Silverfin false false 31/05/2024 01/06/2023 31/05/2024 Mr W R Dyer 18/01/2001 Mrs P A Dyer 27 November 2024 The principal activity of the Company during the financial year was developing property for resale. 04143475 2024-05-31 04143475 bus:Director1 2024-05-31 04143475 2023-05-31 04143475 core:CurrentFinancialInstruments 2024-05-31 04143475 core:CurrentFinancialInstruments 2023-05-31 04143475 core:ShareCapital 2024-05-31 04143475 core:ShareCapital 2023-05-31 04143475 core:RetainedEarningsAccumulatedLosses 2024-05-31 04143475 core:RetainedEarningsAccumulatedLosses 2023-05-31 04143475 core:Vehicles 2023-05-31 04143475 core:ComputerEquipment 2023-05-31 04143475 core:Vehicles 2024-05-31 04143475 core:ComputerEquipment 2024-05-31 04143475 bus:OrdinaryShareClass1 2024-05-31 04143475 2023-06-01 2024-05-31 04143475 bus:FilletedAccounts 2023-06-01 2024-05-31 04143475 bus:SmallEntities 2023-06-01 2024-05-31 04143475 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 04143475 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04143475 bus:Director1 2023-06-01 2024-05-31 04143475 bus:CompanySecretary1 2023-06-01 2024-05-31 04143475 core:Vehicles 2023-06-01 2024-05-31 04143475 core:ComputerEquipment core:TopRangeValue 2023-06-01 2024-05-31 04143475 2022-06-01 2023-05-31 04143475 core:ComputerEquipment 2023-06-01 2024-05-31 04143475 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 04143475 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04143475 (England and Wales)

COBH DEVELOPMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

COBH DEVELOPMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

COBH DEVELOPMENTS LIMITED

BALANCE SHEET

As at 31 May 2024
COBH DEVELOPMENTS LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 244 326
244 326
Current assets
Stocks 652,135 652,135
Debtors 4 37,344 37,597
Cash at bank and in hand 75,354 96,998
764,833 786,730
Creditors: amounts falling due within one year 5 ( 80,324) ( 80,367)
Net current assets 684,509 706,363
Total assets less current liabilities 684,753 706,689
Net assets 684,753 706,689
Capital and reserves
Called-up share capital 6 2 2
Profit and loss account 684,751 706,687
Total shareholders' funds 684,753 706,689

For the financial year ending 31 May 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 Cobh Developments Limited (registered number: 04143475) were approved and authorised for issue by the Director on 27 November 2024. They were signed on its behalf by:

Mr W R Dyer
Director
COBH DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
COBH DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 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

Cobh Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items 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 £.

Turnover

Turnover in the profit and loss represents property sales during the year.

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.

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 and freehold land, 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:

Vehicles 25 % reducing balance
Computer equipment 3 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.

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 receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Work in progress

Work in progress is valued at the lower of cost and net realisable value after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Costs include all direct costs and an appropriate proportion of fixed and variable overheads.

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

Vehicles Computer equipment Total
£ £ £
Cost
At 01 June 2023 1,953 449 2,402
At 31 May 2024 1,953 449 2,402
Accumulated depreciation
At 01 June 2023 1,627 449 2,076
Charge for the financial year 82 0 82
At 31 May 2024 1,709 449 2,158
Net book value
At 31 May 2024 244 0 244
At 31 May 2023 326 0 326

4. Debtors

2024 2023
£ £
Amounts owed by director 37,094 37,347
Other debtors 250 250
37,344 37,597

5. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals and deferred income 5,731 5,510
Taxation and social security 11,535 11,799
Other creditors 63,058 63,058
80,324 80,367

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

7. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Director 37,094 37,347

Advances made to the director during the year ended 31 May 2024 totalled £68,956, of which £69,209 has been repaid during the year. As at 31 May 2024, the amount due to the company was £37,094.

Interest is charged on the loan at HMRC's official rate of interest, and the loan is repayable on demand.