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Registered number: 13062750










COOMERS GROUP HOLDINGS LIMITED










ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

 
COOMERS GROUP HOLDINGS LIMITED
 
 
COMPANY INFORMATION


Director
G B Coomer 




Registered number
13062750



Registered office
3-5 Woolmer Way

Bordon

Hampshire

GU35 9QE




Independent auditors
Shaw Gibbs (Audit) Limited
Statutory Auditors

Wey Court West

Union Road

Farnham

Surrey

GU9 7PT





 
COOMERS GROUP HOLDINGS LIMITED
 

CONTENTS



Page
Group Strategic Report
 
1
Director's Report
 
2 - 3
Independent Auditors' Report
 
4 - 7
Consolidated Statement of Comprehensive Income
 
8
Consolidated Statement of Financial Position
 
9 - 10
Company Statement of Financial Position
 
11
Consolidated Statement of Changes in Equity
 
12 - 13
Company Statement of Changes in Equity
 
14 - 15
Consolidated Statement of Cash Flows
 
16 - 17
Consolidated Analysis of Net Debt
 
18
Notes to the Financial Statements
 
19 - 38


 
COOMERS GROUP HOLDINGS LIMITED
 
 
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 JANUARY 2025

 
As another year draws to a close, it is fair to say that the business has performed relatively well, in difficult market conditions.  
The product availability issues of recent times have largely been resolved, with most UK manufacturers coping comfortably with the level of demand for their products.  That said, manufacturing is increasingly focused on producing  inventory 'just in time' so product allocation can suddenly be imposed on core lines.  Similarly, a lot of the commodity products (such as timber) are traded internationally, therefore global demand can drive significant price changes month on month.
The market backdrop for the RMI (repair, maintenance, improvement) sector remain challenging.  The business is surrounded by a lot of strong national operators, plus regional independents, all fighting for a share of a flat, at best, demand.  This naturally has a negative impact on volumes and margins.
The Directors and Management continue to be focused on new business and new revenue streams.  Strong stock levels, a quick and reliable delivery service and proactive approach with the core customer base are all crucial.  At Alton, the refitting of the bathroom showroom has been completed, alongside yard improvements.  At Haslemere, the branch has been extensively refurbished and remodelled.  At Bordon, a new Fibo drive-through concrete plant has been introduced, which will offer a brand-new concrete, screed and mortar service to trade customers.
Turnover for the year finished 1.4% down on the previous year, margin was unchanged, and the volume of customers served was also flat.  Online turnover, on the other hand, performed well and grew by almost 11%.  New products will be added to the website, to take advantage of direct ship delivery that key suppliers can facilitate.
Overhead and staff costs have continued to increase, but some of those rises have been offset with a strong focus on general expenses, and some efficiency gains within Head Office.
As a result, the business has finished the year in a strong financial position and is well-placed to take advantage of an improvement in economic conditions, when that time finally comes.
Coomers Group Holdings turnover remained level, year on year.


This report was approved by the board and signed on its behalf.







G B Coomer
Director
Date: 11 August 2025

Page 1

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 JANUARY 2025

The director presents his report and the financial statements for the year ended 31 January 2025.

Director's responsibilities statement

The director is responsible for preparing the Group Strategic Report, the Director's Report and the consolidated financial statements in accordance with applicable law and regulations.
 
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that period.

 In preparing these financial statements, the director is required to:


select suitable accounting policies for the Group's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable him to ensure that the financial statements comply with the Companies Act 2006He is also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation and minority interests, amounted to £939,980 (2024 - £929,040).

The group paid £225,000 (2024: £89,556) of dividends to its shareholders.

Director

The director who served during the year was:

G B Coomer 

Matters covered in the Group Strategic Report

The principal risks and uncertainties and future developments are covered in the Strategic report.

Page 2

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025


Disclosure of information to auditors

The director at the time when this Director's Report is approved has confirmed that:
 
so far as  is aware, there is no relevant audit information of which the Company and the Group's auditors are unaware, and

 has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company and the Group's auditors are aware of that information.

Post balance sheet events

There have been no significant events affecting the Group since the year end.

This report was approved by the board and signed on its behalf.
 







