Coleman Mercer Young Limited 07971083 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is property rental Digita Accounts Production Advanced 6.30.9574.0 true 07971083 2023-01-01 2023-12-31 07971083 2023-12-31 07971083 core:RetainedEarningsAccumulatedLosses 2023-12-31 07971083 core:ShareCapital 2023-12-31 07971083 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 07971083 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-12-31 07971083 bus:SmallEntities 2023-01-01 2023-12-31 07971083 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07971083 bus:FullAccounts 2023-01-01 2023-12-31 07971083 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07971083 bus:RegisteredOffice 2023-01-01 2023-12-31 07971083 bus:Director1 2023-01-01 2023-12-31 07971083 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07971083 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-01-01 2023-12-31 07971083 countries:England 2023-01-01 2023-12-31 07971083 2022-12-31 07971083 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-12-31 07971083 2022-01-01 2022-12-31 07971083 2022-12-31 07971083 core:RetainedEarningsAccumulatedLosses 2022-12-31 07971083 core:ShareCapital 2022-12-31 07971083 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 07971083 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2022-12-31 07971083 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-12-31 07971083 core:PreviouslyStatedAmount 2022-12-31 07971083 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2022-01-01 2022-12-31 07971083 2021-12-31 07971083 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2021-12-31 iso4217:GBP xbrli:pure

Registration number: 07971083

Coleman Mercer Young Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Coleman Mercer Young Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Coleman Mercer Young Limited

(Registration number: 07971083)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

1,235,636

1,023,540

Creditors: Amounts falling due within one year

5

(1,243,175)

(1,028,536)

Net liabilities

 

(7,539)

(4,996)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(7,540)

(4,997)

Shareholders' deficit

 

(7,539)

(4,996)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 May 2024
 

.........................................
Mr P J T Doran
Director

 

Coleman Mercer Young Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
9 Thorne Road
Doncaster
DN1 2HJ
United Kingdom

These financial statements were authorised for issue by the director on 1 May 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Coleman Mercer Young Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Investment properties

2023
£

At 1 January

1,023,540

Additions

212,096

At 31 December

1,235,636

There has been no valuation of investment property by an independent valuer.

5

Creditors

Note

2023
£

2022
£

Due within one year

 

Amounts owed to related parties

6

1,242,749

1,028,146

Accrued expenses

 

426

390

 

1,243,175

1,028,536

 

Coleman Mercer Young Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Related party transactions

Loans from related parties

2023

Entities with joint control or significant influence
£

Total
£

At start of period

1,023,641

1,023,641

Advanced

211,673

211,673

At end of period

1,235,314

1,235,314

2022

Entities with joint control or significant influence
£

Total
£

At start of period

698,647

698,647

Advanced

324,994

324,994

At end of period

1,023,641

1,023,641

Terms of loans from related parties

There are no repayment terms and interest is not charged on the balance.