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REGISTERED NUMBER: 02969896 (England and Wales)















The Colman Partnership Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024






The Colman Partnership Limited (Registered number: 02969896)

Contents of the Financial Statements
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Colman Partnership Limited

Company Information
for the year ended 30 April 2024







Directors: C F Colman
S Hastings
D Liddell





Secretary: D Liddell





Registered office: Adamsfield House
School Hill
Slindon
Arundel
BN18 0RA





Registered number: 02969896 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

The Colman Partnership Limited (Registered number: 02969896)

Balance Sheet
30 April 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 - 241,311
Tangible assets 5 2,877 6,644
2,877 247,955

Current assets
Debtors 6 70,494 255,161
Cash at bank and in hand 1,019,214 971,546
1,089,708 1,226,707
Creditors
Amounts falling due within one year 7 139,402 178,942
Net current assets 950,306 1,047,765
Total assets less current liabilities 953,183 1,295,720

Capital and reserves
Called up share capital 100 100
Retained earnings 953,083 1,295,620
Shareholders' funds 953,183 1,295,720

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 2 December 2024 and were signed on its behalf by:





C F Colman - Director


The Colman Partnership Limited (Registered number: 02969896)

Notes to the Financial Statements
for the year ended 30 April 2024


1. Statutory information

The Colman Partnership 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.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for 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.

Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of
net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less
accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold 10% on cost
Plant and machinery straight line over 3 years

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the Company's cash management.

Financial liabilities and equity instruments issued by the Company are classified in accordance with the
substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

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.


The Colman Partnership Limited (Registered number: 02969896)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

3. Employees and directors

The average number of employees during the year was 7 (2023 - 7 ) .

4. Intangible fixed assets
Goodwill
£
Cost
At 1 May 2023
and 30 April 2024 2,412,098
Amortisation
At 1 May 2023 2,170,787
Amortisation for year 241,311
At 30 April 2024 2,412,098
Net book value
At 30 April 2024 -
At 30 April 2023 241,311

The Colman Partnership Limited (Registered number: 02969896)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


5. Tangible fixed assets
Plant and
machinery
£
Cost
At 1 May 2023 23,389
Additions 662
At 30 April 2024 24,051
Depreciation
At 1 May 2023 16,745
Charge for year 4,429
At 30 April 2024 21,174
Net book value
At 30 April 2024 2,877
At 30 April 2023 6,644

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 47,096 199,902
Other debtors 23,398 55,259
70,494 255,161

7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 89,341 117,300
Amounts owed to group undertakings - 4,000
Taxation and social security 19,088 29,912
Other creditors 30,973 27,730
139,402 178,942

8. Related party disclosures

During the year dividends were paid to the parent company.