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REGISTERED NUMBER: 13146171 (England and Wales)








COLDPIECE TWO LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






COLDPIECE TWO LTD (REGISTERED NUMBER: 13146171)

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

Chartered Accountants' Report 6

COLDPIECE TWO LTD

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: Mrs V W Perrins
R C G Perrins





REGISTERED OFFICE: Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR





REGISTERED NUMBER: 13146171 (England and Wales)





ACCOUNTANTS: Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR

COLDPIECE TWO LTD (REGISTERED NUMBER: 13146171)

BALANCE SHEET
31 March 2024

2024 2023
Notes £ £
FIXED ASSETS
Investment property 4 3,668,097 3,668,097

CURRENT ASSETS
Debtors 5 - 30
Cash at bank 66,616 214,133
66,616 214,163
CREDITORS
Amounts falling due within one year 6 (2,099,012 ) (2,381,629 )
NET CURRENT LIABILITIES (2,032,396 ) (2,167,466 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,635,701 1,500,631

CREDITORS
Amounts falling due after more than one year 7 (1,282,219 ) (1,282,219 )
NET ASSETS 353,482 218,412

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 353,382 218,312
353,482 218,412

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.

COLDPIECE TWO LTD (REGISTERED NUMBER: 13146171)

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 5 August 2024 and were signed on its behalf by:





R C G Perrins - Director


COLDPIECE TWO LTD (REGISTERED NUMBER: 13146171)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Coldpiece Two Ltd 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.

Significant judgements and estimates
The directors have made key assumptions in the determination of the fair value of the investment properties. The valuation method is further described in the 'Investment Property' accounting policy.

Turnover
Turnover represents rental income under operating leases from investment properties held excluding value added tax. Rentals receivable under operating leases are charged to income on a straight line basis over the lease term.

Investment property
Investment properties are held to earn rentals and/or for capital appreciation and are accounted for in accordance with Section 16 "Investment Property" of the Financial Reporting Standard 102.

Investment property is initially measured at cost, including transaction costs. Subsequently investment property is shown at the most recent valuation, being the fair value of the property. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement and is then transferred to non distributable reserves on the balance sheet.

Current tax
Current tax is the amount of corporation tax payable in respect of taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantially enacted by the year end.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

Financial instruments
Financial instruments are classified by directors as basic or non-basic following the conditions on FRS 102 Section 11. Basic financial instruments are initially measured at transaction price (including transaction cost) and subsequently recognised at amortised cost using the effective interest method. The company has no non-basic financial instruments.

3. EMPLOYEES AND DIRECTORS

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

COLDPIECE TWO LTD (REGISTERED NUMBER: 13146171)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2023
and 31 March 2024 3,668,097
NET BOOK VALUE
At 31 March 2024 3,668,097
At 31 March 2023 3,668,097

The company holds freehold investment property. The directors deem that the purchase costs represent an appropriate fair value at the year end which is equivalent to open market value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors - 30

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 948 -
Amounts owed to participating interests 1,746,663 2,036,663
Taxation and social security 49,989 44,253
Other creditors 301,412 300,713
2,099,012 2,381,629

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Other creditors 1,282,219 1,282,219

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is an amount of £1,532,219 (2023: £1,532,219) payable to the directors. An amount of £250,000 is repayable within 12 months of the reporting date and the balance is due in more than one year. The loan is interest free.

9. RELATED PARTY DISCLOSURES

Included within other creditors is an amount of £1,746,663 (2023: £2,036,663) owed to the parent company. The loan is interest free and repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
COLDPIECE TWO LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Coldpiece Two Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Coldpiece Two Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Coldpiece Two Ltd and state those matters that we have agreed to state to the Board of Directors of Coldpiece Two Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coldpiece Two Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Coldpiece Two Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Coldpiece Two Ltd. You consider that Coldpiece Two Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Coldpiece Two Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the directors, who obtains access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.






Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR


5 August 2024