REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 29 October 2022 to 27 October 2023 |
for |
South Coast Land and Homes Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 29 October 2022 to 27 October 2023 |
for |
South Coast Land and Homes Limited |
South Coast Land and Homes Limited (Registered number: 12946308) |
Contents of the Financial Statements |
for the Period 29 October 2022 to 27 October 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
South Coast Land and Homes Limited |
Company Information |
for the Period 29 October 2022 to 27 October 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
24 Picton House |
Hussar Court |
Waterlooville |
Hampshire |
PO7 7SQ |
South Coast Land and Homes Limited (Registered number: 12946308) |
Balance Sheet |
27 October 2023 |
27.10.23 | 28.10.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The director acknowledges his 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. |
South Coast Land and Homes Limited (Registered number: 12946308) |
Balance Sheet - continued |
27 October 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
South Coast Land and Homes Limited (Registered number: 12946308) |
Notes to the Financial Statements |
for the Period 29 October 2022 to 27 October 2023 |
1. | STATUTORY INFORMATION |
South Coast Land and Homes Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
Accounts are rounded to the nearest pound. |
The accounts represent the company as an individual entity. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts. |
Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery | - |
Motor vehicles | - |
Computer equipment | - |
Taxation |
Taxation for the period 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. |
South Coast Land and Homes Limited (Registered number: 12946308) |
Notes to the Financial Statements - continued |
for the Period 29 October 2022 to 27 October 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 period 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. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2022 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Plant and | Motor | Computer |
machinery | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 29 October 2022 |
Additions |
Disposals | ( |
) | ( |
) |
At 27 October 2023 |
DEPRECIATION |
At 29 October 2022 |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) |
At 27 October 2023 |
NET BOOK VALUE |
At 27 October 2023 |
At 28 October 2022 |
South Coast Land and Homes Limited (Registered number: 12946308) |
Notes to the Financial Statements - continued |
for the Period 29 October 2022 to 27 October 2023 |
4. | TANGIBLE FIXED ASSETS - continued |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
£ |
COST |
At 29 October 2022 |
Disposals | ( |
) |
At 27 October 2023 |
DEPRECIATION |
At 29 October 2022 |
Eliminated on disposal | ( |
) |
At 27 October 2023 |
NET BOOK VALUE |
At 27 October 2023 |
At 28 October 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
27.10.23 | 28.10.22 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
27.10.23 | 28.10.22 |
£ | £ |
Hire purchase contracts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
27.10.23 | 28.10.22 |
£ | £ |
Hire purchase contracts |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 27.10.23 | 28.10.22 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |
South Coast Land and Homes Limited (Registered number: 12946308) |
Notes to the Financial Statements - continued |
for the Period 29 October 2022 to 27 October 2023 |
9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the periods ended 27 October 2023 and 28 October 2022: |
27.10.23 | 28.10.22 |
£ | £ |
Balance outstanding at start of period | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period | ( |
) |
At the period end the director owed the company £5,255 (2022: £195 was owed to the Director) |