Company No: 06681763 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	2,965,027		1,959,803
Investment property	4	1,584,774		1,480,055
		4,549,801		3,439,858
Current assets
Stocks	5	467		149,918
Debtors	6	153,094		174,817
Cash at bank and in hand		214,950		304,559
		368,511		629,294
Creditors: amounts falling due within one year	7	( 693,577)		( 795,289)
Net current liabilities		(325,066)		(165,995)
Total assets less current liabilities		4,224,735		3,273,863
Creditors: amounts falling due after more than one year	8	( 1,504,886)		( 793,050)
Provision for liabilities		( 167,172)		( 131,462)
Net assets		2,552,677		2,349,351
Capital and reserves
Called-up share capital		100		100
Profit and loss account		2,552,577		2,349,251
Total shareholders' funds		2,552,677		2,349,351

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Coombe Farm Storage Solutions Limited (registered number: 06681763) were approved and authorised for issue by the Board of Directors on 01 December 2025. They were signed on its behalf by:

M J Vowles Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Coombe Farm Storage Solutions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received for provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and 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;
and specific criteria have been met for each of the company's activities.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery	15 years straight line
Vehicles	25 % reducing balance
Fixtures and fittings	15 % reducing balance
Computer equipment	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials and direct labour. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	7		7

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£		£
Cost
At 01 April 2024	1,419,995		884,219		2,200		114,524		9,755		2,430,693
Additions	990,711		61,106		18,300		0		898		1,071,015
Disposals	0		( 6,815)		0		0		0		( 6,815)
At 31 March 2025	2,410,706		938,510		20,500		114,524		10,653		3,494,893
Accumulated depreciation
At 01 April 2024	0		393,824		1,907		65,990		9,169		470,890
Charge for the financial year	0		57,180		740		7,280		248		65,448
Disposals	0		( 6,472)		0		0		0		( 6,472)
At 31 March 2025	0		444,532		2,647		73,270		9,417		529,866
Net book value
At 31 March 2025	2,410,706		493,978		17,853		41,254		1,236		2,965,027
At 31 March 2024	1,419,995		490,395		293		48,534		586		1,959,803

4. Investment property

	Investment property
	£
Cost
As at 01 April 2024	1,480,055
Additions	104,719
As at 31 March 2025	1,584,774

5. Stocks

	2025		2024
	£		£
Stocks	467		149,918

6. Debtors

	2025		2024
	£		£
Trade debtors	105,954		23,949
Amounts owed by directors	0		19,673
Prepayments	45,471		68,744
Other debtors	1,669		62,451
	153,094		174,817

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	167,771		123,884
Trade creditors	42,522		56,464
Amounts owed to directors	327,798		381
Accruals	10,638		28,698
Taxation and social security	68,622		139,603
Other creditors	76,226		446,259
	693,577		795,289

The bank loans are secured against the assets held by the company.

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	1,504,886		793,050

The bank loans are secured against the assets held by the company.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Bank loans (secured / repayable by instalments)	917,301		360,313

The bank loans are secured against the assets held by the company.

9. Related party transactions

Transactions with the entity's directors

The Directors loan accounts are repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 April 2024, the balance owed by the director was £19,673. During the year, the company made advances to directors amounting to £1,000 and received repayments of £20,673, leaving a balance due from the directors of nil.

At 01 April 2023, the balance owed by the director was nil. During the year, the company made advances to directors amounting to £19,749 and received repayments of £76, leaving a balance due from the directors of £19,673.