COLONY PROSPECTS LIMITED


Directors	William Bennett
	Stuart Andrew Mcneil Hall
	Edward Gregory Mather


Registered Address	The Wine Store
	Brewery Court
	Theale
	RG7 5AJ


Registered Number	11412015 (England and Wales)

Balance Sheet as at
30 June 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Investment property	3		934,000		934,000
			934,000		934,000
Current assets
Debtors	4	513,023		483,953
Cash at bank and on hand		22		246
		513,045		484,199
Creditors amounts falling due within one year	5	(488,819)		(489,042)
Net current assets (liabilities)			24,226		(4,843)
Total assets less current liabilities			958,226		929,157
Creditors amounts falling due after one year	6		(667,870)		(667,870)
Provisions for liabilities	7		(82,297)		(82,297)
Net assets			208,059		178,990
Capital and reserves
Called up share capital			90		90
Revaluation reserve			246,891		246,891
Profit and loss account			(38,922)		(67,991)
Shareholders' funds			208,059		178,990

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 27 March 2025, and are signed on its behalf by:

William Bennett
Director
Registered Company No. 11412015

COLONY PROSPECTS LIMITED

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

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover is measured at the fair value of the rent receivable for the period.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	3		3

3.	Investment property


		£
	Fair value at 01 July 23	934,000
	At 30 June 24	934,000

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Amounts owed by group undertakings	513,023	483,953
Total	513,023	483,953

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	-	223
Amounts owed to related parties	96,379	96,379
Other creditors	9,700	9,700
Accrued liabilities and deferred income	382,740	382,740
Total	488,819	489,042

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	667,870	667,870
Total	667,870	667,870

7.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	82,297	82,297
Total	82,297	82,297