Cowbridge Business Park Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09795185

COWBRIDGE BUSINESS PARK LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 September 2025

COWBRIDGE BUSINESS PARK LIMITED

STATEMENT OF FINANCIAL POSITION

30 September 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	1,958,991	1,577,352

Current assets

Stocks		250	250
Debtors	6	71,285	65,231
Cash at bank and in hand		26,581	29,013
		--------	--------
		98,116	94,494

Creditors: amounts falling due within one year	7	( 982,504)	( 615,549)
		---------	---------
Net current liabilities		( 884,388)	( 521,055)
		------------	------------
Total assets less current liabilities		1,074,603	1,056,297

Creditors: amounts falling due after more than one year	8	( 545,342)	( 602,734)

Provisions	( 59,994)	( 68,543)
	------------	------------
Net assets	469,267	385,020
	------------	------------

Capital and reserves

Called up share capital	3	3
Capital redemption reserve	1	1
Profit and loss account	469,263	385,016
	---------	---------
Shareholders funds	469,267	385,020
	---------	---------

These financial statements 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 30 September 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 financial statements 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 financial statements .

COWBRIDGE BUSINESS PARK LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 5 June 2026 , and are signed on behalf of the board by:

R B Sanderson

Director

Company registration number: 09795185

COWBRIDGE BUSINESS PARK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 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 Effemall, Cowbridge, Boston, Lincolnshire, PE22 7DJ, England.

2. Statement of compliance

These financial statements 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 financial statements 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 financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

In the application of the Company's accounting policies, which are described in note 3, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The only key judgement is in relation to the split of the bank debt which is due for repayment in full in September 2026. Management are in discussions with the lender to renew the loan for a further extended period and so have classified the balance due in September 2026 as being due over one year on a true and fair basis. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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 fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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	-	20% reducing balance

Freehold property is not depreciated on the grounds of immateriality. Freehold buildings are subject to regular maintenance and repair such that in the directors opinion the residual value is not materially different from the value in the financial statements. Assets in the course of construction are included at cost. Depreciation on these assets is not charged until they are brought into use.

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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

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.

Financial instruments

The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

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 2 (2024: 2 ).

5. Tangible assets

	Freehold property	Plant and machinery	Construction in progress	Total
	£	£	£	£
Cost
At 1 October 2024	1,244,192	608,837	58,990	1,912,019
Additions	–	28,696	409,069	437,765
Transfers	( 35,535)	–	35,535	–
	------------	---------	---------	------------
At 30 September 2025	1,208,657	637,533	503,594	2,349,784
	------------	---------	---------	------------
Depreciation
At 1 October 2024	–	334,667	–	334,667
Charge for the year	–	56,126	–	56,126
	------------	---------	---------	------------
At 30 September 2025	–	390,793	–	390,793
	------------	---------	---------	------------
Carrying amount
At 30 September 2025	1,208,657	246,740	503,594	1,958,991
	------------	---------	---------	------------
At 30 September 2024	1,244,192	274,170	58,990	1,577,352
	------------	---------	---------	------------

6. Debtors

	2025	2024
	£	£
Trade debtors	57,379	51,672
Other debtors	13,906	13,559
	--------	--------
	71,285	65,231
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	45,058	45,058
Trade creditors	41,966	20,737
Accruals and deferred income	66,922	59,160
Corporation tax	34,598	16,594
Social security and other taxes	4,833	12,281
Obligations under finance leases and hire purchase contracts	32,073	26,451
Director loan accounts	120,491	120,285
Other loans	606,504	285,824
Other creditors	30,059	29,159
	---------	---------
	982,504	615,549
	---------	---------

Bank loans and overdrafts are secured by fixed and floating charges dated 26 January 2016 over all property and assets owned by the company.

Included within other creditors are hire purchase liabilities of £32,073 (2024 - £26,451) which are secured on the assets to which they relate.

The other loan is owed to a related company. It is interest free and there is no fixed date for repayment.

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

	2025	2024
	£	£
Bank loans and overdrafts	520,643	566,166
Other creditors	24,699	36,568
	---------	---------
	545,342	602,734
	---------	---------

Bank loans and overdrafts are secured by fixed and floating charges dated 26 January 2016 over all property and assets owned by the company.

Included within other creditors are hire purchase liabilities of £24,699 (2024 - £36,568) which are secured on the assets to which they relate.

9. Related party transactions

There are interest free loans from the Directors amounting to £120,491 (2024 - £120,285). No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 (Section 1A).

10. Controlling party

The company was under the control of A Cutforth, a Director.