REGISTERED NUMBER: 13523465 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Collison and Willcock Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Investments

4

100

100

Investment property

5

554,000

554,000

554,100

554,100

Current assets

Debtors

6

10,638

9,920

Cash at bank

6,419

8,240

17,057

18,160

Creditors

Amounts falling due within one year

7

(100,474

)

(101,860

)

Net current liabilities

(83,417

)

(83,700

)

Total assets less current liabilities

470,683

470,400

Creditors

Amounts falling due after more than one year

8

(503,247

)

(508,247

)

Net liabilities

(32,564

)

(37,847

)

Capital and reserves

Called up share capital

100

100

Fair value reserve

10

5,859

5,859

Retained earnings

(38,523

)

(43,806

)

(32,564

)

(37,847

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2026 and were signed on its behalf by:

Mr A J Collison - Director

1.	Statement of compliance

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.

2.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The company meets it's day to day working capital requirements through the support of it's directors and their related businesses. On the basis of the anticipated cashflows the director's consider that the company will continue to trade successfully for the foreseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover relates to rental income received.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 (2024 - NIL).

4.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 August 2024

and 31 July 2025

100

Net book value

At 31 July 2025

100

At 31 July 2024

100

5.	Investment property

Total

£

Fair value

At 1 August 2024

and 31 July 2025

554,000

Net book value

At 31 July 2025

554,000

At 31 July 2024

554,000

Fair value at 31 July 2025 is represented by:

£

Valuation in 2023

(1,187

)

Valuation in 2024

9,000

Cost

546,187

554,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.7.25

31.7.24

£

£

Cost

546,187

546,187

investment property was valued on an open market basis on 31 July 2025 by the directors .

6.

Debtors: amounts falling due within one year

31.7.25

31.7.24

£

£

Other debtors

10,638

9,920

7.

Creditors: amounts falling due within one year

31.7.25

31.7.24

£

£

Trade creditors

-

1,201

Other creditors

100,474

100,659

100,474

101,860

8.

Creditors: amounts falling due after more than one year

31.7.25

31.7.24

£

£

Bank loans

434,245

434,245

Other creditors

69,002

74,002

503,247

508,247

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

434,245

434,245

9.	Secured debts

The following secured debts are included within creditors:

31.7.25

31.7.24

£

£

Bank loans

434,245

434,245

The loans are secured on the investment properties.

10.

Reserves

Fair value

reserve

£

At 1 August 2024

and 31 July 2025

5,859

Profit and loss account - This reserve records distributable retained earnings and accumulated losses.

11.	Related party disclosures

At the year end, the company owed Highline Properties Ltd, a company of which Mr A Collison is a director and shareholder £6,000 (2024 - £11,000.) No interest was charged on the loan.

At the year end, the company owed Ashley Marchant Estates Limited, a company of which Mr M Willcock is a director and shareholder £63,000 (2024 - £63,000). No interest was charged on the loan.