023 and were signed by:





N Cole - Director


Cole Property Development Ltd (Registered number: 10573033)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Cole Property Development 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Cole Property Development Ltd (Registered number: 10573033)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 9,950
DEPRECIATION
At 1 April 2022
and 31 March 2023 9,950
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 9,950
DEPRECIATION
At 1 April 2022
and 31 March 2023 9,950
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 17,166 5,200

Cole Property Development Ltd (Registered number: 10573033)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 7,403 10,115
Hire purchase contracts 912 1,941
Trade creditors 3,914 3,400
Tax 82 407
Social security and other taxes 2,077 -
VAT 2,666 2,588
Directors' current accounts 6,363 9,394
Accrued expenses 1,000 1,000
24,417 28,845

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 3,867 7,403
Bank loans - 2-5 years 4,619 8,486
Other loans more 5yrs non-inst 55,000 55,000
63,486 70,889

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 55,000 55,000