Registration number: 04411030

Colston Properties Limited

Contents

Accountants' Report	1
Abridged Balance Sheet	2
Notes to the Unaudited Abridged Financial Statements	3 to 6

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Colston Properties Limited
for the Year Ended 27 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Colston Properties Limited for the year ended 27 September 2025 as set out on pages 2 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Colston Properties Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Colston Properties Limited and state those matters that we have agreed to state to the Board of Directors of Colston Properties Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Colston Properties Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Colston Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Colston Properties Limited. You consider that Colston Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Colston Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Jay & Jay Partnership Limited
Chartered Certified Accountants
2 Chesterfield Buildings
Westbourne Place
Clifton Bristol
BS8 1RU

27 July 2026

Colston Properties Limited

(Registration number: 04411030)
Abridged Balance Sheet as at 27 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	5,890,434	5,275,715
Current assets
Debtors		6,722	10,428
Cash at bank and in hand		187,240	131,827
		193,962	142,255
Creditors: Amounts falling due within one year		2,116,084	151,496
Net current liabilities		(1,922,122)	(9,241)
Total assets less current liabilities		3,968,312	5,266,474
Creditors: Amounts falling due after more than one year	5.1	230,000	1,778,371
Provisions for liabilities		933,900	871,994
Net assets		2,804,412	2,616,109
Capital and reserves
Called up share capital		100	100
Retained earnings		2,804,312	2,616,009
Shareholders' funds		2,804,412	2,616,109

For the financial year ending 27 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 July 2026 and signed on its behalf by:
 

......................................... Mr L W Norman Director

Colston Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 27 September 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Chesterfield Buildings
Westbourne Place
Clifton Bristol
BS8 1RU

These financial statements were authorised for issue by the Board on 23 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Colston Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 27 September 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor Vehicles	25% Straight Line
Equipment	25% Straight Line

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Depreciation is not charged on Investment property which is a departure from the provisions of the Companies Act 2006 in order to give a true and fair view.

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 abridged statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Colston Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 27 September 2025

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities, or equity instruments. An equity instrument is any contact that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4	Tangible assets

	Freehold property land and buildings £	Long leasehold property land and buildings £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 28 September 2024	4,895,000	375,000	5,047	20,000	5,295,047
Revaluations	222,623	25,000	-	-	247,623
Additions	372,377	-	225	-	372,602
At 27 September 2025	5,490,000	400,000	5,272	20,000	5,915,272
Depreciation
At 28 September 2024	-	-	4,332	15,000	19,332
Charge for the year	-	-	506	5,000	5,506
At 27 September 2025	-	-	4,838	20,000	24,838
Carrying amount
At 27 September 2025	5,490,000	400,000	434	-	5,890,434
At 27 September 2024	4,895,000	375,000	715	5,000	5,275,715

Included within the net book value of land and buildings above is £5,490,000 (2024 - £4,895,000) in respect of freehold land and buildings and £400,000 (2024 - £375,000) in respect of long leasehold land and buildings.
 

Properties held at valuation

The freehold and leasehold properties are held by the company as investments at their open market value. The directors had two of the properties professionally valued during the year, the other properties were revalued by the directors at 27th September 2025. The directors consider the open market values of these properties at 27th September 2025 to be £5,890,000 (2024 - £5,270,000).

Colston Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 27 September 2025

5

Creditors

Creditors: amounts falling due after more than one year

The company has given security for its creditors that fall due after more than one year.

Bank loans totalling £230,000 (2024 - £1,786,659) are secured on the properties held by the company. All creditors are payable within 5 years.

6	Related party transactions

Other transactions with directors

At the beginning of the year Mr L Norman owed £1,040 to the company and Mrs S Norman owed £1,040. This loan was repaid on 28th April 2025. The director's then loaned the company funds which were partially repaid by the year end. At 27th September 2025 the company owed the directors' Mr L Norman £46,147 and Mrs S Norman £46,147. These loans are interest free and repayable on demand.