| COLDUNELL FINANCE LIMITED |
| Registered number: |
10439011 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Current assets |
| Debtors |
3 |
|
1,405,998 |
|
|
2,656,694 |
| Cash at bank and in hand |
|
|
31,830 |
|
|
4,598 |
|
|
|
1,437,828 |
|
|
2,661,292 |
|
| Creditors: amounts falling due within one year |
4 |
|
(715,555) |
|
|
(2,143,897) |
|
| Net current assets |
|
|
|
722,273 |
|
|
517,395 |
|
| Net assets |
|
|
|
722,273 |
|
|
517,395 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
722,272 |
|
|
517,394 |
|
| Shareholder's funds |
|
|
|
722,273 |
|
|
517,395 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| D H DUNSDON |
| Director |
| Approved by the board on 30 September 2025 |
|
| COLDUNELL FINANCE LIMITED |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland as modified for small entities by section 1A of the Standard. |
|
|
The company applies the provisions of sections 11 and 12 of FRS 102 to all its financial instruments which are recognised when the company enters into a legally binding contract. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from money-lending and from the rendering of services. Turnover from money-lending comprises loan arrangment fees and interest charged on loans made to customers. |
|
|
Basic financial assets |
|
Basic financial assets which include debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Basic financial liabilities |
|
Basic financial liabilities which include creditors and loans from group companies are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
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, estimations and assumptions about the carrying amounts of assets and lliabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
|
|
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to the accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of revision and future periods where the revision affects both current and future periods. |
|
|
The estimates and assumptions which have a significant risk of causing a material adjustment to the values of assets and liabilities are the carrying amount of loans receivable. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Loans to customers |
1,405,998 |
|
2,656,694 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Loan creditor |
- |
|
250,000 |
|
Amounts owed to parent company |
|
645,283 |
|
1,890,284 |
|
Corporation tax |
68,292 |
|
- |
|
Accrued expenses |
1,980 |
|
3,613 |
|
|
|
|
|
|
715,555 |
|
2,143,897 |
|
|
|
|
|
|
|
|
|
|
The amount due to the parent company is interest-free and is repayable on demand. The amount due to the Loan Creditor, which is a connected company, is also interest-free and repayable on demand. |
|
| 5 |
Controlling party |
|
|
Throughout this and the previous period the company has been under the control of Combined Counties Properties Limited which is under the control of Mr D H Dunsdon. |
|
|
| 6 |
Other information |
|
|
Coldunell Finance Limited is a private company limited by shares and incorporated in England. Its registered office is situated at Coldunell House, Dawes Court, High Street, Esher, KT10 9QD. |
|
|
| 8 |
Parent company and ultimate holding company |
|
|
The company's parent company is Combined Counties Properties Limited and its ultimate holding company is Surrey Hills Trading Limited. Both companies are incorporated in England. |