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Registered number: 12693362
Collaborate Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Asquith Accountants Ltd
Rowan House
7 West Bank
Scarborough
North Yorkshire
YO12 4DX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12693362
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 850,000 375,000
850,000 375,000
CURRENT ASSETS
Debtors 5 205,550 204,227
Cash at bank and in hand 3,388 -
208,938 204,227
Creditors: Amounts Falling Due Within One Year 6 (269,015 ) (173,071 )
NET CURRENT ASSETS (LIABILITIES) (60,077 ) 31,156
TOTAL ASSETS LESS CURRENT LIABILITIES 789,923 406,156
Creditors: Amounts Falling Due After More Than One Year 7 (423,361 ) (148,242 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (55,845 ) (38,990 )
NET ASSETS 310,717 218,924
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 238,076 166,221
Profit and Loss Account 72,541 52,603
SHAREHOLDERS' FUNDS 310,717 218,924
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Page 2
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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 B E Fellows
Director
Mr A Waggitt
Director
Mrs J J Waggitt
Director
17 August 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Collaborate Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12693362 . The registered office is Rowan House, 7 West Bank, Scarborough, North Yorkshire, YO12 4DX.
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. 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.
2.3. 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: NIL (2024: NIL)
- -
4. Investment Property
2025
£
Fair Value
As at 1 January 2025 375,000
Additions 386,290
Revaluations 88,710
As at 31 December 2025 850,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
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Page 4
2025 2024
£ £
Cost 556,078 169,788
Investment property was valued on an open market basis by the directors of the company.
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,767 -
Other debtors 203,783 204,227
205,550 204,227
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 532
Bank loans and overdrafts 4,250 5,000
Other creditors 254,694 160,416
Taxation and social security 10,071 7,123
269,015 173,071
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 423,361 148,242
8. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 427,611 153,242
9. Share Capital
2025 2024
£ £
Called Up Share Capital not Paid 100 100
Amount of Allotted, Called Up Share Capital 100 100
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10. Reserves
Fair Value Reserve
£
As at 1 January 2025 166,221
Transfer to profit and loss 71,855
As at 31 December 2025 238,076
11. Related Party Transactions
During the year the company loaned monies to Wheelhouse Pilot Ltd. The amount outstanding at the period end date was £203,684 (2024: £203,684). The loan is interest free and repayable on demand.
During the year the company was loaned monies from Homemore Ltd. The amount outstanding at the period end date was £253,675 (2024: £159,516). The loan is interest free and repayable on demand.
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