Registered number
07782836
Cobden Partners Limited
Unaudited Filleted Accounts
31 March 2023
Cobden Partners Limited
Company Information
Directors
Mr G A Kerr
Mr C R De La Fuente
Accountants
Keith Graham
Chartered Accountants
Suite 2, Wesley Chambers
Queens Road
Aldershot
Hampshire
GU11 3JD
Registered office
Suite 2, Wesley Chambers
Queens Road
Aldershot
Hampshire
GU11 3JD
Registered number
07782836
Cobden Partners Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Cobden Partners Limited for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cobden Partners Limited for the year ended 31 March 2023 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/ members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Cobden Partners Limited, as a body, in accordance with the terms of our engagement letter dated 3 October 2023. Our work has been undertaken solely to prepare for your approval the accounts of Cobden Partners Limited and state those matters that we have agreed to state to the Board of Directors of Cobden Partners Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cobden Partners Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Cobden Partners Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Cobden Partners Limited. You consider that Cobden Partners 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 accounts of Cobden Partners 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 accounts.
Keith Graham
Chartered Accountants
Suite 2, Wesley Chambers
Queens Road
Aldershot
Hampshire
GU11 3JD
17 October 2023
Cobden Partners Limited
Registered number: 07782836
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 - 38
Cash at bank and in hand 2,688 3,311
2,688 3,349
Creditors: amounts falling due within one year 4 (3,936) (4,597)
Net current liabilities (1,248) (1,248)
Net liabilities (1,248) (1,248)
Capital and reserves
Called up share capital 2 2
Profit and loss account (1,250) (1,250)
Shareholders' funds (1,248) (1,248)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr G A Kerr
Director
Approved by the board on 12 October 2023
Cobden Partners Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). These accounts are not prepared on a going concern basis as the company has ceased to trade and is now insolvent but for the support of the directors.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. The company has not traded during the year.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Debtors 2023 2022
£ £
Other debtors - 38
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 3,936 4,597
5 Other information
Cobden Partners Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 2, Wesley Chambers
Queens Road
Aldershot
Hampshire
GU11 3JD
These accounts are presented in Sterling, the company's functional currency.
Cobden Partners Limited 07782836 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts April 2022 No description of principal activity 07782836 2021-04-01 2022-03-31 07782836 core:WithinOneYear 2022-03-31 07782836 core:ShareCapital 2022-03-31 07782836 core:RetainedEarningsAccumulatedLosses 2022-03-31 07782836 2022-04-01 2023-03-31 07782836 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07782836 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07782836 bus:Director1 2022-04-01 2023-03-31 07782836 bus:Director2 2022-04-01 2023-03-31 07782836 countries:England 2022-04-01 2023-03-31 07782836 bus:FRS102 2022-04-01 2023-03-31 07782836 bus:FullAccounts 2022-04-01 2023-03-31 07782836 2023-03-31 07782836 core:WithinOneYear 2023-03-31 07782836 core:ShareCapital 2023-03-31 07782836 core:RetainedEarningsAccumulatedLosses 2023-03-31 07782836 2022-03-31 iso4217:GBP xbrli:pure