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REGISTERED NUMBER: 03092691 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CORAMANDEL PROPERTIES LIMITED

CORAMANDEL PROPERTIES LIMITED (REGISTERED NUMBER: 03092691)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CORAMANDEL PROPERTIES LIMITED

COMPANY INFORMATION
for the year ended 31 DECEMBER 2023







DIRECTOR: Y Patel



SECRETARY: J C Dave



REGISTERED OFFICE: First Floor
240 Earls Court Road
Earls Court
London
SW5 9AA



REGISTERED NUMBER: 03092691 (England and Wales)



ACCOUNTANTS: Randall Robinson
Chartered Certified Accountants
Office 3.14
85 Gresham Street
London
EC2V 7NQ



BANKERS: Natwest
City of London Office
PO Box 12258
1 Princes Street
London
EC2R 8PA

CORAMANDEL PROPERTIES LIMITED (REGISTERED NUMBER: 03092691)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,117,294 1,073,988

CURRENT ASSETS
Investments 5 1,819,500 1,369,500
Cash at bank 274,542 16,906
2,094,042 1,386,406
CREDITORS
Amounts falling due within one year 6 186,615 323,420
NET CURRENT ASSETS 1,907,427 1,062,986
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,024,721

2,136,974

CREDITORS
Amounts falling due after more than
one year

7

2,084,056

1,166,913
NET ASSETS 940,665 970,061

CORAMANDEL PROPERTIES LIMITED (REGISTERED NUMBER: 03092691)

BALANCE SHEET - continued
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Share premium 66,000 66,000
Retained earnings 869,665 899,061
SHAREHOLDERS' FUNDS 940,665 970,061

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

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

The director acknowledges his 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 director and authorised for issue on 6 February 2024 and were signed by:





Y Patel - Director


CORAMANDEL PROPERTIES LIMITED (REGISTERED NUMBER: 03092691)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 DECEMBER 2023


1. STATUTORY INFORMATION

Coramandel Properties 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.

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.
Plant and machinery etc - 25% on reducing balance

Investment properties
In accordance with the Financial Reporting Standard For Smaller Entities ( effective June 2002), properties held for long term investment are included in the Balance Sheet at their open market values. The surplus or deficit on revaluation of such properties are transferred to the investment property revaluation reserve.
Depreciation is not provided in respect of freehold investment properties. Leasehold investment properties are not amortised where the un-expired term is over twenty years.


The policy represents a departure from the requirements of the Companies Act 1985 which requires depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the financial statements may give a true and fair view.

3. EMPLOYEES AND DIRECTORS

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

CORAMANDEL PROPERTIES LIMITED (REGISTERED NUMBER: 03092691)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 1,073,450 54,211 1,127,661
Additions 43,440 - 43,440
At 31 December 2023 1,116,890 54,211 1,171,101
DEPRECIATION
At 1 January 2023 - 53,673 53,673
Charge for year - 134 134
At 31 December 2023 - 53,807 53,807
NET BOOK VALUE
At 31 December 2023 1,116,890 404 1,117,294
At 31 December 2022 1,073,450 538 1,073,988

5. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 1,819,500 1,369,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Bank loans and overdrafts - 59,711
Trade creditors 109,005 64,630
Taxation and social security (815 ) 12,654
Other creditors 78,425 186,425
186,615 323,420

CORAMANDEL PROPERTIES LIMITED (REGISTERED NUMBER: 03092691)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2023 2022
£    £   
Bank loans 1,711,400 782,257
Other creditors 372,656 384,656
2,084,056 1,166,913

Repayable otherwise than by instalments

Shareholders Loan545,666486,966

Repayable by instalments


Bank Loans1,016,4651,074,431

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,711,400 841,968

9. RELATED PARTY DISCLOSURES

There were no related party transactions during the year under review.