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REGISTERED NUMBER: 00180925 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 DECEMBER 2024

FOR

COVENTRY BUSINESS ESTATES LIMITED

COVENTRY BUSINESS ESTATES LIMITED (REGISTERED NUMBER: 00180925)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 DECEMBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


COVENTRY BUSINESS ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 24 DECEMBER 2024







DIRECTORS: Mr Q J Sprague
Mr J Weller
Mr S Moorhouse





SECRETARY: Mr S B Kimm FCCA





REGISTERED OFFICE: 18 Pall Mall
London
SW1Y 5LU





REGISTERED NUMBER: 00180925 (England and Wales)





ACCOUNTANTS: Ellis Atkins
Chartered Accountants
Constable Court
62 Dene Street
Dorking
Surrey
RH4 2DP

COVENTRY BUSINESS ESTATES LIMITED (REGISTERED NUMBER: 00180925)

ABRIDGED BALANCE SHEET
24 DECEMBER 2024

24/12/24 24/12/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,990 25,981
Investments 5 25,440,396 25,440,396
Investment property 6 70,000 60,000
25,523,386 25,526,377

CURRENT ASSETS
Debtors 2,708,950 2,158,919
Cash at bank and in hand 8,567 47,110
2,717,517 2,206,029
CREDITORS
Amounts falling due within one year 2,563,957 1,961,349
NET CURRENT ASSETS 153,560 244,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,676,946

25,771,057

PROVISIONS FOR LIABILITIES 17,075 14,576
NET ASSETS 25,659,871 25,756,481

CAPITAL AND RESERVES
Called up share capital 116,780 116,780
Share premium 537,483 537,483
Fair value reserve 7 46,925 39,425
Non distributable reserve 23,496,784 23,496,784
Retained earnings 1,461,899 1,566,009
SHAREHOLDERS' FUNDS 25,659,871 25,756,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 December 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.

COVENTRY BUSINESS ESTATES LIMITED (REGISTERED NUMBER: 00180925)

ABRIDGED BALANCE SHEET - continued
24 DECEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 24 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 March 2025 and were signed on its behalf by:




Mr Q J Sprague - Director



Mr J Weller - Director


COVENTRY BUSINESS ESTATES LIMITED (REGISTERED NUMBER: 00180925)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 DECEMBER 2024

1. STATUTORY INFORMATION

Coventry Business Estates 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
Turnover comprises amounts receivable for rents and services charged to tenants, excluding value added tax.

Tangible fixed assets including investment properties
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost

In accordance with Financial Reporting Standard 102 investment properties are revalued annually and the aggregate surplus or deficit is dealt with through the profit and loss account. The gain/loss is transferred to a fair value reserve after adjusting for deferred tax. No depreciation is provided in respect of investment properties.

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 balance sheet date.

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.

Rent deposits
Where rent deposits are held in separately designated bank accounts, the money held is not treated as an asset of the company and consequently neither is the matching liability recognised.

Service charge reserves and sinking funds
Where service charge reserves or sinking funds are maintained for particular properties, these are treated as if they are held on trust for the tenants in separately designated bank accounts. The money held is not treated as an asset of the company and consequently neither is the matching reserve recognised as a liability.

COVENTRY BUSINESS ESTATES LIMITED (REGISTERED NUMBER: 00180925)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 24 DECEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 25 December 2023
and 24 December 2024 138,467
DEPRECIATION
At 25 December 2023 112,486
Charge for year 12,991
At 24 December 2024 125,477
NET BOOK VALUE
At 24 December 2024 12,990
At 24 December 2023 25,981

5. FIXED ASSET INVESTMENTS

Fixed asset investments relates to investments in group companies.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 25 December 2023 60,000
Revaluations 10,000
At 24 December 2024 70,000
NET BOOK VALUE
At 24 December 2024 70,000
At 24 December 2023 60,000

Fair value at 24 December 2024 is represented by:
£   
Valuation in 2023 54,000
Valuation in 2024 10,000
Cost 6,000
70,000

COVENTRY BUSINESS ESTATES LIMITED (REGISTERED NUMBER: 00180925)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 24 DECEMBER 2024

6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

24/12/24 24/12/23
£    £   
Cost 6,000 6,000

Investment property was valued on an open market basis on 24 December 2024 by Godfrey-Payton Chartered Surveyors .

7. RESERVES
Fair
value
reserve
£   
At 25 December 2023 39,425
Transfer between reserves 7,500

At 24 December 2024 46,925

The movement between retained earnings and the fair value reserve represents the unrealised gain/loss on revaluation after adjusting for deferred tax. The fair value reserve is not distributable.

The non distributable reserve represents the gain/loss on the sale of investment property to a subsidiary company in exchange for share capital. The reserve is not distributable profit.

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the I Jersey Settlement Trust.