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REGISTERED NUMBER: 11160402 (England and Wales)
















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

COHERENT ESTATES LIMITED

COHERENT ESTATES LIMITED (REGISTERED NUMBER: 11160402)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COHERENT ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Dr G Sudhir
Mrs S P Sudhir





REGISTERED OFFICE: 53 The Ridgeway
Enfield
Middlesex
EN2 8PF





REGISTERED NUMBER: 11160402 (England and Wales)





ACCOUNTANTS: ANS Associates
15 Stapenhill Road
North Wembley
HA0 3JF

COHERENT ESTATES LIMITED (REGISTERED NUMBER: 11160402)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 165,759 165,997

CURRENT ASSETS
Debtors 5 1,192 1,064
Cash at bank 23,918 17,827
25,110 18,891
CREDITORS
Amounts falling due within one year 6 187,499 183,655
NET CURRENT LIABILITIES (162,389 ) (164,764 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,370

1,233

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 3,270 1,133
SHAREHOLDERS' FUNDS 3,370 1,233

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.

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 Board of Directors and authorised for issue on 22 December 2023 and were signed on its behalf by:





Dr G Sudhir - Director


COHERENT ESTATES LIMITED (REGISTERED NUMBER: 11160402)

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

1. STATUTORY INFORMATION

Coherent Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 company had net current liabilities of £162,389 (2022: £164,764) as at 31 March 2023. The financial statements have been prepared on the going concern basis, on the assumption that the company will continue in operational existence and that existing credit facilities will continue to be made available to the company for the foreseeable future. The directors therefore believe that it is appropriate for the statements to be prepared on the going concern basis

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.
Furniture and equipment - 15% on reducing balance

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss.
All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changed recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised


COHERENT ESTATES LIMITED (REGISTERED NUMBER: 11160402)

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

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Furniture
Freehold and
property equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 164,405 3,139 167,544
DEPRECIATION
At 1 April 2022 - 1,547 1,547
Charge for year - 238 238
At 31 March 2023 - 1,785 1,785
NET BOOK VALUE
At 31 March 2023 164,405 1,354 165,759
At 31 March 2022 164,405 1,592 165,997

The property was valued at £164,405 on an open market basis on 31 March 2023 by the directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,192 1,064

COHERENT ESTATES LIMITED (REGISTERED NUMBER: 11160402)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 501 -
Taxation and social security 557 306
Other creditors 186,441 183,349
187,499 183,655

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
76 Class A £1 76 76
24 Class B 1 24 24
100 100

8. RESERVES
Retained
earnings
£   

At 1 April 2022 1,133
Profit for the year 2,137
At 31 March 2023 3,270

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The amount due to G Sudhir and S Sudhir, the directors, at the year end was £184,640 (2022: £182,553).

10. ULTIMATE CONTROLLING PARTY

During the period ending 31 March 2023 G Sudhir and S Sudhir, the directors, together with members of their close family, controlled the company by virtue of a controlling interest of 100% of the issued ordinary share capital