Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-301true2022-07-01falseNo description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10602101 2022-07-01 2023-06-30 10602101 2021-07-01 2022-06-30 10602101 2023-06-30 10602101 2022-06-30 10602101 2021-07-01 10602101 2 2022-07-01 2023-06-30 10602101 2 2021-07-01 2022-06-30 10602101 d:Director1 2022-07-01 2023-06-30 10602101 e:PlantMachinery 2022-07-01 2023-06-30 10602101 e:PlantMachinery 2023-06-30 10602101 e:PlantMachinery 2022-06-30 10602101 e:PlantMachinery e:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10602101 e:FreeholdInvestmentProperty 2022-07-01 2023-06-30 10602101 e:FreeholdInvestmentProperty 2023-06-30 10602101 e:FreeholdInvestmentProperty 2022-06-30 10602101 e:CurrentFinancialInstruments 2023-06-30 10602101 e:CurrentFinancialInstruments 2022-06-30 10602101 e:CurrentFinancialInstruments e:WithinOneYear 2023-06-30 10602101 e:CurrentFinancialInstruments e:WithinOneYear 2022-06-30 10602101 e:ShareCapital 2023-06-30 10602101 e:ShareCapital 2022-06-30 10602101 e:ShareCapital 2021-07-01 10602101 e:InvestmentPropertiesRevaluationReserve 2023-06-30 10602101 e:InvestmentPropertiesRevaluationReserve 2 2022-07-01 2023-06-30 10602101 e:InvestmentPropertiesRevaluationReserve 2022-06-30 10602101 e:InvestmentPropertiesRevaluationReserve 2021-07-01 10602101 e:InvestmentPropertiesRevaluationReserve 2 2021-07-01 2022-06-30 10602101 e:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 10602101 e:RetainedEarningsAccumulatedLosses 2023-06-30 10602101 e:RetainedEarningsAccumulatedLosses 2 2022-07-01 2023-06-30 10602101 e:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 10602101 e:RetainedEarningsAccumulatedLosses 2022-06-30 10602101 e:RetainedEarningsAccumulatedLosses 2021-07-01 10602101 e:RetainedEarningsAccumulatedLosses 2 2021-07-01 2022-06-30 10602101 d:FRS102 2022-07-01 2023-06-30 10602101 d:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 10602101 d:FullAccounts 2022-07-01 2023-06-30 10602101 d:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 10602101 e:AcceleratedTaxDepreciationDeferredTax 2023-06-30 10602101 e:AcceleratedTaxDepreciationDeferredTax 2022-06-30 10602101 e:TaxLossesCarry-forwardsDeferredTax 2023-06-30 10602101 e:TaxLossesCarry-forwardsDeferredTax 2022-06-30 10602101 e:OtherDeferredTax 2023-06-30 10602101 e:OtherDeferredTax 2022-06-30 iso4217:GBP xbrli:pure

10602101







COLDMAN ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
30 JUNE 2023
























COLDMAN ESTATES LIMITED
REGISTERED NUMBER:10602101

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
3,975
5,618

Investment property
 5 
1,419,408
1,125,000

  
1,423,383
1,130,618

Current assets
  

Debtors: amounts falling due within one year
 6 
17,349
28,306

Bank and cash balances
  
5,825
5,182

  
23,174
33,488

Creditors: amounts falling due within one year
 7 
(1,517,790)
(1,198,688)

Net current liabilities
  
 
 
(1,494,616)
 
 
(1,165,200)

Total assets less current liabilities
  
(71,233)
(34,582)

Provisions for liabilities
  

Deferred tax
 8 
-
(13,439)

  
 
 
-
 
 
(13,439)

Net liabilities
  
(71,233)
(48,021)


Capital and reserves
  

Called up share capital 
  
100
100

Fair value reserve
  
100,354
88,750

Profit and loss account
  
(171,687)
(136,871)

  
(71,233)
(48,021)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

COLDMAN ESTATES LIMITED
REGISTERED NUMBER:10602101
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

D. Coldman
Director

Date: 29 March 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 2

COLDMAN ESTATES LIMITED

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023


Called up share capital
Fair value reserve
Profit and loss account
Total equity

£
£
£
£


At 1 July 2021
100
99,875
(97,075)
2,900


Comprehensive income for the year

Loss for the year
-
-
(50,921)
(50,921)

Transfer between reserves
-
(11,125)
11,125
-



At 1 July 2022
100
88,750
(136,871)
(48,021)


Comprehensive income for the year

Loss for the year
-
-
(23,212)
(23,212)

Transfer between reserves
-
11,604
(11,604)
-


At 30 June 2023
100
100,354
(171,687)
(71,233)


The notes on pages 4 to 8 form part of these financial statements.

Page 3

COLDMAN ESTATES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Coldman Estates Limited (the 'Company') is a limited company by shares and incorporated in England and Wales.
The address of the Company's registered office is Brockbourne House, 77 Mount Ephraim, Tunbridge Wells, Kent, TN4 8BS.
The address of its principal place of business is Lockskinners Farmhouse, Chiddingstone, Edenbridge, Kent, TN8 7NA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements are prepared on the basis that the Company will continue in operational existence for the foreseeable future. This means, in particular, that the profit and loss account and balance sheet assume no intention or necessity to liquidate or curtail significantly the scale of the operations.
At the balance sheet date, the Company had net liabilities of £71,233 (2022: £48,021). The director has reviewed the future outlook of the business and has confirmed he will continue to provide their ongoing support for a period of at least 12 months from the date at which these accounts are approved. The financial statements have been prepared on this basis given the continuing support of the director.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
The revenue is made up of income from rent, livery and race course hire.
Revenue is recognised in the period to which it relates.

Page 4

COLDMAN ESTATES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value recognised in the Statement of income and retained earnings.

Page 5

COLDMAN ESTATES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.7

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

 Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight line basis over the lease term.


3.


Employees

The average monthly number of employees, including the director, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 July 2022
31,631


Additions
1,000



At 30 June 2023

32,631



Depreciation


At 1 July 2022
26,013


Charge for the year on owned assets
2,643



At 30 June 2023

28,656



Net book value



At 30 June 2023
3,975



At 30 June 2022
5,618

Page 6

COLDMAN ESTATES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 July 2022
1,125,000


Additions at cost
294,408



At 30 June 2023
1,419,408

The 2023 valuations were made by the director, on an open market value for existing use basis.


2023
2022
£
£


Historic cost
1,319,054
1,024,646


6.


Debtors

2023
2022
£
£


Trade debtors
1,277
3,493

Tax recoverable
-
9,997

Called up share capital not paid
100
100

Prepayments and accrued income
15,972
14,716

17,349
28,306



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
3,255
54,131

Other taxation and social security
157
-

Other creditors
1,508,328
1,138,907

Accruals
6,050
5,650

1,517,790
1,198,688



 

Page 7

COLDMAN ESTATES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

8.


Deferred taxation




2023


£






At beginning of year
(13,439)


Charged to profit or loss
13,439



At end of year
-

The deferred taxation balance is made up as follows:

2023
2022
£
£


Estimated tax due on unrealised investment property gains
-
18,963

Accelerated capital allowances
-
6,528

Losses and other deductions
-
(12,052)

-
13,439


9.


Related party transactions

At the year-end, the Company owed the director £1,508,328 (2022: £1,138,907) and this amount is included within other creditors. This loan is free of interest and repayable on demand.

 
Page 8