REGISTERED NUMBER: 03467679 (England and Wales)

COOLGATE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mrs K M Porter

J E Porter

M E Porter

REGISTERED OFFICE:

Barn Farm Lowfields

Navenby

Lincoln

LN5 0LN

REGISTERED NUMBER:

03467679 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

BANKERS:

NatWest

Western Avenue

Waterside Court

Chatham Maritime

Chatham

Kent

ME4 4RT

FIXED ASSETS

Tangible assets

4

2,172,981

2,217,652

Investment property

5

1,505,000

1,505,000

3,677,981

3,722,652

CURRENT ASSETS

Valuation

30,483

148,157

Debtors

6

228,117

18,651

Investments

7

-

409,854

Cash at bank

768,891

541,904

1,027,491

1,118,566

CREDITORS

Amounts falling due within one year

8

182,516

63,338

NET CURRENT ASSETS

844,975

1,055,228

TOTAL ASSETS LESS CURRENT LIABILITIES

4,522,956

4,777,880

PROVISIONS FOR LIABILITIES

131,208

144,140

NET ASSETS

4,391,748

4,633,740

CAPITAL AND RESERVES

Called up share capital

9

1,365,000

1,544,200

Fair value reserve

10

807,603

-

Retained earnings

2,219,145

3,089,540

SHAREHOLDERS' FUNDS

4,391,748

4,633,740

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Statement of Income and Retained Earnings has not been delivered.

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

J E Porter - Director

1.	STATUTORY INFORMATION

Coolgate 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 for sales of produce excluding value added tax. Sales are recognised upon despatch.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

10 - 50 years straight line

Plant and machinery etc

-

25% on cost and 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Valuation

The valuation has been prepared by independent valuers, at the lower of cost and fair value less costs to sell.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2024

2,171,222

126,284

2,297,506

Additions

-

595

595

Disposals

-

(83,218

)

(83,218

)

At 30 November 2025

2,171,222

43,661

2,214,883

DEPRECIATION

At 1 December 2024

200

79,654

79,854

Charge for year

25

3,963

3,988

Eliminated on disposal

-

(41,940

)

(41,940

)

At 30 November 2025

225

41,677

41,902

NET BOOK VALUE

At 30 November 2025

2,170,997

1,984

2,172,981

At 30 November 2024

2,171,022

46,630

2,217,652

5.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 December 2024

and 30 November 2025

1,505,000

NET BOOK VALUE

At 30 November 2025

1,505,000

At 30 November 2024

1,505,000

Cost or valuation at 30 November 2025 is represented by:

£

Valuation in 2025

938,315

Cost

566,685

1,505,000

The investment properties were valued by the directors at 30 November 2025 by considering cost and the fair values of recent, comparable property sales in the local area.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

189,862

-

VAT

37,214

11,880

Prepayments

1,041

6,771

228,117

18,651

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Listed investments

-

409,854

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

173,737

37,507

Tax

659

5,670

Other creditors

-

9,619

Accrued expenses

8,120

10,542

182,516

63,338

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,365,000

Ordinary

£1

1,365,000

1,365,000

179,200

Preference

£1

-

179,200

1,365,000

1,544,200

The 179,200 £1 Preference shares were redeemed at par value during the year.

10.

RESERVES

Fair

value

reserve

£

Reserves transfer

807,603

At 30 November 2025

807,603

The aggregate surplus on re-measurement of investment properties, net of associated deferred tax, is transferred to a separate non-distributable reserve in order to assist with the identification of profits available for distribution.