REGISTERED NUMBER: 12556212 (England and Wales)

Unaudited Financial Statements

for the Period 1 May 2024 to 31 January 2025

for

Coleman Development Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Coleman

W Coleman

P J Coleman

Mrs B Coleman

REGISTERED OFFICE:

11 Columbia Road

Ellesmere Port

CH65 8AL

REGISTERED NUMBER:

12556212 (England and Wales)

ACCOUNTANTS:

Graham & Fisher Limited

T/A Grahams

Chartered Accountants

30 Birkenhead Road

Hoylake

Wirral

CH47 3BW

FIXED ASSETS

Tangible assets

4

415

554

Investment property

5

125,000

125,000

125,415

125,554

CURRENT ASSETS

Stocks

195,879

-

Debtors

6

25,707

11,769

Cash at bank and in hand

18,767

292,024

240,353

303,793

CREDITORS

Amounts falling due within one year

7

381,705

396,072

NET CURRENT LIABILITIES

(141,352

)

(92,279

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(15,937

)

33,275

CAPITAL AND RESERVES

Called up share capital

120

120

Fair value reserve

8

6,984

6,984

Retained earnings

(23,041

)

26,171

(15,937

)

33,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 January 2026 and were signed on its behalf by:

P J Coleman - Director

1.	STATUTORY INFORMATION

Coleman Development Ltd 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.

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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period 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 period 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

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

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2024

and 31 January 2025

5,312

DEPRECIATION

At 1 May 2024

4,758

Charge for period

139

At 31 January 2025

4,897

NET BOOK VALUE

At 31 January 2025

415

At 30 April 2024

554

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 31 January 2025

125,000

NET BOOK VALUE

At 31 January 2025

125,000

At 30 April 2024

125,000

Fair value at 31 January 2025 is represented by:

£

Valuation in 2024

6,984

Cost

118,016

125,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

30.4.24

£

£

Other debtors

25,707

11,769

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

30.4.24

£

£

Trade creditors

270

361

Taxation and social security

1,244

714

Other creditors

380,191

394,997

381,705

396,072

8.

RESERVES

Fair

value

reserve

£

At 1 May 2024

and 31 January 2025

6,984

9.	RELATED PARTY DISCLOSURES

Mr P J Coleman is a director of Coleman Developments Ltd and also a director of GMA Assets Limited registered in England and Wales. Transactions are at arms length and are disclosed in the financial statements. As at 31st January 2025 Coleman Developments Ltd was owed by GMA Assets Limited £19,413 (30.04.2024 - £4,700).

There are no employees within GMA Assets Limiited. Coleman Developments Ltd employs staff which are then used by GMA Assets Limited and this is recompensed by way of a management fee each year.

10.	GOING CONCERN

The accounts show that the company was insolvent by £16,057 at the Balance Sheet date. At the year-end the director's current accounts where in excess of the insolvancy amount, the directors have confirmed there continued financial support for the company for the foreseeable future.