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REGISTERED NUMBER: 00797187 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

COUSINS HOLDINGS LIMITED

COUSINS HOLDINGS LIMITED (REGISTERED NUMBER: 00797187)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COUSINS HOLDINGS LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2023







DIRECTORS: A E G Cousins
R A J Cousins





REGISTERED OFFICE: Five Ways
57-59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS





REGISTERED NUMBER: 00797187 (England and Wales)





ACCOUNTANTS: SRG Newmans Ltd
Chartered Certified Accountants
Five Ways
57/59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS

COUSINS HOLDINGS LIMITED (REGISTERED NUMBER: 00797187)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 94
Investments 5 500 500
500 594

CURRENT ASSETS
Stocks 673,329 562,728
Debtors 6 701,357 551,905
Cash at bank 54,726 43,978
1,429,412 1,158,611
CREDITORS
Amounts falling due within one year 7 1,400,610 1,068,850
NET CURRENT ASSETS 28,802 89,761
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,302

90,355

CAPITAL AND RESERVES
Called up share capital 1,280 1,280
Share premium 71,520 71,520
Other reserves 200 200
Retained earnings (43,698 ) 17,355
SHAREHOLDERS' FUNDS 29,302 90,355

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

COUSINS HOLDINGS LIMITED (REGISTERED NUMBER: 00797187)

BALANCE SHEET - continued
31 MARCH 2023


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 19 September 2023 and were signed on its behalf by:





A E G Cousins - Director


COUSINS HOLDINGS LIMITED (REGISTERED NUMBER: 00797187)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2023

1. STATUTORY INFORMATION

Cousins Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

COUSINS HOLDINGS LIMITED (REGISTERED NUMBER: 00797187)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Turnover
Rental income is measured at the fair value of the consideration received or receivable. Rental income is reduced for estimated customer returns, rebates and other similar allowances.

Going concern
After reviewing the company's figures and projections, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, and that the parent company have confirmed their continued financial support as required. The company therefore continues to adopt the going concern basis in preparing its financial statements.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022
and 31 March 2023 1,125
DEPRECIATION
At 1 April 2022 1,031
Charge for year 94
At 31 March 2023 1,125
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 94

COUSINS HOLDINGS LIMITED (REGISTERED NUMBER: 00797187)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 500
NET BOOK VALUE
At 31 March 2023 500
At 31 March 2022 500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 327
Amounts owed by group undertakings 694,500 544,500
Other debtors 6,857 7,078
701,357 551,905

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 747 5,063
Amounts owed to group undertakings 1,397,363 1,057,363
Taxation and social security - 3,924
Other creditors 2,500 2,500
1,400,610 1,068,850

8. RELATED PARTY DISCLOSURES

The following amounts are owed from associated companies:

Southchurch Holdings Limited: £694,500 (2022: £544,500)

The following amounts are owed to an associated company:

Chelico Holdings Limited: £1,397,363 (2022: £1,057,363)