REGISTERED NUMBER: 00401786 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

FRED COUPE (PRESTON) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Michael Frederick Coupe

Peter John Coupe

John Michael Coupe

Julian Peter Coupe

Charles Frederick Coupe

SECRETARY:

Michael Frederick Coupe

REGISTERED OFFICE:

The Nissan Garage

Chorley Road

Walton le Dale

Preston

Lancashire

PR5 4JB

REGISTERED NUMBER:

00401786 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Tangible assets

4

41,192

32,623

Investment property

5

650,000

754,931

691,192

787,554

CURRENT ASSETS

Stocks

6

1,459,975

1,716,635

Debtors

7

213,121

201,028

Cash at bank and in hand

1,698,923

1,480,523

3,372,019

3,398,186

CREDITORS

Amounts falling due within one year

8

497,304

481,576

NET CURRENT ASSETS

2,874,715

2,916,610

TOTAL ASSETS LESS CURRENT LIABILITIES

3,565,907

3,704,164

PROVISIONS FOR LIABILITIES

3,678

7,776

NET ASSETS

3,562,229

3,696,388

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

9

195,951

195,951

Retained earnings

3,365,278

3,499,437

SHAREHOLDERS' FUNDS

3,562,229

3,696,388

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2026 and were signed on its behalf by:

Julian Peter Coupe - Director

John Michael Coupe - Director

1.	STATUTORY INFORMATION

Fred Coupe (Preston) Limited 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.

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.

Showroom

-

10% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on cost and 15% on reducing balance

Investment property

Investment properties are properties held by the company to earn rentals and/or for capital appreciation.

Investment properties are initially measured at cost, including transaction costs.

Subsequently investment properties are measured at fair value. Investment property valuations are based on an open market value.

Deferred tax is provided on these movements. Gains and losses arising from changes in the fair value of investment properties are included in the Statement of Income and Retained Earnings in the period in which they arise.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

Showroom

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

73,067

365,094

45,151

320

483,632

Additions

-

8,089

5,626

677

14,392

At 31 December 2025

73,067

373,183

50,777

997

498,024

DEPRECIATION

At 1 January 2025

73,067

332,472

45,150

-

450,689

Charge for year

-

5,521

523

99

6,143

At 31 December 2025

73,067

337,993

45,673

99

456,832

NET BOOK VALUE

At 31 December 2025

-

35,190

5,104

898

41,192

At 31 December 2024

-

32,622

1

320

32,943

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

754,931

Disposals

(104,931

)

At 31 December 2025

650,000

NET BOOK VALUE

At 31 December 2025

650,000

At 31 December 2024

754,931

Fair value at 31 December 2025 is represented by:

£

Valuation in 2010

221,093

Valuation in 2012

50,000

Valuation in 2024

(75,141

)

Cost

454,048

650,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31/12/25

31/12/24

£

£

Cost

803,918

803,918

The investment properties were valued on an open market basis on 31 December 2020 by the directors .

The directors considered there to be no material change in the valuation of the investment properties since 2012.

6.

STOCKS

31/12/25

31/12/24

£

£

Stocks

9,337

48,252

Finished goods

1,450,638

1,668,383

1,459,975

1,716,635

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Trade debtors

181,455

155,868

Other debtors

2,488

2,844

Prepayments and accrued income

29,178

42,316

213,121

201,028

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/25

31/12/24

£

£

Trade creditors

382,921

304,264

Tax

-

57,244

Social security and other taxes

47,334

36,055

VAT

43,673

32,995

Other creditors

7,661

13,000

Accrued expenses

15,715

38,018

497,304

481,576

9.

RESERVES

Revaluation

reserve

£

At 1 January 2025

and 31 December 2025

195,951

10.	ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling party by virtue of their shareholdings.