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REGISTERED NUMBER: 00333508 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Combe House Properties Limited

Combe House Properties Limited (Registered number: 00333508)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Combe House Properties Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: I M Speight
E A Speight





REGISTERED OFFICE: Combe House
Throop Road
Templecombe Somerset
BA8 0HR





REGISTERED NUMBER: 00333508 (England and Wales)





ACCOUNTANTS: Grosvenor House Practice Limited
Avening
Priory Park
Tetbury
Gloucestershire
GL8 8HZ

Combe House Properties Limited (Registered number: 00333508)

Abridged Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 8,873
Investments 5 135,614 130,832
Investment property 6 1,744,446 1,744,446
1,880,060 1,884,151

CURRENT ASSETS
Debtors 166 158
Cash at bank 110,635 141,554
110,801 141,712
CREDITORS
Amounts falling due within one year 23,732 17,170
NET CURRENT ASSETS 87,069 124,542
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,967,129

2,008,693

PROVISIONS FOR LIABILITIES 113,156 113,163
NET ASSETS 1,853,973 1,895,530

RESERVES
Fair value reserve 7 1,171,594 1,171,594
Retained earnings 682,379 723,936
1,853,973 1,895,530

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

Combe House Properties Limited (Registered number: 00333508)

Abridged Balance Sheet - continued
31 March 2022


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 July 2022 and were signed on its behalf by:




I M Speight - Director



E A Speight - Director


Combe House Properties Limited (Registered number: 00333508)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Combe House 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 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investment property
The investment properties were revalued on 4 September 2014 by Greenslade Taylor Hunt who are
external to the company. The basis of this valuation was current open market value.

The directors believe the current open market value at 31 March 2022 to be £1,744,446 based upon
informal valuations and the sales prices of similar properties within the local area. The investment
properties have a current value of £1,744,446 (2021: £1,744,446) and a carrying amount at historical
cost of £475,988 (2021: £475,988). The depreciation on this historical cost is £nil (2021: £nil).

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.


Combe House Properties Limited (Registered number: 00333508)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2021 28,494
Disposals (28,494 )
At 31 March 2022 -
DEPRECIATION
At 1 April 2021 19,621
Eliminated on disposal (19,621 )
At 31 March 2022 -
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 8,873

Combe House Properties Limited (Registered number: 00333508)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 April 2021 130,832
Additions 1,792
Disposals (485 )
Revaluations 3,475
At 31 March 2022 135,614
NET BOOK VALUE
At 31 March 2022 135,614
At 31 March 2021 130,832

Cost or valuation at 31 March 2022 is represented by:
Totals
£   
Valuation in 2022 135,614

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021
and 31 March 2022 1,744,446
NET BOOK VALUE
At 31 March 2022 1,744,446
At 31 March 2021 1,744,446

7. RESERVES
Fair
value
reserve
£   
At 1 April 2021
and 31 March 2022 1,171,594