Registration number:
Coole Housing Limited
for the Year Ended 30 November 2023
Coole Housing Limited
(Registration number: 11663515)
Balance Sheet as at 30 November 2023
2023 |
2022 |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
Net current liabilities |
( |
( |
Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
Provisions for liabilities |
( |
( |
Net assets |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Profit and loss account |
( |
( |
Total equity |
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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:
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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
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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 |
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At 1 December 2022 |
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|
( |
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Loss for the year |
- |
- |
( |
( |
Revaluation net of deferred tax provision |
- |
2,250 |
- |
2,250 |
Total comprehensive income |
- |
|
( |
( |
At 30 November 2023 |
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( |
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Coole Housing Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023
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
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
Coole Housing Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023
Financial instruments
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investment properties |
2023 |
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At 1 December |
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Fair value adjustments |
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At 30 November |
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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.
Debtors |
2023 |
2022 |
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Prepayments |
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Coole Housing Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Due within one year |
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Accruals and deferred income |
660 |
420 |
Related undertakings |
9,193 |
19,193 |
Director's current account |
933 |
9,798 |
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Creditors: amounts falling due after more than one year
2023 |
2022 |
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Due after one year |
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Bank loan |
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The bank loan is secured against the company's property.
2023 |
2022 |
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Due after more than five years |
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After more than five years not by instalments |
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