Collaborative One Limited

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 14491893

		2025		2024 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		5,804,604		5,192,139

			5,804,604		5,192,139
CURRENT ASSETS
Debtors	4	81,085		-
Cash at bank and in hand		67,581		34,020

		148,666		34,020
Creditors: Amounts Falling Due Within One Year	5	(143,106 )		(430,230 )

NET CURRENT ASSETS (LIABILITIES)			5,560		(396,210 )

TOTAL ASSETS LESS CURRENT LIABILITIES			5,810,164		4,795,929

Creditors: Amounts Falling Due After More Than One Year	6		(4,727,621 )		(4,104,860 )

PROVISIONS FOR LIABILITIES
Provisions For Charges	8		(44,005 )		(22,005 )
Deferred Taxation	7		(499,605 )		(334,605 )

NET ASSETS			538,933		334,459

CAPITAL AND RESERVES
Called up share capital	9		1,000		1,000
Revaluation reserve	10		1,465,065		1,003,815
Profit and Loss Account			(927,132 )		(670,356 )

SHAREHOLDERS' FUNDS			538,933		334,459

Page 1

Page 2

Collaborative One 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 Pilkesh Shah

Director

03/03/2026

The notes on pages 3 to 6 form part of these financial statements.

1. Accounting Policies

1.1. 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.

1.2. 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.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost or valuation less accumulated depreciation and any accumulated impairment losses. The freehold property at 360 Brighton Road is classified as Property, Plant and Equipment (PPE) as it is used for the company's own business operations. The director is of the opinion that the residual value of the freehold building exceeds its carrying amount (being the revalued amount) and therefore no depreciation is provided. This assessment is reviewed annually, and the property is maintained to a standard that supports this assumption. PPE Depreciation is provided at the following annual rates to write off the cost or valuation, less estimated residual value, over the expected useful lives.

Freehold	N/A
Plant & Machinery	25% on reducing balance
Fixtures & Fittings	25% on reducing balance

1.4. 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.

1.5. 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.

...CONTINUED

Page 3

Page 4

Collaborative One Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

1.5. Taxation - continued

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.

2. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 2 (2024: 3)

3. Tangible Assets

	Land & Property
	Freehold	Investment Properties	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£	£
Cost or Valuation
As at 1 December 2024	4,340,000	650,000	193,210	76,310	5,259,520
Additions	-	-	-	4,000	4,000
Revaluation	615,000	45,000	-	-	660,000

As at 30 November 2025	4,955,000	695,000	193,210	80,310	5,923,520

Depreciation
As at 1 December 2024	-	-	48,303	19,078	67,381
Provided during the period	-	-	36,227	15,308	51,535

As at 30 November 2025	-	-	84,530	34,386	118,916

Net Book Value
As at 30 November 2025	4,955,000	695,000	108,680	45,924	5,804,604

As at 1 December 2024	4,340,000	650,000	144,907	57,232	5,192,139

The analysis of the cost or valuation of the above assets is as follows:

	Land & Property
	Freehold	Investment Properties	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£	£
As at 30 November 2025
At cost	4,955,000	695,000	193,210	80,310	5,923,520

	4,955,000	695,000	193,210	80,310	5,923,520

As at 1 December 2024
At cost	4,340,000	36,230	193,210	76,310	4,645,750
At valuation	-	613,770	-	-	613,770

	4,340,000	650,000	193,210	76,310	5,259,520

Page 4

Page 5

Collaborative One Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

4. Debtors

	2025	2024 as restated
	£	£
Due within one year
Trade debtors	26,675	-

	26,675	-
Due after more than one year
Other debtors	54,410	-

	54,410	-

	81,085	-

5. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	£	£
Trade creditors	-	349,154
Other creditors	139,683	80,180
Taxation and social security	3,423	896

	143,106	430,230

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

	2025	2024 as restated
	£	£
Trade creditors	321,623	-
Interbay Loan	-	443,109
SBI Loan	3,390,000	-
Other creditors	1,015,998	3,661,751

	4,727,621	4,104,860

7. Deferred Taxation

	2025	2024 as restated
	£	£
Deferred Tax	499,605	334,605

8. Provisions for Liabilities

	Deferred Tax	Other Provisions
	£	£
As at 1 December 2024	334,605	22,005
Additions	165,000	22,000

Balance at 30 November 2025	499,605	44,005

Page 5

Page 6

Collaborative One Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

The provision of £44,005 (2024: £22,005) relates to business rates and water charges. The provision is expected to be utilised within nine months from the year-end.

9. Share Capital

	2025	2024 as restated
	£	£
Allotted, Called up and fully paid	1,000	1,000

10. Reserves

	Revaluation Reserve
	£
As at 1 December 2024	1,003,815
Surplus on revaluation	461,250

As at 30 November 2025	1,465,065

The revaluation reserve of £1,465,065 represents the unrealised gain on the freehold property (360 Brighton Road), net of the associated deferred tax liability of £488,355 (being £334,605 brought forward plus £153,750 arising on the current year revaluation surplus). This reserve is non-distributable.

In addition, a fair value gain of £45,000 on the investment property element (356–358 Brighton Road) has been recognised through the Profit and Loss Account, in accordance with FRS 102 Section 16. The associated deferred tax liability of £11,250 (25% of £45,000) has been charged through the Profit and Loss Account and is included within the total deferred tax provision of £499,605.

Profit and Loss Account:

The deficit of £927,232 reflects the accumulated trading losses of the company, including the 2025 loss of £256,876.

11. General Information

Collaborative One Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14491893 . The registered office is 30 High Street, Purley, Surrey, CR8 2AA.

Page 6