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REGISTERED NUMBER: 03085149 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 July 2024

for

Coote Properties Limited

Coote Properties Limited (Registered number: 03085149)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Coote Properties Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mrs T M Coote





REGISTERED OFFICE: 95 Oakhill
Woodford Green
Essex
IG8 9PF





REGISTERED NUMBER: 03085149 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Coote Properties Limited (Registered number: 03085149)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,330 3,918
Investment property 5 2,330,150 2,330,150
2,333,480 2,334,068

CURRENT ASSETS
Debtors 6 220,902 216,587
Cash at bank 50,726 146,912
271,628 363,499
CREDITORS
Amounts falling due within one year 7 235,494 58,618
NET CURRENT ASSETS 36,134 304,881
TOTAL ASSETS LESS CURRENT LIABILITIES 2,369,614 2,638,949

CREDITORS
Amounts falling due after more than one year 8 239,399 499,402
NET ASSETS 2,130,215 2,139,547

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 115,000 115,000
Retained earnings 2,015,115 2,024,447
2,130,215 2,139,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Coote Properties Limited (Registered number: 03085149)

Statement of Financial Position - continued
31 July 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 director and authorised for issue on 20 October 2024 and were signed by:





Mrs T M Coote - Director


Coote Properties Limited (Registered number: 03085149)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Coote 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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

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.

Finance costs
Finance costs are charged to the income statement over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Coote Properties Limited (Registered number: 03085149)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Other operating income
Other operating income represents income from property rental and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2023
and 31 July 2024 46,643
DEPRECIATION
At 1 August 2023 42,725
Charge for year 588
At 31 July 2024 43,313
NET BOOK VALUE
At 31 July 2024 3,330
At 31 July 2023 3,918

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 2,330,150
NET BOOK VALUE
At 31 July 2024 2,330,150
At 31 July 2023 2,330,150

The valuations of the properties held by the company were made by the Director, Mrs. T Coote. These valuations were on an open market value for existing use basis.

The historical cost of the above investment properties is £440,286

Coote Properties Limited (Registered number: 03085149)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Amounts owed by associates 216,449 216,449
Other debtors 4,453 138
220,902 216,587

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 12,621 25,238
Amounts owed to associates 144,850 25,850
Taxation and social security 507 441
Other creditors 77,516 7,089
235,494 58,618

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 239,399 499,402

9. SECURED DEBTS

The bank facilities of the company excluding Bounce Bank Loan are secured by a debenture over the company's assets including it's investment properties.

10. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 115,000

11. RELATED PARTY DISCLOSURES

The Director, Mrs T Coote, is deemed to be key management personnel.