Registered number
10199275
COLEMAN REAL ESTATE LIMITED
Filleted Accounts
31 May 2024
COLEMAN REAL ESTATE LIMITED
Registered number: 10199275
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 73,334 73,334
Current assets
Cash at bank and in hand 30,813 32,672
Creditors: amounts falling due within one year 4 (49,859) (53,283)
Net current liabilities (19,046) (20,611)
Total assets less current liabilities 54,288 52,723
Creditors: amounts falling due after more than one year 5 (52,512) (52,524)
Net assets 1,776 199
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,775 198
Shareholder's funds 1,776 199
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.
Mr J J Coleman
Director
Approved by the board on 6 February 2025
COLEMAN REAL ESTATE LIMITED
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The 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 represents rents receivable.
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
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
The company did not operate a pension scheme during the year.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Other
investments
£
Cost
At 1 June 2023 73,334
At 31 May 2024 73,334
Historical cost
At 1 June 2023 73,334
At 31 May 2024 73,334
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors and accruals 1,926 1,944
Corporation tax 1,412 1,412
Other creditors - director's loan account 46,521 49,927
49,859 53,283
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 52,512 52,524
6 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 52,512 52,524
Secured bank loans 52,512 52,524
Loans are secured on the fixed asset investments.
7 Events after the reporting date
There were no events after the reporting date which would affect the user's understanding of these accounts.
8 Contingent liabilities
There were no contingent liabilities in existence at the year end.
9 Controlling party
The director, Mr J J Coleman, owns 100% of the issued ordinary share capital of the company.
10 Other information
COLEMAN REAL ESTATE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
24 Oswald Road
Chorlton Cum Hardy
Manchester
M21 9LP
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