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REGISTERED NUMBER: 09608933 (England and Wales)















Financial Statements

for the Period

1 November 2022 to 31 December 2023

for

Coton Holdings Limited

Coton Holdings Limited (Registered number: 09608933)






Contents of the Financial Statements
for the Period 1 November 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Coton Holdings Limited

Company Information
for the Period 1 November 2022 to 31 December 2023







DIRECTORS: Ms I Dubylovska
Mrs R A Howell
S Rizvi





REGISTERED OFFICE: 55 Coton Road
Wolverhampton
WV4 5AT





REGISTERED NUMBER: 09608933 (England and Wales)





AUDITORS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Coton Holdings Limited (Registered number: 09608933)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,599,397 1,642,960
Investments 5 100 100
1,599,497 1,643,060

CURRENT ASSETS
Debtors 6 - 17,626
Cash at bank 106,958 114,446
106,958 132,072
CREDITORS
Amounts falling due within one year 7 (1,461,009 ) (1,330,462 )
NET CURRENT LIABILITIES (1,354,051 ) (1,198,390 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,446

444,670

CREDITORS
Amounts falling due after more than one year 8 - (195,794 )
NET ASSETS 245,446 248,876

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 245,444 248,874
245,446 248,876

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 23 September 2024 and were signed on its behalf by:





S Rizvi - Director


Coton Holdings Limited (Registered number: 09608933)

Notes to the Financial Statements
for the Period 1 November 2022 to 31 December 2023

1. STATUTORY INFORMATION

Coton Holdings 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.

Preparation of consolidated financial statements
The financial statements contain information about Coton Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, RDCP Care Limited, 86 Bearwood Road, Smethwick, Birmingham, B66 4HN.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for rental services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit and loss.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Taxation
Taxation for the period 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.


Coton Holdings Limited (Registered number: 09608933)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 31 December 2023

2. ACCOUNTING POLICIES - continued
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 period 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.

Impairment of fixed asset
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 November 2022
and 31 December 2023 1,867,000
DEPRECIATION
At 1 November 2022 224,040
Charge for period 43,563
At 31 December 2023 267,603
NET BOOK VALUE
At 31 December 2023 1,599,397
At 31 October 2022 1,642,960

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100
At 31 October 2022 100

Coton Holdings Limited (Registered number: 09608933)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings - 17,626

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 93,327
Amounts owed to group undertakings 1,391,248 1,190,023
Taxation and social security 69,061 45,067
Other creditors 700 2,045
1,461,009 1,330,462

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 195,794

9. SECURED DEBTS

Barclays Bank plc hold a fixed and floating charge over the assets including Stockwell Residential Care Home, Stockwell End, Wolverhampton, WV6 9PH and Richmond House, 55 Coton Road, Wolverhampton, WV4 5AT.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Susanna Ault FCCA ACA (Senior Statutory Auditor)
for and on behalf of Tomkinson Teal (Lichfield) LLP

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is RDCP Care Limited, by virtue of its 100% shareholding in Coton Holdings Limited. RDCP Care Limited is controlled by Ms I Dubylovska and S Rizvi, who are equal shareholders and directors of the company.

On 2 April 2024 RDCP Care Limited became a wholly owned subsidiary of RDCP Care Holdings Limited. There is no change in the controlling shareholders and directors.