Company registration number SC335906 (Scotland)
COLLIN CARE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
PAGES FOR FILING WITH REGISTRAR
TC Group
Business Advisors & Accountants
180 St Vincent Street
Glasgow
G2 5SG
COLLIN CARE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
COLLIN CARE LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2026
31 January 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
5
1,215,873
1,264,387
Current assets
Debtors
6
181,292
207,995
Cash at bank and in hand
354,261
363,927
535,553
571,922
Creditors: amounts falling due within one year
7
(173,158)
(221,493)
Net current assets
362,395
350,429
Total assets less current liabilities
1,578,268
1,614,816
Provisions for liabilities
(65,606)
(65,606)
Net assets
1,512,662
1,549,210
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,512,562
1,549,110
Total equity
1,512,662
1,549,210

The notes on pages 3 to 8 form part of these financial statements.

COLLIN CARE LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2026
31 January 2026
- 2 -

For the financial year ended 31 January 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 year 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 23 July 2026 and are signed on its behalf by:
D A Collin
Director
Company registration number SC335906 (Scotland)
COLLIN CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
- 3 -
1
Accounting policies
Company information

Collin Care Limited is a private company limited by shares incorporated in Scotland. The registered office is Suite 6, Firhill Business Centre, 76 Firhill Road, Glasgow, G20 7BA.

1.1
Basis of preparation

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. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years. During the year ended 31 January 2023, Goodwill was fully amortised.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% straight line on buildings and Nil on land
Plant and equipment
20% straight line
Motor vehicles
25% straight line
Improvements to property
10% straight line

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 is credited or charged to profit or loss.

COLLIN CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
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 current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

COLLIN CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable 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.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

COLLIN CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 6 -
1.12
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.13
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
99
98
4
Intangible fixed assets
Goodwill
£
Cost
At 1 February 2025 and 31 January 2026
465,000
Amortisation and impairment
At 1 February 2025 and 31 January 2026
465,000
Carrying amount
At 31 January 2026
-
0
At 31 January 2025
-
0
COLLIN CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 7 -
5
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Motor vehicles
Improvements to property
Total
£
£
£
£
£
Cost
At 1 February 2025
975,000
10,490
345,933
194,566
1,525,989
Additions
-
0
8,839
26,695
54,594
90,128
Disposals
-
0
-
0
(27,913)
-
0
(27,913)
At 31 January 2026
975,000
19,329
344,715
249,160
1,588,204
Depreciation and impairment
At 1 February 2025
105,000
6,042
94,868
55,692
261,602
Depreciation charged in the year
17,500
2,949
85,794
21,931
128,174
Eliminated in respect of disposals
-
0
-
0
(17,445)
-
0
(17,445)
At 31 January 2026
122,500
8,991
163,217
77,623
372,331
Carrying amount
At 31 January 2026
852,500
10,338
181,498
171,537
1,215,873
At 31 January 2025
870,000
4,448
251,065
138,874
1,264,387

Included within the total £975,000 of freehold land and buildings above is land with a cost of £100,000 which is not depreciated.

6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
45,295
70,307
Other debtors
75,400
81,400
Prepayments and accrued income
60,597
56,288
181,292
207,995
7
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
29,894
28,142
Corporation tax
67,693
76,467
Other taxation and social security
36,528
24,952
Deferred income
27,995
32,378
Other creditors
-
0
49,610
Accruals and deferred income
11,048
9,944
173,158
221,493
COLLIN CARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 8 -
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2026
2025
£
£
Total commitments
-
0
-
0
9
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Douglas Collin and Jean Smart, directors of Collin Care Limited are also directors of Alba Letting Limited. At the year ended 31 January 2026 Alba Letting Limited owed Collin Care Limited £64,000 (20 2 5: £70,000). This is an interest free loan and repayable upon demand.

Further to this loan, Alba Letting Limited make payments to Collin Care Limited for consulting fee services. During the year to 31 January 2026 this amounted to £446 (20 2 5: £1,282). The balance outstanding as at 31 January 2026 was £446 (20 2 5: £1,282).

Collin Care Limited make payments to Alba Letting Limited for rent and consultancy fees incurred in the year. During the year to 31 January 2026 this amounted to £67,045 (20 2 5: £60,606). The balance outstanding as at 31 January 2026 was £3,378 (20 2 5: £3,378).

Douglas Collin, is also a director of Balmore Homes Limited which incurred consulting fees amounting to £261 (20 2 5: £955) during the year. The balance as at 31 January 2026 was £261 (20 2 5: £955).

Douglas Collin, is also a director of 3D Property (Scotland) Limited which incurred consulting fees amounting to £239 (20 2 5: £573) during the year. The balance as at 31 January 2026 was £239 (2025: £Nil).

Douglas Collin, is also a director of Stag Properties Ltd which incurred consulting fees amounting to £333 (2025: £174) during the year. The balance as at 31 January 2026 was £333 (2025: £Nil).

Douglas Collin, is also a director of Sale Board Services Ltd which incurred consulting fees amounting to £12,315 (2025: £20,174) during the year. The balance as at 31 January 2026 was £1 2,315 (2025: £18,174).

10
Directors' transactions

Dividends totalling £100,000 (2025 - £150,000) were paid in the year in respect of shares held by the company's directors.

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