IRIS Accounts Production v25.3.0.601 02062383 Board of Directors Board of Directors 1.2.24 31.1.25 31.1.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02062383 2024-01-31 02062383 2025-01-31 02062383 2024-02-01 2025-01-31 02062383 2023-01-31 02062383 2023-02-01 2024-01-31 02062383 2024-01-31 02062383 ns15:EnglandWales 2024-02-01 2025-01-31 02062383 ns14:PoundSterling 2024-02-01 2025-01-31 02062383 ns10:Director1 2024-02-01 2025-01-31 02062383 ns10:Director2 2024-02-01 2025-01-31 02062383 ns10:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 02062383 ns10:SmallEntities 2024-02-01 2025-01-31 02062383 ns10:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 02062383 ns10:SmallCompaniesRegimeForDirectorsReport 2024-02-01 2025-01-31 02062383 ns10:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 02062383 ns10:FullAccounts 2024-02-01 2025-01-31 02062383 ns10:Director3 2024-02-01 2025-01-31 02062383 ns10:CompanySecretary1 2024-02-01 2025-01-31 02062383 ns10:RegisteredOffice 2024-02-01 2025-01-31 02062383 ns5:CurrentFinancialInstruments 2025-01-31 02062383 ns5:CurrentFinancialInstruments 2024-01-31 02062383 ns5:Non-currentFinancialInstruments 2025-01-31 02062383 ns5:Non-currentFinancialInstruments 2024-01-31 02062383 ns5:ShareCapital 2025-01-31 02062383 ns5:ShareCapital 2024-01-31 02062383 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-01-31 02062383 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-01-31 02062383 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 02062383 ns5:RetainedEarningsAccumulatedLosses 2024-01-31 02062383 1 2024-02-01 2025-01-31 02062383 ns5:PlantMachinery 2024-02-01 2025-01-31 02062383 ns5:FurnitureFittings 2024-02-01 2025-01-31 02062383 ns5:MotorVehicles 2024-02-01 2025-01-31 02062383 ns5:LandBuildings 2024-01-31 02062383 ns5:PlantMachinery 2024-01-31 02062383 ns5:FurnitureFittings 2024-01-31 02062383 ns5:MotorVehicles 2024-01-31 02062383 ns5:LandBuildings 2024-02-01 2025-01-31 02062383 ns5:LandBuildings 2025-01-31 02062383 ns5:PlantMachinery 2025-01-31 02062383 ns5:FurnitureFittings 2025-01-31 02062383 ns5:MotorVehicles 2025-01-31 02062383 ns5:LandBuildings 2024-01-31 02062383 ns5:PlantMachinery 2024-01-31 02062383 ns5:FurnitureFittings 2024-01-31 02062383 ns5:MotorVehicles 2024-01-31 02062383 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2024-01-31 02062383 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2024-02-01 2025-01-31 02062383 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2025-01-31 02062383 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2024-01-31 02062383 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-01-31 02062383 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-01-31 02062383 ns5:DeferredTaxation 2024-01-31 02062383 ns5:DeferredTaxation 2024-02-01 2025-01-31 02062383 ns5:DeferredTaxation 2025-01-31 02062383 ns5:RetainedEarningsAccumulatedLosses 2024-01-31 02062383 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-01-31 02062383 ns5:RetainedEarningsAccumulatedLosses 2024-02-01 2025-01-31

REGISTERED NUMBER: 02062383 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

COTSWOLD ESTATES LIMITED

COTSWOLD ESTATES LIMITED (REGISTERED NUMBER: 02062383) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| COTSWOLD ESTATES LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JANUARY 2025

| DIRECTORS: | D R England

| S J England

| Mrs S Paice

| SECRETARY: | Mrs S M England

| REGISTERED OFFICE: | High Cross Building

| Lancaster Road

| Hinckley

| Leicestershire

| LE10 0AW

| REGISTERED NUMBER: | 02062383 (England and Wales)

| ACCOUNTANTS: | PWH Accountancy Ltd

| The Counting House

| High Street

| Lutterworth

| Leicestershire

| LE17 4AY

COTSWOLD ESTATES LIMITED (REGISTERED NUMBER: 02062383) |

BALANCE SHEET

31 JANUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 1,219,844 |  | 1,263,602 |  |

CURRENT ASSETS

Debtors | 6 | 166,251 |  | 1,707 |  |

Cash at bank | 819,310 |  | 964,424 |  |

985,561 |  | 966,131 |  |

CREDITORS

Amounts falling due within one year | 7 | 252,315 |  | 299,548 |  |

NET CURRENT ASSETS | 733,246 |  | 666,583 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,953,090 |  | 1,930,185 |  |

CREDITORS

Amounts falling due after more than one year | 8 | - |  | (3,866 | ) |

PROVISIONS FOR LIABILITIES | 9 | (36,559 | ) | (47,499 | ) |

NET ASSETS | 1,916,531 |  | 1,878,820 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 500 |  | 500 |  |

Other reserves | 11 | 347,829 |  | 347,829 |  |

Retained earnings | 11 | 1,568,202 |  | 1,530,491 |  |

SHAREHOLDERS' FUNDS | 1,916,531 |  | 1,878,820 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

COTSWOLD ESTATES LIMITED (REGISTERED NUMBER: 02062383) |

BALANCE SHEET - continued

31 JANUARY 2025

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 14 October 2025 and were signed on its behalf by:

Mrs S Paice - Director

S J England - Director

COTSWOLD ESTATES LIMITED (REGISTERED NUMBER: 02062383) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1. | STATUTORY INFORMATION

| Cotswold Estates 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. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Critical accounting judgements and key sources of estimation uncertainty

| In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant, Actual results may differ from these estimates.

| Turnover

| Revenue comprises the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Revenue is shown net of VAT and trade discounts.

| The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity . The amount of revenue is not considered to be reliably measurable until all contingencies relating to the sale have been resolved. The company bases its estimates on historical results, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery | - | Straight line over 50 years

| Fixtures and fittings | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Financial instruments

| Financial assets

| Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

| Financial liabilities

| The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.

| Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.

