CORAL MILLS LIMITED

Unaudited Financial Statements

for the Year Ended 30 April 2026

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

Chartered Accountants' Report

8

DIRECTORS:

G L Valente

J A Valente

L G Valente

S Valente

REGISTERED OFFICE:

Coral Mills

Halifax Road

Bradford

West Yorkshire

BD6 2DN

REGISTERED NUMBER:

03758612 (England and Wales)

ACCOUNTANTS:

Botros & Co

4 Northwest Business Park

Servia Hill

Leeds

West Yorkshire

LS6 2QH

BANKERS:

HSBC Bank plc

PO Box 105

33 Park Row

Leeds

West Yorkshire

LS1 1LD

FIXED ASSETS

Tangible assets

4

94,091

97,745

Investment property

5

2,755,309

1,970,085

2,849,400

2,067,830

CURRENT ASSETS

Debtors

6

264,063

71,780

Cash at bank and in hand

218,684

275,327

482,747

347,107

CREDITORS

Amounts falling due within one year

7

424,727

359,037

NET CURRENT ASSETS/(LIABILITIES)

58,020

(11,930

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,907,420

2,055,900

CREDITORS

Amounts falling due after more than one year

8

(1,378,563

)

(1,053,133

)

PROVISIONS FOR LIABILITIES

(3,800

)

(3,800

)

NET ASSETS

1,525,057

998,967

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

10

1,524,057

997,967

SHAREHOLDERS' FUNDS

1,525,057

998,967

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2026 and were signed on its behalf by:

G L Valente - Director

1.	STATUTORY INFORMATION

Coral Mills 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Short leasehold

-

2% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost and 10 years

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2025

122,925

47,490

5,700

176,115

Additions

-

24,000

-

24,000

Disposals

-

(16,900

)

-

(16,900

)

At 30 April 2026

122,925

54,590

5,700

183,215

DEPRECIATION

At 1 May 2025

62,617

11,953

3,800

78,370

Charge for year

2,458

6,396

1,900

10,754

At 30 April 2026

65,075

18,349

5,700

89,124

NET BOOK VALUE

At 30 April 2026

57,850

36,241

-

94,091

At 30 April 2025

60,308

35,537

1,900

97,745

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2025

1,970,085

Additions

753,224

Revaluations

32,000

At 30 April 2026

2,755,309

NET BOOK VALUE

At 30 April 2026

2,755,309

At 30 April 2025

1,970,085

Included in fair value of investment property is freehold land of £ 190,000 (2025 - £ 190,000 ) which is not depreciated.

Fair value at 30 April 2026 is represented by:

£

Valuation in 2022

20,000

Valuation in 2026

32,000

Cost

2,703,309

2,755,309

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

30.4.26

30.4.25

£

£

Cost

102,667

102,667

Investment property was valued on an open market basis on 30 April 2026 by Estate Agents Evaluation .

6.

DEBTORS

30.4.26

30.4.25

£

£

Amounts falling due within one year:

Trade debtors

12,585

3,418

Staff loans

-

15,000

Coral Windows (Bradford) Ltd

99,644

50,653

Prepayments

16,834

2,709

129,063

71,780

Amounts falling due after more than one year:

L V Homes Limited

135,000

-

Aggregate amounts

264,063

71,780

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

£

Bank loans and overdrafts

88,913

88,913

Trade creditors

71,220

70,007

Tax

211,301

152,576

VAT

41,361

33,901

Directors' loan accounts

145

-

Accrued expenses

11,787

13,640

424,727

359,037

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.26

30.4.25

£

£

Bank loans - 2-5 years

658,563

703,133

Coral Windows (Bradford) Ltd

350,000

350,000

Coral Windows Limited

370,000

-

1,378,563

1,053,133

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.26

30.4.25

value:

£

£

400

Ordinary Share A

£1

400

400

200

Ordianry Share B

£1

200

200

200

Ordinary Share C

£1

200

200

200

Ordinary Share D

£1

200

200

1,000

1,000

10.

RESERVES

Retained

earnings

£

At 1 May 2025

997,967

Profit for the year

662,250

Dividends

(136,160

)

At 30 April 2026

1,524,057

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Coral Mills Limited for the year ended 30 April 2026 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we am subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Coral Mills Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Coral Mills Limited and state those matters that we have agreed to state to the Board of Directors of Coral Mills Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coral Mills Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Coral Mills Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Coral Mills Limited. You consider that Coral Mills Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Coral Mills Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Botros & Co

4 Northwest Business Park

Servia Hill

Leeds

West Yorkshire

LS6 2QH

4 November 2026