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REGISTERED NUMBER: 00494114 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

COLBOURNE PROPERTIES LIMITED

COLBOURNE PROPERTIES LIMITED (REGISTERED NUMBER: 00494114)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COLBOURNE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr J S Fisher
Mr M L Fisher
Mrs S M Goldberg





SECRETARY: Mrs L M Fisher





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 00494114 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

COLBOURNE PROPERTIES LIMITED (REGISTERED NUMBER: 00494114)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Investments 4 171,761 136,679

CURRENT ASSETS
Debtors 5 362 -
Cash at bank 610 875
972 875
CREDITORS
Amounts falling due within one year 6 (80,716 ) (65,138 )
NET CURRENT LIABILITIES (79,744 ) (64,263 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,017

72,416

PROVISIONS FOR LIABILITIES (23,310 ) (14,540 )
NET ASSETS 68,707 57,876

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Fair value reserve 8 88,295 61,984
Retained earnings (20,588 ) (5,108 )
SHAREHOLDERS' FUNDS 68,707 57,876

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

COLBOURNE PROPERTIES LIMITED (REGISTERED NUMBER: 00494114)

BALANCE SHEET - continued
31 MARCH 2024


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 7 May 2024 and were signed on its behalf by:





Mr J S Fisher - Director


COLBOURNE PROPERTIES LIMITED (REGISTERED NUMBER: 00494114)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Colbourne Properties 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 as modified by the revaluation of certain assets.

The accounts have been prepared on a going concern basis even though the company has net current liabilities of £80,106 (2023: £64,263). The validity of the going concern is dependent on the continuing support from the parent company. The directors believes that the going concern concept is applicable as the company will be able to meet its debt as and when they fall due.

Preparation of consolidated financial statements
The financial statements contain information about Colbourne Properties Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Income
Income represents dividends received from investments.

Listed investments
Listed investments are shown at market value at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

COLBOURNE PROPERTIES LIMITED (REGISTERED NUMBER: 00494114)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. FIXED ASSET INVESTMENTS
Shares in
group Listed
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 14,030 122,649 136,679
Revaluations - 35,082 35,082
At 31 March 2024 14,030 157,731 171,761
NET BOOK VALUE
At 31 March 2024 14,030 157,731 171,761
At 31 March 2023 14,030 122,649 136,679

Cost or valuation at 31 March 2024 is represented by:

Shares in
group Listed
undertakings investments Totals
£    £    £   
Valuation in 2018 - 39,965 39,965
Valuation in 2019 - (15,354 ) (15,354 )
Valuation in 2020 - (3,729 ) (3,729 )
Valuation in 2021 - 14,065 14,065
Valuation in 2022 - 21,522 21,522
Valuation in 2023 - 20,055 20,055
Valuation in 2024 - 35,082 35,082
Cost 14,030 46,125 60,155
14,030 157,731 171,761

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Portsea Properties Limited
Registered office: England
Nature of business: Property investment
%
Class of shares: holding
900 Ordinary 100.00
100 5% Preference 100.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves 161,144 135,812
Profit for the year 37,447 38,180

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 362 -

COLBOURNE PROPERTIES LIMITED (REGISTERED NUMBER: 00494114)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed to group undertakings 77,465 61,525
Taxation and social security - 362
Other creditors 3,251 3,251
80,716 65,138

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. RESERVES
Fair
value
reserve
£   
At 1 April 2023 61,984
Revaluation of listed investments 35,082
Deferred tax (8,771 )

At 31 March 2024 88,295

9. RELATED PARTY DISCLOSURES

Included under creditors amounts owed to group undertakings are the following balances:

Shop & Office Properties Limited: £9,375Dr (2023: £9,375Dr)
J.D.F. Properties Limited: £81,840Cr (2023: £57,900Cr)
Portsea Properties Limited: £5,000Cr (2023: £5,000Cr)

10. ULTIMATE CONTROLLING PARTY

The immediate controlling party is Shop & Office Properties Limited, a company incorporated and registered in England and Wales.

The ultimate controlling party is Shop & Office Properties Employee Benefit Trust, a trust registered in England and Wales.