Registered number
07611576
Year end:
31 March 2024
COULSTON ESTATES LIMITED
UNAUDITED FILLETED ACCOUNTS
FOR THE YEAR
ENDED 31 MARCH 2024
COULSTON ESTATES LIMITED
Registered number: 07611576
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
CURRENT ASSETS
Development property 101,574 3,873,963
Debtors 3 57,391 400,658
Cash at bank and in hand 9,455,984 2,085
9,614,949 4,276,706
CREDITORS: amounts falling due within one year 4 (5,949,436) (5,852,638)
NET CURRENT ASSETS/(LIABILITIES) 3,665,513 (1,575,932)
NET ASSETS/(LIABILITIES) £3,665,513 £(1,575,932)
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 3,665,413 (1,576,032)
SHAREHOLDER'S FUNDS £3,665,513 £(1,575,932)
The directors are 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 directors acknowledge their 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 in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account is not delivered to Companies House.
Mrs E A Terry
Director
Approved by the board on 10 March 2025
COULSTON ESTATES LIMITED
Notes to the Accounts
for the year ended 31 March 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 is measured at the fair value of the consideration receivable, net of discounts and value added taxes. Turnover from the sale of any goods is recognised when goods are delivered and legal title has passed.
Development property
Development property costs and attributable direct costs are charged to cost of sales when such property has been sold. Development property costs where development is in progress are included in the balance sheet at cost after the provision for any foreseen losses.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on a non-discounted basis at the tax rates which are expected to apply in the periods when the timing differences are expected to reverse.
2 EMPLOYEES 2024 2023
Number Number
Average number of persons employed by the company
(excluding directors with no specific service contract) - -
3 DEBTORS 2024 2023
£ £
Deferred tax asset - 388,635
Other debtors 57,391 12,023
£ 57,391 £ 400,658
COULSTON ESTATES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
4 CREDITORS: amounts falling due within one year 2024 2023
£ £
Trade creditors 115,635 -
Corporation tax 1,194,910 -
Other taxes and social security costs 2,617,516 12,499
Other creditors 2,021,375 5,840,139
£5,949,436 £5,852,638
5 CONTROLLING PARTY
The company is controlled by Mrs E A Terry by virtue of her holding 100% of the issued share capital.
6 OTHER INFORMATION
Coulston Estates Limited is a private company limited by shares and incorporated in England. Its registered office is:
Titsey Estate Office
Pilgrims Lane
Oxted
Surrey
RH8 0SE
The accounts are for the individual company and are presented in Sterling which is the functional currency of the company.
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