Collins Property & Developments Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13400166 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th April 2025

for

Collins Property & Developments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr David Collins

Mrs Claire Collins

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

REGISTERED NUMBER:

13400166 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

120

192

Investment property

5

1,610,000

1,319,578

1,610,120

1,319,770

CURRENT ASSETS

Debtors

6

4,750

-

Cash at bank

3,148

52,616

7,898

52,616

CREDITORS

Amounts falling due within one year

7

3,462

4,117

NET CURRENT ASSETS

4,436

48,499

TOTAL ASSETS LESS CURRENT LIABILITIES

1,614,556

1,368,269

CREDITORS

Amounts falling due after more than one year

8

(1,046,218

)

(913,068

)

PROVISIONS FOR LIABILITIES

(52,765

)

(25,695

)

NET ASSETS

515,573

429,506

CAPITAL AND RESERVES

Called up share capital

9

179,086

Share premium

10

178,986

Fair value reserve

10

155,800

76,942

Retained earnings

10

1,701

(5,508

)

SHAREHOLDERS' FUNDS

515,573

429,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 19th September 2025 and were signed on its behalf by:

Mr David Collins - Director

1.	STATUTORY INFORMATION

Collins Property & Developments 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 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.

Turnover

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

Turnover consists of rents receivable. Revenue is recognised evenly over the rental period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st May 2024

295

Additions

90

Disposals

(195

)

At 30th April 2025

190

DEPRECIATION

At 1st May 2024

103

Charge for year

61

Eliminated on disposal

(94

)

At 30th April 2025

70

NET BOOK VALUE

At 30th April 2025

120

At 30th April 2024

192

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st May 2024

1,319,578

Additions

184,446

Revaluations

105,976

At 30th April 2025

1,610,000

NET BOOK VALUE

At 30th April 2025

1,610,000

At 30th April 2024

1,319,578

Fair value at 30th April 2025 is represented by:

£

Valuation in 2023

60,000

Valuation in 2024

42,589

Valuation in 2025

105,976

Cost

1,401,435

1,610,000

If the investment properties had not been revalued they would have been included at the following historical cost:

30.4.25

30.4.24

£

Cost

1,401,435

1,209,911

The investment properties were valued on an open market basis basis on 30th April 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Directors' current accounts

4,750

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

Trade creditors

186

-

Tax

1,836

-

Directors' current accounts

-

3,110

Accrued expenses

1,440

1,007

3,462

4,117

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

Bank loans - 2-5 years

141,575

Bank loans more 5 yrs non-inst

904,643

771,493

1,046,218

913,068

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

904,643

771,493

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

89,543

Ordinary A

£1

89,543

Ordinary B

£1

89,543

179,086

10.

RESERVES

Fair

Retained

Share

value

earnings

premium

reserve

Totals

£

At 1st May 2024

(5,508

)

178,986

76,942

250,420

Profit for the year

88,768

Dividends

(2,700

)

(2,700

)

Assets revalued in period

(78,859

)

-

78,858

(1

)

At 30th April 2025

1,701

178,986

155,800

336,487

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2025 and 30th April 2024:

30.4.25

30.4.24

£

Mr David Collins

Balance outstanding at start of year

(3,109

)

(82

)

Amounts advanced

12,500

540

Amounts repaid

(4,641

)

(3,567

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

4,750

(3,109

)

The amount of £4,750 will be repaid by the director within 9 months of the year end.