IRIS Accounts Production v23.3.0.418 13240638 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh132406382022-03-31132406382023-03-31132406382022-04-012023-03-31132406382021-03-02132406382021-03-032022-03-31132406382022-03-3113240638ns10:Originalns15:EnglandWales2022-04-012023-03-3113240638ns14:PoundSterlingns10:Original2022-04-012023-03-3113240638ns10:Originalns10:Director12022-04-012023-03-3113240638ns10:Original2022-04-012023-03-3113240638ns10:Original2023-03-3113240638ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3113240638ns10:Originalns10:SmallEntities2022-04-012023-03-3113240638ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3113240638ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3113240638ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3113240638ns10:Originalns10:FullAccounts2022-04-012023-03-3113240638ns10:Originalns10:Director22022-04-012023-03-3113240638ns10:Originalns10:RegisteredOffice2022-04-012023-03-3113240638ns10:Original2022-03-3113240638ns10:Originalns5:CurrentFinancialInstruments2023-03-3113240638ns10:Originalns5:CurrentFinancialInstruments2022-03-3113240638ns10:Originalns5:Non-currentFinancialInstruments2023-03-3113240638ns10:Originalns5:Non-currentFinancialInstruments2022-03-3113240638ns5:ShareCapitalns10:Original2023-03-3113240638ns5:ShareCapitalns10:Original2022-03-3113240638ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3113240638ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3113240638ns10:Originalns5:ComputerEquipment2022-04-012023-03-3113240638ns10:Original2021-03-032022-03-3113240638ns10:Originalns5:ComputerEquipment2022-03-3113240638ns10:Originalns5:ComputerEquipment2023-03-3113240638ns10:Originalns5:ComputerEquipment2022-03-3113240638ns10:Original2022-03-3113240638ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3113240638ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3113240638ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3113240638ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-03-3113240638ns5:Securedns10:Original2023-03-3113240638ns5:Securedns10:Original2022-03-31
REGISTERED NUMBER: 13240638 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

COLLETT PROPERTY COMPANY LIMITED

COLLETT PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 13240638)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COLLETT PROPERTY COMPANY LIMITED

COMPANY INFORMATION
for the year ended 31 MARCH 2023







DIRECTORS: A Collett
A Wojtecki





REGISTERED OFFICE: 1 High Street
Thatcham
Berks
RG19 3JG





REGISTERED NUMBER: 13240638 (England and Wales)





ACCOUNTANTS: C B Heslop & Company Limited
Chartered Accountants
1 High Street
Thatcham
Berks
RG19 3JG

COLLETT PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 13240638)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 534 712
Investment property 5 927,774 293,308
928,308 294,020

CURRENT ASSETS
Debtors 6 5 1,693
Cash at bank 7,478 360
7,483 2,053
CREDITORS
Amounts falling due within one year 7 291,526 303,126
NET CURRENT LIABILITIES (284,043 ) (301,073 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

644,265

(7,053

)

CREDITORS
Amounts falling due after more than one
year

8

(668,318

)

-

PROVISIONS FOR LIABILITIES (101 ) (135 )
NET LIABILITIES (24,154 ) (7,188 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (24,254 ) (7,288 )
(24,154 ) (7,188 )

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 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.

COLLETT PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 13240638)

BALANCE SHEET - continued
31 MARCH 2023


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 10 November 2023 and were signed on its behalf by:





A Wojtecki - Director


COLLETT PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 13240638)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 MARCH 2023

1. STATUTORY INFORMATION

Collett Property Company 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.

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.
Office equipment - 25% on reducing balance

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 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.

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 1 (2022 - 1 ) .

COLLETT PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 13240638)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2022
and 31 March 2023 949
DEPRECIATION
At 1 April 2022 237
Charge for year 178
At 31 March 2023 415
NET BOOK VALUE
At 31 March 2023 534
At 31 March 2022 712

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 293,308
Additions 634,466
At 31 March 2023 927,774
NET BOOK VALUE
At 31 March 2023 927,774
At 31 March 2022 293,308

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 5 1,693

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other creditors 291,526 303,126

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 668,318 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 668,318 -

COLLETT PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 13240638)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 MARCH 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 668,318 -

The Company has agreed fixed charges on the investment properties.

10. CONTINGENT LIABILITIES

There were no contingent liabilities at the balance sheet date or at 31 March 2022.

11. RELATED PARTY DISCLOSURES

At the balance sheet date £289,486 (2022 : £300,870) was owing to the director, A Wojtecki.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Wojtecki.