Registered number
09741073
Coldbrook Ventures Limited
Filleted Accounts
31 March 2024
Coldbrook Ventures Limited
Registered number: 09741073
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,202,937 4,130,721
Investments 4 100 100
4,203,037 4,130,821
Current assets
Debtors 5 94,329 325,253
Cash at bank and in hand 133,235 214,022
227,564 539,275
Creditors: amounts falling due within one year 6 (81,936) (138,616)
Net current assets 145,628 400,659
Total assets less current liabilities 4,348,665 4,531,480
Creditors: amounts falling due after more than one year 7 (3,688,409) (3,979,369)
Net assets 660,256 552,111
Capital and reserves
Called up share capital 100 100
Profit and loss account 660,156 552,011
Shareholders' funds 660,256 552,111
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 18 July 2024
Coldbrook Ventures Limited
Notes to the Accounts
for the year ended 31 March 2024
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 land, 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
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
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 2023 4,129,584 4,644 4,134,228
Additions 72,500 - 72,500
At 31 March 2024 4,202,084 4,644 4,206,728
Depreciation
At 1 April 2023 - 3,507 3,507
Charge for the year - 284 284
At 31 March 2024 - 3,791 3,791
Net book value
At 31 March 2024 4,202,084 853 4,202,937
At 31 March 2023 4,129,584 1,137 4,130,721
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2023 100
At 31 March 2024 100
Historical cost
At 1 April 2023 100
At 31 March 2024 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 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 94,329 325,253
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 58,910 96,051
Taxation and social security costs 21,076 40,615
Other creditors 1,950 1,950
81,936 138,616
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,325,878 1,513,475
Director's Loan 2,362,531 2,465,894
3,688,409 3,979,369
8 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 1,014,673 1,124,789
Secured bank loans 1,384,788 1,609,526
Freehold land and buildings with a carrying value of £4,202,084 (2023: £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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