Company registration number 01138744 (England and Wales)
COLNE BRIDGE INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 2 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
COLNE BRIDGE INVESTMENTS LIMITED
COMPANY INFORMATION
Directors
V Woolf
Sequent (U.K.) Limited
(Appointed 30 January 2025)
Secretary
V Woolf
Company number
01138744
Registered office
Flat 5
2 Gloucester Gate
London
NW1 4HG
Accountants
Beavis Morgan LLP
82 St John Street
London
EC1M 4JN
COLNE BRIDGE INVESTMENTS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
COLNE BRIDGE INVESTMENTS LIMITED
BALANCE SHEET
AS AT 2 MARCH 2026
02 March 2026
- 1 -
2 March 2026
30 November 2024
Notes
£
£
£
£
Fixed assets
Investment property
4
10,075,042
10,552,580
Current assets
Debtors falling due after one year
5
306,988
329,450
Debtors falling due within one year
5
940,180
690,031
Cash at bank and in hand
683
8
1,247,851
1,019,489
Creditors: amounts falling due within one year
6
(105,414)
(311,383)
Net current assets
1,142,437
708,106
Total assets less current liabilities
11,217,479
11,260,686
Creditors: amounts falling due after more than one year
7
(5,625,880)
(5,595,902)
Provisions for liabilities
(1,226,360)
(1,345,050)
Net assets
4,365,239
4,319,734
Capital and reserves
Called up share capital
9
100,000
100,000
Profit and loss reserves
4,265,239
4,219,734
Total equity
4,365,239
4,319,734

The notes on pages 3 to 7 form part of these financial statements.

COLNE BRIDGE INVESTMENTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 2 MARCH 2026
02 March 2026
- 2 -

For the financial period ended 2 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 8 March 2026 and are signed on its behalf by:
V Woolf
Director
Company registration number 01138744 (England and Wales)
COLNE BRIDGE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 2 MARCH 2026
- 3 -
1
Accounting policies
Company information

Colne Bridge Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is Flat 5, 2 Gloucester Gate, London, NW1 4HG. The nature of the company's operations and its principal activities are that of property investment within the United Kingdom.

1.1
Reporting period

The company has changed its accounting reference date to 28 February to align it with that of its immediate parent company. The company is permitted under the Companies Act 2026 to prepare financial statements to within 7 days of its accounting reference date and has chosen to prepare these financial statements to 2 March 2026, representing a long period of account of just over 15 months. The previous accounting period related to the year ended 30 November 2024 and therefore the comparative amounts presented in these financial statements (including the related notes) are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.3
Going concern

The directors have performed an assessment of the company's ability to continue as a going concern for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements.true

The company generates positive cash flows from its rental activities which are sufficient to satisfy the company’s ongoing administrative and debt service costs, and meet its liabilities as they fall due for payment. Accordingly, the directors consider it appropriate to continue to adopt the going concern basis of preparation for these financial statements.

1.4
Turnover

Turnover represents rental and associated income derived from the investment property in the United Kingdom at invoiced amounts less value added tax. When the company provides incentives to its customers, the cost of incentives are recognised over the lease term, on a straight-line basis, as a reduction of rental income.

1.5

Interest income

Interest income is recognised in profit or loss on a receivable basis.

1.6
Finance costs

Finance costs are charged to profit and loss over the term of the debt so that the amount charged is at a constant rate on the carrying amount. Finance costs include issue costs which, where material, are initially recognised as a reduction in the proceeds of the associated capital instrument.

Interest on borrowings to finance property development is capitalised. Interest is capitalised from the date work starts on the development to the date of practical completion. All borrowing costs which are not capital in nature are recognised in profit or loss in the period in which they are incurred.

COLNE BRIDGE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 2 MARCH 2026
1
Accounting policies
(Continued)
- 4 -
1.7
Taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date except that the recognition of deferred tax assets is limited to the extent that the company anticipates making sufficient taxable profits in the future to absorb the reversal of the underlying timing differences.

Deferred tax balances are not discounted and are determined based on the rates expected to apply at the date of reversal, using tax rates and laws that have been enacted or substantively enacted by the reporting date.

1.8
Investment property

Investment property is carried at fair value and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

1.9
Financial instruments

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than its legal form.

The company's cash at bank and in hand and trade and other debtors and its trade and other creditors are measured initially at the transaction price, including transaction costs, and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are payable or receivable after more than one year are initially measured at fair value, being the discounted cash flows using a market rate of interest, and subsequently at amortised cost using the effective interest method.

