Copoll (Brighton) Limited 02921014 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the rental of it's own investment property. Digita Accounts Production Advanced 6.30.9574.0 true true 02921014 2023-04-01 2024-03-31 02921014 2024-03-31 02921014 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-03-31 02921014 core:RetainedEarningsAccumulatedLosses 2024-03-31 02921014 core:ShareCapital 2024-03-31 02921014 core:CurrentFinancialInstruments 2024-03-31 02921014 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02921014 core:FurnitureFittingsToolsEquipment 2024-03-31 02921014 bus:SmallEntities 2023-04-01 2024-03-31 02921014 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02921014 bus:FilletedAccounts 2023-04-01 2024-03-31 02921014 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02921014 bus:RegisteredOffice 2023-04-01 2024-03-31 02921014 bus:Director1 2023-04-01 2024-03-31 02921014 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-04-01 2024-03-31 02921014 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02921014 core:FurnitureFittings 2023-04-01 2024-03-31 02921014 core:OfficeEquipment 2023-04-01 2024-03-31 02921014 countries:EnglandWales 2023-04-01 2024-03-31 02921014 2023-03-31 02921014 core:FurnitureFittingsToolsEquipment 2023-03-31 02921014 2022-04-01 2023-03-31 02921014 2023-03-31 02921014 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-03-31 02921014 core:RetainedEarningsAccumulatedLosses 2023-03-31 02921014 core:ShareCapital 2023-03-31 02921014 core:CurrentFinancialInstruments 2023-03-31 02921014 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02921014

Copoll (Brighton) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

image-name
 

Copoll (Brighton) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Copoll (Brighton) Limited

Company Information

Director

Miss Michele Cohen

Registered office

2/4 Ash Lane
Rustington
Littlehampton
West Sussex
BN16 3BZ

Accountants

Lucraft Hodgson & Dawes LLP
2/4 Ash Lane
Rustington
West Sussex
BN16 3BZ

 

Copoll (Brighton) Limited

(Registration number: 02921014)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

5

280,587

280,587

Current assets

 

Debtors

6

-

2

Cash at bank and in hand

 

4,138

2,198

 

4,138

2,200

Creditors: Amounts falling due within one year

7

(23,930)

(24,412)

Net current liabilities

 

(19,792)

(22,212)

Net assets

 

260,795

258,375

Capital and reserves

 

Called up share capital

8

42

42

Profit and loss account

260,753

258,333

Shareholders' funds

 

260,795

258,375

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 August 2024
 

.........................................
Miss Michele Cohen
Director

 

Copoll (Brighton) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2/4 Ash Lane
Rustington
Littlehampton
West Sussex
BN16 3BZ
United Kingdom

These financial statements were authorised for issue by the director on 8 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling, which is also the company's functional currency. The financial statements are rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Copoll (Brighton) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% straight line

Fixtures and fittings

20% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Copoll (Brighton) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

1,234

1,234

At 31 March 2024

1,234

1,234

Depreciation

At 1 April 2023

1,234

1,234

At 31 March 2024

1,234

1,234

Carrying amount

At 31 March 2024

-

-

5

Investment properties

2024
£

At 1 April

280,587

At 31 March

280,587

There has been no valuation of investment property by an independent valuer.

 

Copoll (Brighton) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Debtors

Current

2024
£

2023
£

Other debtors

-

2

 

-

2

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

20,528

21,029

Accruals and deferred income

 

650

630

Other creditors

 

2,752

2,753

 

23,930

24,412

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

42

42

42

42

         

9

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Other borrowings

20,528

21,029

20,528

21,029