Collerino Developments Ltd Filleted accounts for Companies House (small and micro)
Collerino Developments Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
12035901
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Statement of Financial Position |
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30 Jun 20 |
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Note |
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£ |
Current assets
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Stocks |
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Creditors: amounts falling due within one year |
5 |
(
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--------- |
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Net current liabilities |
(
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------- |
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Total assets less current liabilities |
(
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------- |
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Net liabilities |
(
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------- |
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Capital and reserves
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Called up share capital |
6 |
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Profit and loss account |
(
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------- |
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Shareholders deficit |
(
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In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
7 May 2021
, and are signed on behalf of the board by:
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Director |
Director |
Company registration number:
12035901
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Notes to the Financial Statements |
Period from 6 June 2019 to 30 June 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Bruce Grove, London, N17 6RA.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Going concern
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities. The only accounting estimate made by management is the valuation of stocks, which has been measured at the lower of cost and estimated selling price less costs to complete and sell.
Stocks
Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
4.
Employee numbers
The average number of persons employed by the company during the period was Nil.
5.
Creditors:
amounts falling due within one year
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30 Jun 20 |
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£ |
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Accruals and deferred income |
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Director loan accounts |
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Other creditors |
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6.
Called up share capital
Issued, called up and fully paid
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30 Jun 20 |
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No. |
£ |
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1 |
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During the period, the company issued 1 ordinary share at par value.
7.
Related party transactions
Included in creditors due within one year is a loan of £79,335 from a director who is also a shareholder of the company. The loan is interest-free and has no fixed repayment term.