COPPER ASHTON PROPERTIES LIMITED


Directors	VAUGHAN, David Robin
	VAUGHAN, Susanne Elizabeth


Registered Address	119 Weston Road
	Bristol
	BS41 9AE


Registered Number	11978245 (England and Wales)

Notes to the Financial Statements
for the year ended 30 September 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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).

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	Turnover is recognised at the fair value of the consideration received or receivable for rents provided in the normal course of business. The fair value of consideration takes into account any lease premiums or rent free periods, which are recognised on a straight line basis over the lease term. Revenue from the provision of properly rental is recognised by reference to the period of its occupancy and where the amount of rent can be measured reliably.

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for rents provided in the normal course of business. The fair value of consideration takes into account any lease premiums or rent free periods, which are recognised on a straight line basis over the lease term.

Revenue from the provision of properly rental is recognised by reference to the period of its occupancy and where the amount of rent can be measured reliably.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Current taxation
	Current tax, where applicable, is recognised in profit or loss. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax, where applicable, is recognised in profit or loss.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	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.

Deferred tax

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.

	Investment property
	Investment property is held to earn rentals and/or for capital appreciation. 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 the reporting end date. Changes in fair value are recognised in the profit and loss account for the period and transferred to the fair value reserve at the reporting date. Fair value is determined by the directors having regard to available market evidence, including comparable property transactions, rental income, investment yields and other relevant market data. External valuations are not obtained annually.

Investment property

Investment property is held to earn rentals and/or for capital appreciation.

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 the reporting end date. Changes in fair value are recognised in the profit and loss account for the period and transferred to the fair value reserve at the reporting date.

Fair value is determined by the directors having regard to available market evidence, including comparable property transactions, rental income, investment yields and other relevant market data. External valuations are not obtained annually.

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Where the arrangment constitutes a financing transaction, the transaction is measured at the present value of future receipts discounted at the market rate of interest.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Where the arrangment constitutes a financing transaction, the transaction is measured at the present value of future receipts discounted at the market rate of interest.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Investment property
	The investment properties were revalued by the directors as at 30 September 2025. The directors assessed fair value having regard to the nature, location and condition of each property together with available market evidence, including comparable sales data, rental yields and prevailing market conditions at the reporting date. The directors consider that the carrying value of the investment properties represents a reasonable estimate of their fair value as at 30 September 2025. No external independent valuations were obtained during the year.

Investment property

The investment properties were revalued by the directors as at 30 September 2025.

The directors assessed fair value having regard to the nature, location and condition of each property together with available market evidence, including comparable sales data, rental yields and prevailing market conditions at the reporting date.

The directors consider that the carrying value of the investment properties represents a reasonable estimate of their fair value as at 30 September 2025.

No external independent valuations were obtained during the year.


		£
	Fair value at 01 October 24	1,810,603
	Fair value adjustments	63,897
	At 30 September 25	1,874,500

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	3,517	5,723
Total	3,517	5,723

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	1	431,303
Amounts owed to related parties	34,988	128,074
Other creditors	93,985	97,985
Accrued liabilities and deferred income	9,684	18,384
Total	138,658	675,746


	Included in other creditors are amounts owed to the directors of the company of £93,984 (2024 - £97,985).

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	1,144,422	535,629
Amounts owed to related parties	444,046	488,256
Total	1,588,468	1,023,885

7.	Secured creditors
	Bank loans of £1,144,422 are secured are included within creditors (2024 - £966,932). The loans are secured against the properties concerned.

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	26,902	21,787
Total	26,902	21,787

9.	Fair value reserve
	The fair value reserve relates to the revaluation of Investment Property (net of deferred tax).


		£
	Fair value reserve at 01 October 24	73,390
	Transferred in period	58,782
	At 30 September 25	132,172

10.	Related party transactions
	The company has taken advantage of exemption under the terms of FRS 102 the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entitles by section 1A), not to disclose transactions between group companies where the subsidiaries are wholly owned by the parent company. The company has taken advantage of exemption under the terms of FRS 102 the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entitles by section 1A) not to disclose transactions with directors on the basis that all transactions have been conducted under normal market conditions.

10.

Related party transactions

The company has taken advantage of exemption under the terms of FRS 102 the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entitles by section 1A), not to disclose transactions between group companies where the subsidiaries are wholly owned by the parent company.

The company has taken advantage of exemption under the terms of FRS 102 the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entitles by section 1A) not to disclose transactions with directors on the basis that all transactions have been conducted under normal market conditions.

11.	Controlling party
	The ultimate parent company is controlled by Mr D R Vaughan.

12.	Parent-subsidiary relationships
	The ultimate parent company is Copper Ashton Holdings Limited.

13.	Further information regarding the company's financial position
	The capital contribution reserve, shown within the statement of changes in equity, arises as a result of a financing transaction. A loan was made interest free by the parent company, with a repayment date beyond normal commercial terms. This was due to the requirements of a lender to the company. The capital contribution is the difference betwen the face value of the loan and the amount initially recognised, being the present value of future payments.

13.

Further information regarding the company's financial position

The capital contribution reserve, shown within the statement of changes in equity, arises as a result of a financing transaction. A loan was made interest free by the parent company, with a repayment date beyond normal commercial terms. This was due to the requirements of a lender to the company. 

The capital contribution is the difference betwen the face value of the loan and the amount initially recognised, being the present value of future payments.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investment property	3		1,874,500		1,810,603
			1,874,500		1,810,603
Current assets
Debtors	4	3,517		5,723
Cash at bank and on hand		14,992		3,977
		18,509		9,700
Creditors amounts falling due within one year	5	(138,658)		(675,746)
Net current assets (liabilities)			(120,149)		(666,046)
Total assets less current liabilities			1,754,351		1,144,557
Creditors amounts falling due after one year	6		(1,588,468)		(1,023,885)
Provisions for liabilities	8		(26,902)		(21,787)
Net assets			138,981		98,885
Capital and reserves
Called up share capital			100		100
Other reserves			163,667		104,885
Profit and loss account			(24,786)		(6,100)
Shareholders' funds	9		138,981		98,885