Company No:
Contents
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 |
2023 | 2022 | |||
£ | £ | |||
Current assets | ||||
Debtors | ||||
- due within one year | 3 |
|
|
|
- due after more than one year | 3 |
|
|
|
Cash at bank and in hand |
|
|
||
149,978 | 384,155 | |||
Creditors: amounts falling due within one year | 4 | (
|
(
|
|
Net current (liabilities)/assets | (1,601) | 115,019 | ||
Total assets less current liabilities | (1,601) | 115,019 | ||
Net (liabilities)/assets | (
|
|
||
Capital and reserves | ||||
Called-up share capital | 5 |
|
|
|
Profit and loss account | (
|
|
||
Total shareholder's (deficit)/funds | (
|
|
Directors' responsibilities:
The financial statements of DCH (Cornwall 1) Limited (registered number:
Mr D A Cole
Director |
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.
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 £.
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.
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.
2023 | 2022 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
|
|
2023 | 2022 | ||
£ | £ | ||
Debtors: amounts falling due within one year | |||
Amounts owed by Group undertakings |
|
|
|
Other debtors |
|
|
|
|
|
||
Debtors: amounts falling due after more than one year | |||
Other debtors |
|
|
2023 | 2022 | ||
£ | £ | ||
Trade creditors |
|
|
|
Amounts owed to Group undertakings |
|
|
|
Accruals |
|
|
|
Corporation tax |
|
|
|
Other creditors |
|
|
|
|
|
2023 | 2022 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
|
|
|
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).