REGISTERED NUMBER: 14185092 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

COTMER HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A T Oven

Mrs H F Oven

Mr C Oven

Miss H F Oven

REGISTERED OFFICE:

54 Thorpe Road

Norwich

Norfolk

NR1 1RY

REGISTERED NUMBER:

14185092 (England and Wales)

ACCOUNTANTS:

Berry & Warren Ltd

Chartered Accountants

54 Thorpe Road

Norwich

Norfolk

NR1 1RY

FIXED ASSETS

Tangible assets

4

1,755,448

1,718,106

Investments

5

200

100

Investment property

6

669,252

669,252

2,424,900

2,387,458

CURRENT ASSETS

Debtors

7

198,168

109,716

Cash at bank

119,598

102,558

317,766

212,274

CREDITORS

Amounts falling due within one year

8

315,340

406,882

NET CURRENT ASSETS/(LIABILITIES)

2,426

(194,608

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,427,326

2,192,850

CREDITORS

Amounts falling due after more than one year

9

(650,241

)

(703,838

)

PROVISIONS FOR LIABILITIES

(8,520

)

(13,583

)

NET ASSETS

1,768,565

1,475,429

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,768,465

1,475,329

1,768,565

1,475,429

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

Mr A T Oven - Director

1.	STATUTORY INFORMATION

Cotmer Holdings 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.	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 as modified by the revaluation of certain assets.

The directors have considered the company's position at the time of signing the financial statements. After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

Preparation of consolidated financial statements

The financial statements contain information about Cotmer Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The following criteria must also be met before revenue is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property - 2% straight line

Freehold land - not depreciated

Motor Vehicles - 25% reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of income and retained earnings.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Motor

property

vehicles

Totals

£

£

£

COST

At 1 April 2024

1,564,363

194,240

1,758,603

Additions

106,035

-

106,035

At 31 March 2025

1,670,398

194,240

1,864,638

DEPRECIATION

At 1 April 2024

25,882

14,615

40,497

Charge for year

23,787

44,906

68,693

At 31 March 2025

49,669

59,521

109,190

NET BOOK VALUE

At 31 March 2025

1,620,729

134,719

1,755,448

At 31 March 2024

1,538,481

179,625

1,718,106

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

194,240

DEPRECIATION

At 1 April 2024

14,615

Charge for year

44,906

At 31 March 2025

59,521

NET BOOK VALUE

At 31 March 2025

134,719

At 31 March 2024

179,625

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

100

Additions

100

At 31 March 2025

200

NET BOOK VALUE

At 31 March 2025

200

At 31 March 2024

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

669,252

NET BOOK VALUE

At 31 March 2025

669,252

At 31 March 2024

669,252

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

2,100

Cost

667,152

669,252

The 2024 valuation was made by the directors at fair value.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

24,300

24,300

Amounts owed by group undertakings

152,454

-

Other debtors

21,414

85,416

198,168

109,716

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

34,564

30,601

Hire purchase contracts

18,331

18,331

Amounts owed to group undertakings

142,364

266,556

Taxation and social security

89,170

60,414

Other creditors

30,911

30,980

315,340

406,882

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

580,101

615,368

Hire purchase contracts

70,140

88,470

650,241

703,838

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

415,582

466,872

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

614,665

645,969

Hire purchase contracts

88,471

106,801

703,136

752,770

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

Mr A T Oven

Balance outstanding at start of year

84,466

-

Amounts advanced

20,236

84,466

Amounts repaid

(84,466

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

20,236

84,466

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr A T Oven.