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Registration number: 11663515

Coole Housing Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Coole Housing Limited

(Registration number: 11663515)

Balance Sheet as at 30 November 2023

2023
£

2022
£

Fixed assets

Investment property

98,000

95,000

Current assets

Debtors

69

64

Cash at bank and in hand

53

6,324

122

6,388

Creditors: Amounts falling due within one year

(10,786)

(29,411)

Net current liabilities

(10,664)

(23,023)

Total assets less current liabilities

87,336

71,977

Creditors: Amounts falling due after more than one year

(71,881)

(47,259)

Provisions for liabilities

(7,814)

(7,064)

Net assets

7,641

17,654

Capital and reserves

Called up share capital

2

2

Revaluation reserve

23,443

21,193

Profit and loss account

(15,804)

(3,541)

Total equity

7,641

17,654

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

Coole Housing Limited

(Registration number: 11663515)

Balance Sheet as at 30 November 2023

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 6 October 2024 and signed on its behalf by:
 

.........................................

Mr Andrew Coole
Director

 

Coole Housing Limited

Statement of Changes in Equity for the Year Ended 30 November 2023

Share capital
£

Revaluation reserve
£

Profit and loss account
£

Total
£

At 1 December 2022

2

21,193

(3,541)

17,654

Loss for the year

-

-

(12,263)

(12,263)

Revaluation net of deferred tax provision

-

2,250

-

2,250

Total comprehensive income

-

2,250

(12,263)

(10,013)

At 30 November 2023

2

23,443

(15,804)

7,641


 

 

Coole Housing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

Accounting policies

Coole Housing Limited is a private company, limited by shares, domiciled in England and Wales, company number 11663515. The registered office is at 4 Station Road, Royston, Barnsley, S71 4EW.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Turnover represents amounts receivable in respect of rental income from investment properties.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in statement of income and retained earnings, except that a change attributable to an item of income or recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in the statement of income and retained earnings account.

 

Coole Housing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

3

Investment properties

2023
£

At 1 December

95,000

Fair value adjustments

3,000

At 30 November

98,000

The company's investment property was revalued in the year ended 30 November 2023 by the directors. The value of the property is subject to a review by the company's directors on an annual basis. The directors consider the valuation at the balance sheet date represents the fair value.

The historical cost at 30 November 2023 of investment property was £66,743.

4

Debtors

2023
£

2022
£

Prepayments

69

64

69

64

 

Coole Housing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

660

420

Related undertakings

9,193

19,193

Director's current account

933

9,798

10,786

29,411

Creditors: amounts falling due after more than one year

2023
£

2022
£

Due after one year

Bank loan

71,881

47,259

The bank loan is secured against the company's property.

2023
£

2022
£

Due after more than five years

After more than five years not by instalments

71,881

47,259