Coral Homes Collegeland Ltd - Filleted accounts

Registered number

NI661003

Coral Homes Collegeland Ltd

Filleted Accounts

31 March 2025

Coral Homes Collegeland Ltd
Registered number:		NI661003
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		24,240			-

Current assets
Stocks		289,382			289,382
Debtors	4	20			20
Cash at bank and in hand		361			4,186
		289,763			293,588

Creditors: amounts falling due within one year	5	(312,615)			(250,944)

Net current liabilities			(22,852)			42,644

Total assets less current liabilities			1,388			42,644

Creditors: amounts falling due after more than one year	6		(48,456)			(81,634)

Provisions for liabilities			(1,233)			-


Net liabilities			(48,301)			(38,990)

Capital and reserves
Called up share capital			20			20
Profit and loss account			(48,321)			(39,010)

Shareholder's funds			(48,301)			(38,990)

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 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.




Anthony Kelly
Director
Approved by the board on 3 December 2025

Coral Homes Collegeland Ltd
Notes to the Accounts
for the year ended 31 March 2025


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 received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			0		0


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	Additions	4,990		19,250		24,240
	At 31 March 2025	4,990		19,250		24,240

	Depreciation
	At 31 March 2025	-		-		-

	Net book value
	At 31 March 2025	4,990		19,250		24,240


4	Debtors			2025		2024
£					£

	Other debtors			20		20


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			31,205		29,773
	Trade creditors			23		24
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			286,235		221,147
	Taxation and social security costs			(4,848)		-
				312,615		250,944


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			48,456		81,634


7	Loans			2025		2024
£					£
	Creditors include:

	Secured bank loans			79,661		111,407

	Bank loans are secured on the company assets.


8	Other information

	Coral Homes Collegeland Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
	35b Syerla Road
	Dungannon
	County Tyrone
	BT71 7EP