Company Registration No. 11557094 (England and Wales)
North Coast Developments Ltd
Unaudited accounts
for the year ended 30 September 2023
North Coast Developments Ltd
Unaudited accounts
Contents
North Coast Developments Ltd
Company Information
for the year ended 30 September 2023
Directors
Mr Timothy Carl Burnett
Mr Terence Kevin Cathrae
Mr Ryan Robert Cathrae
Company Number
11557094 (England and Wales)
Registered Office
8 Daws Meadow
Camelford
Cornwall
PL32 9PX
England
Accountants
Rowe Accountancy and Tax Solutions
22 Fore Street
Camelford
Cornwall
Cornwall
PL32 9PG
North Coast Developments Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
5,833
7,291
Investment property
429,712
-
Cash at bank and in hand
148,659
12,726
Creditors: amounts falling due within one year
(111,692)
(245,250)
Net current assets
36,967
188,814
Total assets less current liabilities
472,512
196,105
Creditors: amounts falling due after more than one year
-
(3,560)
Net assets
472,512
192,545
Called up share capital
100
100
Profit and loss account
472,412
192,445
Shareholders' funds
472,512
192,545
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by
Mr Timothy Carl Burnett
Director
Company Registration No. 11557094
North Coast Developments Ltd
Notes to the Accounts
for the year ended 30 September 2023
North Coast Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 11557094. The registered office is 8 Daws Meadow, Camelford, Cornwall, PL32 9PX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Investment properties are carried at fair value. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
North Coast Developments Ltd
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery
At 30 September 2023
17,800
At 30 September 2023
11,967
At 30 September 2023
5,833
At 30 September 2022
7,291
At 30 September 2023
429,712
The Investment property was purchased in May 2023 and the Directors are of the opinion that the property had not increased in value as at 30th September 2023 and therefore the carrying fair value was £429,712.
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
3,560
3,560
Taxes and social security
76,985
-
Loans from directors
-
240,400
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
3,560
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).