REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 October 2023 |
for |
COEL Commercial Investments Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 October 2023 |
for |
COEL Commercial Investments Ltd |
COEL Commercial Investments Ltd (Registered number: 11846785) |
Contents of the Financial Statements |
for the Year Ended 31 October 2023 |
Page |
Balance Sheet | 1 |
COEL Commercial Investments Ltd (Registered number: 11846785) |
Balance Sheet |
31 October 2023 |
2023 | 2022 |
£ | £ | £ | £ |
FIXED ASSETS |
CURRENT ASSETS |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
NOTES TO THE FINANCIAL STATEMENTS |
1. | STATUTORY INFORMATION |
COEL Commercial Investments Ltd is a |
Registered number: |
Registered office: |
2. | AVERAGE NUMBER OF EMPLOYEES |
The average number of employees during the year was NIL (2022 - NIL). |
3. | PRIOR YEAR ADJUSTMENTS |
The accounts show a gain on the disposal of a freehold property. Prior period accounts had not recorded the initial property addition. The property was acquired through transfer of ownership from a related party, CMS (Cambridge) Ltd, which was transferred on 25 February 2021. The omission of the property transfer has been identified within the current year due to the disposal. As a result of this, the assets have been understated in previous years. |
This is considered to be a material error requiring presentation as a prior period adjustment. As a result, the freehold property balance bought forward has been increased by £290,000. The difference has been adjusted as an increase to retained earnings brought forward as the debt arising on the aquisition from the related party has been waived. |
COEL Commercial Investments Ltd (Registered number: 11846785) |
Balance Sheet - continued |
31 October 2023 |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |