REGISTERED NUMBER: 11691545 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

COLDRUM HOMES (TENTERDEN) LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R J Stanton-Gleaves

Mr N V McPartland

REGISTERED OFFICE:

40 High Street

West Malling

Kent

ME19 6QR

REGISTERED NUMBER:

11691545 (England and Wales)

AUDITORS:

Xeinadin Audit Limited, Statutory Auditor

8th Floor, Becket House

36 Old Jewry

London

EC2R 8DD

CURRENT ASSETS

Stocks

3,650,000

5,285,190

Debtors

72,000

43,694

Cash at bank

265

5,644

3,722,265

5,334,528

CREDITORS

Amounts falling due within one year

1,884,824

1,826,342

NET CURRENT ASSETS

1,837,441

3,508,186

TOTAL ASSETS LESS CURRENT LIABILITIES

1,837,441

3,508,186

CREDITORS

Amounts falling due after more than one year

4

2,491,722

3,514,483

NET LIABILITIES

(654,281

)

(6,297

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(654,381

)

(6,397

)

(654,281

)

(6,297

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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:

Mr R J Stanton-Gleaves - Director

1.	STATUTORY INFORMATION

Coldrum Homes (Tenterden) 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.

Going Concern

The financial statements have been prepared on the going concern basis which assumes the company will continue in operational existence for the foreseeable future. The company relies on the continued support of Mr Stanton Gleaves for its day to day funding and funds its working capital requirements through a facility provided by R Stanton Gleaves UK Limited, a company owned by Mr R Stanton Gleaves, that is repayable only at such time as the company is in a position to repay the outstanding loans.

Critical accounting judgements and key sources of estimation uncertainty

Shares in group undertakings

The valuation where material will be based on Director’s assessment with professional assistance.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Stock is measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred relating to site developments to the date of the financial statements, including capitalising interest charges on loans.

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 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.

Borrowing costs

Borrowing costs which are directly attributable to the acquisition, construction or production of a qualifying asset are capitalised.

Financial instruments

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow Group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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

3.	EMPLOYEES AND DIRECTORS

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

4.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2024

2023

£

£

Repayable by instalments

Bank loans

2,491,722

3,514,483

5.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

2,491,722

3,514,483

The bank loan was secured against the land at Beechwood Farm, Ashford Road, Tenterden, Kent, TN30 6HX.

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

The Report of the Auditors was unqualified.

Nicola McGuffie (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited, Statutory Auditor

7.	CONTINGENT LIABILITIES

There were no contingent liabilities at either the beginning or the end of the financial year.

8.	CAPITAL COMMITMENTS

The company had no capital commitments at 31 December 2024 and 31 December 2023.

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption as per paragraph 33.1A of FRS 102 Related Party Disclosures, not to disclose related party transactions with wholly owned subsidiaries within the group.

10.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is R Stanton Gleaves UK Limited by virtue of ownership of the company's entire share capital.