REGISTERED NUMBER: 10573033 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Cole Property Development Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N Cole

REGISTERED OFFICE:

33 Westlands Road

Sproatley

Hull

East Yorkshire

HU11 4XA

REGISTERED NUMBER:

10573033 (England and Wales)

ACCOUNTANTS:

C. Hart & Company (Hull) Limited

74 Kenilworth Avenue

Hull

HU5 4BH

FIXED ASSETS

Tangible assets

4

5,124

10,247

CURRENT ASSETS

Stocks

17,949

20,633

Debtors

5

59,691

69,070

Cash at bank and in hand

11,185

606

88,825

90,309

CREDITORS

Amounts falling due within one year

6

28,981

30,497

NET CURRENT ASSETS

59,844

59,812

TOTAL ASSETS LESS CURRENT LIABILITIES

64,968

70,059

CREDITORS

Amounts falling due after more than one year

7

(62,995

)

(68,110

)

PROVISIONS FOR LIABILITIES

8

(974

)

(1,947

)

NET ASSETS

999

2

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

997

-

SHAREHOLDERS' FUNDS

999

2

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 5 November 2026 and were signed by:

N Cole - Director

1.	STATUTORY INFORMATION

Cole Property Development Ltd 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.

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.

Plant and machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 April 2025

and 31 March 2026

30,445

DEPRECIATION

At 1 April 2025

20,198

Charge for year

5,123

At 31 March 2026

25,321

NET BOOK VALUE

At 31 March 2026

5,124

At 31 March 2025

10,247

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

14,350

1,823

Other debtors

35,000

40,000

Directors' current accounts

5,841

22,747

Prepayments

4,500

4,500

59,691

69,070

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

9,475

11,434

Hire purchase contracts

5,630

5,630

Trade creditors

(1

)

330

Tax

9,618

5,158

Social security and other taxes

748

-

VAT

1,511

5,945

Accrued expenses

2,000

2,000

28,981

30,497

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans - 1-2 years

-

655

Other loans more 5yrs non-inst

55,000

55,000

Hire purchase contracts

7,995

12,455

62,995

68,110

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

55,000

55,000

8.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

974

1,947

Deferred

tax

£

Balance at 1 April 2025

1,947

Credit to Income Statement during year

(973

)

Balance at 31 March 2026

974

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

N Cole

Balance outstanding at start of year

22,746

14,322

Amounts advanced

32,671

53,787

Amounts repaid

(49,576

)

(45,363

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,841

22,746