REGISTERED NUMBER: 10702514 (England and Wales)

COOMBE-JONES PROPERTY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Mr C R S B Coombe-Jones

Mrs A E Coombe-Jones

REGISTERED OFFICE:

Landgate Chambers

Rye

East Sussex

TN31 7LJ

REGISTERED NUMBER:

10702514 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

Landgate Chambers

24 Landgate

Rye

East Sussex

TN31 7LJ

FIXED ASSETS

Tangible assets

4

2,507

3,133

Investment property

5

705,000

720,000

707,507

723,133

CURRENT ASSETS

Debtors

6

8,079

9,173

Cash at bank

7,213

10,737

15,292

19,910

CREDITORS

Amounts falling due within one year

7

2,396

1,724

NET CURRENT ASSETS

12,896

18,186

TOTAL ASSETS LESS CURRENT LIABILITIES

720,403

741,319

CREDITORS

Amounts falling due after more than one year

8

(721,899

)

(722,899

)

PROVISIONS FOR LIABILITIES

-

(3,460

)

NET (LIABILITIES)/ASSETS

(1,496

)

14,960

CAPITAL AND RESERVES

Called up share capital

10

100

100

Fair value reserve

11

37,114

48,654

Retained earnings

(38,710

)

(33,794

)

SHAREHOLDERS' FUNDS

(1,496

)

14,960

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 13 August 2026 and were signed on its behalf by:

Mr C R S B Coombe-Jones - Director

1.	STATUTORY INFORMATION

Coombe-Jones Property 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.

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 directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. Although retained earnings currently show a negative position, the directors are confident that the company can meet all it's debt obligations. As a result they have adopted the going concern basis of accounting.

TURNOVER

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

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

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.

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 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 (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2025

and 31 March 2026

7,423

DEPRECIATION

At 1 April 2025

4,290

Charge for year

626

At 31 March 2026

4,916

NET BOOK VALUE

At 31 March 2026

2,507

At 31 March 2025

3,133

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

720,000

Movement in fair value

(15,000

)

At 31 March 2026

705,000

NET BOOK VALUE

At 31 March 2026

705,000

At 31 March 2025

720,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2020

16,608

Valuation in 2023

9,249

Valuation in 2025

26,257

Valuation in 2026

(15,000

)

Cost

667,886

705,000

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

2026

2025

£

£

Cost

667,886

667,886

Investment property was valued on an open market basis on 31 March 2026 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,436

1,325

Other debtors

6,643

7,848

8,079

9,173

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other creditors

2,396

1,724

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

482,399

482,399

Other creditors

239,500

240,500

721,899

722,899

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

482,399

482,399

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

482,399

482,399

The company has four bank loans, one relating to each of the properties it owns. Each loan is secured by a fixed charge containing a negative pledge on the property to which it relates.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

97

Ordinary

£1

97

97

1

Ordinary A

£1

1

1

2

Ordinary B

£1

2

2

100

100

11.

RESERVES

Fair

value

reserve

£

At 1 April 2025

48,654

Transfer

(11,540

)

At 31 March 2026

37,114