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REGISTERED NUMBER: 11203261 (England and Wales)















Coward Projects Ltd

Previously known as
G D Coward (Property Services) Ltd

Unaudited Financial Statements for the Year Ended 31 March 2025






Coward Projects Ltd (Registered number: 11203261)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Coward Projects Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: G D Coward
Mrs Z J Coward





REGISTERED OFFICE: 35 Georgian Way
Wigmore
Gillingham
Kent
ME8 0QZ





REGISTERED NUMBER: 11203261 (England and Wales)





ACCOUNTANTS: Aggarwal & Co
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Coward Projects Ltd (Registered number: 11203261)

Statement of Financial Position
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,005,000 933,604

CURRENT ASSETS
Cash at bank 9,924 3,832

CREDITORS
Amounts falling due within one year 5 4,408 2,911
NET CURRENT ASSETS 5,516 921
TOTAL ASSETS LESS CURRENT LIABILITIES 1,010,516 934,525

CREDITORS
Amounts falling due after more than one
year

6

(733,304

)

(732,912

)

PROVISIONS FOR LIABILITIES (68,107 ) (48,008 )
NET ASSETS 209,105 153,605

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 204,321 153,024
Retained earnings 4,684 481
209,105 153,605

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Coward Projects Ltd (Registered number: 11203261)

Statement of Financial Position - continued
31 March 2025


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 3 June 2025 and were signed on its behalf by:





G D Coward - Director


Coward Projects Ltd (Registered number: 11203261)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Coward Projects Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts have been prepared on a going concern basis due to the continued support of the directors and parent company.

Income recognition
Income represents the fair value of rents received during the year and is recognised when the company becomes entitled to it.

Investment property
Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised cost with changes 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Coward Projects Ltd (Registered number: 11203261)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 933,604
Revaluations 71,396
At 31 March 2025 1,005,000
NET BOOK VALUE
At 31 March 2025 1,005,000
At 31 March 2024 933,604

Investment properties were valued by the directors at fair value on 31 March 2025

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 986 -
Other creditors 3,422 2,911
4,408 2,911

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 465,452 465,452
Amounts owed to group undertakings 267,852 267,460
733,304 732,912

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 465,452 465,452

7. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 465,452 465,452

The bank loans are secured by mortgage charges over properties held by the company.

Coward Projects Ltd (Registered number: 11203261)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

8. ULTIMATE CONTROLLING PARENT

The ultimate controlling party is G D Coward Limited.

The registered office of the parent company G D Coward Limited is 35 Georgian Way, Gillingham, Kent, ME8 0QZ.