REGISTERED NUMBER: 01873570 (England and Wales)

COLBURN DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST JANUARY 2026

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Mr M O Evans

Mr T E Evans

Mr F J Evans

SECRETARY:

Mr M O Evans

REGISTERED OFFICE:

43-45 Devizes Road

SWINDON

Wiltshire

SN1 4BG

REGISTERED NUMBER:

01873570 (England and Wales)

ACCOUNTANTS:

Morris Owen

Chartered Accountants

43-45 Devizes Road

SWINDON

Wiltshire

SN1 4BG

BANKERS:

Lloyds Bank Plc

5 High Street

Old Town

SWINDON

Wiltshire

SN1 3ED

FIXED ASSETS

Tangible assets

4

3,382

16,211

Investments

5

50

50

3,432

16,261

CURRENT ASSETS

Stocks

592,757

661,527

Debtors

6

596,257

654,201

Cash at bank

111,502

141,021

1,300,516

1,456,749

CREDITORS

Amounts falling due within one year

7

745,174

768,611

NET CURRENT ASSETS

555,342

688,138

TOTAL ASSETS LESS CURRENT LIABILITIES

558,774

704,399

CREDITORS

Amounts falling due after more than one year

8

7,645

10,869

NET ASSETS

551,129

693,530

CAPITAL AND RESERVES

Called up share capital

10

2,500

2,500

Share premium

2,000

2,000

Capital redemption reserve

2,500

2,500

Retained earnings

544,129

686,530

SHAREHOLDERS' FUNDS

551,129

693,530

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2026 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 22nd October 2026 and were signed on its behalf by:

Mr M O Evans - Director

1.	STATUTORY INFORMATION

Colburn Developments Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01873570

Registered office: 43-45 Devizes Road, Swindon, Wiltshire, SN1 4BG

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest pound.

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.

Significant judgements and estimates

In preparing these financial statements, the directors have made the following judgements:

- Determine the period of useful economic life and any residual value of all tangible fixed assets order to write off the value of each asset over that period.

- Determine an appropriate provision for bad and doubtful debts by assessing the recoverability of all balances on a balance by balance basis.

- The directors review work in progress in regards to the stage of completion, in order to assess the point in which turnover is recognised.

- Determine an appropriate provision for dilapidations by assessing the probable future obligations expected to exist at the end of the property lease.

Turnover

The directors review work in progress in regards to the stage of completion, in order to assess the point in which turnover is recognised.

Turnover is measured at the fair value of consideration received, for services provided, excluding discounts, rebates, VAT and other sales taxes or duty.

Tangible fixed assets

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

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

Office and computer equipment

-

25% on cost

Investments in associates

Investments in associate undertakings are recognised at cost.

Work in progress

Work in progress is valued at the amount chargeable on a contract by contract basis, based on the level of completion of the job. The profit element of the contract is recognised to the extent that the ultimate profitability of the contract is reasonably certain.

Amounts uninvoiced at the year end relating to contributions to overheads are presented within other debtors. This policy gives a more true and fair classification of the assets concerned.

Financial instruments

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st February 2025

194,141

Disposals

(14,555

)

At 31st January 2026

179,586

DEPRECIATION

At 1st February 2025

177,930

Charge for year

2,215

Eliminated on disposal

(3,941

)

At 31st January 2026

176,204

NET BOOK VALUE

At 31st January 2026

3,382

At 31st January 2025

16,211

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1st February 2025

and 31st January 2026

50

NET BOOK VALUE

At 31st January 2026

50

At 31st January 2025

50

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

596,257

654,201

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

63,806

227,578

Taxation and social security

3,964

14,296

Other creditors

677,404

526,737

745,174

768,611

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Trade creditors

7,645

10,869

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

29,444

30,438

Between one and five years

72,986

102,430

102,430

132,868

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

2,500

Ordinary

2500

2,500

2,500

11.	RELATED PARTY DISCLOSURES

The following related party transactions took place during the year:-

Outstanding balances owed to/from a company/companies that Colburn Developments Limited holds a participating interest in:-

2026

2025

£

£

Interest free loans owed to Colburn Developments Limited

317,844

259,551

Interest free loans owed from Colburn Developments Limited

273,006

81,434

All payable/repayable on demand.