Registration number: 11663515

Coole Housing Limited

(Registration number: 11663515)

Balance Sheet as at 30 November 2024

	Note	2024 £	2023 £
Fixed assets
Investment property	3	100,000	98,000
Current assets
Debtors	4	75	69
Cash at bank and in hand		1,466	53
		1,541	122
Creditors: Amounts falling due within one year	5	(10,819)	(10,786)
Net current liabilities		(9,278)	(10,664)
Total assets less current liabilities		90,722	87,336
Creditors: Amounts falling due after more than one year	5	(71,881)	(71,881)
Provisions for liabilities		(8,314)	(7,814)
Net assets		10,527	7,641
Capital and reserves
Called up share capital		2	2
Revaluation reserve		24,943	23,443
Retained earnings		(14,418)	(15,804)
Shareholders' funds		10,527	7,641

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised by the Board on 18 November 2025 and signed on its behalf by:
 

......................................... Mr Andrew Coole Director

Coole Housing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1	Accounting policies

Statutory information

Coole Housing Limited is a private company, limited by shares, domiciled in England and Wales, company number 11663515. The registered office is at 4 Station Road, Royston, Barnsley, S71 4EW.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents amounts receivable in respect of rental income from investment properties.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in statement of income and retained earnings, except that a change attributable to an item of income or recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Coole Housing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

1	Accounting policies (continued)

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in the statement of income and retained earnings.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of income and retained earnings.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

3	Investment properties

	2024 £
At 1 December	98,000
Fair value adjustments	2,000
At 30 November	100,000

The company's investment property was revalued in the year ended 30 November 2024 by the directors. The value of the property is subject to a review by the company's directors on an annual basis. The directors consider the valuation at the balance sheet date represents the fair value.

The historical cost at 30 November 2024 of investment property was £66,743.

4

Debtors

Current	2024 £	2023 £
Prepayments	75	69
	75	69

Coole Housing Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

5

Creditors

	2024 £	2023 £
Accruals and deferred income	693	660
Connected company loans	9,193	9,193
Director's current account	933	933
	10,819	10,786

	2024 £	2023 £
Due after one year
Bank loan	71,881	71,881

The bank loan is secured against the company's property.

	2024 £	2023 £
Due after more than five years
After more than five years not by instalments	71,881	71,881