| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| FOR |
| COOPERS PROPERTY COMPANY LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| FOR |
| COOPERS PROPERTY COMPANY LIMITED |
| COOPERS PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 06214660) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| COOPERS PROPERTY COMPANY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| The Old Council Chambers |
| Halford Street |
| Tamworth |
| Staffordshire |
| B79 7RB |
| COOPERS PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 06214660) |
| BALANCE SHEET |
| 31 OCTOBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Share premium |
| Revaluation reserve | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| COOPERS PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 06214660) |
| BALANCE SHEET - continued |
| 31 OCTOBER 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| COOPERS PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 06214660) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| 1. | STATUTORY INFORMATION |
| Coopers Property Company Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Investment property |
| Investment property is shown at most recent market value or cost. No depreciation is charged on investment properties, whilst this is a departure from the companies act 2006 as investment properties are held for investment rather than consumption the directors consider this policy necessary to give a true and fair view. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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. |
| 3. | EMPLOYEES |
| The average number of employees during the year was |
| COOPERS PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 06214660) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 November 2023 |
| Revaluations | 151,500 |
| At 31 October 2024 |
| NET BOOK VALUE |
| At 31 October 2024 |
| At 31 October 2023 |
| Fair value at 31 October 2024 is represented by: |
| £ |
| Valuation in 2014 | 98,000 |
| Valuation in 2021 | 153,000 |
| Valuation in 2024 | 151,500 |
| Cost | 367,000 |
| 769,500 |
| If investment properties had not been revalued they would have been included at the following historical cost: |
| 2024 | 2023 |
| £ | £ |
| Cost | 367,000 | 367,000 |
| Investment properties were valued on an open market basis on 31 October 2024 by the directors . |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| COOPERS PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 06214660) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | £1 | 110 | 110 |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 November 2023 |
| Increase in value in the year | 151,500 |
| Deferred tax on gain | (38,191 | ) |
| At 31 October 2024 |
| 10. | CONTINGENT LIABILITIES |
| If any of the properties owned by the company are built on contaminated land the holding company holds a contamination fund account of £100,000 contributed towards by all subsidiaries to cover costs in relation to the investment properties. |
| The directors are unable to state whether or not this fund will be sufficient to cover any potential liabilities arising as a result of contamination. If it is insufficient the company will incur the excess costs of the contamination relating to its own properties as well as its contribution to the fund. |
| If other companies in the group claim against the fund the company will contribute up to a maximum of £14,285 which is included in other debtors. |
| 11. | OTHER FINANCIAL COMMITMENTS |
| The company has received £175,000 in respect of taking on a unknown liability in respect of sewerage costs. No liability has been included in the accounts. |
| The company is committed by covenant to issuing dividends or cash contributions to the holding company sufficient to pay preference share dividends of £12,834 per year unless paid by the directors personally. |
| 12. | 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. |
| COOPERS PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 06214660) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| 12. | RELATED PARTY DISCLOSURES - continued |
| Transactions with entities in which the directors have a participating interest. |
| 2024 | 2023 |
| £ | £ |
| Amount due from related party | 900,264 | 919,344 |
| Transactions with key management personnel: |
| 2024 | 2023 |
| £ | £ |
| Amounts due to (from) related party | (80,133 | ) | (132 | ) |
| Transactions with entities with control, joint control or significant influence over the entity: |
| 2024 | 2023 |
| £ | £ |
| Amount due from related party | 1,104,503 | 1,104,503 |
| Bad debt provision already provided | (625,266 | ) | (625,266 | ) |