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REGISTERED NUMBER: 11046742 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

CITY & COAST PROPERTY LIMITED

CITY & COAST PROPERTY LIMITED (REGISTERED NUMBER: 11046742)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CITY & COAST PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: P O Newton
N E H Newton





REGISTERED OFFICE: Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU





REGISTERED NUMBER: 11046742 (England and Wales)





ACCOUNTANTS: Lawes & Co
Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU

CITY & COAST PROPERTY LIMITED (REGISTERED NUMBER: 11046742)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,342 2,202
Investment property 5 1,158,027 1,158,027
1,159,369 1,160,229

CURRENT ASSETS
Debtors 6 220 709
Cash at bank 889,130 818,698
889,350 819,407
CREDITORS
Amounts falling due within one year 7 1,658,672 1,636,159
NET CURRENT LIABILITIES (769,322 ) (816,752 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

390,047

343,477

CREDITORS
Amounts falling due after more than
one year

8

(200,000

)

(200,000

)

PROVISIONS FOR LIABILITIES 9 (15,874 ) (12,228 )
NET ASSETS 174,173 131,249

CITY & COAST PROPERTY LIMITED (REGISTERED NUMBER: 11046742)

BALANCE SHEET - continued
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 20 20
Revaluation reserve 62,156 62,156
Retained earnings 111,997 69,073
SHAREHOLDERS' FUNDS 174,173 131,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:





N E H Newton - Director


CITY & COAST PROPERTY LIMITED (REGISTERED NUMBER: 11046742)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

City & Coast Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the income from investment property, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


CITY & COAST PROPERTY LIMITED (REGISTERED NUMBER: 11046742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 16,823 1,091 17,914
DEPRECIATION
At 1 December 2022 14,801 911 15,712
Charge for year 814 46 860
At 30 November 2023 15,615 957 16,572
NET BOOK VALUE
At 30 November 2023 1,208 134 1,342
At 30 November 2022 2,022 180 2,202

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 1,158,027
NET BOOK VALUE
At 30 November 2023 1,158,027
At 30 November 2022 1,158,027

CITY & COAST PROPERTY LIMITED (REGISTERED NUMBER: 11046742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. INVESTMENT PROPERTY - continued

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2021 62,156
Cost 1,095,871
1,158,027

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors - 709
Other debtors 220 -
220 709

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security 48,423 27,252
Other creditors 1,610,249 1,608,907
1,658,672 1,636,159

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Other creditors 200,000 200,000

9. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax
Accelerated capital allowances 15,874 12,228

Deferred
tax
£   
Balance at 1 December 2022 12,228
Accelerated capital allowances 3,646
Balance at 30 November 2023 15,874

CITY & COAST PROPERTY LIMITED (REGISTERED NUMBER: 11046742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
10 Ordinary A £1 10 10
10 Ordinary B £1 10 10
20 20

11. RELATED PARTY DISCLOSURES

The directors maintain interest free loan accounts with the company. As at the balance sheet date, the company owed the directors £1,606,833 (2022: £1,605,906).

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.