Registered number
10552210
Coralrose Limited
Filleted Accounts
31 January 2024
Coralrose Limited
Registered number: 10552210
Balance Sheet
as at 31 January 2024
Notes 2024 2023
Fixed assets
Investments 3 30,000 30,000
Current assets
Debtors 4 103,000 3,000
Investments held as current assets 5 300,000 400,000
403,000 403,000
Net current assets 403,000 403,000
Total assets less current liabilities 433,000 433,000
Creditors: amounts falling due after more than one year 6 (130,000) (130,000)
Net assets 303,000 303,000
Capital and reserves
Called up share capital 3,000 3,000
Capital contribution reserve 300,000 300,000
Shareholder's funds 303,000 303,000
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Purdon
Director
Approved by the board on 29 August 2024
Coralrose Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
Cost
At 1 February 2023 30,000
At 31 January 2024 30,000
4 Debtors 2024 2023
Other debtors 103,000 3,000
5 Investments held as current assets 2024 2023
Fair value
Unlisted investments 300,000 400,000
6 Creditors: amounts falling due after one year 2024 2023
Other creditors 130,000 130,000
7 Controlling party
100% of the share capital of Coralrose Limited is held by the company Desert Arabian Real Estate Brokers.
8 Other information
Coralrose Limited is a private company limited by shares and incorporated in England. Its registered office is:
19 Leyden Street
London
E1 7LE
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