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REGISTERED NUMBER: 10573033 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Cole Property Development Ltd

Cole Property Development Ltd (Registered number: 10573033)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Cole Property Development Ltd

Company Information

for the Year Ended 31 March 2025

| DIRECTOR: | N Cole

| REGISTERED OFFICE: | 33 Westlands Road

| Sproatley

| Hull

| East Yorkshire

| HU11 4XA

| REGISTERED NUMBER: | 10573033 (England and Wales)

| ACCOUNTANTS: | C. Hart & Company (Hull) Limited

| 74 Kenilworth Avenue

| Hull

| HU5 4BH

Cole Property Development Ltd (Registered number: 10573033)

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 10,247 |  | 15,371 |  |

CURRENT ASSETS

Stocks | 20,633 |  | 17,533 |  |

Debtors | 5 | 69,070 |  | 31,488 |  |

Cash at bank and in hand | 606 |  | 31,674 |  |

90,309 |  | 80,695 |  |

CREDITORS

Amounts falling due within one year | 6 | 30,497 |  | 16,580 |  |

NET CURRENT ASSETS | 59,812 |  | 64,115 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 70,059 |  | 79,486 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (68,110 | ) | (78,083 | ) |

PROVISIONS FOR LIABILITIES | (1,947 | ) | (1,921 | ) |

NET ASSETS/(LIABILITIES) | 2 |  | (518 | ) |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | - |  | (520 | ) |

SHAREHOLDERS' FUNDS | 2 |  | (518 | ) |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Cole Property Development Ltd (Registered number: 10573033)

Balance Sheet - continued

31 March 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 director and authorised for issue on 4 November 2025 and were signed by:

N Cole - Director

Cole Property Development Ltd (Registered number: 10573033)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Cole Property Development 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.

| 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 | - | 25% on reducing balance

| Stocks

| Work in progress is valued at the lower of cost and net realisable value.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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.

| 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.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cole Property Development Ltd (Registered number: 10573033)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Motor

| vehicles

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 30,445 |  |

| DEPRECIATION

| At 1 April 2024 | 15,074 |  |

| Charge for year | 5,124 |  |

| At 31 March 2025 | 20,198 |  |

| NET BOOK VALUE

| At 31 March 2025 | 10,247 |  |

| At 31 March 2024 | 15,371 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 1,823 |  | 17,166 |  |

| Other debtors | 40,000 |  | - |  |

| Directors' current accounts | 22,747 |  | 14,322 |  |

| Prepayments | 4,500 |  | - |  |

69,070 |  | 31,488 |  |

Cole Property Development Ltd (Registered number: 10573033)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts | 11,434 |  | 3,867 |  |

| Hire purchase contracts | 5,630 |  | 5,630 |  |

| Trade creditors | 330 |  | 144 |  |

| Tax | 5,158 |  | - |  |

| Social security and other taxes | - |  | 3,584 |  |

| VAT | 5,945 |  | 2,355 |  |

| Accrued expenses | 2,000 |  | 1,000 |  |

30,497 |  | 16,580 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans - 1-2 years | 655 |  | 3,964 |  |

| Bank loans - 2-5 years | - |  | 655 |  |

| Other loans more 5yrs non-inst | 55,000 |  | 55,000 |  |

| Hire purchase contracts | 12,455 |  | 18,464 |  |

68,110 |  | 78,083 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Other loans more 5yrs non-inst | 55,000 |  | 55,000 |  |

8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

| 31.3.25 |  | 31.3.24

£ | £ |

| N Cole

| Balance outstanding at start of year | 14,322 |  | - |  |

| Amounts advanced | 53,787 |  | 14,322 |  |

| Amounts repaid | (45,363 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 22,746 |  | 14,322 |  |