C.O.I. Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04307344

C.O.I. Properties Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2025

C.O.I. Properties Limited

Financial Statements

Year ended 31 December 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

C.O.I. Properties Limited

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	1,036,196	778,152
Investments	6	260,054	260,054
		------------	------------
		1,296,250	1,038,206

Current assets

Debtors	7	75,633	113,229
Cash at bank and in hand		312,205	156,816
		---------	---------
		387,838	270,045

Creditors: amounts falling due within one year	8	136,481	137,452
		---------	---------
Net current assets		251,357	132,593
		------------	------------
Total assets less current liabilities		1,547,607	1,170,799

Creditors: amounts falling due after more than one year	9	260,098	280,141

Provisions	10	108,468	44,740
		------------	------------
Net assets		1,179,041	845,918
		------------	------------

Capital and reserves

Called up share capital	536	536
Revaluation reserve	290,113	106,363
Profit and loss account	888,392	739,019
	------------	---------
Shareholders funds	1,179,041	845,918
	------------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

C.O.I. Properties Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 21 August 2026 , and are signed on behalf of the board by:

D Griffin

Director

Company registration number: 04307344

C.O.I. Properties Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Potton House, Wyboston Lakes, Great North Road, Wyboston, Bedford, MK44 3BZ. The principal place of business is Centree House, Unit 6-8, Bicton Industrial Park, Kimbolton, Huntingdon, Cambridgeshire, PE28 0LQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements. The company is supported by a fixed term bank loan and has the continued financial support provided by cash from other group and associated companies. The directors have therefore concluded that, with this ongoing support, the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the accounts have been prepared on a going concern basis.

Management charges

Income from management charges is recognised in the accounts on an accruals basis.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover represents rents receivable by the company accounted for on an accruals basis, net of value added tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference .

Tangible assets

Tangible assets other than investment properties are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss reserve.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	10% straight line
Fixtures and fittings	-	14% straight line
Motor vehicles	-	25% reducing balance

Freehold land is not depreciated.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Related party transactions

During the reporting period, the directors of COI Properties Ltd agreed to discharge and release Centree Installations Limited from any and all obligation to repay an outstanding intercompany debt of £30,000.

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Investment property	Total
	£	£	£	£	£
Cost or valuation
At 1 January 2025	8,376	3,000	30,490	750,000	791,866
Additions	–	1,600	26,499	–	28,099
Disposals	( 8,376)	–	–	–	( 8,376)
Revaluations	–	–	–	245,000	245,000
	-------	-------	--------	---------	------------
At 31 December 2025	–	4,600	56,989	995,000	1,056,589
	-------	-------	--------	---------	------------
Depreciation
At 1 January 2025	5,393	3,000	5,321	–	13,714
Charge for the year	717	181	11,891	–	12,789
Disposals	( 6,110)	–	–	–	( 6,110)
	-------	-------	--------	---------	------------
At 31 December 2025	–	3,181	17,212	–	20,393
	-------	-------	--------	---------	------------
Carrying amount
At 31 December 2025	–	1,419	39,777	995,000	1,036,196
	-------	-------	--------	---------	------------
At 31 December 2024	2,983	–	25,169	750,000	778,152
	-------	-------	--------	---------	------------

Tangible assets held at valuation

The company's investment property is included at its fair value. The directors estimate that the open market value at the reporting date was £995,000 (2024 £750,000). The historic cost of the property was £598,755 (2024 £598,755) and a deferred tax provision of £100,642 (2024 £39,392) has been included for the tax charge which would be payable if the property was sold at open market value.

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 31 December 2025	18,877
	--------
At 31 December 2024	25,169
	--------

6. Investments

	Shares in group undertakings and participating interests
	£
Cost
At 1 January 2025 and 31 December 2025	260,054
	---------
Impairment
At 1 January 2025 and 31 December 2025	–
	---------

Carrying amount
At 31 December 2025	260,054
	---------
At 31 December 2024	260,054
	---------

Group undertakings - at the reporting date the company owned:

a) 100% of the issued share capital (500 Ordinary 'A' shares, 26 Ordinary 'B' shares and 10 Ordinary 'C' shares) of Combined Office Interiors Limited, a company incorporated in England and Wales.

b) 100% of the issued share capital (100 Ordinary shares) of MACOI Limited, a company incorporated in England and Wales.

c) 100% of the issued share capital (12 Ordinary A shares) of DNK (UK) Limited, a company incorporated in England and Wales.

d) 100% of the issued share capital (100 Ordinary A shares) of Centree Installations Limited, a company incorporated in England and Wales.

e) 100% of the issued share capital (1 Ordinary share) of Malcolm Andrews Office Solutions Limited, a company incorporated in England and Wales.

Undertakings with a participating interest - at the reporting date the company owned:

a) 50% of the issued share capital (50 Ordinary shares) of Athiri Group Limited (2023 FG Sentar Limited), a company incorporated in England and Wales.

b) 50% of the issued share capital (2,550 Ordinary shares) of FG Library Products Limited, a company incorporated in England and Wales.

c) 14.67% of the issued share capital (18,868 Ordinary shares) of Showcase PSR Limited, a company incorporated in England and Wales.

7. Debtors

	2025	2024
	£	£
Trade debtors	119	–
Amounts owed by group undertakings and undertakings in which the company has a participating interest	30,863	32,256
Other debtors	44,651	80,973
	--------	---------
	75,633	113,229
	--------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	27,808	25,697
Trade creditors	20,294	23,987
Amounts owed to group undertakings and undertakings in which the company has a participating interest	62,978	74,397
Social security and other taxes	7,850	5,434
Other creditors	17,551	7,937
	---------	---------
	136,481	137,452
	---------	---------

Bank loans and overdrafts are secured by a fixed and floating charge over the company's assets.

Other creditors includes £13,499 (2024 £6,727) in respect of hire purchase obligations which are secured on the assets concerned.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	231,804	260,301
Other creditors	28,294	19,840
	---------	---------
	260,098	280,141
	---------	---------

Bank loans and overdrafts are secured by a fixed and floating charge over the company's assets.

Included within creditors: amounts falling due after more than one year is an amount of £96,475 (2024 £135,244) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

Other creditors includes £28,294 (2024 £19,840) in respect of hire purchase obligations which are secured on the assets concerned.

10. Provisions

	Deferred tax (note 11)
	£
At 1 January 2025	44,740
Additions	63,728
	---------
At 31 December 2025	108,468
	---------

11. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 10)	108,468	44,740
	---------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	7,826	5,348
Fair value adjustment of investment property	100,642	39,392
	---------	--------
	108,468	44,740
	---------	--------

12. Directors' advances, credits and guarantees

A directors maintain loan accounts with the company. At the beginning of the year the directors owed the company £45,251 (2024 £20,084). During the year there were further advances totalling £38,745 (2024 £72,635), repayments of £76,160 (2024 £48,000) and interest charged of £489 (2024 £532). At the reporting date the directors owed the company £8,896 (2024 £45,251).

13. Related party transactions

There were no related party transactions in the reporting period. In the comparative reporting period, the directors of COI Properties Limited agreed to: a) discharge and release Centree Installations Limited, one of its wholly owned subsidiaries, from any and all obligation to repay an outstanding intercompany debt of £30,000, b) advance an interest-free loan of £20,000 to Athiri Group Limited, a company in which COI Properties Limited has a 50% shareholding, c) advance an interest-free loan of £9,600 to Macoi Direct Limited, a company under common control. The outstanding loans have no formal terms for repayment and are included in debtors due within one year.