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Registered number: 01197360
Copedale Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
MAR Kilshaw Limited
99 Stanley Road
Bootle
Liverpool
Merseyside
L20 7DA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01197360
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,605,171 24,269,391
24,605,171 24,269,391
CURRENT ASSETS
Debtors 5 314,050 350,786
Cash at bank and in hand 1,564,492 1,844,841
1,878,542 2,195,627
Creditors: Amounts Falling Due Within One Year 6 (2,306,170 ) (2,484,380 )
NET CURRENT ASSETS (LIABILITIES) (427,628 ) (288,753 )
TOTAL ASSETS LESS CURRENT LIABILITIES 24,177,543 23,980,638
Creditors: Amounts Falling Due After More Than One Year 7 (8,264,176 ) (8,474,281 )
NET ASSETS 15,913,367 15,506,357
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 15,913,267 15,506,257
SHAREHOLDERS' FUNDS 15,913,367 15,506,357
Page 1
Page 2
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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A Younis
Director
20 March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Copedale Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01197360 . The registered office is Headlands, North Drive, Sandfield Park, Liverpool, Merseyside, L12 1LD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold None
Plant & Machinery 15% reducing balance
Fixtures & Fittings 15% reducing balance
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
Page 3
Page 4
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost or Valuation
As at 1 April 2023 24,269,391 21,906 24,291,297
Additions 335,780 - 335,780
As at 31 March 2024 24,605,171 21,906 24,627,077
Depreciation
As at 1 April 2023 - 21,906 21,906
As at 31 March 2024 - 21,906 21,906
Net Book Value
As at 31 March 2024 24,605,171 - 24,605,171
As at 1 April 2023 24,269,391 - 24,269,391
As at 31 March 2024 the directors valued the property at £24,605,171.
Cost or valuation as at 31 March 2024 represented by:
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
At cost 24,460,075 21,906 24,481,981
At valuation 145,096 - 145,096
24,605,171 21,906 24,627,077
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 184,050 220,786
Due after more than one year
Amounts owed by participating interests 130,000 130,000
314,050 350,786
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 209,900 209,700
Other creditors 1,925,398 2,062,255
Taxation and social security 170,872 212,425
2,306,170 2,484,380
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 8,264,176 8,474,281
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 8,450,000 8,950,000
9. Deferred Taxation
The provision for deferred taxation is made up of accelerated depreciation versus capital allowances and the revaluation on the freehold property.
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Reserves
Included in the profit and loss reserve is non distributable reserves totalling £120,953 (2023: £139,541), net of deferred tax at a rate of 25%.
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