2023-08-012024-07-312024-07-31false12727851COAST PROPERTY GROUP 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COAST PROPERTY GROUP LIMITED

Registered Number
12727851
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

COAST PROPERTY GROUP LIMITED
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

BRAGG, Michael Edward
KORNEEVA, Svetlana

Registered Address

1 Widcombe Street
Poundbury
Dorchester
DT1 3BS

Registered Number

12727851 (England and Wales)
COAST PROPERTY GROUP LIMITED
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3127,694141,882
127,694141,882
Current assets
Debtors422
Cash at bank and on hand2,4896,040
2,4916,042
Creditors amounts falling due within one year5(97,141)(59,137)
Net current assets (liabilities)(94,650)(53,095)
Total assets less current liabilities33,04488,787
Creditors amounts falling due after one year6(110,203)(113,518)
Net assets(77,159)(24,731)
Capital and reserves
Called up share capital22
Profit and loss account(77,161)(24,733)
Shareholders' funds(77,159)(24,731)
The financial statements were approved and authorised for issue by the Board of Directors on 29 April 2025, and are signed on its behalf by:
BRAGG, Michael Edward
Director
KORNEEVA, Svetlana
Director

Registered Company No. 12727851
COAST PROPERTY GROUP LIMITED
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Land and buildings10
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 August 23174,709174,709
At 31 July 24174,709174,709
Depreciation and impairment
At 01 August 2332,82732,827
Charge for year14,18814,188
At 31 July 2447,01547,015
Net book value
At 31 July 24127,694127,694
At 31 July 23141,882141,882
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables22
Total22
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables94,80055,000
Bank borrowings and overdrafts2,3412,341
Taxation and social security-1,796
Total97,14159,137
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts110,203113,518
Total110,203113,518