Registered number
09741073
Coldbrook Ventures Limited
Filleted Accounts
31 March 2023
Coldbrook Ventures Limited
Registered number: 09741073
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4,130,721 4,131,100
Investments 4 100 100
4,130,821 4,131,200
Current assets
Debtors 5 325,253 325,253
Cash at bank and in hand 214,022 21,331
539,275 346,584
Creditors: amounts falling due within one year 6 (138,616) (151,846)
Net current assets 400,659 194,738
Total assets less current liabilities 4,531,480 4,325,938
Creditors: amounts falling due after more than one year 7 (3,979,369) (3,890,440)
Net assets 552,111 435,498
Capital and reserves
Called up share capital 100 100
Profit and loss account 552,011 435,398
Shareholders' funds 552,111 435,498
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Christopher Martin Davies
Director
Approved by the board on 4 July 2023
Coldbrook Ventures Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the total invoice value of rental income receivable for the period.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold landand buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold land and buildings not depreciated
Plant and machinery 25% per annum
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2022 4,129,584 4,644 4,134,228
At 31 March 2023 4,129,584 4,644 4,134,228
Depreciation
At 1 April 2022 - 3,128 3,128
Charge for the year - 379 379
At 31 March 2023 - 3,507 3,507
Net book value
At 31 March 2023 4,129,584 1,137 4,130,721
At 31 March 2022 4,129,584 1,516 4,131,100
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2022 100
At 31 March 2023 100
Historical cost
At 1 April 2022 100
At 31 March 2023 100
Investment in subsidiary undertaking relate to the cost of 100 ordinary shares of £1 each in Raglan Garden Company Limited, which is a wholly owned subsidiary of Coldbrook Ventures Limited.
5 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 325,253 325,253
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 96,051 112,460
Taxation and social security costs 40,615 37,436
Other creditors 1,950 1,950
138,616 151,846
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 1,513,475 1,373,322
Director's loan 2,465,894 2,517,118
3,979,369 3,890,440
8 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years 1,124,789 903,177
Secured bank loans 1,609,526 1,444,115
Freehold land and buildings with a carrying value of £4,129,584 (2022: £4,129,584) are pledged as security for the company's bank loan with barclays bank plc.
9 Other information
Coldbrook Ventures Limited is a private company limited by shares and incorporated in England. Its registered office is:
Nantoer Hardwick
Abergavenny
Monmouthshire
NP7 9BS
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