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Company Registration No. 14023577 (England and Wales)
Cotswold Property Partners (holdings) Limited Unaudited accounts for the year ended 31 March 2024
Cotswold Property Partners (holdings) Limited Unaudited accounts Contents
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Cotswold Property Partners (holdings) Limited Company Information for the year ended 31 March 2024
Director
Colette Jennifer Thompson
Company Number
14023577 (England and Wales)
Registered Office
39 Oxford Hill Witney OX28 3JU England
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Cotswold Property Partners (holdings) Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,830 
11,389 
Investment property
3,231,582 
1,802,899 
3,246,412 
1,814,288 
Current assets
Debtors
402,498 
269,278 
Cash at bank and in hand
13,087 
141,389 
415,585 
410,667 
Creditors: amounts falling due within one year
(1,642,641)
(1,313,258)
Net current liabilities
(1,227,056)
(902,591)
Total assets less current liabilities
2,019,356 
911,697 
Creditors: amounts falling due after more than one year
(1,208,049)
(967,028)
Provisions for liabilities
Deferred tax
(191,195)
- 
Net assets/(liabilities)
620,112 
(55,331)
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
633,561 
- 
Profit and loss account
(13,450)
(55,332)
Shareholders' funds
620,112 
(55,331)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 November 2024 and were signed on its behalf by
Colette Jennifer Thompson Director Company Registration No. 14023577
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Cotswold Property Partners (holdings) Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Cotswold Property Partners (holdings) Limited is a private company, limited by shares, registered in England and Wales, registration number 14023577. The registered office is 39 Oxford Hill, Witney, OX28 3JU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Cotswold Property Partners (holdings) Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2023
11,389 
Additions
3,441 
At 31 March 2024
14,830 
Depreciation
At 31 March 2024
- 
Net book value
At 31 March 2024
14,830 
At 31 March 2023
11,389 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
1,802,899 
Additions
583,935 
Net gain from fair value adjustments
844,748 
At 31 March 2024
3,231,582 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
7,725 
Amounts due from group undertakings etc.
44,165 
- 
Deferred tax asset
12,828 
Accrued income and prepayments
- 
48,716 
Other debtors
20,000 
200,009 
64,165 
269,278 
Amounts falling due after more than one year
Other debtors
338,333 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,640,941 
842,576 
Trade creditors
1,700 
16,725 
Other creditors
- 
452,517 
Accruals
- 
1,440 
1,642,641 
1,313,258 
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Cotswold Property Partners (holdings) Limited Notes to the Accounts for the year ended 31 March 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
409,405 
Other creditors
673,259 
- 
Loans from directors
534,790 
557,623 
1,208,049 
967,028 
9
Loans to directors
Included within Debtors is a Directors Loan amounting to £512,166.62 which is owed to Colette Thompson. This loan is unsecured, interest free and repayable on demand.
10
Transactions with related parties
As at the year end, the company is owed an intercompany balance of £44,165.15 from its connected company CPP Ltd. In addition to this the company owes an intercompany balance of £22,623.13 to its connected company - Craig & Colette. The loans are unsecure, interest free and repayable on demand.
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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