Registered number
09407718
SOUTH COAST LAND, PLANNING AND DEVELOPMENT LTD
Filleted Abridged Accounts
31 January 2024
SOUTH COAST LAND, PLANNING AND DEVELOPMENT LTD
Registered number: 09407718
Abridged Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 73,939 90,720
Current assets
Debtors 4 198,239 185,505
Investments held as current assets 5 40,000 -
Cash at bank and in hand 384,530 768,406
622,769 953,911
Creditors: amounts falling due within one year (4,399) (159,906)
Net current assets 618,370 794,005
Total assets less current liabilities 692,309 884,725
Provisions for liabilities (14,048) (17,237)
Net assets 678,261 867,488
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 677,261 866,488
Shareholder's funds 678,261 867,488
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
Jay Coleman
Director
Approved by the board on 30 January 2025
SOUTH COAST LAND, PLANNING AND DEVELOPMENT LTD
Notes to the Abridged Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% Reducing Balance
Vehicles 25% Reducing Balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Total
£
Cost
At 1 February 2023 127,606
Additions 7,006
At 31 January 2024 134,612
Depreciation
At 1 February 2023 36,886
Charge for the year 23,787
At 31 January 2024 60,673
Net book value
At 31 January 2024 73,939
At 31 January 2023 90,720
4 Debtors 2024 2023
£ £
Amounts due after more than one year included in debtors 101,545 101,505
5 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments 40,000 -
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Jay Coleman 10,000 - 10,000
- 10,000 - 10,000
7 Guarantees made by the company on behalf of directors
Main terms Maximum Amount paid
liability and incurred
£ £
- -
8 Issued Share Capital 2024 2023
£ £
Allotted, Issued and Paid Share Capital 1,000 1,000
1,000 1,000
9 Related party transactions
The company has lent money to the Directors sister with interest charged at 4%, the balance of the loan at year end was £22,625
10 Controlling party
The Company is controlled by Jay Coleman.
11 Other information
SOUTH COAST LAND, PLANNING AND DEVELOPMENT LTD is a private company limited by shares and incorporated in England. Its registered office is:
Oaklea School Lane
Astley Abbotts
Bridgnorth
Shropshire
WV16 4SW
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