Colne Bar Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03452016 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

COLNE BAR PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C L B Niven

B H Houlihan

SECRETARY:

Miss P D R Niven

REGISTERED OFFICE:

Mere House

Mill Lane

Frensham

Farnham

Surey

GU10 3EB

REGISTERED NUMBER:

03452016 (England and Wales)

ACCOUNTANTS:

Seago and Stopps

Chartered Certified Accountants

61 Station Road

Sudbury

Suffolk

CO10 2SP

FIXED ASSETS

326,890

Tangible assets

4

326,417

110,000

Investments

5

110,000

436,890

436,417

CURRENT ASSETS

202

Debtors

6

212

22,918

Cash at bank

6,724

23,120

6,936

CREDITORS

207,588

Amounts falling due within one year

7

186,104

(184,468

)

NET CURRENT LIABILITIES

(179,168

)

252,422

TOTAL ASSETS LESS CURRENT
LIABILITIES

257,249

359

PROVISIONS FOR LIABILITIES

269

252,063

NET ASSETS

256,980

CAPITAL AND RESERVES

200

Called up share capital

200

163,246

Revaluation reserve

163,246

88,617

Retained earnings

93,534

252,063

SHAREHOLDERS' FUNDS

256,980

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 23 September 2025 and were signed on its behalf by:

C L B Niven - Director

1.	STATUTORY INFORMATION

Colne Bar Properties Limited 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the value of rental income invoiced during the year, and the movement between opening and closing debtors.

Tangible fixed assets

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

Fixtures and fittings - 25% on reducing balance

Plant and equipment - 25% on reducing balance

Freehold property

Freehold property is shown at its most recent valuation. Any surplus/deficit arising from changes in market value are transferred to the revaluation reserve.

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.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Profits or losses arising from the disposals of fixed assets investments are treated as part of the result from ordinary activities.

Financial instruments

The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statemernts such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Fixtures

land and

Plant and

and

Totals

buildings

equipment

fittings

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

337,040

325,000

1,587

10,453

DEPRECIATION

At 1 January 2024

10,150

-

743

9,407

Charge for year

473

-

211

262

At 31 December 2024

10,623

-

954

9,669

NET BOOK VALUE

At 31 December 2024

326,417

325,000

633

784

At 31 December 2023

326,890

325,000

844

1,046

The freehold property was valued at £325,000 by Whybrow and Dodds, Chartered Surveyors, on 24th October 2016, on the basis of open market value. In the opinion of the directors the property still has a market value of £325,000 as at 31st December 2024.

Cost or valuation at 31 December 2024 is represented by:

Freehold

Fixtures

land and

Plant and

and

Totals

buildings

equipment

fittings

£

Valuation in 2002

88,500

-

Valuation in 2008

24,840

-

Valuation in 2010

(35,000

)

(35,000

)

-

Valuation in 2015

91,306

-

Valuation in 2016

(25,000

)

(25,000

)

-

Cost

192,394

180,354

1,587

10,453

337,040

325,000

1,587

10,453

5.	FIXED ASSET INVESTMENTS

Loan -

Seachoice

Employee

Trust

£

At 1 January 2024

and 31 December 2024

110,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Prepayments

212

202

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Taxation and social security

422

251

Other creditors

185,682

207,337

186,104

207,588