REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
COLBOURNE PROPERTIES LIMITED |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Fair value reserve | 8 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 | 136,679 |
Revaluations | 35,082 |
At 31 March 2024 | 171,761 |
NET BOOK VALUE |
At 31 March 2024 | 171,761 |
At 31 March 2023 | 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: |
Registered office: England |
Nature of business: |
% |
Class of shares: | holding |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Other debtors |
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 |
Taxation and social security |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.24 | 31.3.23 |
value: | £ | £ |
Ordinary | £1 | 1,000 | 1,000 |
8. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 April 2023 |
Revaluation of listed investments | 35,082 |
Deferred tax | (8,771 | ) |
At 31 March 2024 |
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. |