C.J. COTTERELL & SON LIMITED


Directors	COTTERELL, Lorraine Elizabeth
	HAMILTON, Frederick William Millar


Company Secretary	COTTERELL, Lorraine Elizabeth


Registered Address	Caledonia House
	89 Seaward Street
	Glasgow
	G41 1HJ


Registered Number	SC028691 (Scotland)

Statement of Financial Position
30 April 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Investment property	3		760,000		1,160,000
			760,000		1,160,000
Current assets
Debtors	4,5	144,990		74,636
Cash at bank and on hand		31,987		-
		176,977		74,636
Creditors amounts falling due within one year	6	(72,866)		(482,015)
Net current assets (liabilities)			104,111		(407,379)
Total assets less current liabilities			864,111		752,621
Creditors amounts falling due after one year	7		(34,024)		(31,392)
Net assets			830,087		721,229
Capital and reserves
Called up share capital			12,000		12,000
Other reserves			75,000		75,000
Profit and loss account			743,087		634,229
Shareholders' funds	8		830,087		721,229

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 30 October 2026, and are signed on its behalf by:

HAMILTON, Frederick William Millar
Director
Registered Company No. SC028691

C.J. COTTERELL & SON LIMITED

Notes to the Financial Statements
for the year ended 30 April 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	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. These critical accounting judgements and estimations 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

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. These critical accounting judgements and estimations 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

	Turnover policy
	Turnover, which is stated net of value added tax, represents rents receivable under operating leases. The company's policy is to recognise rental income on a straight-line basis over the term of the lease.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Investment property
	Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Investment property
	The fair value of the investment property at 30 April 2026 has been arrived at on the basis of a valuation carried out at that date by the company directors, who are not professionally qualified valuers. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in their location and takes into account the current state of the rental market in the area where the property is situated.

Investment property

The fair value of the investment property at 30 April 2026 has been arrived at on the basis of a valuation carried out at that date by the company directors, who are not professionally qualified valuers. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in their location and takes into account the current state of the rental market in the area where the property is situated.


		£
	Fair value at 01 May 25	1,160,000
	Disposals	(400,000)
	At 30 April 26	760,000

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	-	5,002
Other debtors	44,990	66,634
Prepayments and accrued income	-	3,000
Total	44,990	74,636

5.	Debtors: amounts due after one year

	2026	2025
	£	£
Other debtors	100,000	-
Total	100,000	-

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	-	82
Bank borrowings and overdrafts	2,298	417,585
Taxation and social security	43,564	38,389
Other creditors	1,785	1,784
Accrued liabilities and deferred income	25,219	24,175
Total	72,866	482,015

7.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	9,024	6,392
Other creditors	25,000	25,000
Total	34,024	31,392

8.	Fair value reserve
	The fair value reserve represents the unrealised fair value surplus created when the investment properties were revalued, less any deferred tax provision. The reserve represents non-distributable funds.


		£
	Fair value reserve at 01 May 25	75,000
	At 30 April 26	75,000

9.	Related party transactions
	At the Balance Sheet date, a balance of £141,312 (2025 - £66,634) was due from a company controlled by the directors. The amount is included in debtors, is interest free and unsecured. £100,000 is due after more than one year and the remaining £41,312 is due within one year.