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REGISTERED NUMBER: 13256448 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2022 TO 31 DECEMBER 2022

FOR

COLTISHALL (BROAD WALK) LTD

COLTISHALL (BROAD WALK) LTD (REGISTERED NUMBER: 13256448)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Period 1 APRIL 2022 TO 31 DECEMBER 2022




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


COLTISHALL (BROAD WALK) LTD (REGISTERED NUMBER: 13256448)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2022

2022 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 - 4,500,000

CURRENT ASSETS
Debtors 5 49,995 950,832
Cash at bank 17,228 4,854
67,223 955,686
CREDITORS
Amounts falling due within one year 6 66,223 5,507,478
NET CURRENT ASSETS/(LIABILITIES) 1,000 (4,551,792 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,000

(51,792

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings - (52,792 )
1,000 (51,792 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by Mr H Pantelides the Board of Directors and authorised for issue on 14 December 2023 and were signed on its behalf by:





Mr H Pantelides - Director


COLTISHALL (BROAD WALK) LTD (REGISTERED NUMBER: 13256448)

NOTES TO THE FINANCIAL STATEMENTS
For The Period 1 APRIL 2022 TO 31 DECEMBER 2022

1. STATUTORY INFORMATION

Coltishall (Broad Walk) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13256448

Registered office: 62 Chase Side
London
N14 5PA

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


CHANGE IN COMPARATIVES
The accounts have been prepared for a period of 9 months whereas the comparatives are for a period of 12 months.

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.

The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are significant judgements and estimates involved in the preparation of the financial statements.

Revenue
Revenue represents rent receivable in respect of the company's investment properties. Rental income is recognised over the period of the rental agreement.

Investment property
Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

Taxation
Taxation for the period 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 statement of financial position date.


COLTISHALL (BROAD WALK) LTD (REGISTERED NUMBER: 13256448)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 APRIL 2022 TO 31 DECEMBER 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 statement of financial position 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 period 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.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 4,500,000
Disposals (4,500,000 )
At 31 December 2022 -
NET BOOK VALUE
At 31 December 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2022
£    £   
Amounts owed by group undertakings 49,995 -
Other debtors - 950,832
49,995 950,832

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2022
£    £   
Bank loans and overdrafts - 2,000,050
Trade creditors - 115,120
Amounts owed to group undertakings - 3,390,508
Taxation and social security 61,873 -
Other creditors 4,350 1,800
66,223 5,507,478

COLTISHALL (BROAD WALK) LTD (REGISTERED NUMBER: 13256448)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Period 1 APRIL 2022 TO 31 DECEMBER 2022

7. SECURED DEBTS

The following secured debts are included within creditors:

2022 2022
£    £   
Bank loans - 2,000,050

Bank loan is secured by way of fixed and floating charge on the property and other assets of the company and contains a negative pledge.

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.