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REGISTERED NUMBER: 05480251 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Colton Developments Limited

Colton Developments Limited (Registered number: 05480251)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Colton Developments Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr R M Colton
Mrs K Colton
Miss F Colton





SECRETARY: Mrs K Colton





REGISTERED OFFICE: 5 Westbrook Court
Sharrowvale Road
Sheffield
South Yorkshire
S11 8YZ





REGISTERED NUMBER: 05480251 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

Colton Developments Limited (Registered number: 05480251)

Statement of Financial Position
30 June 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment property 4 1,692,047 1,692,047

CURRENT ASSETS
Debtors 5 2,356 3,128
Cash at bank 17,906 18,103
20,262 21,231
CREDITORS
Amounts falling due within one year 6 692,925 702,591
NET CURRENT LIABILITIES (672,663 ) (681,360 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,019,384 1,010,687

CREDITORS
Amounts falling due after more than one
year

7

728,289

760,845
NET ASSETS 291,095 249,842

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 290,995 249,742
SHAREHOLDERS' FUNDS 291,095 249,842

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Colton Developments Limited (Registered number: 05480251)

Statement of Financial Position - continued
30 June 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 Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by:





Miss F Colton - Director


Colton Developments Limited (Registered number: 05480251)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Colton Developments 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.

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

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 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 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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 July 2023
and 30 June 2024 1,692,047
NET BOOK VALUE
At 30 June 2024 1,692,047
At 30 June 2023 1,692,047

Fair value at 30 June 2024 is represented by:
£
Valuation in 2014 (196,783 )
Cost 1,888,830
1,692,047

Colton Developments Limited (Registered number: 05480251)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INVESTMENT PROPERTY - continued

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

2024 2023
£ £
Cost 1,888,829 1,888,829
Aggregate depreciation (642,202 ) (566,648 )

Investment property was valued on an open market basis on 30 June 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed by group undertakings 2,356 3,128

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 32,556 30,366
Taxation and social security 12,453 8,515
Other creditors 647,916 663,710
692,925 702,591

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 728,289 760,845

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 574,680 616,951

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 760,845 791,211

Bank loans are secured on a floating charge across the properties held by the company.

Colton Developments Limited (Registered number: 05480251)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

The company was subject to the following transactions with Tramsheds Property Management Limited, a company under the common control of directors R M Colton and Mrs F Colton, during the year:

Management charges received from Tramsheds Property Management Ltd were £10,626 (2023: £13,759).

At the year end date the balance owed from Tramsheds Property Management Ltd was £2,356 (2023: £3,128).