G B Coomer
Director

Date: 11 August 2025

Page 3

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF COOMERS GROUP HOLDINGS LIMITED
 

Opinion


We have audited the financial statements of Coomers Group Holdings Limited (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 31 January 2025, which comprise the Group Statement of Comprehensive Income, the Group and Company Statements of Financial Position, the Group Statement of Cash Flows, the Group and Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Group's and of the parent Company's affairs as at 31 January 2025 and of the Group's profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.


Page 4

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF COOMERS GROUP HOLDINGS LIMITED (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and  our Auditors' Report thereon.  The director is responsible for the other information contained within the Annual Report.  Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated.  If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves.  If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Group Strategic Report and the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Group Strategic Report and the Director's Report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Group and the parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Director's Report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept by the parent Company, or returns adequate for our audit have not been received from branches not visited by us; or
the parent Company financial statements are not in agreement with the accounting records and returns; or
certain disclosures of director's remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Page 5

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF COOMERS GROUP HOLDINGS LIMITED (CONTINUED)


Responsibilities of directors
 

As explained more fully in the Director's Responsibilities Statement set out on page 2, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the director is responsible for assessing the Group's and the parent Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the Group or the parent Company or to cease operations, or have no realistic alternative but to do so.


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the Group and the industry in which it operates, and considered the risk of acts by the Group that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and inspection of legal correspondence.
There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. 
As in all our audits, we also addressed the risk of management override of internal controls. This involved testing journals and evaluating whether there was evidence of bias by the directors, including bias within significant accounting estimates, that represented a risk of material misstatement due to fraud.
We did not identify any key audit matters relating to irregularities, including fraud. 


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.


Page 6

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF COOMERS GROUP HOLDINGS LIMITED (CONTINUED)


Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.







Keely Harvey FCA (Senior Statutory Auditor)
for and on behalf of
Shaw Gibbs (Audit) Limited
Statutory Auditors
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT

14 August 2025
Page 7

 
COOMERS GROUP HOLDINGS LIMITED
 
 
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JANUARY 2025

2025
2024
Note
£
£

  

Turnover
 4 
14,910,648
15,125,574

Cost of sales
  
(11,251,215)
(11,250,786)

Gross profit
  
3,659,433
3,874,788

Administrative expenses
  
(1,861,032)
(1,690,716)

Other operating income
 5 
7,798
10,339

Fair value movements
  
373,345
108,479

Operating profit
  
2,179,544
2,302,890

Interest receivable and similar income
 11 
80,166
57,739

Interest payable and similar expenses
 12 
(319,173)
(428,389)

Profit before taxation
  
1,940,537
1,932,240

Tax on profit
 13 
(504,813)
(538,217)

Profit for the financial year
  
1,435,724
1,394,023

  

Unrealised surplus/(loss) on revaluation of tangible fixed assets
  
12,500
84,985

Other comprehensive income for the year
  
12,500
84,985

Total comprehensive income for the year
  
1,448,224
1,479,008

Profit for the year attributable to:
  

Non-controlling interests
  
495,744
464,983

Controlling interests
  
939,980
929,040

  
1,435,724
1,394,023

Total comprehensive income for the year attributable to:
  

Non-controlling interest
  
499,913
493,330

Controlling interests
  
948,311
985,678

  
1,448,224
1,479,008

The notes on pages 19 to 38 form part of these financial statements.

Page 8

 
COOMERS GROUP HOLDINGS LIMITED
REGISTERED NUMBER: 13062750

CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2025

2025
2024
Note
£
£

Fixed assets
  

Intangible assets
 15 
543,445
622,101

Tangible assets
 16 
9,774,573
9,662,097

Investments
 17 
1,300
1,300

  
10,319,318
10,285,498

Current assets
  

Stocks
 18 
1,662,447
1,668,463

Debtors: amounts falling due within one year
 19 
1,683,948
1,598,765

Cash at bank and in hand
 20 
1,427,322
2,028,866

  
4,773,717
5,296,094

Creditors: amounts falling due within one year
 21 
(1,744,767)
(2,636,440)

Net current assets
  
 
 
3,028,950
 
 
2,659,654

Total assets less current liabilities
  
13,348,268
12,945,152

Creditors: amounts falling due after more than one year
 22 
(7,084,726)
(7,526,534)