COTSWOLD ESTATES LIMITED (REGISTERED NUMBER: 02062383) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

3. | ACCOUNTING POLICIES - continued

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Rental income

| Rental income is accounted for on a receivable basis and, therefore, no adjustment is made for rental income received in advance.

| Bank interest

| On new developments bank interest is capitalised up to the date the whole development is available for letting, after which date the interest is charged to Profit and Loss Account.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

COTSWOLD ESTATES LIMITED (REGISTERED NUMBER: 02062383) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | Plant and |  | and |  | Motor |

| property |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST OR VALUATION

| At 1 February 2024 | 1,073,611 |  | 12,500 |  | 279,069 |  | 25,938 |  | 1,391,118 |  |

| Additions | - |  | - |  | 6,129 |  | - |  | 6,129 |  |

| Disposals | - |  | (12,500 | ) | - |  | (20,700 | ) | (33,200 | ) |

| At 31 January 2025 | 1,073,611 |  | - |  | 285,198 |  | 5,238 |  | 1,364,047 |  |

| DEPRECIATION

| At 1 February 2024 | - |  | 4,296 |  | 114,111 |  | 9,109 |  | 127,516 |  |

| Charge for year | - |  | 1,709 |  | 25,509 |  | 3,542 |  | 30,760 |  |

| Eliminated on disposal | - |  | (6,005 | ) | - |  | (8,068 | ) | (14,073 | ) |

| At 31 January 2025 | - |  | - |  | 139,620 |  | 4,583 |  | 144,203 |  |

| NET BOOK VALUE

| At 31 January 2025 | 1,073,611 |  | - |  | 145,578 |  | 655 |  | 1,219,844 |  |

| At 31 January 2024 | 1,073,611 |  | 8,204 |  | 164,958 |  | 16,829 |  | 1,263,602 |  |

| Cost or valuation at 31 January 2025 is represented by:

| Fixtures |

| Freehold |  | and |  | Motor |

| property |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| Valuation in 2025 | 1,073,611 |  | 285,198 |  | 5,238 |  | 1,364,047 |  |

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

2025 | 2024 |

£ | £ |

| Cost | 705,782 |  | 705,782 |  |

| Freehold property was valued on an open market basis on 31 January 2025 by the directors .

COTSWOLD ESTATES LIMITED (REGISTERED NUMBER: 02062383) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

5. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST OR VALUATION

| At 1 February 2024 | 20,700 |  |

| Disposals | (20,700 | ) |

| At 31 January 2025 | - |  |

| DEPRECIATION

| At 1 February 2024 | 4,744 |  |

| Charge for year | 3,324 |  |

| Eliminated on disposal | (8,068 | ) |

| At 31 January 2025 | - |  |

| NET BOOK VALUE

| At 31 January 2025 | - |  |

| At 31 January 2024 | 15,956 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Amounts owed by group undertakings | 25,200 |  | - |  |

| Other debtors | 139,884 |  | - |  |

| Prepayments | 1,167 |  | 1,707 |  |

166,251 |  | 1,707 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | - |  | 3,565 |  |

| Trade creditors | 27,750 |  | 29,804 |  |

| Amounts owed to group undertakings | 12,000 |  | - |  |

| Tax | 7,306 |  | 16,672 |  |

| Social security and other taxes | 2,562 |  | - |  |

| VAT | 20,895 |  | 13,912 |  |

| Accrued expenses | 181,802 |  | 235,595 |  |

252,315 |  | 299,548 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | - |  | 3,866 |  |

COTSWOLD ESTATES LIMITED (REGISTERED NUMBER: 02062383) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

9. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 36,559 |  | 47,499 |  |

| Deferred |

| tax |

£ |

| Balance at 1 February 2024 | 47,499 |  |

| Credit to Income Statement during year | (10,940 | ) |

| Balance at 31 January 2025 | 36,559 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted issued and fully paid:

| nominal 2023 2022

| Number Class value £ £

| 500 Ordinary £1 500 500

11. | RESERVES

| Retained |  | Other |

| earnings |  | reserves |  | Totals

£ | £ | £ |

| At 1 February 2024 | 1,530,491 |  | 347,829 |  | 1,878,320 |  |

| Profit for the year | 58,111 |  | 58,111 |  |

| Dividends | (20,400 | ) | (20,400 | ) |

| At 31 January 2025 | 1,568,202 |  | 347,829 |  | 1,916,031 |  |

12. | ULTIMATE CONTROLLING PARTY

| At 31 January 2025, the company was a wholly-owned subsidiary of DRE Group Limited.

| The ultimate controlling party was Mr D R England by reason of his controlling interest in the shares of the parent company.

| Included in debtors on the balance sheet is a loan to Mr D R England of £139,864 (2024 nil). This loan was repaid in full after the year end.

| .