Colpin Limited - Limited company accounts 25.1

REGISTERED NUMBER: 09520270 (England and Wales)

Report of the Directors and

Unaudited

Consolidated Financial Statements

for the Year Ended 30th June 2025

for

Colpin Limited

Page

Company Information

1

Report of the Directors

2

Consolidated Income Statement

3

Consolidated Other Comprehensive Income

4

Consolidated Balance Sheet

5

Company Balance Sheet

7

Consolidated Statement of Changes in Equity

9

Company Statement of Changes in Equity

10

Notes to the Consolidated Financial Statements

11

DIRECTORS:

J C Coleman

Ms S Cullingworth

REGISTERED OFFICE:

Essex House

Manor Street

Hull

East Yorkshire

HU1 1YU

REGISTERED NUMBER:

09520270 (England and Wales)

ACCOUNTANTS:

Sadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

BANKERS:

Barclays Bank PLC

Market Place

Town Centre

Leicester

Leicestershire

LE87 2BB

The directors present their report with the financial statements of the company and the group for the year ended 30th June 2025.

DIRECTORS

The directors set out in the table below have held office during the whole of the period from 1st July 2024 to the date of this report unless otherwise stated.

Other changes in directors holding office are as follows:

R D Harpin - resigned 27/9/24

The beneficial interests of the directors holding office at 30th June 2025 in the shares of the company, according to the register of directors' interests, were as follows:

1.7.24

or date of

appointment

30.6.25

if later

Ordinary B shares of £1 each

J C Coleman

50

Ms S Cullingworth - appointed 27/9/24

-

These directors did not hold any beneficial interests in the Ordinary A shares of £1 each.

These directors did not hold any non-beneficial interests in any of the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

J C Coleman - Director

19th September 2025

TURNOVER

835,409

680,802

Cost of sales

368,392

345,194

GROSS PROFIT

467,017

335,608

Administrative expenses

43,994

39,050

OPERATING PROFIT

4

423,023

296,558

Interest payable and similar expenses

311,138

PROFIT/(LOSS) BEFORE TAXATION

111,885

(14,580

)

Tax on profit/(loss)

5

7

-

PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

111,878

(14,580

)

Profit/(loss) attributable to:

Owners of the parent

111,878

(14,580

)

PROFIT/(LOSS) FOR THE YEAR

111,878

(14,580

)

OTHER COMPREHENSIVE INCOME

-

TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

111,878

(14,580

)

Total comprehensive income attributable to:

Owners of the parent

111,878

(14,580

)

FIXED ASSETS

Tangible assets

7

19,283

24,275

Investments

8

-

Investment property

9

8,450,000

8,469,283

8,474,275

CURRENT ASSETS

Debtors

10

313,339

148,927

Cash at bank and in hand

84,924

191,980

398,263

340,907

CREDITORS

Amounts falling due within one year

11

46,642

106,163

NET CURRENT ASSETS

351,621

234,744

TOTAL ASSETS LESS CURRENT
LIABILITIES

8,820,904

8,709,019

CREDITORS

Amounts falling due after more than one year

12

(5,937,750

)

(5,937,750

)

PROVISIONS FOR LIABILITIES

(580,364

)

(580,357

)

NET ASSETS

2,302,790

2,190,912

CAPITAL AND RESERVES

Called up share capital

14

100

Revaluation reserve

15

3,054,516

Retained earnings

(751,826

)

(863,704

)

SHAREHOLDERS' FUNDS

2,302,790

2,190,912

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2025.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 30th June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

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

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:

J C Coleman - Director

FIXED ASSETS

Tangible assets

7

19,254

24,067

Investments

8

100

Investment property

9

2,250,000

2,269,354

2,274,167

CURRENT ASSETS

Debtors

10

1,720,072

1,760,450

Cash at bank

19,212

50,237

1,739,284

1,810,687

CREDITORS

Amounts falling due within one year

11

2,520

55,719

NET CURRENT ASSETS

1,736,764

1,754,968

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,006,118

4,029,135

CREDITORS

Amounts falling due after more than one year

12

5,937,750

NET LIABILITIES

(1,931,632

)

(1,908,615

)

CAPITAL AND RESERVES

Called up share capital

14

100

Retained earnings

(1,931,732

)

(1,908,715

)

SHAREHOLDERS' FUNDS

(1,931,632

)

(1,908,615

)

Company's loss for the financial year

(23,017

)

(207,794

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 in accordance with the provisions applicable to companies subject to the small companies regime.

