Coward Projects Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11203261 (England and Wales)

Coward Projects Ltd

Unaudited Financial Statements for the Year Ended 31 March 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

G D Coward

Mrs Z J Coward

REGISTERED OFFICE:

35 Georgian Way

Wigmore

Gillingham

Kent

ME8 0QZ

REGISTERED NUMBER:

11203261 (England and Wales)

ACCOUNTANTS:

BK Plus Limited

Chartered Certified Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

FIXED ASSETS

Investment property

4

1,013,000

1,005,000

CURRENT ASSETS

Debtors

5

11,500

-

Cash at bank

12,610

9,924

24,110

9,924

CREDITORS

Amounts falling due within one year

6

9,913

4,408

NET CURRENT ASSETS

14,197

5,516

TOTAL ASSETS LESS CURRENT LIABILITIES

1,027,197

1,010,516

CREDITORS

Amounts falling due after more than one
year

7

(733,304

)

(733,304

)

PROVISIONS FOR LIABILITIES

(57,445

)

(68,107

)

NET ASSETS

236,448

209,105

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

222,984

204,321

Retained earnings

13,364

4,684

236,448

209,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 16 June 2026 and were signed on its behalf by:

G D Coward - Director

1.	STATUTORY INFORMATION

Coward Projects 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The accounts have been prepared on a going concern basis due to the continued support of the directors and parent company.

Income recognition

Income represents the fair value of rents received during the year and is recognised when the company becomes entitled to it.

Investment property

Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation

Taxation for the year 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

1,005,000

Revaluations

8,000

At 31 March 2026

1,013,000

NET BOOK VALUE

At 31 March 2026

1,013,000

At 31 March 2025

1,005,000

Investment properties were valued by the directors at fair value on 31 March 2026.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Other debtors

11,500

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Taxation and social security

2,036

986

Other creditors

7,877

3,422

9,913

4,408

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

Bank loans

465,452

Amounts owed to group undertakings

267,852

733,304

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

465,452

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Bank loans

465,452

The bank loans are secured by mortgage charges over properties held by the company.

9.	ULTIMATE CONTROLLING PARENT

The ultimate controlling party is G D Coward Limited.

The registered office of the parent company G D Coward Limited is 35 Georgian Way, Gillingham, Kent, ME8 0QZ.