Collineige Limited - Filleted accounts

Registered number

01522630

Collineige Limited

Unaudited Filleted Accounts

30 April 2025

Collineige Limited
Registered number:		01522630
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		35,575			28,628

Current assets
Debtors	4	631,887			489,376
Cash at bank and in hand		972			611
		632,859			489,987

Creditors: amounts falling due within one year	5	(502,915)			(365,647)

Net current assets			129,944			124,340

Total assets less current liabilities			165,519			152,968

Creditors: amounts falling due after more than one year	6		(19,461)			(12,500)

Provisions for liabilities			(8,894)			(7,157)


Net assets			137,164			133,311

Capital and reserves
Called up share capital			30,000			30,000
Profit and loss account			107,164			103,311

Shareholders' funds			137,164			133,311

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Ms A M J Savage
Director
Approved by the board on 17 July 2025

Collineige Limited
Notes to the Accounts
for the year ended 30 April 2025


1	Accounting policies

	Basis of preparation
	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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is recognised on the date of departure basis.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office equipment			4 years straight line
	Chalet equipment			4 years straight line
	Website			3 years straight line
	Antique furniture			20 years straight line

	Going concern
	The directors continue to constantly review the Company’s financial position as well as forecasts, and plan mitigation actions in order to neutralise the potential financial impact from any significant downturn in trading. Based on the above and the sensitised forecasts and budgets, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, being at least the following 12 months from the signing of these financial statements. In keeping with that, the directors will take all reasonably commercial steps, including seeking further financing or support if required, to secure the Company's ability to continue as a going concern. As a result, the directors believe that it is still appropriate to apply the going concern basis for the foreseeable future.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					10		7


3	Tangible fixed assets
								Plant and machinery etc
£
	Cost
	At 1 May 2024							415,960
	Additions							21,382
	At 30 April 2025							437,342

	Depreciation
	At 1 May 2024							387,332
	Charge for the year							14,435
	At 30 April 2025							401,767

	Net book value
	At 30 April 2025							35,575
	At 30 April 2024							28,628


4	Debtors					2025		2024
£							£

	Trade debtors					590,414		468,039
	Other debtors					41,473		21,337
						631,887		489,376


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					60,378		57,267
	Trade creditors					32,091		34,787
	Directors' loans					222,148		176,321
	Taxation and social security costs					6,916		7,848
	Other creditors					181,382		89,424
						502,915		365,647


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					19,461		12,500

	The above bank loans includes a UK government-backed loan under the Bounce Back Loan Scheme ('BBLS'), which benefits from a capital repayment holiday of 12 months, after which the loan is due to be repaid through 60 monthly instalments ending in July 2026. The applicable interest rate will be fixed at 2.50%. In addition, to the 12 month capital repayment holiday, the loan benefits from a Busines Interruption Payment ('BIP') made by the UK Government on behalf of the Company to cover interest arising on the BBLS loan for the first 12 months. The above bank loans also include a business development loan from Banque Populaire. The applicable interest rate will be fixed at 4.15% and the loan is due to be repair through 48 monthly instalments ending in November 2028.


7	Other financial commitments					2025		2024
£							£

	Total future minimum payments under non-cancellable operating leases					457,863		583,905


8	Loans from directors
	Description and conditions	B/fwd	Loaned		Repaid		C/fwd
£			£		£		£
	Ms C D Gerrand
	Loan	(23,132)		(19,732)		25,316		(17,548)

	Ms A M J Savage
	Loan	(153,189)		(55,000)		3,589		(204,600)

		(176,321)		(74,732)		28,905		(222,148)


9	Related party transactions					2025		2024
£							£

	Key management personnel compensation
	Total remuneration of directors, including salaries and other benefits:					29,948		29,304

	Ms C D Gerrand and Ms A M J Savage
	Both are directors of the company.
	With effect from 1 January 1999, the company has rented the chalet accommodation owned by the two directors.
	Rentals paid to the related parties:					167,363		135,079

	Ms C D Gerrand and Ms A M J Savage
	Both are directors of the company.
	Guarantees provided by the related parties, limited to £20,000, to part-secure the company's overdraft facility.

	Tilley International Limited
	A company in which Ms P Torr, a shareholder, is also a company director. Ms P Torr holds share capital in both companies.
	Rent and office servicing fees charged by the related party:					458		4,333
	Amount due to the related party:					(550)		(3,952)

	SCI Colimarsh
	Ms C D Gerrand, a director, is also a director of this company.
	Loan from the related party which is unsecured and has no fixed repayment date.
	Interest paid to the related party:					-		-
	Amount due to the related party:					(2,679)		(3,416)

	SCI Arve Vallee
	Ms C D Gerrand and Ms A M J Savage, the directors, are also directors of this company.
	Loan to the related party which is unsecured, incurs interest at 0.50% per annum and is due to be repaid upon the sale of the company's rental property.
	Interest received from the related party:					2,283		1,676
	Rental deposit paid to the related party:					127,599		128,072
	Amount due from the related party:					458,788		336,929

	SCI Les Mazots
	Ms C D Gerrand, a director, is also a director of this company.
	Loan from the related party which is unsecured and has no fixed repayment date.
	Interest paid to the related party:					-		-
	Amount due to the related party:					(2,182)		(1,972)


10	Controlling party

	The ultimate controlling party of the company is Ms C D Gerrand, one of the directors, by virtue of her ownership of 55% of the issued share capital of the Company.


11	Other information

	Collineige Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The Galloway Barn
	1-2 Home Farm, Loseley Park
	Guildford
	Surrey
	GU3 1HS