2
Judgements and key sources of estimation uncertainty

Accounting policies which have a significant bearing on the reported financial condition and results of the company may require subjective or complex judgements. The principal ongoing area of judgement is the investment property valuation where the opinion of the directors has been obtained at each reporting date using a yield methodology valuation technique. The key input to the valuation at the reporting date was the market capitalisation rate, an increase in which would have caused the valuation to decrease.

Deferred taxation is impacted by the estimation uncertainty arising within the investment property valuation through the timing difference that exists between the valuation and the tax base cost of the properties.

3
Employees and directors

The company had no employees during the current or preceding period, other than the directors who did not receive any remuneration from the company.

COLNE BRIDGE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 2 MARCH 2026
- 5 -
4
Investment property
Freehold
£
Fair value at 1 December 2024
10,900,000
Less lease incentives within debtors
(347,420)
Carring value at 1 December 2024
10,552,580
Unrealised loss on revaluation of investment property
(474,761)
Lease arrangement costs movement
(2,777)
Carrying value at 2 March 2026
10,075,042
Lease incentives debtor
324,958
Fair value at 2 March 2026
10,400,000

Included within the carrying value of investment properties is £4 0,152 (30 November 202 4: £4 2,929) of lease arrangement costs which are being amortised over the contractual lease term.

The historical cost of the freehold investment property is £3,282,312 (30 November 202 4: £3,282,312), which includes all expenses of development including capitalised interest of £105,917 (30 November 202 4: £105,917) on the borrowings drawn down to finance the development.

5
Debtors
2026
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
452
-
0
Amounts owed by group undertakings
921,758
672,061
Lease incentives
17,970
17,970
940,180
690,031
2026
2024
Amounts falling due after more than one year:
£
£
Lease incentives
306,988
329,450
Total debtors
1,247,168
1,019,481
COLNE BRIDGE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 2 MARCH 2026
- 6 -
6
Creditors: amounts falling due within one year
2026
2024
£
£
Trade creditors
1,800
9,000
Amounts owed to group undertakings
-
0
2,100
Corporation tax
-
0
142,916
Other taxation and social security
26,638
72,891
Other creditors
4,412
4,412
Accruals and deferred income
72,564
80,064
105,414
311,383
7
Creditors: amounts falling due after more than one year
2026
2024
£
£
Bank loan (secured - see below)
5,700,000
5,700,000
Unamortised loan issue costs
(74,120)
(104,098)
5,625,880
5,595,902

The bank loan attracts interest at a fixed rate of 3.58% and is secured by a first legal charge on the company's freehold investment property (see note 4) and a floating charge over all the company's assets. It is repayable in full on 29 March 2029.

8
Provision for liabilities and charges

Deferred taxation

The provision for deferred tax is made up as follows:

Liabilities
Liabilities
2026
2024
£
£
Inherent capital gains on property at valuation
1,226,360
1,345,050
2026
Movements in the period:
£
Liability at 1 December 2024
1,345,050
Credit to profit or loss
(118,690)
Liability at 2 March 2026
1,226,360
COLNE BRIDGE INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 2 MARCH 2026
- 7 -
9
Called up share capital
2026
2024
2026
2024
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100,000
100,000
100,000
100,000
10
Operating lease commitments

At the reporting end date the company had future minimum lease payments receivable under non-cancellable operating leases due as follows:

2026
2024
£
£
Within one year
491,114
491,114
Between two and five years
1,964,456
1,964,456
After more than five years
6,422,680
7,036,572
8,878,250
9,492,142
11
Related party transactions

V Woolf is a director of, and has a indirect beneficial ownership interest in, Drumcash Limited and Rosecreek Holdings Limited.

At 2 March 20 2 6 the company was owed £921,758 (30 November 202 4: £672,926) by Drumcash Limited and owed £Nil (30 November 202 4: £2,100) to Rosecreek Holdings Limited.

12
Controlling party

The company's immediate parent undertaking is Drumcash Limited, which is registered in England and Wales and the parent of the smallest and largest group to prepare consolidated financial statements that include the company. A copy of those consolidated financial statements can be obtained from Companies House.

The company's ultimate parent undertaking is Rosecreek Holdings Limited, which is registered in the British Virgin Islands. Rosecreek Holdings Limited is controlled by The Vivienne Woolf Settlement, a trust managed in Switzerland.

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