Coretek Properties Limited - Accounts to registrar (filleted) - small 17.3

Coretek Properties Limited - Accounts to registrar (filleted) - small 17.3


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REGISTERED NUMBER: 10246424 (England and Wales)















Unaudited Financial Statements

for the Period 22 June 2016 to 30 June 2017

for

Coretek Properties Limited

Coretek Properties Limited (Registered number: 10246424)






Contents of the Financial Statements
for the Period 22 June 2016 to 30 June 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Coretek Properties Limited

Company Information
for the Period 22 June 2016 to 30 June 2017







DIRECTORS: M Y Din
Mrs V C Din





REGISTERED OFFICE: 17 Appleton Court
Calder Park
Wakefield
West Yorkshire
WF2 7AR





REGISTERED NUMBER: 10246424 (England and Wales)





ACCOUNTANTS: Equate Limited
Chartered Certified Accountants
17 Appleton Court
Calder Park
Wakefield
West Yorkshire
WF2 7AR

Coretek Properties Limited (Registered number: 10246424)

Balance Sheet
30 June 2017

Notes £    £   
FIXED ASSETS
Investment property 3 495,000

CURRENT ASSETS
Debtors 4 1,000
Cash at bank 20,725
21,725
CREDITORS
Amounts falling due within one year 5 166,069
NET CURRENT LIABILITIES (144,344 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

350,656

CREDITORS
Amounts falling due after more than
one year

6

(302,449

)

PROVISIONS FOR LIABILITIES (9,756 )
NET ASSETS 38,451

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 38,351
38,451

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 22 November 2017 and were signed
on its behalf by:




M Y Din - Director


Coretek Properties Limited (Registered number: 10246424)

Notes to the Financial Statements
for the Period 22 June 2016 to 30 June 2017

1. STATUTORY INFORMATION

Coretek Properties 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising
from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income
Statement, 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 period 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. INVESTMENT PROPERTY

At the year end date the director's using their experience of the local property market revalued the
properties held by the company.

Fair value at 30 June 2017 is represented by:

£   
Valuation in 2017 495,000

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 1,000

Coretek Properties Limited (Registered number: 10246424)

Notes to the Financial Statements - continued
for the Period 22 June 2016 to 30 June 2017

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 2,957
Trade creditors 2
Amounts owed to group undertakings 159,550
Other creditors 3,560
166,069

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 302,449

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 85,759

Repayable by instalments
Bank loans more 5 yr by instal 202,040

7. RELATED PARTY DISCLOSURES

During the year one of the investment properties was acquired from a director (Mrs V C Din) for
£70,000. This was acquired at a commercial rate.

Also during the year loans were advance by Coretek Consulting Limited totalling £160,000, with
repayments made against this of £450, leaving a balance owing to Coretek Consulting Limited of
£159,550. Coretek Consulting Limited is under the common control of Mr M Y Din and Mrs V C Din.
This loan is non interest bearing and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The company is under the joint control of it's directors.