Company Registration No. 01184407 (England and Wales)
COSSACK LANE HOUSE (WINCHESTER) LIMITED
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
PAGES FOR FILING WITH REGISTRAR
COSSACK LANE HOUSE (WINCHESTER) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2022
31 March 2022
1
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
3
185,000
185,000
Current assets
Debtors
4
309
765
Cash at bank and in hand
59,700
67,452
60,009
68,217
Creditors: amounts falling due within one year
5
(48,797)
(39,806)
Net current assets
11,212
28,411
Net assets
196,212
213,411
Capital and reserves
Called up share capital
6
36
36
Revaluation reserve
185,000
185,000
Profit and loss reserves
11,176
28,375
Total equity
196,212
213,411

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

COSSACK LANE HOUSE (WINCHESTER) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2022
31 March 2022
2
The financial statements were approved by the board of directors and authorised for issue on 1 August 2022 and are signed on its behalf by:
W Klewe
Director
Company Registration No. 01184407
COSSACK LANE HOUSE (WINCHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
3
1
Accounting policies
Company information

Cossack Lane House (Winchester) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 62 Rumbridge Street, Totton, Southampton, SO40 9DS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties. The principal accounting policies adopted are set out below.

1.2
Turnover
Income represents the total amount receivable by the company for management charges and rental income, and is recognised in the period to which they relate.
1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings
not provided for

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

The property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in the market value is transferred to a revaluation reserve.
COSSACK LANE HOUSE (WINCHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
1
Accounting policies (Continued)
4
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

1.6
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

COSSACK LANE HOUSE (WINCHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
5
2
Employees
2022
2021
Number
Number
Total
-
0
-
0
3
Tangible fixed assets
Land and buildings
£
Cost or valuation
At 1 April 2021 and 31 March 2022
185,000
Depreciation and impairment
At 1 April 2021 and 31 March 2022
-
0
Carrying amount
At 31 March 2022
185,000
At 31 March 2021
185,000

Land and buildings were last valued on 31 March 2022 by Mr A Davis of Winchester Residential Sales Limited.

4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
309
765
COSSACK LANE HOUSE (WINCHESTER) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
6
5
Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
-
0
108
Taxation and social security
1,145
1,091
Other creditors
47,652
38,607
48,797
39,806

Included within Other Creditors is £45,625 (2020: £37,125) in respect of a lift fund.

6
Called up share capital
2022
2021
£
£
Ordinary share capital
Issued and fully paid
36 ordinary shares of £1 each
36
36
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