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REGISTERED NUMBER: 02756317 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31st December 2021

for

Collard Cole Limited

Collard Cole Limited (Registered number: 02756317)






Contents of the Financial Statements
for the Year Ended 31st December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Collard Cole Limited

Company Information
for the Year Ended 31st December 2021







DIRECTORS: P C Cole
Mrs A M Cole





SECRETARY: P C Cole





REGISTERED OFFICE: Wood Nook House
Wood Nook Lane
Meltham
HOLMFIRTH
HD9 4DU





REGISTERED NUMBER: 02756317 (England and Wales)

Collard Cole Limited (Registered number: 02756317)

Balance Sheet
31st December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,272 7,029
Investments 5 1 1
Investment property 6 4,145,000 3,200,000
4,150,273 3,207,030

CURRENT ASSETS
Debtors 7 359,359 557,941
Cash at bank 732,365 182,173
1,091,724 740,114
CREDITORS
Amounts falling due within one year 8 127,887 88,385
NET CURRENT ASSETS 963,837 651,729
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,114,110

3,858,759

CREDITORS
Amounts falling due after more than one
year

9

(203,932

)

(202,871

)

PROVISIONS FOR LIABILITIES (624,331 ) (429,779 )
NET ASSETS 4,285,847 3,226,109

CAPITAL AND RESERVES
Called up share capital 11 9,050 9,050
Non-distributable reserve 2,612,320 1,782,917
Retained earnings 1,664,477 1,434,142
SHAREHOLDERS' FUNDS 4,285,847 3,226,109

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st December 2021 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.

Collard Cole Limited (Registered number: 02756317)

Balance Sheet - continued
31st December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 28th July 2022 and were signed on its behalf by:





P C Cole - Director


Collard Cole Limited (Registered number: 02756317)

Notes to the Financial Statements
for the Year Ended 31st December 2021

1. STATUTORY INFORMATION

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

Preparation of consolidated financial statements
The financial statements contain information about Collard Cole Limited as an individual Company and do not contain consolidated financial information as the parent of a group. The Company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Rental income
Rental income represents rents receivable during the financial year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on Reducing Balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

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.

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.


Collard Cole Limited (Registered number: 02756317)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2021

2. ACCOUNTING POLICIES - continued
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 year 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2021
and 31st December 2021 22,215
DEPRECIATION
At 1st January 2021 15,186
Charge for year 1,757
At 31st December 2021 16,943
NET BOOK VALUE
At 31st December 2021 5,272
At 31st December 2020 7,029

Collard Cole Limited (Registered number: 02756317)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2021

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2021
and 31st December 2021 1
NET BOOK VALUE
At 31st December 2021 1
At 31st December 2020 1

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2021 3,200,000
Additions 212,460
Disposals (291,415 )
Revaluations 1,023,955
At 31st December 2021 4,145,000
NET BOOK VALUE
At 31st December 2021 4,145,000
At 31st December 2020 3,200,000

Fair value at 31st December 2021 is represented by:
£   
Valuation in 2016 2,291,651
Valuation in 2022 945,000
Cost 908,349
4,145,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.12.21 31.12.20
£    £   
Cost 908,349 987,304

Investment properties were valued on an open market basis on 31st December 2021 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Amounts owed by group undertakings 338,167 533,864
Other debtors 21,192 24,077
359,359 557,941

Collard Cole Limited (Registered number: 02756317)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2021

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 8,000 26,835
Taxation and social security 44,011 14,532
Other creditors 75,876 47,018
127,887 88,385

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Bank loans 28,000 35,333
Other creditors 175,932 167,538
203,932 202,871

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by instalments - 3,333

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.21 31.12.20
£    £   
Bank loans - 22,168

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
9,050 Ordinary £1 9,050 9,050