REGISTERED NUMBER: 02062383 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

COTSWOLD ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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 ) .

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 .

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

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.

.