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Coesite Limited
Registered Number:11337109
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Coesite Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
11337109
As at 31 March 2024
Coesite Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
3,308,048
3,151,698
2
3,308,048
3,151,698
Current assets
Trade and other receivables
6,375
205,367
3
633,766
Cash and cash equivalents
523,669
729,036
640,141
Trade and other payables: amounts falling due within one
year
(266,532)
(1,300,582)
4
373,609
(571,546)
Net current liabilities
Total assets less current liabilities
2,736,502
3,525,307
Trade and other payables: amounts falling due after more
than one year
(2,369,923)
(1,550,208)
5
(215,860)
(215,860)
Provisions for liabilities
970,434
Net assets
939,524
Capital and reserves
Called up share capital
3
3
Fair value reserve
1,204,270
1,204,270
Retained earnings
(233,839)
(264,749)
970,434
939,524
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Daniel Coe Director
These financial statements were approved and authorised for issue by the Board on 02 September 2024 and were signed by:
1 of 4
4
Registered Number :
11337109
For the year ended 31 March 2024
Coesite Limited
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 4
5
For the year ended 31 March 2024
Coesite Limited
Notes to the Financial Statements
Statutory Information
Coesite Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
11337109.
Registered address:
Rosemar
Shellwood Rd
Leigh
Reigate
RH2 8NT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Property, plant and equipment
Land and
Buildings
£
Cost or
valuation
At 01 April 2023
3,151,698
156,350
Additions
At 31 March 2024
3,308,048
At 31 March 2024
Net book value
3,308,048
At 31 March 2023
3,151,698
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6
For the year ended 31 March 2024
Coesite Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Other debtors
205,367
6,375
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
129,320
(79,300)
Taxation and social security
7,200
4,771
Other creditors
1,164,062
341,061
1,300,582
266,532
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
31,259
-
Bank loans and overdraft (secured)
1,498,949
1,504,566
Other creditors
20,000
865,357
1,550,208
2,369,923
6. Average number of persons employed
During the year the average number of employees was 0
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