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REGISTERED NUMBER: 08656170 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

COBURG HOMES LTD

COBURG HOMES LTD (REGISTERED NUMBER: 08656170)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COBURG HOMES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: R L Dane
Mrs D M Dane





SECRETARY: Mrs D M Dane





REGISTERED OFFICE: 36 Watermeadows
Worksop
Nottinghamshire
S80 3DF





REGISTERED NUMBER: 08656170 (England and Wales)





ACCOUNTANTS: A Wigglesworth and Company Ltd
Chartered Accountants
Armstrong House
First Avenue
Finningley
Doncaster
South Yorkshire
DN9 3GA

COBURG HOMES LTD (REGISTERED NUMBER: 08656170)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 730,038 715,478

CURRENT ASSETS
Debtors 5 711 326
Cash at bank 3,269 11,426
3,980 11,752
CREDITORS
Amounts falling due within one year 6 326,275 614,845
NET CURRENT LIABILITIES (322,295 ) (603,093 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

407,743

112,385

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 407,641 112,283
SHAREHOLDERS' FUNDS 407,743 112,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

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.

COBURG HOMES LTD (REGISTERED NUMBER: 08656170)

BALANCE SHEET - continued
29 FEBRUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2024 and were signed on its behalf by:





Mrs D M Dane - Director


COBURG HOMES LTD (REGISTERED NUMBER: 08656170)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Coburg Homes Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements have been prepared on the going concern basis on the understanding that the directors will continue to provide financial support to the company for the foreseeable future.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

The directors consider that the company's freehold properties are Investment Properties as defined in section 16 under FRS 102.

Freehold properties are stated at valuations which the directors consider are not materially different from their cost. Impairment losses arising where the current market value of of these properties is lower than original historical cost are to be charged to profit and loss account.

No provision has been made for any depreciation on these assets. Although this is a departure from the accounting requirements of the Companies Act 2006, which required such properties to be depreciated, the directors consider that departure in this regard is justified on the grounds of compliance with the overriding requirement of section 396(2) of the Companies Act 2006 for the financial statements to show a true and fair view.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

COBURG HOMES LTD (REGISTERED NUMBER: 08656170)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Freehold Motor
property vehicles Totals
£    £    £   
COST
At 1 March 2023 715,478 - 715,478
Additions - 14,560 14,560
At 29 February 2024 715,478 14,560 730,038
NET BOOK VALUE
At 29 February 2024 715,478 14,560 730,038
At 28 February 2023 715,478 - 715,478

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 711 326

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to associates - 177,997
Tax - 5,003
Other creditors 157,408 157,408
Directors' loan accounts 166,347 249,692
Accrued expenses 2,520 24,745
326,275 614,845