Coltham Properties Limited Filleted accounts for Companies House (small and micro)

COLTHAM PROPERTIES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 05881294

Coltham Properties Limited

Filleted Unaudited Financial Statements

30 November 2017

Coltham Properties Limited

Statement of Financial Position

30 November 2017

	2017	2016
Note	£	£

Current assets

Debtors	4	1,261,713	1,308,966
Cash at bank and in hand		3,569	3,024
		------------	------------
		1,265,282	1,311,990

Creditors: amounts falling due within one year	5	1,390,035	1,393,621
		------------	------------
Net current liabilities		124,753	81,631
		---------	---------
Total assets less current liabilities		( 124,753)	( 81,631)
		---------	---------
Net liabilities		( 124,753)	( 81,631)
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 124,853)	( 81,731)
	---------	---------
Shareholders deficit	( 124,753)	( 81,631)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 November 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 9 August 2018 , and are signed on behalf of the board by:

Mr M W Hargreaves
Director

Company registration number: 05881294

Coltham Properties Limited

Notes to the Financial Statements

Year ended 30 November 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 Waterloo Road, Wolverhampton, West Midlands, WV1 4DJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

Basis of preparation - going concern The principal asset of the company is a debtor due from a connected company and recovery of this debtor is dependent on realisation of an investment held by the connected company. The directors believe that a sufficient amount of the debtor will be recovered to enable the company to meet its liabilities as they fall due. The financial statements do not include the adjustments that would result if the company were unable to continue as a going concern.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 December 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Debtors

	2017	2016
	£	£
Other debtors	1,261,713	1,308,966
	------------	------------

5. Creditors: amounts falling due within one year

	2017	2016
	£	£
Trade creditors	948,788	950,590
Social security and other taxes	–	284
Amounts owed to related companies	15,807	15,807
Other creditors	425,440	426,940
	------------	------------
	1,390,035	1,393,621
	------------	------------

6. Related party transactions

Coltham Developments Limited is a company in which the director has a material interest. At the year end, the amount due from Coltham Developments Limited was £ 1,123,175 (2016 £ 1,170,866 ). Coltham (Orchard) Limited is also a company in which the director has a material interest. At the year end, the amount due to Coltham (Orchard) Limited was £ 15,807 (2016 £ 15,807 ).

7. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 December 2015.

No transitional adjustments were required in equity or profit or loss for the year.