Registration number:
C B Collier NK Limited
for the
Year Ended 29 February 2024
C B Collier NK Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
C B Collier NK Limited
Company Information
Directors |
Mr C B Collier Mrs Kate Osborne |
Company secretary |
Venture Nominees (2) Limited |
Registered office |
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Accountants |
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C B Collier NK Limited
(Registration number: 10895054)
Balance Sheet as at 29 February 2024
Note |
2024 |
2023 |
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Current assets |
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Stocks |
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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 |
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Net assets |
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Capital and reserves |
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Called up share capital |
1,000 |
1,000 |
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Shareholders' funds |
1,000 |
1,000 |
For the financial year ending 29 February 2024 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
C B Collier NK Limited
(Registration number: 10895054)
Balance Sheet as at 29 February 2024
(continued)
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C B Collier NK Limited
Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
England
These financial statements were authorised for issue by the
Accounting policies |
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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
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.
C B Collier NK Limited
Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
(continued)
2 |
Accounting policies (continued) |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
Taxation represents the sum of tax currently payable and deferred tax.
The company's liability for current tax is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantially enacted by the end of the reporting period.
Stocks
Work in progress is the value of the costs incurred developing brown field sites. This is calculated as cost of sales plus 10%, which represents the added value as a result of market conditions.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
C B Collier NK Limited
Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
(continued)
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Stocks |
2024 |
2023 |
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Work in progress |
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Debtors |
Current |
2024 |
2023 |
Prepayments |
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Other debtors |
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C B Collier NK Limited
Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024
(continued)
Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
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Due within one year |
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Trade creditors |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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1,000 |
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1,000 |
Loans and borrowings |
Other borrowings
The carrying amount of third party loans at year end is £12,672,029 (2023 - £11,270,358). The third party loan is from Atlas Trust Company Limited as Trustees of The Codex Trust, Codex Capital Investments Limited and Brett Palos Capital Limited. It totals £12,672,029 and is secured by a charge over all the assets of the company. The loan has interest being charged at 7%/12% and is repayable on demand. |