REGISTERED NUMBER: 10573033 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Cole Property Development Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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

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