REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 13 JANUARY 2020 TO 31 JANUARY 2021 |
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LONG COPSE DEVELOPMENTS LTD |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 13 JANUARY 2020 TO 31 JANUARY 2021 |
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FOR |
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LONG COPSE DEVELOPMENTS LTD |
LONG COPSE DEVELOPMENTS LTD (REGISTERED NUMBER: 12399788) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 13 JANUARY 2020 TO 31 JANUARY 2021 |
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Page |
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Balance sheet | 1 |
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Notes to the financial statements | 2 |
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LONG COPSE DEVELOPMENTS LTD (REGISTERED NUMBER: 12399788) |
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BALANCE SHEET |
31 JANUARY 2021 |
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Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Investment property | 5 |
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Current assets |
Debtors | 6 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 7 |
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Net current liabilities | ( |
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Total assets less current liabilities |
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Creditors |
Amounts falling due after more than one year | 8 |
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Net liabilities | ( |
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Capital and reserves |
Called up share capital | 10 |
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Retained earnings | ( |
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Shareholders' funds | ( |
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The director acknowledges his 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. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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LONG COPSE DEVELOPMENTS LTD (REGISTERED NUMBER: 12399788) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 13 JANUARY 2020 TO 31 JANUARY 2021 |
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1. | Statutory information |
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Long Copse Developments Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 12399788. The registered office and business address is Moon & Sixpence, Midgham, Fordingbridge, Hampshire, SP6 3BY. |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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The Company has made a loss during the year and has a deficiency of assets at the year end of £7,640. The Company is dependent upon the continued support of its director who has confirmed his support of the Company over the next 12 months, in order that it can meet its day to day working capital requirements |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Government grants |
Using the accrual basis government grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. |
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Grants which become receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable. |
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Investment property |
During construction the property is valued at cost and, at the period end, the cost included £10,725 of accrued loan interest. Once completed, Investment Properties will be carried at their fair value, with revaluations taking place with sufficient regularity to ensure a true and fair view, and with changes in fair value recognised in the profit and loss account. |
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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. |
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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 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 period 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. |
LONG COPSE DEVELOPMENTS LTD (REGISTERED NUMBER: 12399788) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 13 JANUARY 2020 TO 31 JANUARY 2021 |
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2. | Accounting policies - continued |
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Financial instruments |
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities. |
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At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
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3. | Employees and directors |
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The average number of employees during the period was
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4. | Tangible fixed assets |
Fixtures |
Plant and | and |
machinery | fittings | Totals |
£ | £ | £ |
Cost |
Additions |
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At 31 January 2021 |
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Depreciation |
Charge for period |
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At 31 January 2021 |
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Net book value |
At 31 January 2021 |
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5. | Investment property |
Total |
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Fair value |
Additions |
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At 31 January 2021 |
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Net book value |
At 31 January 2021 |
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6. | Debtors: amounts falling due within one year |
£ |
VAT |
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Prepayments and accrued income |
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LONG COPSE DEVELOPMENTS LTD (REGISTERED NUMBER: 12399788) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 13 JANUARY 2020 TO 31 JANUARY 2021 |
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7. | Creditors: amounts falling due within one year |
£ |
Bank loans and overdrafts |
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Other loans |
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Trade creditors |
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Directors' current accounts | 186,523 |
Accruals and deferred income |
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8. | Creditors: amounts falling due after more than one year |
£ |
Bank loans - 1-2 years |
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Bank loans - 2-5 years |
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Bank loans more 5 yr by instal |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal | 3,126 |
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9. | Secured debts |
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The following secured debts are included within creditors: |
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£ |
Other loans |
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All amounts owing to Hunter Finance (UK) Limited are secured against all the assets of the company, by way of a legal charge dated 17 September 2020. |
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10. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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Ordinary | £1 | 1 |
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1 Ordinary share of £1 was allotted and fully paid for
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11. | Ultimate controlling party |
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The Director, Mr H Sykes, is deemed to control the Company by virtue of his 100% holding of the share capital of the Company. |