Silverfin false false 30/04/2024 01/05/2023 30/04/2024 June Forsyth 27/02/2009 20 November 2024 The principal activity of the Company continued to be that property rental and management. SC322217 2024-04-30 SC322217 bus:Director1 2024-04-30 SC322217 2023-04-30 SC322217 core:CurrentFinancialInstruments 2024-04-30 SC322217 core:CurrentFinancialInstruments 2023-04-30 SC322217 core:ShareCapital 2024-04-30 SC322217 core:ShareCapital 2023-04-30 SC322217 core:RevaluationReserve 2024-04-30 SC322217 core:RevaluationReserve 2023-04-30 SC322217 core:RetainedEarningsAccumulatedLosses 2024-04-30 SC322217 core:RetainedEarningsAccumulatedLosses 2023-04-30 SC322217 core:OtherPropertyPlantEquipment 2023-04-30 SC322217 core:OtherPropertyPlantEquipment 2024-04-30 SC322217 2022-04-30 SC322217 bus:OrdinaryShareClass1 2024-04-30 SC322217 2023-05-01 2024-04-30 SC322217 bus:FilletedAccounts 2023-05-01 2024-04-30 SC322217 bus:SmallEntities 2023-05-01 2024-04-30 SC322217 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 SC322217 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC322217 bus:Director1 2023-05-01 2024-04-30 SC322217 core:OtherPropertyPlantEquipment core:BottomRangeValue 2023-05-01 2024-04-30 SC322217 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-05-01 2024-04-30 SC322217 2022-05-01 2023-04-30 SC322217 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 SC322217 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 SC322217 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC322217 (Scotland)

THE COACH HOUSE PROPERTY CO. LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH THE REGISTRAR

THE COACH HOUSE PROPERTY CO. LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024

Contents

THE COACH HOUSE PROPERTY CO. LTD

BALANCE SHEET

AS AT 30 APRIL 2024
THE COACH HOUSE PROPERTY CO. LTD

BALANCE SHEET (continued)

AS AT 30 APRIL 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 7,263 2,744
Investment property 4 850,000 1,000,000
857,263 1,002,744
Current assets
Debtors 5 52,960 25,984
Cash at bank and in hand 4,310 5,842
57,270 31,826
Creditors: amounts falling due within one year 6 ( 1,066,838) ( 1,080,933)
Net current liabilities (1,009,568) (1,049,107)
Total assets less current liabilities (152,305) (46,363)
Net liabilities ( 152,305) ( 46,363)
Capital and reserves
Called-up share capital 8 1 1
Revaluation reserve 0 ( 103,573 )
Profit and loss account ( 152,306 ) 57,209
Total shareholder's deficit ( 152,305) ( 46,363)

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of The Coach House Property Co. Ltd (registered number: SC322217) were approved and authorised for issue by the Director on 20 November 2024. They were signed on its behalf by:

June Forsyth
Director
THE COACH HOUSE PROPERTY CO. LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
THE COACH HOUSE PROPERTY CO. LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The Coach House Property Co. Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 6 Bon Accord Square, Aberdeen, AB11 6XU, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £152,305. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided to tenants in the normal course of business, and is shown net of VAT and other sales related taxes.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 - 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss account.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, with original maturities of three months or less.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors are recognised at transaction price. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 May 2023 37,154 37,154
Additions 6,107 6,107
At 30 April 2024 43,261 43,261
Accumulated depreciation
At 01 May 2023 34,410 34,410
Charge for the financial year 1,588 1,588
At 30 April 2024 35,998 35,998
Net book value
At 30 April 2024 7,263 7,263
At 30 April 2023 2,744 2,744

4. Investment property

Investment property
£
Valuation
As at 01 May 2023 1,000,000
Fair value movement (150,000)
As at 30 April 2024 850,000

Valuation

In the opinion of the director the above value represents the fair value at the balance sheet date.

5. Debtors

2024 2023
£ £
Deferred tax asset 52,960 25,984

6. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 2,947 3,982
Other creditors 1,063,891 1,076,951
1,066,838 1,080,933

7. Deferred tax

2024 2023
£ £
At the beginning of financial year 25,984 0
Credited to the Profit and Loss Account 26,976 25,984
At the end of financial year 52,960 25,984

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

9. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Amounts due to director 415,554 1,070,136

This above loan is interest free and has no specific repayment terms.

Other related party transactions

2024 2023
£ £
Amounts due to other related parties 641,481 0

This above loans are interest free and have no specific repayment terms.