Colwill Holdings Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13734763

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		540,000		280,000

			540,000		280,000
CURRENT ASSETS
Debtors	5	27,488		103,972
Cash at bank and in hand		4,467		5,444

		31,955		109,416
Creditors: Amounts Falling Due Within One Year	6	(150,468 )		(26,314 )

NET CURRENT ASSETS (LIABILITIES)			(118,513 )		83,102

TOTAL ASSETS LESS CURRENT LIABILITIES			421,487		363,102

Creditors: Amounts Falling Due After More Than One Year	7		(210,357 )		(210,357 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(45,252 )		(30,984 )

NET ASSETS			165,878		121,761

CAPITAL AND RESERVES
Called up share capital	8		100		100
Fair value reserve	10		192,917		132,091
Profit and Loss Account			(27,139 )		(10,430 )

SHAREHOLDERS' FUNDS			165,878		121,761

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Colwill Holdings Limited

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Michael Colwill

Director

24/08/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Colwill Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13734763 . The registered office is 146 High Street, Spaxton, Bridgwater, Somerset, TA5 1BT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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Colwill Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

4. Investment Property

	2025
	£
Fair Value
As at 1 December 2024	280,000
Additions	184,906
Fair value adjustments	75,094

As at 30 November 2025	540,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	291,117	112,248

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	1,675	78,159
Due after more than one year
Other debtors	25,813	25,813

	27,488	103,972

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	1
Bank loans and overdrafts	112,450	-
Other creditors	12,205	500
Taxation and social security	25,813	25,813

	150,468	26,314

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Trade creditors	323	323
Bank loans	210,034	210,034

	210,357	210,357

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Colwill Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 December 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 November 2025
	£	£	£	£	£
Mr Michael Colwill	76,484	-	87,189	-	(10,705 )

The above loan is unsecured, interest free and repayable on demand.

10. Reserves

	Fair value reserve	Profit and Loss Account
	£	£
As at 1 December 2024	132,091	(10,430 )
Profit for the year and total comprehensive income	-	44,117

Movements in fair value reserve	60,826	-
Transfer to/from Fair value reserve	-	(60,826)

As at 30 November 2025	192,917	(27,139 )

11. Transition to FRS 102

The company has transitioned from reporting under FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime to FRS 102 Section 1A The Financial Reporting Standard applicable in the UK and Republic of Ireland (Small Entities) for the period ended 30 November 2025.

The date of transition to FRS 102 Section 1A is 1 December 2024 In preparing these financial statements, the comparative figures for the period ended 30 November 2024 have been restated to conform with FRS 102 Section 1A.

Under FRS 105, properties held for rental were classified within Tangible Fixed Assets (Land & Buildings) and held at historical cost less accumulated depreciation.

Upon transition to FRS 102 Section 1A, these properties have been reclassified as Investment Properties in accordance with Section 16 of FRS 102 Section 1A. Under FRS 102 Section 1A, investment properties are measured at fair value with changes recognized through the Profit and Loss account, and depreciation is no longer charged.

As a result of applying FRS 102 Section 1A retrospectively to the date of transition 1 December 2024:

Properties previously held at historical cost of £116,924.50 under Tangible Fixed Assets (Land & Buildings) have been reclassified to Investment Property.

Historic accumulated depreciation charged under FRS 105 up to the date of transition has been derecognised.

The investment properties have been revalued to their fair value of £280,000.00, resulting in an initial fair value uplift of £163,075.50.

A deferred tax liability of £30,984.35 (calculated at 19%) has been recognised in respect of the taxable temporary difference between the fair value and the tax base.

The net impact of £132,091.15 has been recognised as a prior period adjustment in opening equity and allocated to a non-distributable Fair Value Reserve.

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