Silverfin false false 30/06/2023 01/07/2022 30/06/2023 Mr D A Cole 08/07/2018 Mr P M Keep 09/07/2018 Mr A Seager 09/07/2018 25 July 2024 The principle activity of the Company during the financial year was property development. 11454397 2023-06-30 11454397 bus:Director1 2023-06-30 11454397 bus:Director2 2023-06-30 11454397 bus:Director3 2023-06-30 11454397 core:CurrentFinancialInstruments 2023-06-30 11454397 core:CurrentFinancialInstruments 2022-06-30 11454397 core:Non-currentFinancialInstruments 2023-06-30 11454397 core:Non-currentFinancialInstruments 2022-06-30 11454397 2022-06-30 11454397 core:ShareCapital 2023-06-30 11454397 core:ShareCapital 2022-06-30 11454397 core:RetainedEarningsAccumulatedLosses 2023-06-30 11454397 core:RetainedEarningsAccumulatedLosses 2022-06-30 11454397 bus:OrdinaryShareClass1 2023-06-30 11454397 2022-07-01 2023-06-30 11454397 bus:FilletedAccounts 2022-07-01 2023-06-30 11454397 bus:SmallEntities 2022-07-01 2023-06-30 11454397 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 11454397 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 11454397 bus:Director1 2022-07-01 2023-06-30 11454397 bus:Director2 2022-07-01 2023-06-30 11454397 bus:Director3 2022-07-01 2023-06-30 11454397 2021-07-01 2022-06-30 11454397 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 11454397 bus:OrdinaryShareClass1 2021-07-01 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11454397 (England and Wales)

DCH (CORNWALL 1) LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2023
Pages for filing with the registrar

DCH (CORNWALL 1) LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

DCH (CORNWALL 1) LIMITED

COMPANY INFORMATION

For the financial year ended 30 June 2023
DCH (CORNWALL 1) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2023
DIRECTORS Mr D A Cole
Mr P M Keep
Mr A Seager
REGISTERED OFFICE Lowin House
Tregolls Road
Truro
Cornwall
TR1 2NA
United Kingdom
COMPANY NUMBER 11454397 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
BANKERS Barclays Bank plc
Leicester
Leicestershire
LE87 2BB
SOLICITORS Murrell Associates
14 High Cross
Truro
Cornwall
TR1 2AJ
DCH (CORNWALL 1) LIMITED

BALANCE SHEET

As at 30 June 2023
DCH (CORNWALL 1) LIMITED

BALANCE SHEET (continued)

As at 30 June 2023
2023 2022
£ £
Current assets
Debtors
- due within one year 3 149,825 284,204
- due after more than one year 3 0 8,000
Cash at bank and in hand 153 91,951
149,978 384,155
Creditors: amounts falling due within one year 4 ( 151,579) ( 269,136)
Net current (liabilities)/assets (1,601) 115,019
Total assets less current liabilities (1,601) 115,019
Net (liabilities)/assets ( 1,601) 115,019
Capital and reserves
Called-up share capital 5 60 60
Profit and loss account ( 1,661 ) 114,959
Total shareholder's (deficit)/funds ( 1,601) 115,019

For the financial year ending 30 June 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of DCH (Cornwall 1) Limited (registered number: 11454397) were approved and authorised for issue by the Board of Directors on 25 July 2024. They were signed on its behalf by:

Mr D A Cole
Director
DCH (CORNWALL 1) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
DCH (CORNWALL 1) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

DCH (Cornwall 1) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA, United Kingdom. The principle place of business is Trethellan Barn, Trevean Way, Newquay, Cornwall, TR7 1TW.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £1,601. The company is supported through loans from the directors and other group companies. The directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts. Turnover from the sale of development property is recognised on completion of the underlying sale contract.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Debtors

2023 2022
£ £
Debtors: amounts falling due within one year
Amounts owed by Group undertakings 99,551 246,237
Other debtors 50,274 37,967
149,825 284,204
Debtors: amounts falling due after more than one year
Other debtors 0 8,000

4. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 0 57,755
Amounts owed to Group undertakings 148,694 0
Accruals 2,635 3,299
Corporation tax 0 205,672
Other creditors 250 2,410
151,579 269,136

5. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
60 Ordinary shares of £ 1.00 each 60 60

6. Related party transactions

Other related party transactions

2023 2022
£ £
DCD (St Marina) Limited 36,561 36,561
David Cole Homes Limited 99,551 218,931
DCH (Cornwall 2) Limited (148,694) 27,306

DCD (St Marina) Limited
A company under the control of the director Mr D A Cole
An interest free loan
At the balance sheet date the company was owed £36,561 by DCD (St Marina) Limited on an intercompany loan account (2022 - £36,561).

David Cole Homes Limited
Parent company
Interest free loan
At the balance sheet date the company was owed £99,551 by David Cole Homes Limited on an intercompany loan account (2022 - £218,931).

DCH (Cornwall 2) Limited
A fellow group company
Interest free loan
At the balance sheet date DCH (Cornwall 2) was owed £148,694 by the company on an intercompany loan account (2022 the company was owed £27,306 by DCH (Cornwall 2) Limited).