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REGISTERED NUMBER: 00133936 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Coleman Investments Limited

Coleman Investments Limited (Registered number: 00133936)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Coleman Investments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Sir A N R Rudd
Mrs S J Arnott
T N Rudd





SECRETARY: Mrs S J Arnott





REGISTERED OFFICE: 1st Floor Offices
10 Hereford Road
Abergavenny
Monmouthshire
NP7 5PR





REGISTERED NUMBER: 00133936 (England and Wales)





ACCOUNTANTS: Ashmole & Co.
Chartered Certified Accountants
The Old School
The Quay
Carmarthen
SA31 3LN

Coleman Investments Limited (Registered number: 00133936)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,259 3,293
Investments 5 2,670,545 4,539,913
Investment property 6 3,610,000 3,610,000
6,281,804 8,153,206

CURRENT ASSETS
Debtors 7 3,444,152 3,467,677
Cash at bank and in hand 37,124 163,437
3,481,276 3,631,114
CREDITORS
Amounts falling due within one year 8 1,675,043 1,125,611
NET CURRENT ASSETS 1,806,233 2,505,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,088,037

10,658,709

CREDITORS
Amounts falling due after more than one
year

9

-

(669,213

)

PROVISIONS FOR LIABILITIES (512,859 ) (962,808 )
NET ASSETS 7,575,178 9,026,688

CAPITAL AND RESERVES
Called up share capital 11 13,450 13,450
Fair value reserve 12 1,761,528 3,180,947
Retained earnings 5,800,200 5,832,291
SHAREHOLDERS' FUNDS 7,575,178 9,026,688

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Coleman Investments Limited (Registered number: 00133936)

Balance Sheet - continued
31 December 2023


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:





Mrs S J Arnott - Director


Coleman Investments Limited (Registered number: 00133936)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Coleman Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Changes in accounting policies
These financial statements for the year ended 31st December 2016 are the first financial statements that comply with FRS 102 Section 1A "Small Entities". The date of transition is 1 January 2015.

The transition to FRS 102 Section 1A "Small Entities" has resulted in a small number of changes in accounting policies to those used previously.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is transferred to the fair value reserve.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

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.


Coleman Investments Limited (Registered number: 00133936)

Notes to the Financial Statements - continued
for the Year Ended 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 8,143
DEPRECIATION
At 1 January 2023 4,850
Charge for year 2,034
At 31 December 2023 6,884
NET BOOK VALUE
At 31 December 2023 1,259
At 31 December 2022 3,293

Coleman Investments Limited (Registered number: 00133936)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 4,539,913
Revaluations (1,869,368 )
At 31 December 2023 2,670,545
NET BOOK VALUE
At 31 December 2023 2,670,545
At 31 December 2022 4,539,913

Fixed asset investments are shown at their fair value.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 3,610,000
NET BOOK VALUE
At 31 December 2023 3,610,000
At 31 December 2022 3,610,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2020 251,294
Cost 3,358,706
3,610,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 3,358,706 3,358,706

The investment property was valued on an open market basis on 16 November 2020 by Frank Knight LLP .

The directors are of the opinion that the carrying value of the company's investment properties equates to their year end market valuation.

Coleman Investments Limited (Registered number: 00133936)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 46,204 17,383
Amounts owed by group undertakings 3,334,580 3,379,397
Other debtors 63,368 70,897
3,444,152 3,467,677

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 10) - 100,000
Trade creditors 44,688 61,622
Taxation and social security 17,266 35,442
Other creditors 1,613,089 928,547
1,675,043 1,125,611

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 10) - 669,213

10. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans - 100,000

Amounts falling due between one and two years:
Bank loans - 1-2 years - 100,000

Amounts falling due between two and five years:
Bank loans - 2-5 years - 569,213

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
13,450 Ordinary £1 13,450 13,450

Coleman Investments Limited (Registered number: 00133936)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

12. RESERVES
Fair
value
reserve
£   
At 1 January 2023 3,180,947
Transfer (1,419,419 )

At 31 December 2023 1,761,528

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Sir A N R Rudd
Balance outstanding at start of year (799,343 ) (803,650 )
Amounts advanced 10,213 4,954
Amounts repaid (669,213 ) (647 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,458,343 ) (799,343 )

Mrs S J Arnott
Balance outstanding at start of year 2,321 1,346
Amounts advanced 4,098 3,275
Amounts repaid (2,829 ) (2,300 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,590 2,321

T N Rudd
Balance outstanding at start of year 2,835 2,818
Amounts advanced 8,334 5,193
Amounts repaid (4,585 ) (5,176 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,584 2,835

The directors have been charged interest of £NIL (2020 - £143) on their overdrawn loan accounts. The loans were repaid within 9 months of the year end.



14. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Rother House Finance Limited which is registered within the UK.