COH Property Consultants Limited 11402449 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is letting of own property Digita Accounts Production Advanced 6.30.9574.0 true true 11402449 2022-03-01 2023-02-28 11402449 2023-02-28 11402449 bus:Director1 1 2023-02-28 11402449 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-02-28 11402449 core:CurrentFinancialInstruments 2023-02-28 11402449 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 11402449 core:Non-currentFinancialInstruments 2023-02-28 11402449 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 11402449 core:FurnitureFittingsToolsEquipment 2023-02-28 11402449 bus:SmallEntities 2022-03-01 2023-02-28 11402449 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 11402449 bus:FullAccounts 2022-03-01 2023-02-28 11402449 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 11402449 bus:RegisteredOffice 2022-03-01 2023-02-28 11402449 bus:Director1 2022-03-01 2023-02-28 11402449 bus:Director1 1 2022-03-01 2023-02-28 11402449 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-03-01 2023-02-28 11402449 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 11402449 core:FurnitureFittings 2022-03-01 2023-02-28 11402449 core:FurnitureFittingsToolsEquipment 2022-03-01 2023-02-28 11402449 countries:EnglandWales 2022-03-01 2023-02-28 11402449 2022-02-28 11402449 bus:Director1 1 2022-02-28 11402449 core:FurnitureFittingsToolsEquipment 2022-02-28 11402449 2021-03-01 2022-02-28 11402449 2022-02-28 11402449 bus:Director1 1 2022-02-28 11402449 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-02-28 11402449 core:CurrentFinancialInstruments 2022-02-28 11402449 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 11402449 core:Non-currentFinancialInstruments 2022-02-28 11402449 core:Non-currentFinancialInstruments core:AfterOneYear 2022-02-28 11402449 core:FurnitureFittingsToolsEquipment 2022-02-28 11402449 bus:Director1 1 2021-03-01 2022-02-28 11402449 bus:Director1 1 2021-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11402449

COH Property Consultants Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2023

 

COH Property Consultants Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

COH Property Consultants Limited

Company Information

Director

C O'Hare

Registered office

44 Heversham Road
Bexleyheath
DA7 5BG

Accountants

Boon and Worth Limited
Suite A4, Skylon Court
Coldnose Road
Rotherwas
Hereford
HR2 6JS

 

COH Property Consultants Limited

(Registration number: 11402449)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

7,549

10,065

Investment property

5

1,817,629

1,460,347

 

1,825,178

1,470,412

Current assets

 

Stocks

6

-

481,231

Debtors

7

48,311

106,346

Investments

8

22,225

22,225

Cash at bank and in hand

 

209,347

11,892

 

279,883

621,694

Creditors: Amounts falling due within one year

9

(537,628)

(595,554)

Net current (liabilities)/assets

 

(257,745)

26,140

Total assets less current liabilities

 

1,567,433

1,496,552

Creditors: Amounts falling due after more than one year

9

(1,280,837)

(1,276,569)

Provisions for liabilities

(60,158)

(54,458)

Net assets

 

226,438

165,525

Capital and reserves

 

Called up share capital

10

100

100

Retained earnings

226,338

165,425

Shareholders' funds

 

226,438

165,525

 

COH Property Consultants Limited

(Registration number: 11402449)
Balance Sheet as at 28 February 2023

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

Director's responsibilities:

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

The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 November 2023
 

.........................................
C O'Hare
Director

 

COH Property Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

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

The address of its registered office is:
44 Heversham Road
Bexleyheath
DA7 5BG

These financial statements were authorised for issue by the director on 24 November 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.

Going concern

The financial statements have been prepared on a going concern basis.

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

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

COH Property Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

COH Property Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

COH Property Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2022

20,386

20,386

At 28 February 2023

20,386

20,386

Depreciation

At 1 March 2022

10,321

10,321

Charge for the year

2,516

2,516

At 28 February 2023

12,837

12,837

Carrying amount

At 28 February 2023

7,549

7,549

At 28 February 2022

10,065

10,065

5

Investment properties

2023
£

At 1 March

1,460,347

Additions

310,001

Fair value adjustments

47,281

At 28 February

1,817,629

6

Stocks

2023
£

2022
£

Work in progress

-

481,231

 

COH Property Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

7

Debtors

2023
£

2022
£

Prepayments

23,311

2,949

Other debtors

25,000

103,397

48,311

106,346

8

Current asset investments

2023
£

2022
£

Other investments

22,225

22,225

9

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

14

720

Accruals and deferred income

1,680

1,680

Other creditors

535,934

593,154

537,628

595,554

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

11

1,280,837

1,276,569

 

COH Property Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

10

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary share of £1 each

100

100

100

100

         

11

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

1,280,837

1,276,569

12

Related party transactions

Transactions with the director

2023

At 1 March 2022
£

Advances to director
£

Repayments by director
£

At 28 February 2023
£

C O'Hare

Directors' loan account

103,397

19,619

(246,213)

(123,197)

         
       

 

2022

At 1 March 2021
£

Advances to director
£

Repayments by director
£

At 28 February 2022
£

C O'Hare

Directors' loan account

(212,197)

323,330

(7,737)

103,397