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COMPANY REGISTRATION NUMBER: 14848693
Coben Developments Ltd
Filleted Unaudited Financial Statements
31 May 2024
Coben Developments Ltd
Statement of Financial Position
31 May 2024
2024
Note
£
£
Current assets
Debtors
5
19,971
Cash at bank and in hand
172,311
---------
192,282
Creditors: amounts falling due within one year
6
191,893
---------
Net current assets
389
----
Total assets less current liabilities
389
----
Net assets
389
----
Capital and reserves
Called up share capital
1
Profit and loss account
388
----
Shareholders funds
389
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 27 January 2025 , and are signed on behalf of the board by:
J J Coelen
S Benton
Director
Director
Company registration number: 14848693
Coben Developments Ltd
Notes to the Financial Statements
Period ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/O The Accounting Centre, First Floor, 736, High Road, London, England, N12 9QD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Deferred income
Deferred income represents amounts received in advance for services to be provided in the future and is recognised as income when earned.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2 .
5. Debtors
2024
£
Other debtors
19,971
--------
6. Creditors: amounts falling due within one year
2024
£
Trade creditors
4,540
Accruals and deferred income
176,200
Corporation tax
133
Social security and other taxes
6,552
Other creditors
4,468
---------
191,893
---------
7. Directors' advances, credits and guarantees
The directors owed to the company £1 and this has been repaid within 9 months.
8. Controlling party
The company has been under the control of its directors throughout the period.