Coral Europe Limited - Accounts to registrar (filleted) - small 18.2

Coral Europe Limited - Accounts to registrar (filleted) - small 18.2

CORAL EUROPE LTD - Company Information

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Unaudited Financial Statements

for the Year Ended 31 January 2019

for

Coral Europe Limited
Coral Europe Limited (Registered number: 07121085)






Contents of the Financial Statements
for the Year Ended 31 January 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Coral Europe Limited

Company Information
for the Year Ended 31 January 2019







DIRECTORS: J Baena
J A Pedro





REGISTERED OFFICE: 22 Amner Road
London
SW11 6AA





REGISTERED NUMBER: 07121085 (England and Wales)





ACCOUNTANTS: Williams & Co
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF
Page 1
Coral Europe Limited (Registered number: 07121085)

Balance Sheet
31 January 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Investments 4 42,668 42,668

CURRENT ASSETS
Debtors 5 100 100
Cash at bank 12,507 21,331
12,607 21,431
CREDITORS
Amounts falling due within one year 6 145,018 145,018
NET CURRENT LIABILITIES (132,411 ) (123,587 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(89,743
)
(80,919
)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (89,843 ) (81,019 )
SHAREHOLDERS' FUNDS (89,743 ) (80,919 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 30 September 2019 and were signed on
its behalf by:





J A Pedro - Director


The notes form part of these financial statements

Page 2
Coral Europe Limited (Registered number: 07121085)

Notes to the Financial Statements
for the Year Ended 31 January 2019

1. STATUTORY INFORMATION

Coral Europe Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information
page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of
Income and Retained Earnings, except to the extent that it relates to items recognised in other
comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 February 2018
and 31 January 2019 41,720 948 42,668
NET BOOK VALUE
At 31 January 2019 41,720 948 42,668
At 31 January 2018 41,720 948 42,668

Page 3 continued...
Coral Europe Limited (Registered number: 07121085)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2019

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other debtors 100 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other creditors 59,528 59,528
Due to group companies 85,490 85,490
145,018 145,018

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
100 Ordinary shares £1 100 100

Page 4