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REGISTERED NUMBER: 11857097 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

E COLEMAN INVESTMENTS LTD

E COLEMAN INVESTMENTS LTD (REGISTERED NUMBER: 11857097)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

E COLEMAN INVESTMENTS LTD

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTORS: E D Coleman
E J Coleman





REGISTERED OFFICE: 206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS





REGISTERED NUMBER: 11857097 (England and Wales)





ACCOUNTANTS: F E Hawkes & Co
206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS

E COLEMAN INVESTMENTS LTD (REGISTERED NUMBER: 11857097)

BALANCE SHEET
30 June 2023

2022 2023
£    £    Notes £    £   
FIXED ASSETS
1,050,000 Investment property 4 1,125,000

CURRENT ASSETS
1,056,236 Debtors 5 225
35,017 Cash at bank and in hand 50,934
1,091,253 51,159
CREDITORS
2,097,736 Amounts falling due within one year 6 1,113,640
(1,006,483 ) NET CURRENT LIABILITIES (1,062,481 )
43,517 TOTAL ASSETS LESS CURRENT
LIABILITIES

62,519

26,074 PROVISIONS FOR LIABILITIES 44,824
17,443 NET ASSETS 17,695

CAPITAL AND RESERVES
100 Called up share capital 100
17,343 Retained earnings 17,595
17,443 SHAREHOLDERS' FUNDS 17,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 11 March 2024 and were signed on its behalf by:





E D Coleman - Director


E COLEMAN INVESTMENTS LTD (REGISTERED NUMBER: 11857097)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

E Coleman Investments Ltd is a private company, limited by shares and registered in England and Wales.

The company's registered number and registered office address are as follows:

Registered number: 11857097

Registered office: 206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS

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

The principal activity of the company in the year under review was that of the renting of real estate.

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.

As with most businesses the company has been impacted by the Coronavirus (Covid 19). This has had an impact on the business operations, clients and service providers. The company is not eligible for the various grants and benefits available from the Government but are taking all the steps necessary to protect the future of the business.

Although the total impact is still uncertain the directors believe that it is appropriate to prepare the accounts on a 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.

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.

E COLEMAN INVESTMENTS LTD (REGISTERED NUMBER: 11857097)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023


3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY

The directors have considered the fair value of the property and believe this to be in the region of £1,125,000. In the event of the disposal of this property at the above value the company would incur a corporation tax liability on the capital gain of £44,824..

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2023 1,125,000

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

2023 2022
£    £   
Cost 945,703 945,703

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 1,056,011
Prepayments 225 225
225 1,056,236

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 630,000 630,000
Other creditors 477,000 1,463,362
Accrued expenses 6,640 4,374
1,113,640 2,097,736

E COLEMAN INVESTMENTS LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
E COLEMAN INVESTMENTS LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






F E Hawkes & Co
206 Endeavour House
Wrest Park
Silsoe
Bedfordshire
MK45 4HS


12 March 2024