For the financial year ended 31 December 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Coolsilk Property & Investment Limited is a private company limited by shares incorporated in England and Wales. The registered office is Orchard Villa, Top Pasture Lane, North Wheatley, Retford, DN22 9BY.

The current reporting period is 01 January 2025 to 31 December 2025, the comparative period represents an 18-month accounting period from 30 June 2023 to 31 December 2024. The reporting period was changed to 31 December to bring in line with the calendar year.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover represents rental income and service charges recognised on a receivable basis over the rental period net of VAT.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Investment properties are valued at fair value under FRS 102. The directors' calculation of these fair values requires judgements to be made, which include forecast rent receivable, rental yields and market growth.

There is a level of judgement based on assets and estimated cash flows which are inherently subjective. In particular, the directors believe that the asset under construction should be held at cost because it is too early in the ongoing legal proceedings to judge whether the valuation of the asset under construction has been in part impaired.

The directors are confident that the amounts owed to the company by the related parties are recoverable in full.

At the time of writing, there are ongoing legal proceedings on the asset under construction of which the outcome is currently unknown. The directors believe no impairment has been provided on the carrying value, which is based on cost incurred.

No depreciation is provided on assets under construction, in accordance with the accounting policy.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

There are significant taxable losses (note 5) which have not been provided as a deferred tax asset. At the balance sheet date, it is uncertain as to when these losses will be utilised.

In line with FRS 102, the directors capitalised loan interest costs on the loan finance used to fund building works. The capitalisation of the loan interest costs ended once the building works were paused for the legal proceedings to be resolved.

The average monthly number of persons (including directors) employed by the company during the year was:

The investment properties comprise a commercial property that was purchased on an open market basis.

The investment properties includes a hotel development held at cost plus accumulated interest to 31 December 2025. The development project is currently the subject of legal claims. The directors consider the value of the properties to be appropriate at the balance sheet date. The total capitalised interest at 31 December 2025 was £842,038 (2024 - £842,038).

Details of the company's subsidiary at 31 December 2025 is as follows:

Registered office addresses (all UK unless otherwise indicated):

Amounts due from group undertaking are due after more than one year. All other debtors fall due within one year.

Interest is charged on the loan at 3.99% per annum.

The other borrowings are secured by fixed charges over certain investment properties.

At the reporting end date the company had contract with tenants for the following minimum lease payments:

The company has taken advantage of the exemption available under section 1AC.35 of FRS 102, from disclosing transactions entered into between two or more wholly-owned members of the group.

The company has provided their financial support to Coolfun Limited, a wholly owned subsidiary, for at least 12 months from the approval of these financial statements.

The company acts as an agent for certain trusts and individuals related to the directors. The company pays for, and recharges in full, expenses relating to these individuals. At 31 December 2025 the aggregate balance owed to the company was £692,744 (2024: £822,744).

At the balance sheet date, the company was owed £548,582 (2024: £304,783) from the BEW No.2 Trust, £240 (2024: £2,160) from the BEW No.1 Trust, £240 (2024: £1,920) from the BEW No.3 Trust, £20,311 (2024: £21,911) from the JKW 2009 Trust and £240 (2024: £1,920) from JKW No.2 Trust, trusts for which the directors of the company are trustees.

The company has granted loans to its directors as follows:

The immediate and ultimate parent company is Coolsilk Limited, by virtue of the 100% ownership of the issued share capital.

The immediate and ultimate parent company's registered office is Orchard Villa, Top Pasture Lane, North Wheatley, Retford, DN22 9BY.