Provisions for liabilities
  

Deferred taxation
 24 
(292,888)
(321,188)

  
 
 
(292,888)
 
 
(321,188)

Net assets
  
5,970,654
5,097,430


Capital and reserves
  

Called up share capital 
 25 
100
100

Revaluation reserve
 26 
66,485
58,154

Fair value movement reserves
 26 
299,845
-

Profit and loss account
 26 
3,374,612
2,959,477

Equity attributable to Controlling interests
  
3,741,042
3,017,731

Non-controlling interests
  
2,229,612
2,079,699

  
5,970,654
5,097,430


Page 9

 
COOMERS GROUP HOLDINGS LIMITED
REGISTERED NUMBER: 13062750
    
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






G B Coomer
Director

Date: 11 August 2025

The notes on pages 19 to 38 form part of these financial statements.

Page 10

 
COOMERS GROUP HOLDINGS LIMITED
REGISTERED NUMBER: 13062750

COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2025

2025
2024
Note
£
£

Fixed assets
  

Investments
 17 
4,543,289
4,543,289

  
4,543,289
4,543,289

Current assets
  

Debtors: amounts falling due after more than one year
 19 
3,275,598
3,434,593

Cash at bank and in hand
 20 
7,113
7,121

  
3,282,711
3,441,714

Creditors: amounts falling due within one year
 21 
(5,477,376)
(6,050,717)

Net current liabilities
  
 
 
(2,194,665)
 
 
(2,609,003)

Total assets less current liabilities
  
2,348,624
1,934,286

  

  

Net assets
  
2,348,624
1,934,286


Capital and reserves
  

Called up share capital 
 25 
100
100

Fair value movement reserve
 26 
(150,155)
-

Profit and loss account
 26 
2,498,679
1,934,186

  
2,348,624
1,934,286


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






G B Coomer
Director

Date: 11 August 2025

The notes on pages 19 to 38 form part of these financial statements.

Page 11
 

 
COOMERS GROUP HOLDINGS LIMITED


 

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2025



Called up share capital
Freehold revaluation reserve
Fair value movement reserve
Profit and loss account
Equity attributable to Controlling interests
Non-controlling interests
Total equity


£
£
£
£
£
£
£


At 1 February 2024
100
58,154
-
2,959,477
3,017,731
2,079,699
5,097,430



Comprehensive income for the year


Profit for the year

-
-
-
939,980
939,980
495,744
1,435,724


Surplus on revaluation of freehold property
-
8,331
-
-
8,331
4,169
12,500



Other comprehensive income for the year
-
8,331
-
-
8,331
4,169
12,500



Total comprehensive income for the year
-
8,331
-
939,980
948,311
499,913
1,448,224



Contributions by and distributions to owners


Dividends: Equity capital
-
-
-
(225,000)
(225,000)
(350,000)
(575,000)


Transfer between reserves
-
-
299,845
(299,845)
-
-
-



Total transactions with owners
-
-
299,845
(524,845)
(225,000)
(350,000)
(575,000)



At 31 January 2025
100
66,485
299,845
3,374,612
3,741,042
2,229,612
5,970,654



The notes on pages 19 to 38 form part of these financial statements.

Page 12

 

 
COOMERS GROUP HOLDINGS LIMITED


 

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2024



Called up share capital
Freehold revaluation reserve
Profit and loss account
Equity attributable to Controlling interests
Non-controlling interests
Total equity


£
£
£
£
£
£


At 1 February 2023
100
1,516
2,119,997
2,121,613
1,861,369
3,982,982



Comprehensive income for the year


Profit for the year

-
-
929,040
929,040
464,983
1,394,023


Surplus on revaluation of freehold property
-
56,638
-
56,638
28,347
84,985



Other comprehensive income for the year
-
56,638
-
56,638
28,347
84,985



Total comprehensive income for the year
-
56,638
929,040
985,678
493,330
1,479,008



Contributions by and distributions to owners


Dividends: Equity capital
-
-
(89,560)
(89,560)
(275,000)
(364,560)



Total transactions with owners
-
-
(89,560)
(89,560)
(275,000)
(364,560)



At 31 January 2024
100
58,154
2,959,477
3,017,731
2,079,699
5,097,430



The notes on pages 19 to 38 form part of these financial statements.

