Registration number: 11847205

Coombs Property Management Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 6

Coombs Property Management Limited

(Registration number: 11847205)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	34,561	7,670
Investment property	5	6,449,298	6,569,979
		6,483,859	6,577,649
Current assets
Debtors	6	13,707	13,000
Cash at bank and in hand		291,654	179,231
		305,361	192,231
Creditors: Amounts falling due within one year	7	(2,005,429)	(2,001,723)
Net current liabilities		(1,700,068)	(1,809,492)
Total assets less current liabilities		4,783,791	4,768,157
Creditors: Amounts falling due after more than one year	7	(1,690,050)	(1,690,050)
Provisions for liabilities		(46,665)	(41,918)
Net assets		3,047,076	3,036,189
Capital and reserves
Called up share capital	9	10,102	10,102
Share premium reserve		2,832,737	2,832,737
Other reserves		120,000	120,000
Profit and loss account		84,237	73,350
Shareholders' funds		3,047,076	3,036,189

For the financial year ending 31 March 2026 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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 20 August 2026 and signed on its behalf by:
 

 

Mr A P Coombs
Director

Coombs Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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:
8 Water Eaton Lane
Penkridge
Stafford
ST19 5QE

2	Accounting policies

Basis of preparation

These financial statements have been prepared using the historical cost convention in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The presentation currency is sterling.

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.

Going concern
The financial statements have been prepared on a going concern basis.

Revenue recognition
Turnover comprises rental income received or receivable in the ordinary course of the company's activities.

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 current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax
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.

Tangible assets

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

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

Coombs Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% straight line
Plant and equipment	25% straight line

Investment property

Investment property is measured at fair value at each reporting date with changes in fair value recognised in the profit and loss account.

Defined contribution pension obligation

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Cash
Cash comprises cash on hand and all deposits.

Debtors
Debtors are amounts due from tenants for rent receivable and other associated letting fees in the ordinary course of the business.

Debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company during the year was 0 (2025 - 0).

Coombs Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Tangible assets

	Plant and equipment  £	Motor vehicles  £	Total £
Cost
At 1 April 2025	27,699	5,500	33,199
Additions	8,206	33,500	41,706
Disposals	(9,589)	(5,500)	(15,089)
At 31 March 2026	26,316	33,500	59,816
Depreciation
At 1 April 2025	21,404	4,125	25,529
Charge for the year	4,700	8,375	13,075
Eliminated on disposal	(9,224)	(4,125)	(13,349)
At 31 March 2026	16,880	8,375	25,255
Net book value
At 31 March 2026	9,436	25,125	34,561
At 31 March 2025	6,295	1,375	7,670

5	Investment property

	2026 £	2025 £
At 1 April	6,569,979	6,745,660
Disposals	(120,681)	(175,681)
At 31 March	6,449,298	6,569,979

The directors have reviewed the market value of the properties using current market data for similar properties in the same areas and consider that there is no significant change at the balance sheet date.

6

Debtors

	2026 £	2025 £
Trade debtors	1,125	3,212
Prepayments	12,582	9,788
	13,707	13,000

Coombs Property Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

7

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Trade creditors	331	1,008
Taxation and social security	352	2,323
Other creditors	22,604	14,947
Other loans	1,883,624	1,918,031
Accruals	98,518	65,414
	2,005,429	2,001,723