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REGISTERED NUMBER: 02660313 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

Coleman Longbreck Limited

Coleman Longbreck Limited (Registered number: 02660313)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Coleman Longbreck Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mrs A Coleman





SECRETARY: Miss H V Coleman





REGISTERED OFFICE: Meadow View
21A Mildenhall Road
Barton Mills
Bury St Edmunds
Suffolk
IP28 6BD





REGISTERED NUMBER: 02660313 (England and Wales)





ACCOUNTANTS: Passmore Weeks and Richardson
A Xeinadin Company
2 Beacon End Courtyard
London Road, Stanway
Colchester
Essex
CO3 0NU

Coleman Longbreck Limited (Registered number: 02660313)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49 75
Investment property 5 1,501,714 1,501,714
1,501,763 1,501,789

CURRENT ASSETS
Debtors 6 1,673 3,346
Cash at bank and in hand 1,026,628 965,284
1,028,301 968,630
CREDITORS
Amounts falling due within one year 7 39,751 13,714
NET CURRENT ASSETS 988,550 954,916
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,490,313

2,456,705

PROVISIONS FOR LIABILITIES 26,038 26,038
NET ASSETS 2,464,275 2,430,667

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 2,464,075 2,430,467
SHAREHOLDERS' FUNDS 2,464,275 2,430,667

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Coleman Longbreck Limited (Registered number: 02660313)

Balance Sheet - continued
31 October 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 7 February 2024 and were signed by:





Mrs A Coleman - Director


Coleman Longbreck Limited (Registered number: 02660313)

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

1. STATUTORY INFORMATION

Coleman Longbreck 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.

Turnover
Turnover represents the value, net of value added tax and discounts, of rents receivable and work carried out in respect of services provided to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Motor vehicles - 25% on reducing balance

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.

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 NIL (2022 - NIL).

Coleman Longbreck Limited (Registered number: 02660313)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 25,659
DEPRECIATION
At 1 November 2022 25,584
Charge for year 26
At 31 October 2023 25,610
NET BOOK VALUE
At 31 October 2023 49
At 31 October 2022 75

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 1,501,714
NET BOOK VALUE
At 31 October 2023 1,501,714
At 31 October 2022 1,501,714

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2022 370,000
Cost 1,131,714
1,501,714

Fair value of the investment properties has been determined by comparison with the open market value of similar properties in the area.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 1,673 3,346

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Taxation and social security 7,850 5,812
Other creditors 31,901 7,902
39,751 13,714

Coleman Longbreck Limited (Registered number: 02660313)

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

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs A Coleman.