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REGISTERED NUMBER: 13276550 (England and Wales)















COTES SOLAR COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023






COTES SOLAR COMPANY LIMITED (REGISTERED NUMBER: 13276550)

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


COTES SOLAR COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: A J Key
Ms J J Scragg
J A Key





REGISTERED OFFICE: Gibson House
Hurricane Court
Hurricane Close
Stafford
ST16 1GZ





REGISTERED NUMBER: 13276550 (England and Wales)

COTES SOLAR COMPANY LIMITED (REGISTERED NUMBER: 13276550)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 735,540 735,540

CURRENT ASSETS
Cash at bank 23,270 8,610

CREDITORS
Amounts falling due within one year 5 (5,559 ) (3,803 )
NET CURRENT ASSETS 17,711 4,807
TOTAL ASSETS LESS CURRENT LIABILITIES 753,251 740,347

PROVISIONS FOR LIABILITIES (139,683 ) (183,741 )
NET ASSETS 613,568 556,606

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Revaluation reserve 7 595,492 551,224
Retained earnings 17,076 4,382
SHAREHOLDERS' FUNDS 613,568 556,606

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 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.

COTES SOLAR COMPANY LIMITED (REGISTERED NUMBER: 13276550)

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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:





A J Key - Director


COTES SOLAR COMPANY LIMITED (REGISTERED NUMBER: 13276550)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Cotes Solar Company Limited 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 as modified by the revaluation of certain assets.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable net and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rental income
Rental income from operating leases net of any incentives given to the lessees is recognised on a straight-line basis over the lease term.

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.

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The investment property was valued as at 31 March 2022 by Hinson Parry at a market value of £735,540. The directors believe that this still equates to the fair value of the property as at 31 March 2023.

Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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.


COTES SOLAR COMPANY LIMITED (REGISTERED NUMBER: 13276550)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
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 year 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 735,540
Disposals (210 )
Revaluations 210
At 31 March 2023 735,540
NET BOOK VALUE
At 31 March 2023 735,540
At 31 March 2022 735,540

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 735,175
Cost 365
735,540

COTES SOLAR COMPANY LIMITED (REGISTERED NUMBER: 13276550)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 365 575

Investment Property was valued on an open market basis on 31 March 2023 by the directors of the company .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 2,978 1,408
Directors' current accounts 1,195 1,195
Accrued expenses 1,386 1,200
5,559 3,803

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 A Ordinary £1 100 100
300 B Ordinary £1 300 300
100 C Ordinary £1 100 100
200 D Ordinary £1 200 200
100 E Ordinary £1 100 100
200 F Ordinary £1 200 200
1,000 1,000

7. RESERVES
Revaluation
reserve
£   
At 1 April 2022 551,224
Transfer to revaluation reserve 210
Revaluation deferred tax adjustment 44,058

At 31 March 2023 595,492