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REGISTERED NUMBER: 08253977 (England and Wales)




























Unaudited Financial Statements

for the Year Ended 31 October 2022

for

Collins & Darwell Holdings Limited

Collins & Darwell Holdings Limited (Registered number: 08253977)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Collins & Darwell Holdings Limited

Company Information
for the Year Ended 31 October 2022







DIRECTORS: J M Travers
C J Travers
Mrs N J Westwell



SECRETARY: Mrs N J Westwell



REGISTERED OFFICE: 2 Hope Street
Leigh
Lancashire
WN7 1AJ



REGISTERED NUMBER: 08253977 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: Lloyds Bank Plc

Collins & Darwell Holdings Limited (Registered number: 08253977)

Balance Sheet
31 October 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,700 35,024
Investments 5 1,000 1,000
Investment property 6 472,905 300,328
503,605 336,352

CURRENT ASSETS
Debtors 7 6,694 98,001
Cash at bank 9,729 13,112
16,423 111,113
CREDITORS
Amounts falling due within one year 8 101,446 22,543
NET CURRENT (LIABILITIES)/ASSETS (85,023 ) 88,570
TOTAL ASSETS LESS CURRENT
LIABILITIES

418,582

424,922

PROVISIONS FOR LIABILITIES 9 8,608 9,620
NET ASSETS 409,974 415,302

CAPITAL AND RESERVES
Called up share capital 10 25,000 25,000
Fair value reserve 11 65,640 65,640
Retained earnings 319,334 324,662
SHAREHOLDERS' FUNDS 409,974 415,302

Collins & Darwell Holdings Limited (Registered number: 08253977)

Balance Sheet - continued
31 October 2022


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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2023 and were signed on its behalf by:





Mrs N J Westwell - Director


Collins & Darwell Holdings Limited (Registered number: 08253977)

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

1. STATUTORY INFORMATION

Collins & Darwell Holdings 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the term, whichever is the shorter

Plant and machinery - 15% - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

Collins & Darwell Holdings Limited (Registered number: 08253977)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2021
and 31 October 2022 53,887
DEPRECIATION
At 1 November 2021 18,863
Charge for year 5,324
At 31 October 2022 24,187
NET BOOK VALUE
At 31 October 2022 29,700
At 31 October 2021 35,024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2021
and 31 October 2022 1,000
NET BOOK VALUE
At 31 October 2022 1,000
At 31 October 2021 1,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2021 300,328
Additions 172,577
At 31 October 2022 472,905
NET BOOK VALUE
At 31 October 2022 472,905
At 31 October 2021 300,328

The investment property was valued by the Directors in 2015.
The directors are of the opinion that the fair value is not materially different to the latest valuation.

Fair value at 31 October 2022 is represented by:
£   
Valuation in 2015 68,750
Cost 404,155
472,905

Collins & Darwell Holdings Limited (Registered number: 08253977)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 6,694 98,001

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed to group undertakings 7,213 19,965
Corporation tax 3,151 105
Other creditors 1,500 1,500
Directors' current accounts 88,242 173
Accrued expenses 1,340 800
101,446 22,543

9. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax
Accelerated capital allowances (1,012 ) 6,655
Fair value of investment
property 9,620 2,965
8,608 9,620

Deferred
tax
£   
Balance at 1 November 2021 9,620
Provided during year (1,012 )
Balance at 31 October 2022 8,608

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
25,000 Ordinary A Share £1 25,000 25,000

11. RESERVES
Fair
value
reserve
£   
At 1 November 2021
and 31 October 2022 65,640