Page 13
 
COOMERS GROUP HOLDINGS LIMITED
 

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2025


Called up share capital
Fair value movement reserve
Profit and loss account
Total equity

£
£
£
£

At 1 February 2024
100
-
1,934,186
1,934,286


Comprehensive income for the year

Profit for the year
-
-
639,338
639,338
Total comprehensive income for the year
-
-
639,338
639,338


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(225,000)
(225,000)

Transfer between reserves
-
(150,155)
150,155
-


Total transactions with owners
-
(150,155)
(74,845)
(225,000)


At 31 January 2025
100
(150,155)
2,498,679
2,348,624


The notes on pages 19 to 38 form part of these financial statements.

Page 14

 
COOMERS GROUP HOLDINGS LIMITED
 

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 February 2023
100
1,233,485
1,233,585


Comprehensive income for the year

Profit for the year
-
790,261
790,261
Total comprehensive income for the year
-
790,261
790,261


Contributions by and distributions to owners

Dividends: Equity capital
-
(89,560)
(89,560)


Total transactions with owners
-
(89,560)
(89,560)


At 31 January 2024
100
1,934,186
1,934,286


The notes on pages 19 to 38 form part of these financial statements.

Page 15

 
COOMERS GROUP HOLDINGS LIMITED
 

CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JANUARY 2025

2025
2024
£
£

Cash flows from operating activities

Profit for the financial year
1,435,724
1,394,023

Adjustments for:

Amortisation of intangible assets
78,656
78,656

Depreciation of tangible assets
234,854
260,836

Loss on disposal of tangible assets
12,561
(3,270)

Interest paid
319,173
428,389

Interest received
(80,166)
(57,739)

Taxation charge
504,813
538,217

Decrease in stocks
6,016
125,759

(Increase) in debtors
(85,183)
(117,478)

(Decrease)/increase in creditors
(168,161)
92,715

Net fair value (gains) recognised in P&L
(373,345)
(108,479)

Corporation tax (paid)
(570,981)
(451,260)

Net cash generated from operating activities

1,313,961
2,180,369


Cash flows from investing activities

Purchase of tangible fixed assets
(291,616)
(477,926)

Sale of tangible fixed assets
17,725
50,000

Interest received
80,166
57,739

Net cash from investing activities

(193,725)
(370,187)
Page 16

 
COOMERS GROUP HOLDINGS LIMITED
 

CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025


2025
2024

£
£



Cash flows from financing activities

Repayment of secured loans
(134,247)
(130,554)

Repayment of other loans
(690,000)
(700,000)

Interest paid
(322,533)
(428,389)

Dividends paid
(575,000)
(364,560)

Issue of preference shares
-
75,653

Net cash used in financing activities
(1,721,780)
(1,547,850)

Net (decrease)/increase in cash and cash equivalents
(601,544)
262,332

Cash and cash equivalents at beginning of year
2,028,866
1,766,534

Cash and cash equivalents at the end of year
1,427,322
2,028,866


Cash and cash equivalents at the end of year comprise:

Cash at bank and in hand
1,427,322
2,028,866

1,427,322
2,028,866


The notes on pages 19 to 38 form part of these financial statements.

Page 17

 
COOMERS GROUP HOLDINGS LIMITED
 

CONSOLIDATED ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 31 JANUARY 2025




At 1 February 2024
Cash flows
At 31 January 2025
£

£

£

Cash at bank and in hand

2,028,866

(601,544)

1,427,322

Debt due after 1 year

(1,333,005)

828,604

(504,401)

Debt due within 1 year

(131,154)

(4,357)

(135,511)


564,707
222,703
787,410

The notes on pages 19 to 38 form part of these financial statements.

Page 18

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1.


General information

Coomers Group Holdings Limited (registered number 13062750) is a private company limited by shares. It was incorporated on 4 December 2020 in England & Wales. 
The registered address of the company is 3-5 Woolmer Way, Bordon, Hampshire, GU35 9QE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3).

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.

The financial statements are presented in GBP to whole £s.

The following principal accounting policies have been applied:

 
2.2

Basis of consolidation

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of Financial Position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.

