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Audited Financial Statements for the Year Ended 31st March 2019 |
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The Coin Group Limited |
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REGISTERED NUMBER:
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Audited Financial Statements for the Year Ended 31st March 2019 |
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for |
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The Coin Group Limited |
The Coin Group Limited (Registered number: 03624767) |
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Contents of the Financial Statements |
for the Year Ended 31st March 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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The Coin Group Limited |
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Company Information |
for the Year Ended 31st March 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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SENIOR STATUTORY AUDITOR: |
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AUDITORS: |
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Windsor House |
Bayshill Road |
Cheltenham |
Gloucestershire |
GL50 3AT |
The Coin Group Limited (Registered number: 03624767) |
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Balance Sheet |
31st March 2019 |
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31.3.19 | 31.3.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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Investment property | 6 |
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CURRENT ASSETS |
Debtors | 7 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 9 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve | 10 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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The Coin Group Limited (Registered number: 03624767) |
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Notes to the Financial Statements |
for the Year Ended 31st March 2019 |
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1. | STATUTORY INFORMATION |
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The Coin Group Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Land and buildings | - |
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Plant and machinery etc | - |
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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. |
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Taxation |
Taxation for the year 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
The Coin Group Limited (Registered number: 03624767) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st March 2019 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Short | and | Computer |
property | leasehold | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1st April 2018 |
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Additions |
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At 31st March 2019 |
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DEPRECIATION |
At 1st April 2018 |
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Charge for year |
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At 31st March 2019 |
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NET BOOK VALUE |
At 31st March 2019 |
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At 31st March 2018 |
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Included in cost of land and buildings is freehold land of £ 4,235,000 (2018 - £ 4,235,000 ) which is not |
depreciated. |
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5. | FIXED ASSET INVESTMENTS |
Other |
investments |
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COST |
At 1st April 2018 |
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Disposals | ( |
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At 31st March 2019 |
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NET BOOK VALUE |
At 31st March 2019 |
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At 31st March 2018 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Registered office: Unit 1 Lancaster Court, Coronation Road, Cressex Business Park, High Wycombe, Buckinghamshire. HP12 3TD |
Nature of business:
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Class of shares: | holding |
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The Coin Group Limited (Registered number: 03624767) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st March 2019 |
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5. | FIXED ASSET INVESTMENTS - continued |
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Registered office: Unit 1 Lancaster Court, Coronation Road, Cressex Business Park, High Wycombe, Buckinghamshire. HP12 3TD |
Nature of business:
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Class of shares: | holding |
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Registered office: Unit 1 Lancaster Court, Coronation Road, Cressex Business Park, High Wycombe, Buckinghamshire. HP12 3TD |
Nature of business:
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Class of shares: | holding |
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Registered office: Unit 1 Lancaster Court, Coronation Road, Cressex Business Park, High Wycombe, Buckinghamshire. HP12 3TD |
Nature of business:
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Class of shares: | holding |
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6. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1st April 2018 |
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Additions |
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Disposals | ( |
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At 31st March 2019 |
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NET BOOK VALUE |
At 31st March 2019 |
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At 31st March 2018 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.19 | 31.3.18 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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The Coin Group Limited (Registered number: 03624767) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st March 2019 |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.19 | 31.3.18 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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9. | PROVISIONS FOR LIABILITIES |
31.3.19 | 31.3.18 |
£ | £ |
Deferred tax | 1,023,672 | 1,023,672 |
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Deferred |
tax |
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Balance at 1st April 2018 |
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Balance at 31st March 2019 |
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1. Provision for Liabilities has been created based on the requirement under FRS 102 Section 1A for small |
companies to provide for potential deferred tax on investment properties held by its direct subsidiary White Leaf |
Care Properties Limited. It should be noted that each of these properties are traded from and as such the |
properties will on consoildation change to freehold properties with the deferred tax provision being eliminated. |
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10. | RESERVES |
Revaluation |
reserve |
£ |
At 1st April 2018 |
and 31st March 2019 |
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11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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12. | RELATED PARTY DISCLOSURES |
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During the year the company transferred investment property, at book value of £ 280,000 to 44 West Wycombe |
Road Limited, registered in England under number 11379998, a company which is wholly owned by one of the |
directors. Following the year end, these investment properties have subsequently been transferred back to a |
group company at the same value. |
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13. | POST BALANCE SHEET EVENTS |
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Following the year end, the investment properties previously transferred to a company under the control of the |
director at book value were transferred back to a company known as 65 Priory Avenue Limited, Registered in |
England under number 11911287, which is an indirect subsidiary of the Coin Group Limited. |
The Coin Group Limited (Registered number: 03624767) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st March 2019 |
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14. | ULTIMATE CONTROLLING PARTY |
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The controlling party is E Bland. |