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REGISTERED NUMBER: 09608933 (England and Wales)















Financial Statements

for the Year Ended 31 December 2024

for

Coton Holdings Limited

Coton Holdings Limited (Registered number: 09608933)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Coton Holdings Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Ms I Dubylovska
Mrs R A Howell
S Rizvi





REGISTERED OFFICE: 55 Coton Road
Wolverhampton
WV4 5AT





REGISTERED NUMBER: 09608933 (England and Wales)





AUDITORS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Coton Holdings Limited (Registered number: 09608933)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 2,125,000 1,599,397
Investments 6 100 100
2,125,100 1,599,497

CURRENT ASSETS
Debtors 7 150,000 -
Cash at bank 18 106,958
150,018 106,958
CREDITORS
Amounts falling due within one year 8 (1,504,070 ) (1,461,009 )
NET CURRENT LIABILITIES (1,354,052 ) (1,354,051 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

771,048

245,446

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 771,046 245,444
SHAREHOLDERS' FUNDS 771,048 245,446

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 28 March 2025 and were signed on its behalf by:





S Rizvi - Director


Coton Holdings Limited (Registered number: 09608933)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Coton Holdings 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Coton Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, RDCP Care Holdings Limited, 86 Bearwood Road, Smethwick, Birmingham, B66 4HN.

Related party exemption
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.

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

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost

In the year ended 31 December 2024, the freehold property was revalued and therefore no depreciation has been charged in the year.

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.


Coton Holdings Limited (Registered number: 09608933)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. 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.

Impairment of fixed asset
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 January 2024 1,867,000
Revaluations 258,000
At 31 December 2024 2,125,000
DEPRECIATION
At 1 January 2024 267,603
Revaluation adjustments (267,603 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 2,125,000
At 31 December 2023 1,599,397

Coton Holdings Limited (Registered number: 09608933)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2024 is represented by:

Land and
buildings
£   
Valuation in 2024 258,000
Cost 1,867,000
2,125,000

If freehold land and property had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,867,000 1,867,000
Aggregate depreciation 304,943 267,603

Freehold land and buildings were valued on an open market basis on 29 January 2024 by Knight Frank LLP (RICS Registered Valuer) .

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 100
NET BOOK VALUE
At 31 December 2024 100
At 31 December 2023 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 150,000 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 1,434,309 1,391,248
Taxation and social security 69,061 69,061
Other creditors 700 700
1,504,070 1,461,009

Coton Holdings Limited (Registered number: 09608933)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. SECURED DEBTS

Barclays Bank plc holds two fixed and floating charges over the assets including Stockwell Residential Care Home, Stockwell End, Wolverhampton, WV6 9PH and Richmond House, 55 Coton Road, Wolverhampton, WV4 5AT, dated 5 April 2023 and 2 April 2024, which can be enforced on demand.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Susanna Ault FCCA ACA (Senior Statutory Auditor)
for and on behalf of Tomkinson Teal (Lichfield) LLP

11. CONTINGENT LIABILITIES

The company is bound by an intra-group cross guarantee in respect of bank debt with other members of the group headed by its ultimate parent, RDCP Care Holdings Limited. The amount guaranteed is £15,515,500 (2023: £14,350,513).

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party was RDCP Care Limited, by virtue of its 100% shareholding in Coton Holdings Limited. RDCP Care Limited is controlled by Ms I Dubylovska and S Rizvi, who are equal shareholders and directors of the company.

On 2 April 2024 Coton Holdings Limited became a wholly owned subsidiary of RDCP Care Holdings Limited. There is no change in the controlling shareholders and directors.