Company Registration No. 06785015 (England and Wales)
Coleman & Basinghall Limited
Unaudited accounts
for the year ended 30 September 2025
Coleman & Basinghall Limited
Unaudited accounts
Contents
Coleman & Basinghall Limited
Company Information
for the year ended 30 September 2025
Directors
D Borchard
E Brenden
Company Number
06785015 (England and Wales)
Registered Office
5th Floor Bevis Marks House
24 Bevis Marks
London
EC3A 7JB
United Kingdom
Accountants
Fosters & Gate Consultancy Limited
39 Brim Hill
London
N2 0HA
Coleman & Basinghall Limited
Statement of financial position
as at 30 September 2025
Tangible assets
1,072,307
1,181,379
Investment property
790,339
790,339
Cash at bank and in hand
9,774
17,882
Creditors: amounts falling due within one year
(19,074)
(21,776)
Net current assets
414,145
406,106
Total assets less current liabilities
2,276,791
2,377,824
Provisions for liabilities
Other provisions
(220,382)
(220,382)
Net assets
2,056,409
2,157,442
Called up share capital
101
101
Share premium
1,529,999
1,529,999
Profit and loss account
526,309
627,342
Shareholders' funds
2,056,409
2,157,442
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2026 and were signed on its behalf by
D Borchard
Director
Company Registration No. 06785015
Coleman & Basinghall Limited
Notes to the Accounts
for the year ended 30 September 2025
Coleman & Basinghall Limited is a private company, limited by shares, registered in England and Wales, registration number 06785015. The registered office is 5th Floor Bevis Marks House, 24 Bevis Marks, London, EC3A 7JB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these accounts. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the accounts.
Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company’s accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Coleman & Basinghall Limited
Notes to the Accounts
for the year ended 30 September 2025
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight- line or reducing balance basis over its expected useful life, as below.
Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and its credited or charged to profit or loss.
Land & buildings
25% reducing balance
Plant & machinery
15 years straight line
The company as lessor
Amounts due from lessees under finance leases are recognised as receivable at the amount of the company's net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the company's net investment outstanding in respect of leases.
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an important loss is recognised in the Statement of Income and Retained Earnings as described below.
Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit and loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amount falling due within one year.
Coleman & Basinghall Limited
Notes to the Accounts
for the year ended 30 September 2025
The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans to and from related parties.
Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, including trade and other creditor, accruals and amounts due to related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Equity instruments
Equity instruments issued by the company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the accounts.
Coleman & Basinghall Limited
Notes to the Accounts
for the year ended 30 September 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 October 2024
1,728,186
92,155
1,820,341
At 30 September 2025
1,728,186
92,155
1,820,341
At 1 October 2024
548,378
90,584
638,962
Charge for the year
108,679
393
109,072
At 30 September 2025
657,057
90,977
748,034
At 30 September 2025
1,071,129
1,178
1,072,307
At 30 September 2024
1,179,808
1,571
1,181,379
Investment properties
Included in Land and Building, the freehold building was revalued by directors as at 30 September 2020 at a market value of £1,600,000. The directors do not consider this has changed at as 30 September 2025. At historic cost the carrying value would be £398,464 with accumulated depreciation of £796,948.
Fair value at 1 October 2024
790,339
At 30 September 2025
790,339
The directors consider the market value of the property to be the same as the historical cost.
Amounts falling due within one year
Amounts due from group undertakings etc.
420,000
410,000
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
-
3,450
Other creditors
19,074
18,326
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).