Page 19

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Group has transferred the significant risks and rewards of ownership to the buyer;
the Group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Group will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Group will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 20

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Group in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company and the Group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and
Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 21

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the Group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Consolidated Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Held at residual value
Plant and machinery
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
20% reducing balance
Computer equipment
-
20% reducing balance / 20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 22

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.11

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Group shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Consolidated Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.13

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Consolidated Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.

Page 23

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)

 
2.16

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.17

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.18

Financial instruments

The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Group after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially
Page 24

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

2.Accounting policies (continued)


2.18
Financial instruments (continued)

recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

 
2.19

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the Group's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources.  The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant.  Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision or future periods if the revision affects both current and future periods.
The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Valuation of freehold property:
The directors are aware of movements in commercial property values and compare the carrying value against market data to ensure the carrying value is not materially different from the fair value at the year end.  
Valuation of preference shares:
The market value of the redeemable preference shares is dependent upon estimated future cashflows which are based upon the market value of the freehold properties. The directors have estimated the change in market value over the anticipated redemption period and calculated the net present value of future cashflows using an estimated discount factor based upon current economic conditions. The market value of these preference shares and underlying estimates will be assessed annually. 

Page 25

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

4.


Turnover

An analysis of turnover by class of business is as follows:


2025
2024
£
£

Trading in building materials
14,910,648
15,125,574


2025
2024
£
£

United Kingdom
14,910,648
15,125,574


All turnover arose within the United Kingdom.


5.


Other operating income

2025
2024
£
£

Other operating income
7,798
10,339



6.


Fair value movements

2025
2024
£
£



Property revaluation
73,500
108,479

Preference share liability revaluation
299,845
-

373,345
108,479


7.


Operating profit

The operating profit is stated after charging:

2025
2024
£
£

Depreciation
234,854
260,836

Amortisation
78,656
78,656

Fair value movement
(373,345)
(108,479)

Page 26

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

8.


Auditors' remuneration

During the year, the Group obtained the following services from the Company's auditors:


2025
2024
£
£

Fees payable to the Company's auditors for the audit of the consolidated and parent Company's financial statements
14,000
12,627


9.


Employees

Staff costs, including director's remuneration, were as follows:


Group
Group
2025
2024
£
£


Wages and salaries
2,138,478
2,083,948

Social security costs
218,199
207,880

Cost of defined contribution scheme
101,186
96,785

2,457,863
2,388,613


The average monthly number of employees, including the director, during the year was as follows:


        2025
        2024
            No.
            No.







All employees 
64
65


10.


Director's remuneration

2025
2024
£
£

Director's emoluments
150,984
154,016

Group contributions to defined contribution pension schemes
28,321
23,720

179,305
177,736


During the year retirement benefits were accruing to 1 director (2024 - 1) in respect of defined contribution pension schemes.

Page 27

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

11.


Interest receivable

2025
2024
£
£


Other interest receivable
80,166
57,739


12.


Interest payable and similar expenses

2025
2024
£
£


Bank interest payable
20,156
23,825

Other loan interest payable
28,858
63,254

Other interest payable
270,159
341,310

319,173
428,389


13.


Taxation


2025
2024
£
£

Corporation tax


Current tax on profits for the year
501,191
474,540

Adjustments in respect of previous periods
31,922
-


Total current tax
533,113
474,540

Deferred tax


Origination and reversal of timing differences
(28,300)
63,677

Total deferred tax
(28,300)
63,677


Tax on profit
504,813
538,217
Page 28

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
 
13.Taxation (continued)


Factors affecting tax charge for the year

The tax assessed for the year is higher than (2024 - higher than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:

2025
2024
£
£


Profit on ordinary activities before tax
1,940,537
1,932,240


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)
485,134
483,060

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
3,374
2,999

Capital allowances for year in excess of depreciation
31,901
18,811

Utilisation of tax losses
(12,810)
(3,652)

Goodwill amortisation
19,664
-

Changes in provisions leading to an increase (decrease) in the tax charge
20
(197)

Unrealised gain on preference shares redemption value
(74,961)
-

Unrealised gain on freehold property valuation
(18,375)
(27,120)

Preference share dividends
67,244
85,327

Deferred tax movement
(28,300)
-

Underprovision in prior years
31,922
-

Other differences leading to an increase (decrease) in the tax charge
-
(1,786)

Marginal relief
-
(19,225)

Total tax charge for the year
504,813
538,217


Factors that may affect future tax charges

There were no factors that may affect future tax charges.




