Registered number
09723398
Coplan Estates (Caterham) Limited
Filleted Accounts
30 June 2024
Coplan Estates (Caterham) Limited
Registered number: 09723398
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 200 200
Cash at bank and in hand 346,392 347,492
346,592 347,692
Creditors: amounts falling due within one year 4 (907,079) (907,679)
Net current liabilities (560,487) (559,987)
Net liabilities (560,487) (559,987)
Capital and reserves
Called up share capital 200 200
Profit and loss account (560,687) (560,187)
Shareholders' funds (560,487) (559,987)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
P D Stanley
Director
Approved by the board on 1 October 2024
Coplan Estates (Caterham) Limited
Notes to the Accounts
for the year ended 30 June 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of properties and from the rendering of services. Turnover from the sale of properties is recognised when the significant risks and rewards of ownership of the properties have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Debtors 2024 2023
£ £
Other debtors 200 200
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 907,079 907,679
5 Related party transactions 2024 2023
£ £
Loan from shareholder
D Coates holds all of the issued B Ordinary shares in the Company and during the year continued to make a loan available to the Company to provide working capital. The loan carries interest at 3.5% above Bank of England base rate and is repayable upon completion or abandonment of the Company's current project. The Company has the ability to repay the loan early at its discretion.
Amount due to the related party 670,000 670,000
6 Controlling party
In the opinion of the directors there is no ultimate controlling party.
7 Other information
Coplan Estates (Caterham) Limited is a private company limited by shares and incorporated in England. Its registered office is:
38 Churton Street
London
SW1V 2LP
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