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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
Page
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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
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North Coast Developments Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,833 
7,291 
Investment property
429,712 
- 
435,545 
7,291 
Current assets
Inventories
- 
421,024 
Debtors
- 
314 
Cash at bank and in hand
148,659 
12,726 
148,659 
434,064 
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 
Capital and reserves
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
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North Coast Developments Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
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.
3
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 property
Investment properties are carried at fair value. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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North Coast Developments Ltd Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2022
17,800 
At 30 September 2023
17,800 
Depreciation
At 1 October 2022
10,509 
Charge for the year
1,458 
At 30 September 2023
11,967 
Net book value
At 30 September 2023
5,833 
At 30 September 2022
7,291 
5
Investment property
2023 
£ 
Additions
429,712 
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.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
314 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
3,560 
3,560 
Trade creditors
29,657 
- 
Taxes and social security
76,985 
- 
Loans from directors
- 
240,400 
Accruals
1,490 
1,290 
111,692 
245,250 
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).
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