14.


Parent company profit for the year

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements. The profit after tax of the parent Company for the year was £639,338 (2024 - £790,261).

Page 29

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

15.


Intangible assets

Group and Company





Goodwill

£



Cost


At 1 February 2024
858,069



At 31 January 2025

858,069



Amortisation


At 1 February 2024
235,968


Charge for the year on owned assets
78,656



At 31 January 2025

314,624



Net book value



At 31 January 2025
543,445



At 31 January 2024
622,101


Goodwill was recognised on the acquisiton of Coomers Limited. 




Page 30

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

16.


Tangible fixed assets

Group






Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment

£
£
£
£
£



Cost or valuation


At 1 February 2024
8,599,999
793,199
1,104,666
497,180
148,460


Additions
158,646
3,375
73,495
28,040
28,060


Disposals
-
(9,008)
(133,125)
(35,951)
(70,141)


Revaluations
86,000
-
-
-
-



At 31 January 2025

8,844,645
787,566
1,045,036
489,269
106,379



Depreciation


At 1 February 2024
-
385,445
607,035
385,679
103,248


Charge for the year on owned assets
-
60,867
134,702
24,994
14,291


Disposals
-
(8,750)
(116,387)
(35,951)
(56,851)



At 31 January 2025

-
437,562
625,350
374,722
60,688



Net book value



At 31 January 2025
8,844,645
350,004
419,686
114,547
45,691



At 31 January 2024
8,599,999
407,754
497,631
111,501
45,212
Page 31

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

           16.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 February 2024
11,143,504


Additions
291,616


Disposals
(248,225)


Revaluations
86,000



At 31 January 2025

11,272,895



Depreciation


At 1 February 2024
1,481,407


Charge for the year on owned assets
234,854


Disposals
(217,939)



At 31 January 2025

1,498,322



Net book value



At 31 January 2025
9,774,573



At 31 January 2024
9,662,097

The freehold properties were revalued on 8 December 2023 by Vail Williams on an open market existing use basis and the properties are restated at that valuation. As at the year end the directors have reviewed the valuation of these properties and based upon current market conditions have adjusted the carrying value accordingly.

If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:

2025
2024
£
£

Group


Cost
9,331,469
9,172,823

Accumulated depreciation
(1,353,312)
(1,241,491)

Net book value
7,978,157
7,931,332

Page 32

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

17.


Fixed asset investments

Group





Trade investments

£





At 1 February 2024
1,300






Net book value



At 31 January 2025
1,300



At 31 January 2024
1,300

Company





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2024
4,543,289



At 31 January 2025
4,543,289






Net book value



At 31 January 2025
4,543,289



At 31 January 2024
4,543,289


Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Coomers Limited
5 Woolmer Way, Bordon, Hampshire, GU35 9QE
Ordinary
66.6%

Page 33

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

18.


Stocks

Group
Group
Company
Company
2025
2024
2025
2024
£
£
£
£

Finished goods and goods for resale
1,662,447
1,668,463
-
-



19.


Debtors

Group
Group
Company
Company
2025
2024
2025
2024
£
£
£
£


Preference shares held
-
-
3,275,598
3,434,593


Group
Group
Company
Company
2025
2024
2025
2024
£
£
£
£


Trade debtors
1,070,181
1,193,510
-
-

Other debtors
564,101
362,999
-
-

Prepayments and accrued income
49,666
42,256
-
-

1,683,948
1,598,765
-
-



20.


Cash and cash equivalents

Group
Group
Company
Company
2025
2024
2025
2024
£
£
£
£

Cash at bank and in hand
1,427,322
2,028,866
7,113
7,121


Page 34

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

21.


