REGISTERED NUMBER: 06163671 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

COBRE PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Coar

Mrs C S Coar

SECRETARY:

Mrs C S Coar

REGISTERED OFFICE:

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

REGISTERED NUMBER:

06163671 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

1,786,936

1,786,936

1,786,936

1,786,936

CURRENT ASSETS

Debtors

6

2,053

895

Cash at bank

160,996

97,614

163,049

98,509

CREDITORS

Amounts falling due within one year

7

1,220,592

1,219,525

NET CURRENT LIABILITIES

(1,057,543

)

(1,121,016

)

TOTAL ASSETS LESS CURRENT LIABILITIES

729,393

665,920

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

729,293

665,820

SHAREHOLDERS' FUNDS

729,393

665,920

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:

A Coar - Director

1.	STATUTORY INFORMATION

Cobre Properties 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.

Turnover

Turnover is the amount derived from ordinary activities, and stated after trade discounts and net of VAT, and comprises rental income. Rental income income arising from operating leases is recognised on a straight-line basis over the lease term on ongoing leases.

Tangible fixed assets

Depreciation has been provided to write off the cost of tangible fixed assets over their expected useful lives using the following rates:

Plant and machinery

- 20% on cost

Computer equipment

- 25% on cost

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..

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.

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 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2025

and 31 March 2026

21,891

407

22,298

DEPRECIATION

At 1 April 2025

and 31 March 2026

21,891

407

22,298

NET BOOK VALUE

At 31 March 2026

-

-

-

At 31 March 2025

-

-

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

1,786,936

NET BOOK VALUE

At 31 March 2026

1,786,936

At 31 March 2025

1,786,936

The investment property was valued by the Company's Directors on an open market basis on 31 March 2026 and, in their opinion, their is no material difference between the amount stated above and open market value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Other debtors

2,053

895

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Taxation and social security

27,319

27,285

Other creditors

1,193,273

1,192,240

1,220,592

1,219,525

8.	RELATED PARTY DISCLOSURES

Mr A Coar is also a director of Coars Limited. During the year the Company received rental income of £68,000 (2025: £68,000) on normal commercial terms, from Coars Limited.

Included in other creditors is a loan from Coars Limited of £955,000 (2025: £955,000).

Mr A Coar is also a director of Coars (NE) Limited. During the year the Company received rental income of £30,000 (2025: £30,000) on normal commercial terms from Coars (NE) Limited

Included in other creditors is a loan from Coars (NE) Limited of £235,000 (2025: £235,000).

9.	ULTIMATE CONTROLLING PARTY

The company is jointly owned and controlled by its Directors.