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REGISTERED NUMBER: SC662295 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

COLFORD HOLDINGS LIMITED

COLFORD HOLDINGS LIMITED (REGISTERED NUMBER: SC662295)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

COLFORD HOLDINGS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: Mrs B Brown





REGISTERED OFFICE: 8 Cadham Centre
Glenrothes
K7 6RY





REGISTERED NUMBER: SC662295 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS

COLFORD HOLDINGS LIMITED (REGISTERED NUMBER: SC662295)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 5 3,200,000 3,200,000

CURRENT ASSETS
Debtors 6 323,164 419,828
Cash at bank 3,096 5,129
326,260 424,957
CREDITORS
Amounts falling due within one year 7 86,064 83,898
NET CURRENT ASSETS 240,196 341,059
TOTAL ASSETS LESS CURRENT LIABILITIES 3,440,196 3,541,059

CREDITORS
Amounts falling due after more than one year 8 946,411 1,024,859
NET ASSETS 2,493,785 2,516,200

CAPITAL AND RESERVES
Called up share capital 104 104
Share premium 2,399,900 2,399,900
Retained earnings 93,781 116,196
SHAREHOLDERS' FUNDS 2,493,785 2,516,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2023 and were signed by:





Mrs B Brown - Director


COLFORD HOLDINGS LIMITED (REGISTERED NUMBER: SC662295)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Colford Holdings Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries
Investment in wholly owned subsidiaries are recognised at cost less any provision for impairment. Carrying values of investments in subsidiaries are reviewed at the end of each reporting period for any indication of impairment with any effect accounted for in the profit and loss account.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets which include trade & other debtors, cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers significant risk and reward of ownership to another entity.

Basic financial liabilities
Basic financial liabilities which include trade and other creditors are recognised at transaction price including transaction cost.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 3,200,000
NET BOOK VALUE
At 31 March 2023 3,200,000
At 31 March 2022 3,200,000

COLFORD HOLDINGS LIMITED (REGISTERED NUMBER: SC662295)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 210,197 279,405
Directors' current accounts 87,722 115,178
Tax 25,245 25,245
323,164 419,828

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 78,447 76,583
Taxation and social security 5,816 5,816
Other creditors 1,801 1,499
86,064 83,898

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 946,411 1,024,859

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 604,835 698,817

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,024,858 1,101,442

The company has granted a bond and floating charge in favour of Bank of Scotland Plc over all property, assets, current and future undertakings.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mrs B Brown
Balance outstanding at start of year 115,178 97,282
Amounts advanced - 57,373
Amounts repaid (27,456 ) (39,477 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 87,722 115,178

These amounts bear no interest and have no fixed repayment terms.

COLFORD HOLDINGS LIMITED (REGISTERED NUMBER: SC662295)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B Brown by virtue of her ownership of 97% of the issued share capital.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
COLFORD HOLDINGS LIMITED (REGISTERED NUMBER: SC662295)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Colford Holdings Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Colford Holdings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Colford Holdings Limited and state those matters that we have agreed to state to the director of Colford Holdings Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Colford Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Colford Holdings Limited. You consider that Colford Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Colford Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS


31 October 2023