Creditors: Amounts falling due within one year

Group
Group
Company
Company
2025
2024
2025
2024
£
£
£
£

Bank loans
135,511
131,154
-
-

Other loans
-
690,000
-
690,000

Payments received on account
28,274
32,078
-
-

Trade creditors
1,062,205
1,216,240
-
-

Amounts owed to group undertakings
-
-
5,470,056
5,353,117

Corporation tax
147,264
185,132
-
-

Other taxation and social security
213,164
198,870
-
-

Other creditors
32,374
65,751
-
3,999

Accruals and deferred income
125,975
117,215
7,320
3,601

1,744,767
2,636,440
5,477,376
6,050,717



22.


Creditors: Amounts falling due after more than one year

Group
Group
2025
2024
£
£

Bank loans
504,401
643,004

Preference shares classed as debt
6,580,325
6,883,530

7,084,726
7,526,534


Preference shares classed as debt:
During 2022, 4,518 preference shares of £1 were issued at nominal value. Dividends are non-discretionary and are to be paid at 4.75% per annum of the market value of three properties owned by the company, after £100,000 has firstly been paid to the ordinary shareholders. The preference shares are redeemable after 10 years at the issuer's discretion, with the redemption price being the market value of the three properties. The preference shares have therefore been recognised as a liability at their fair value. The difference between the transaction price and the fair value has been recognised as a distribution of reserves. The fair value of the preference shares has been determined by the directors estimating change in market value over the anticipated redemption period and calculating the net present value of future cashflows using an estimated discount factor based upon current economic conditions. Subsequent fair value adjustments are recognised through the profit and loss. 
Secured creditors:
The bank loan is secured by the assets of the business.  

Page 35

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

23.


Loans


Analysis of the maturity of loans is given below:


Group
Group
Company
Company
2025
2024
2025
2024
£
£
£
£

Amounts falling due within one year

Bank loans
135,511
131,154
-
-

Other loans
-
690,000
-
690,000


135,511
821,154
-
690,000

Amounts falling due in 1-5 years

Bank loans
504,401
643,005
-
-


639,912
1,464,159
-
690,000



24.


Deferred taxation


Group



2025


£






At beginning of year
321,188


Charged to profit or loss
28,300



At end of year
(292,888)



Page 36

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
 
24.Deferred taxation (continued)

Company


2025






At end of year
-

The provision for deferred taxation is made up as follows:

Group
Group
2025
2024
£
£

Accelerated capital allowances
292,888
321,188


25.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



100 (2024 - 100) Ordinary Share Capital shares of £1.00 each
100
100



26.


Reserves

Revaluation reserve

Includes cumulative unrealised gains recognised on the revaluation of freehold properties less deferred
tax thereon. This is a non-distributable reserve.

Fair value movement reserve

This is the fair value movement on the preference share liability classed as debt. See note 22 the preference share liability is recognised at fair value. 

Profit and loss account

Includes cumulative profits and losses net of other adjustments.

Page 37

 
COOMERS GROUP HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

27.


Capital commitments




At 31 January 2025 the Group and Company had capital commitments as follows:


Group
Group
2025
2024
£
£

Motor vehicles
406,493
-

Plant and Machinery
130,321
-




28.


Pension commitments

The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £105,225 (2024 £96,785). Contributions totalling £12,481 (2024: £12,267) were payable to the fund at the balance sheet date.


29.


Related party transactions

During the year Coomers Limited paid £611,200 (2024: £605,000) of dividends to Coomers Holdings Limited, and £350,000 (2024: £275,000) to shareholders that are non-controlling interests. Coomers Holdings Limited paid £225,000 (2024: £89,556) of dividends to its shareholders.
Coomers Limited has 4,518 preference shares in issue, of which 1,504 are held by Coomers Holdings Limited with the remaining 3,014 to non-controlling interests (NCI's). On which Coomers Limited incurred a £396,030 (2024: £511,965) finance charge within the year, with £132,098 (2024: £170,428) in relation to Coomers Holdings Limited's proportionate ownership and £263,932 (2024: £341,537) to NCIs. At the year end Coomers Limited's liability to Coomers Holdings Limited was £3,275,598 (2024: £3,434,807) and to NCIs was £6,580,325 (2024: £6,883,316).
At the year end Coomers Group Holdings Limited owed Coomers Limited £5,470,056 (2024: £5,353,117).
Key management personnel is the director.


30.


Controlling party

At the time of the audit report, G Coomer is the ultimate controlling party. 

Page 38