2023-04-012024-03-312024-03-31false14407427Coledale Property Holdings 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Coledale Property Holdings Limited

Registered Number
14407427
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

Coledale Property Holdings Limited
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Mr J L B S Swift
Mrs V C Swift

Registered Address

2, Hobson Court
Penrith 40 Business Park
Penrith
CA11 9GQ

Registered Number

14407427 (England and Wales)
Coledale Property Holdings Limited
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments35,808,6005,808,600
5,808,6005,808,600
Current assets
Debtors42,016,486-
Cash at bank and on hand3,660,5593,107,709
5,677,0453,107,709
Creditors amounts falling due within one year5(206,536)(101,235)
Net current assets (liabilities)5,470,5093,006,474
Total assets less current liabilities11,279,1098,815,074
Net assets11,279,1098,815,074
Capital and reserves
Called up share capital13,66813,668
Share premium5,794,8335,794,833
Profit and loss account5,470,6083,006,573
Shareholders' funds11,279,1098,815,074
The financial statements were approved and authorised for issue by the Board of Directors on 13 September 2024, and are signed on its behalf by:
Mr J L B S Swift
Director
Registered Company No. 14407427
Coledale Property Holdings Limited
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis 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.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.
2.Average number of employees

20242023
Average number of employees during the year21
3.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 April 235,808,6005,808,600
At 31 March 245,808,6005,808,600
Net book value
At 31 March 245,808,6005,808,600
At 31 March 235,808,6005,808,600

Notes

1Investments in group undertakings and participating interests
4.Debtors: amounts due within one year

2024

2023

££
Amounts owed by group undertakings1,959,760-
Prepayments and accrued income56,726-
Total2,016,486-
5.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties113,43298,580
Taxation and social security32,6781,655
Other creditors59,000-
Accrued liabilities and deferred income1,4261,000
Total206,536101,235
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.
6.Related party transactions
During the year the directors had a loan account with the company. At the balance sheet date the company owed the directors £59,000 (2023 - £nil). This loan is unsecured, interest free and repayable upon demand.
7.Parent-subsidiary relationships
The company, and the group headed by it, qualify as a small group as such the parent and the group are exempt from producing group accounts.