Coln Manor House Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12480352

Coln Manor House Limited

Filleted Unaudited Accounts

31 March 2025

Coln Manor House Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	349	5,725
Investment property	6	3,600,000	3,600,000
		------------	------------
		3,600,349	3,605,725

Current assets

Debtors	7	9,482	25,576
Cash at bank and in hand		89,258	2,694
		--------	--------
		98,740	28,270

Creditors: amounts falling due within one year	8	( 308,770)	( 183,396)
		---------	---------
Net current liabilities		( 210,030)	( 155,126)
		------------	------------
Total assets less current liabilities		3,390,319	3,450,599

Creditors: amounts falling due after more than one year	9	( 2,160,000)	( 2,160,000)

Provisions	( 220,213)	( 203,440)
	------------	------------
Net assets	1,010,106	1,087,159
	------------	------------

Capital and reserves

Called up share capital	200	200
Share premium account	719,900	719,900
Fair value reserve	660,645	610,323
Profit and loss account	( 370,639)	( 243,264)
	------------	------------
Shareholders funds	1,010,106	1,087,159
	------------	------------

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the 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 accounts for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .

Coln Manor House Limited

Statement of Financial Position (continued)

31 March 2025

These accounts were approved by the board of directors and authorised for issue on 19 December 2025 , and are signed on behalf of the board by:

J Hitchcox

Director

Company registration number: 12480352

Coln Manor House Limited

Notes to the Accounts

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Bentinck Street, London, W1U 2FA, England.

2. Statement of compliance

These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The accounts are prepared in sterling, which is the functional currency of the entity.

Going concern

The company is considered a going concern as it has net assets of £1,010,106 and has the support of Yoo Capital Limited, a company related by common ownership and further supported by Simon & Yasmin Le Bon.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Turnover relates to the provision of property rentals and is recognised on an accruals basis.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	33% straight line
Fixtures and fittings	-	33% straight line
Motor vehicles	-	33% straight line

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: Nil).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024 and 31 March 2025	12,565	2,721	14,250	29,536
	--------	-------	--------	--------
Depreciation
At 1 April 2024	8,027	2,326	13,458	23,811
Charge for the year	4,189	395	792	5,376
	--------	-------	--------	--------
At 31 March 2025	12,216	2,721	14,250	29,187
	--------	-------	--------	--------
Carrying amount
At 31 March 2025	349	–	–	349
	--------	-------	--------	--------
At 31 March 2024	4,538	395	792	5,725
	--------	-------	--------	--------

6. Investment property

	Investment property
	£
Cost
At 1 April 2024	3,600,000
Additions	( 67,095)
Revaluations	67,095
	------------
At 31 March 2025	3,600,000
	------------
Impairment
At 1 April 2024 and 31 March 2025	–
	------------

Carrying amount
At 31 March 2025	3,600,000
	------------
At 31 March 2024	3,600,000
	------------

The investment property was valued at fair value by the directors at the year end. The historical cost of the property amounts to £2,719,142.

7. Debtors

	2025	2024
	£	£
Other debtors	9,482	25,576
	-------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	36,991	79,839
Social security and other taxes	26,575	–
Other creditors	245,204	103,557
	---------	---------
	308,770	183,396
	---------	---------

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

	2025	2024
	£	£
Bank loans and overdrafts	2,160,000	2,160,000
	------------	------------

The long term loan is due for repayment in October 2026. The loan is secured via a fixed charge and negative pledge dated 30 October 2020 in favour of SG Kleinwort Hambros Bank Limited against the investment property. The director J Hitchcox has further provided a personal guarantee against the loan.

10. Fair value reserve

The following movements on the fair value reserve are included within fair value reserve in the statement of changes in equity:

	2025	2024
	£	£
At start of year	610,323	–
Movement between fair value reserve and profit and loss account	50,322	610,323
	---------	---------
At end of year	660,645	610,323
	---------	---------

11. Related party transactions

As at 31 March 2025 amounts owed to companies with common ownership with the director J Hitchcox, amounted to £140,358 (2024: £129,636). During the year sales totalling £87,180 (2024:£111,333) and costs charged for various services of £31,741(2024: £146,860) were incurred with these companies. During the year a loan totalling £67,500 was provided by S & Y Le Bon, the loan was still outstanding at 31 March 2025. A joint venture agreement is in place between J. Hitchcox and S & Y Le Bon all of whom are directors of the company.

12. Controlling party

During the prior year a joint venture agreement was signed, therefore there is no controlling party.