REGISTERED NUMBER: 02062383 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

COTSWOLD ESTATES LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

S J England

Mrs S Paice

SECRETARY:

Mrs S M England

REGISTERED OFFICE:

High Cross Building

Lancaster Road

Hinckley

Leicestershire

LE10 0AW

REGISTERED NUMBER:

02062383 (England and Wales)

ACCOUNTANTS:

PWH Accountancy Ltd

The Counting House

High Street

Lutterworth

Leicestershire

LE17 4AY

The directors present their report with the financial statements of the company for the year ended 31 January 2026.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of commercial letting of storage facilities and other investment property.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2025 to the date of this report.

S J England

Mrs S Paice

Other changes in directors holding office are as follows:

D R England - deceased 10 February 2025

FINANCIAL INSTRUMENTS

The company has a normal level of exposure to price, credit, liquidity and cashflow risks arising from trading activities which are conducted in sterling.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mrs S Paice - Director

14 October 2026

TURNOVER

399,983

339,531

Administrative expenses

364,042

292,337

35,941

47,194

Other operating income

7,037

8,152

OPERATING PROFIT

42,978

55,346

Interest payable and similar expenses

-

869

PROFIT BEFORE TAXATION

5

42,978

54,477

Tax on profit

6

13,612

(3,634

)

PROFIT FOR THE FINANCIAL YEAR

29,366

58,111

FIXED ASSETS

Tangible assets

8

2,156,461

1,219,844

CURRENT ASSETS

Debtors

9

1,394

166,251

Cash at bank

60,735

819,310

62,129

985,561

CREDITORS

Amounts falling due within one year

10

259,895

252,315

NET CURRENT (LIABILITIES)/ASSETS

(197,766

)

733,246

TOTAL ASSETS LESS CURRENT LIABILITIES

1,958,695

1,953,090

PROVISIONS FOR LIABILITIES

11

33,198

36,559

NET ASSETS

1,925,497

1,916,531

CAPITAL AND RESERVES

Called up share capital

12

500

500

Other reserves

13

347,829

347,829

Retained earnings

13

1,577,168

1,568,202

SHAREHOLDERS' FUNDS

1,925,497

1,916,531

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2026 and were signed on its behalf by:

Mrs S Paice - Director

S J England - Director

1.	STATUTORY INFORMATION

Cotswold Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty

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

Turnover

Revenue comprises the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Revenue is shown net of VAT and trade discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity . The amount of revenue is not considered to be reliably measurable until all contingencies relating to the sale have been resolved. The company bases its estimates on historical results, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Financial instruments

Financial assets

Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities

The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.

Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Rental income

Rental income is accounted for on a receivable basis and, therefore, no adjustment is made for rental income received in advance.

Bank interest

On new developments bank interest is capitalised up to the date the whole development is available for letting, after which date the interest is charged to Profit and Loss Account.

4.	EMPLOYEES AND DIRECTORS

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

5.	PROFIT BEFORE TAXATION

The profit is stated after charging:

31.1.26

31.1.25

£

£

Depreciation - owned assets

23,170

27,436

6.

TAXATION

Analysis of the tax charge/(credit)

The tax charge/(credit) on the profit for the year was as follows:

31.1.26

31.1.25

£

£

Current tax:

UK corporation tax

14,105

7,306

Prior year adjustment

2,868

-

Total current tax

16,973

7,306

Deferred tax

(3,361

)

(10,940

)

Tax on profit

13,612

(3,634

)

7.

DIVIDENDS

31.1.26

31.1.25

£

£

Interim

20,400

20,400

8.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST OR VALUATION

At 1 February 2025

1,073,611

285,198

5,238

1,364,047

Additions

950,058

-

10,343

960,401

Disposals

-

-

(5,238

)

(5,238

)

At 31 January 2026

2,023,669

285,198

10,343

2,319,210

DEPRECIATION

At 1 February 2025

-

139,620

4,583

144,203

Charge for year

-

21,837

1,333

23,170

Eliminated on disposal

-

-

(4,624

)

(4,624

)

At 31 January 2026

-

161,457

1,292

162,749

NET BOOK VALUE

At 31 January 2026

2,023,669

123,741

9,051

2,156,461

At 31 January 2025

1,073,611

145,578

655

1,219,844

Cost or valuation at 31 January 2026 is represented by:

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

Valuation in 2026

2,023,669

285,198

10,343

2,319,210

If freehold property had not been revalued it would have been included at the following historical cost:

31.1.26

31.1.25

£

£

Cost

1,655,840

705,782

Freehold property was valued on an open market basis on 31 January 2026 by the directors .

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Amounts owed by group undertakings

-

25,200

Other debtors

-

139,884

Prepayments

1,394

1,167

1,394

166,251

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade creditors

35,877

27,750

Amounts owed to group undertakings

12,000

12,000

Tax

14,105

7,306

Social security and other taxes

2,543

2,562

VAT

13,432

20,895

Accrued expenses

181,938

181,802

259,895

252,315

11.	PROVISIONS FOR LIABILITIES

31.1.26

31.1.25

£

£

Deferred tax

33,198

36,559

Deferred

tax

£

Balance at 1 February 2025

36,559

Credit to Income Statement during year

(3,361

)

Balance at 31 January 2026

33,198

12.	CALLED UP SHARE CAPITAL

Allotted issued and fully paid:

nominal 2023 2022

Number Class value £ £

500 Ordinary £1 500 500

13.

RESERVES

Retained

Other

earnings

reserves

Totals

£

£

£

At 1 February 2025

1,568,202

347,829

1,916,031

Profit for the year

29,366

29,366

Dividends

(20,400

)

(20,400

)

At 31 January 2026

1,577,168

347,829

1,924,997

14.	ULTIMATE CONTROLLING PARTY

At 31 January 2026, the company was a wholly-owned subsidiary of DRE Group Limited.

The ultimate controlling party was Mrs S M England by reason of her controlling interest in the shares of the parent company.

Included in debtors on the balance sheet at 31 January 2025 was a loan to the late Mr D R England of £139,864 This loan was repaid in full during the year.

.