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REGISTERED NUMBER: 11691545 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

COLDRUM HOMES (TENTERDEN) LTD

COLDRUM HOMES (TENTERDEN) LTD (REGISTERED NUMBER: 11691545)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


COLDRUM HOMES (TENTERDEN) LTD

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Mr R J Stanton-Gleaves
Mr N V McPartland





REGISTERED OFFICE: 40 High Street
West Malling
Kent
ME19 6QR





REGISTERED NUMBER: 11691545 (England and Wales)





AUDITORS: Raffingers LLP, Statutory Auditor
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

COLDRUM HOMES (TENTERDEN) LTD (REGISTERED NUMBER: 11691545)

ABRIDGED BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 5,285,190 2,756,015
Debtors 43,694 47,989
Cash at bank 5,644 134,502
5,334,528 2,938,506
CREDITORS
Amounts falling due within one year 1,826,342 1,426,003
NET CURRENT ASSETS 3,508,186 1,512,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,508,186

1,512,503

CREDITORS
Amounts falling due after more than one year 4 3,514,483 1,518,104
NET LIABILITIES (6,297 ) (5,601 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (6,397 ) (5,701 )
(6,297 ) (5,601 )

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 September 2024 and were signed on its behalf by:





Mr R J Stanton-Gleaves - Director


COLDRUM HOMES (TENTERDEN) LTD (REGISTERED NUMBER: 11691545)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Coldrum Homes (Tenterden) Ltd 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.

The accounts have been prepared on the going concern basis as the directors are of the opinion that the company will meet its liabilities as and when due, due to the continued support of the directors.

Stocks
Stock is measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred relating to site developments to the date of the financial statements, including capitalising interest charges on loans.

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.

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.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Borrowing costs
Borrowing costs which are directly attributable to the acquisition, construction or production of a qualifying asset are capitalised.

3. EMPLOYEES AND DIRECTORS

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

COLDRUM HOMES (TENTERDEN) LTD (REGISTERED NUMBER: 11691545)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans 3,514,483 1,518,104

5. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 3,514,483 1,518,104

The bank loan was secured against the land at Beechwood Farm, Ashford Road, Tenterden, Kent, TN30 6HX.

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Thurairatnam Sudarshan FCCA (Senior Statutory Auditor)
for and on behalf of Raffingers LLP, Statutory Auditor

7. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption as per paragraph 33.1A of FRS 102 Related Party
Disclosures, not to disclose related party transactions with wholly owned subsidiaries within the group.

8. AUDITOR LIABILITY LIMITATION AGREEMENT

The company has entered into a liability limitation agreement with Raffingers, the statutory auditor, in respect of the statutory audit for the year ended 31 December 2023. The proportionate liability agreement follows the standard terms in Appendix B to the Financial Reporting Council's June 2008 Guidance on Auditor Liability Agreements, and was approved by the directors on 3 May 2024.

9. ULTIMATE CONTROLLING PARTY

The immediate parent company is Coldrum Homes Limited by virtue of ownership of the company's entire share capital.