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REGISTERED NUMBER: 02144481 (England and Wales)















Coppercrest Investments Limited

Unaudited Financial Statements for the Year Ended 31 December 2023






Coppercrest Investments Limited (Registered number: 02144481)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Coppercrest Investments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr D E Carpenter
Mrs P J Carpenter





SECRETARY: Mrs P J Carpenter





REGISTERED OFFICE: Parkfield
Rodmell
Lewes
East Sussex
BN7 3HG





REGISTERED NUMBER: 02144481 (England and Wales)





ACCOUNTANTS: Swindells LLP
Chartered Accountants
Atlantic House
8 Bell Lane
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 1QL

Coppercrest Investments Limited (Registered number: 02144481)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 230 270
Investment property 5 1,773,015 1,750,976
1,773,245 1,751,246

CURRENT ASSETS
Debtors 6 624,863 7,489
Cash at bank 14,949 691,748
639,812 699,237
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

35,334

69,210
NET CURRENT ASSETS 604,478 630,027
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,377,723

2,381,273

PROVISIONS FOR LIABILITIES 219,750 233,078
NET ASSETS 2,157,973 2,148,195

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 895,415 880,062
Retained earnings 1,262,458 1,268,033
SHAREHOLDERS' FUNDS 2,157,973 2,148,195

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Coppercrest Investments Limited (Registered number: 02144481)

Balance Sheet - continued
31 December 2023


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





Mr D E Carpenter - Director


Coppercrest Investments Limited (Registered number: 02144481)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Coppercrest Investments Limited 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 the provisions of Section 1A "Small Entities" 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 cost convention as modified by the fair value of certain assets.

Turnover
Rental income is recognised on an accruals basis in accordance with the terms of the lease agreements.

Other income from lease extensions is recognised on the grant of the lease extension and profits and losses arising on the sale of an investment property are recognised upon the unconditional sale of the property.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at fair value at each reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Coppercrest Investments Limited (Registered number: 02144481)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 6,449
DEPRECIATION
At 1 January 2023 6,179
Charge for year 40
At 31 December 2023 6,219
NET BOOK VALUE
At 31 December 2023 230
At 31 December 2022 270

Coppercrest Investments Limited (Registered number: 02144481)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 1,750,976
Additions 20,000
Revaluations 2,039
At 31 December 2023 1,773,015
NET BOOK VALUE
At 31 December 2023 1,773,015
At 31 December 2022 1,750,976

If investment properties had not been revalued they would have been included at historical cost of £657,901 (2022: £637,901).

Investment properties were valued at fair value on 31 December 2023 by the director Mr D E Carpenter.


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 624,863 7,489

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 19,821 61,256
Other creditors 15,513 7,954
35,334 69,210

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 100 100

Coppercrest Investments Limited (Registered number: 02144481)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. RESERVES
Fair
value
reserve
£   
At 1 January 2023 880,062
Transfer of fair value gain 2,039
Transfer of deferred tax on fair value
adjustments

13,314


At 31 December 2023 895,415

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made advances to the directors totalling £225,500 (2022: £203,000) and was repaid £234,275 (2022: £204,041). In addition, the company charged interest at 2.5% on any overdrawn loan balance which amounted to £1,695 for the year (2022: £1,613). At the balance sheet date the company owed the directors £11,256 (2022: £4,176). The loan is unsecured and repayable on demand.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £70,000 (2022 - £70,000) were paid to the directors .