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REGISTERED NUMBER: 00510998 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

COLBROS PROPERTIES LIMITED

COLBROS PROPERTIES LIMITED (REGISTERED NUMBER: 00510998)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


COLBROS PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P R Colman
Miss E R Stone
R G Stone
Mrs S R Stone





SECRETARY: P J Stone





REGISTERED OFFICE: 1 Vine Terrace
High Street
Harborne
Birmingham
B17 9PU





REGISTERED NUMBER: 00510998 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

COLBROS PROPERTIES LIMITED (REGISTERED NUMBER: 00510998)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,392 2,721

CURRENT ASSETS
Stocks 225,754 225,754
Debtors 5 145,252 137,656
Prepayments and accrued income 2,205 1,304
Cash at bank 405,684 391,740
778,895 756,454
CREDITORS
Amounts falling due within one year 6 10,276 16,166
NET CURRENT ASSETS 768,619 740,288
TOTAL ASSETS LESS CURRENT
LIABILITIES

771,011

743,009

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 770,911 742,909
SHAREHOLDERS' FUNDS 771,011 743,009

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.

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 16 September 2024 and were signed on its behalf by:





Mrs S R Stone - Director


COLBROS PROPERTIES LIMITED (REGISTERED NUMBER: 00510998)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Colbros Properties 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.

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

Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recongnised immediately 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

COLBROS PROPERTIES LIMITED (REGISTERED NUMBER: 00510998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 2,721
Revaluations (329 )
At 31 March 2024 2,392
NET BOOK VALUE
At 31 March 2024 2,392
At 31 March 2023 2,721

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2017 2,131
Valuation in 2018 (640 )
Valuation in 2019 210
Valuation in 2020 (1,483 )
Valuation in 2021 134
Valuation in 2022 464
Valuation in 2023 1,576
2,392

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,495 3,524
Amounts owed by group undertakings 123,941 94,201
Other debtors 18,816 39,931
145,252 137,656

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5 5
Taxation and social security 7,876 13,931
Other creditors 2,395 2,230
10,276 16,166