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:

J C Coleman - Director

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

Balance at 1st July 2023

200

(849,124

)

3,054,516

2,205,592

Changes in equity

Issue of share capital

(100

)

-

(100

)

Total comprehensive income

-

(14,580

)

-

(14,580

)

Balance at 30th June 2024

100

(863,704

)

3,054,516

2,190,912

Changes in equity

Total comprehensive income

-

111,878

-

111,878

Balance at 30th June 2025

100

(751,826

)

3,054,516

2,302,790

Called up

share

Retained

Total

capital

earnings

equity

£

Balance at 1st July 2023

100

(1,700,921

)

(1,700,821

)

Changes in equity

Total comprehensive income

-

(207,794

)

(207,794

)

Balance at 30th June 2024

100

(1,908,715

)

(1,908,615

)

Changes in equity

Total comprehensive income

-

(23,017

)

(23,017

)

Balance at 30th June 2025

100

(1,931,732

)

(1,931,632

)

1.	STATUTORY INFORMATION

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

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost, 20% on reducing balance, 20% on cost and 15% 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 Consolidated 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 - 5 ).

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

Depreciation - owned assets

4,992

6,307

5.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2025

2024

£

Deferred taxation

7

-

Tax on profit/(loss)

7

-

6.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.

7.	TANGIBLE FIXED ASSETS

Group

Plant and

machinery

etc

£

COST

At 1st July 2024

and 30th June 2025

93,210

DEPRECIATION

At 1st July 2024

68,935

Charge for year

4,992

At 30th June 2025

73,927

NET BOOK VALUE

At 30th June 2025

19,283

At 30th June 2024

24,275

Company

Plant and

machinery

etc

£

COST

At 1st July 2024

and 30th June 2025

91,762

DEPRECIATION

At 1st July 2024

67,695

Charge for year

4,813

At 30th June 2025

72,508

NET BOOK VALUE

At 30th June 2025

19,254

At 30th June 2024

24,067

8.	FIXED ASSET INVESTMENTS

Company

Shares in

group

undertakings

£

COST

At 1st July 2024

and 30th June 2025

100

NET BOOK VALUE

At 30th June 2025

100

At 30th June 2024

100

9.	INVESTMENT PROPERTY

Group

Total

£

FAIR VALUE

At 1st July 2024

and 30th June 2025

8,450,000

NET BOOK VALUE

At 30th June 2025

8,450,000

At 30th June 2024

8,450,000

Fair value at 30th June 2025 is represented by:

£

Valuation in 2019

2,466,660

Cost

5,983,340

8,450,000

Company

Total

£

FAIR VALUE

At 1st July 2024

and 30th June 2025

2,250,000

NET BOOK VALUE

At 30th June 2025

2,250,000

At 30th June 2024

2,250,000

Fair value at 30th June 2025 is represented by:

£

Valuation in 2019

(587,855

)

Cost

2,837,855

2,250,000

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

2025

2024

2025

2024

£

Trade debtors

-

29,176

-

600

Amounts owed by group undertakings

-

1,626,859

1,671,859

Amounts owed by associates

188,366

-

Other debtors

100,395

98,423

68,635

66,663

VAT

15,418

14,757

15,418

14,757

Prepayments and accrued income

9,160

6,571

9,160

6,571

313,339

148,927

1,720,072

1,760,450

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

2025

2024

2025

2024

£

Trade creditors

32,572

7,871

90

4,027

Amounts owed to group undertakings

1

-

Other creditors

-

79,700

-

48,529

Accrued expenses

14,069

18,592

2,430

3,163

46,642

106,163

2,520

55,719

12.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group

Company

2025

2024

2025

2024

£

Bank loans more 5 yrs non-inst

5,937,750

Amounts falling due in more than five years:

Group

Company

2025

2024

2025

2024

£

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

5,937,750

13.	SECURED DEBTS

The following secured debts are included within creditors:

Group

Company

2025

2024

2025

2024

£

Bank loans

5,937,750

The above debts are secured by way of a fixed and floating charge over the company's assets.

14.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

50

Ordinary A

£1

50

Ordinary B

£1

50

100

15.

RESERVES

Group

Revaluation

reserve

£

At 1st July 2024

and 30th June 2025

3,054,516