REGISTERED NUMBER: 11422565 (England and Wales)

COATES PROPERTY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P V Coates

G P Coates

SECRETARY:

P V Coates

REGISTERED OFFICE:

14 Brunel Way

Segensworth

Fareham

Hampshire

PO15 5TX

REGISTERED NUMBER:

11422565 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Station House

North Street

Havant

Hampshire

PO9 1QU

FIXED ASSETS

Investment property

4

370,233

359,370

CURRENT ASSETS

Debtors

5

700

-

Cash at bank and in hand

4,288

6,520

4,988

6,520

CREDITORS

Amounts falling due within one year

6

98,565

101,114

NET CURRENT LIABILITIES

(93,577

)

(94,594

)

TOTAL ASSETS LESS CURRENT LIABILITIES

276,656

264,776

CREDITORS

Amounts falling due after more than one year

7

(210,130

)

(206,614

)

PROVISIONS FOR LIABILITIES

(11,926

)

(9,835

)

NET ASSETS

54,600

48,327

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

54,500

48,227

SHAREHOLDERS' FUNDS

54,600

48,327

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.

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 15 September 2025 and were signed on its behalf by:

G P Coates - Director

1.	STATUTORY INFORMATION

Coates Property 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Income receivable from properties is recognised in the period in which it falls due and is included in the profit and loss account.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Debtors and cash at bank: Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand includes cash on deposit or in a current account.

Creditors and provisions: Creditors and provisions are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of economic benefits to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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 shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to an deferred tax asset or liability.

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

359,370

Revaluations

10,863

At 31 March 2025

370,233

NET BOOK VALUE

At 31 March 2025

370,233

At 31 March 2024

359,370

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

43,030

Valuation in 2024

(3,692

)

Valuation in 2025

10,863

Cost

320,032

370,233

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

320,032

320,032

Investment property was valued on an open market basis on 31 March 2025 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

700

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

-

1,470

Other creditors

98,565

99,644

98,565

101,114

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

210,130

206,614

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Mortgage

217,124

211,670

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100