General Information
Coypu Property Company Limited is a private company, limited by shares, registered in England and Wales, registration number 00767079, registration address 2 Clarendon Road, Ashford, Middlesex, TW15 2QE.
| 1. |
Accounting policies
Significant accounting policies
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 applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting 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 reporting date 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.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Fixtures and Fittings |
20% Straight Line
|
|
| 2. |
Average number of employees
Average number of employees during the year was 1 (2024 : 1).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Investment properties |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 April 2024 |
18,876 |
|
2,150,000 |
|
2,168,876 |
| Additions |
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
| At 31 March 2025 |
18,876 |
|
2,150,000 |
|
2,168,876 |
| Depreciation |
| At 01 April 2024 |
18,677 |
|
- |
|
18,677 |
| Charge for year |
199 |
|
- |
|
199 |
| On disposals |
- |
|
- |
|
- |
| At 31 March 2025 |
18,876 |
|
- |
|
18,876 |
| Net book values |
| Closing balance as at 31 March 2025 |
- |
|
2,150,000 |
|
2,150,000 |
| Opening balance as at 01 April 2024 |
199 |
|
2,150,000 |
|
2,150,199 |
The property disclosed as land and buildings above is considered to be investment property and is shown at valuation.
Cost or valuation at 31 March 2025 is represented by:
| Details |
|
Land and Buildings
£ |
|
Fixtures & Fittings
£ |
|
Total
£ |
| Valuation in 2007 |
|
281,954 |
|
1,007,780 |
|
281,954 |
| Valuation in 2011 |
|
125,000 |
|
- |
|
125,000 |
| Valuation in 2014 |
|
735,266 |
|
- |
|
735,266 |
| Valuation in 2017 |
|
130,000 |
|
- |
|
130,000 |
| Valuation in 2021 |
|
(130,000) |
|
- |
|
(130,000) |
| Cost |
|
1,007,780 |
|
18,876 |
|
1,026,656 |
|
|
2,150,000 |
|
1,026,656 |
|
2,168,876 |
If Leasehold properties had not been revalued they would have been included at the historical cost of £1,007,780 (2024 £1,007,780). Leasehold land and buildings were valued on an open market basis basis on 2 August 2021 by Marsh & Parsons. The property was valued by Marsh & Parsons, Valuers and Surveyors, on 2nd August 2021 in the amount of £2,150,000. In the directors opinion there has been no material change in the carrying value of Investment Property since that valuation.
|
| 4. |
Fair Value Reserves
|
2025
£ |
|
2024
£ |
| Fair Value Reserve b/fwd |
1,117,567 |
|
1,117,567 |
|
1,117,567 |
|
1,117,567 |
|
| 5. |
Ultimate Controlling Party
The company's ultimate controlling party is Mrs A O Maxwell who owns 100% of the issued share capital.
|
3
|