Silverfin false false 30/06/2023 01/07/2022 30/06/2023 Mr D A Cole 31/10/2018 Mr P M Keep 31/10/2018 Mr A Seager 31/10/2018 25 July 2024 The principle activity of the Company during the financial year was property development. 11652570 2023-06-30 11652570 bus:Director1 2023-06-30 11652570 bus:Director2 2023-06-30 11652570 bus:Director3 2023-06-30 11652570 2022-06-30 11652570 core:CurrentFinancialInstruments 2023-06-30 11652570 core:CurrentFinancialInstruments 2022-06-30 11652570 core:ShareCapital 2023-06-30 11652570 core:ShareCapital 2022-06-30 11652570 core:RetainedEarningsAccumulatedLosses 2023-06-30 11652570 core:RetainedEarningsAccumulatedLosses 2022-06-30 11652570 bus:OrdinaryShareClass1 2023-06-30 11652570 2022-07-01 2023-06-30 11652570 bus:FilletedAccounts 2022-07-01 2023-06-30 11652570 bus:SmallEntities 2022-07-01 2023-06-30 11652570 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 11652570 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 11652570 bus:Director1 2022-07-01 2023-06-30 11652570 bus:Director2 2022-07-01 2023-06-30 11652570 bus:Director3 2022-07-01 2023-06-30 11652570 2021-07-01 2022-06-30 11652570 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 11652570 bus:OrdinaryShareClass1 2021-07-01 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11652570 (England and Wales)

DCH (CORNWALL 2) LIMITED

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

DCH (CORNWALL 2) LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

DCH (CORNWALL 2) LIMITED

COMPANY INFORMATION

For the financial year ended 30 June 2023
DCH (CORNWALL 2) 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 11652570 (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 2) LIMITED

BALANCE SHEET

As at 30 June 2023
DCH (CORNWALL 2) LIMITED

BALANCE SHEET (continued)

As at 30 June 2023
2023 2022
£ £
Current assets
Stocks 0 183,131
Debtors 3 160,979 11,143
Cash at bank and in hand 5,339 4,353
166,318 198,627
Creditors: amounts falling due within one year 4 ( 178,419) ( 173,073)
Net current (liabilities)/assets (12,101) 25,554
Total assets less current liabilities (12,101) 25,554
Net (liabilities)/assets ( 12,101) 25,554
Capital and reserves
Called-up share capital 5 60 60
Profit and loss account ( 12,161 ) 25,494
Total shareholder's (deficit)/funds ( 12,101) 25,554

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 2) Limited (registered number: 11652570) 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 2) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
DCH (CORNWALL 2) 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 2) 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 £11,458. 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
£ £
Amounts owed by Group undertakings 148,694 0
Corporation tax 1,003 0
Other debtors 11,282 11,143
160,979 11,143

4. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 18,522 18,522
Amounts owed to Group undertakings 107,455 107,005
Taxation and social security 0 5,273
Other creditors 52,442 42,273
178,419 173,073

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

Transactions with the entity's directors

2023 2022
£ £
Mr D A Cole 1,440 1,440
Mr P M Keep 6,440 6,440
Mr A Seager 12,880 12,880

Interest free loans
The directors provided working capital to the company by way of interest free loans advanced by companies under their control. At the balance sheet date the company owed David Cole Property Limited (Mr D A Cole) £1,440 (2022 - £1,440), 5minutesaway Limited (Mr P M Keep) £6,440 (2022 - £6,440) and Project Trading & Management Limited (Mr A Seager) £12,880 (2022 - £12,880) in this respect.

Other related party transactions

2023 2022
£ £
DCD (St Marina) Limited 12,980 12,980
David Cole Homes Limited 107,455 79,699
DCH (Cornwall 1) Limited (148,694) 27,306

DCD (St Marina) Limited
A company under the control of the director Mr D A Cole
Interest free loan
At the balance sheet date the company owed DCD (St Marina) Limited £12,980 on an intercompany loan account (2022 - £12,980).

David Cole Homes Limited
Parent company
Interest free loan
At the balance sheet date the company owed David Cole Homes Limited £107,455 on an intercompany loan account (2022 - £79,699).

DCH (Cornwall 1) Limited
A fellow group company
Interest free loan
At the balance sheet date DCH (Cornwall 1) Limited owed the company £148,694 on an intercompany loan account (2022 the company was owed £27,306).