| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| Combellack Properties Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| Combellack Properties Limited |
| Combellack Properties Limited (Registered number: 05554902) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Combellack Properties Limited |
| Company Information |
| for the Year Ended 31 March 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 4 Yorke Street |
| Hucknall |
| Nottinghamshire |
| NG15 7BT |
| Combellack Properties Limited (Registered number: 05554902) |
| Balance Sheet |
| 31 March 2025 |
| 31.3.25 | 31.3.24 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Non-Distributable Reserves | 11 |
| Retained earnings | 11 |
| SHAREHOLDERS' FUNDS |
| 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. |
| Combellack Properties Limited (Registered number: 05554902) |
| Balance Sheet - continued |
| 31 March 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Combellack Properties Limited (Registered number: 05554902) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Combellack Properties Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| 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. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2024 - NIL). |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2024 |
| Additions |
| Revaluations |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| Combellack Properties Limited (Registered number: 05554902) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 4. | INVESTMENT PROPERTY - continued |
| Fair value at 31 March 2025 is represented by: |
| £ |
| Valuation in 2019 | 305,371 |
| Valuation in 2020 | 62,543 |
| Valuation in 2021 | 280,568 |
| Valuation in 2022 | 181,632 |
| Valuation in 2023 | (185,027 | ) |
| Valuation in 2024 | 132,635 |
| Valuation in 2025 | 55,000 |
| Cost | 3,297,278 |
| 4,130,000 |
| If the investment properties had not been revalued they would have been included at the following historical cost: |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Cost | 3,297,278 | 2,397,278 |
| Investment property was valued on an open market basis on 31 March 2025 by the directors. . |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Other debtors |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Bank loans and overdrafts |
| Amounts owed to group undertakings |
| Other creditors |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans to be repaid |
| between 2 & 5 years by |
| instalments |
| Bank loans to be repaid after |
| 5 years by instalments |
| Bank loans more 5 yrs non-inst | 2,098,299 | 1,905,214 |
| Combellack Properties Limited (Registered number: 05554902) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst | 2,098,299 | 1,905,214 |
| Repayable by instalments |
| Bank loans to be repaid after |
| 5 years by instalments | 513,341 | 214,138 |
| 513,341 | 214,138 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Bank loans |
| Loans are secured against each investment property to which each loan relates. |
| 9. | PROVISIONS FOR LIABILITIES |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Deferred tax | 158,217 | 147,767 |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2024 |
| Provided during year |
| Balance at 31 March 2025 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.25 | 31.3.24 |
| value: | £ | £ |
| Ordinary | £1 | 1 | 1 |
| Combellack Properties Limited (Registered number: 05554902) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 11. | RESERVES |
| Retained | Non-Distributable |
| earnings | Reserves | Totals |
| £ | £ | £ |
| At 1 April 2024 | 787,296 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Revalue investment properties | (44,550 | ) | 44,550 | - |
| At 31 March 2025 | 795,344 |
| 12. | RELATED PARTY DISCLOSURES |
| Included within other debtors and creditors are various amounts owed to/from related parties as detailed below: |
| Description | Amount Owed | Amount Owed |
| By Company | To Company |
| £ | £ |
| M & P Combellack | 734,441 |
| Harry J Combellack & Sons | 110,941 |
| Combellack Limited | 64,666 |
| M & P Combellack is a rental property business which is owned equally by the directors. |
| Harry J Combellack & Sons is a business in which the directors are both partners. |
| Combellack Limited is a company of which the directors and their wives are directors. |