Registered number
13549756
Coach-House Property Limited
Filleted Accounts
31 August 2024
Coach-House Property Limited
Registered number: 13549756
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 162,858 93,474
Current assets
Cash at bank and in hand 72,942 72,429
Creditors: amounts falling due within one year 4 (68,458) (1,311)
Net current assets 4,484 71,118
Total assets less current liabilities 167,342 164,592
Creditors: amounts falling due after more than one year 5 (164,651) (164,319)
Net assets 2,691 273
Capital and reserves
Called up share capital 1 1
Profit and loss account 2,690 272
Shareholders' funds 2,691 273
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 members have 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 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 R Wilson
Director
Approved by the board on 27 May 2025
Coach-House Property Limited
Notes to the Accounts
for the year ended 31 August 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).
Investment properties
Investment properties are measured at fair value and are not depreciated. Changes in fair value are recognised in the profit and loss account as undistributable reserves. Fair value is assessed by the director at each balance sheet date. Revaluation surpluses or deficits are adjusted for tax purposes.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Investment properties
£
Cost
At 1 September 2023 93,474
Additions 69,384
At 31 August 2024 162,858
Depreciation
At 31 August 2024 -
Net book value
At 31 August 2024 162,858
At 31 August 2023 93,474
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 72 -
Taxation and social security costs 631 64
Other creditors 67,755 1,247
68,458 1,311
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loan 66,561 66,229
Amounts owed to an associated company 98,090 98,090
164,651 164,319
6 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 64,702 64,702
Secured bank loans 64,702 64,702
Bank loan is secured on the company's investment property.
7 Other information
Coach-House Property Limited is a private company limited by shares and incorporated in Wales. Its registered office is:
174a Whitchurch Road
Gabalfa
Cardiff
South Wales
CF14 3NB
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