1 April 2022 false No description of principal activity Taxfiler 2023.10 01989906business:PrivateLimitedCompanyLtd2022-04-012023-03-31 019899062022-03-31 019899062022-04-012023-03-31 01989906business:AuditExemptWithAccountantsReport2022-04-012023-03-31 01989906business:FilletedAccounts2022-04-012023-03-31 019899062023-03-31 01989906business:Director12022-04-012023-03-31 01989906business:Director22022-04-012023-03-31 01989906business:CompanySecretary12022-04-012023-03-31 01989906business:RegisteredOffice2022-04-012023-03-31 019899062022-03-31 01989906core:WithinOneYear2023-03-31 01989906core:WithinOneYear2022-03-31 01989906core:AfterOneYear2023-03-31 01989906core:AfterOneYear2022-03-31 01989906core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 01989906core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 01989906core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2023-03-31 01989906core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2022-03-31 01989906core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 01989906core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 01989906core:PreviouslyStatedAmount2023-03-31 01989906core:PreviouslyStatedAmount2022-03-31 01989906business:SmallEntities2022-04-012023-03-31 01989906countries:EnglandWales2022-04-012023-03-31 019899062021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 01989906 (England and Wales)
Peter & Frances Cowen Limited Unaudited accounts for the year ended 31 March 2023
Peter & Frances Cowen Limited Unaudited accounts Contents
Page
- 2 -
Peter & Frances Cowen Limited Company Information for the year ended 31 March 2023
Directors
Mr P D Cowen Mrs A F Cowen
Secretary
Mrs A F Cowen
Company Number
01989906 (England and Wales)
Registered Office
Churchill House 137-139 Brent Street London NW4 4DJ
Accountants
Clearfin Accountants Limited Churchill House 137-139 Brent Street London NW4 4DJ
- 3 -
Peter & Frances Cowen Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
3,085,000 
3,085,000 
Current assets
Debtors
265,732 
270,596 
Cash at bank and in hand
70,256 
44,290 
335,988 
314,886 
Creditors: amounts falling due within one year
(84,756)
(118,806)
Net current assets
251,232 
196,080 
Total assets less current liabilities
3,336,232 
3,281,080 
Creditors: amounts falling due after more than one year
(33,537)
(50,447)
Provisions for liabilities
Deferred tax
(37,241)
(37,241)
Net assets
3,265,454 
3,193,392 
Capital and reserves
Called up share capital
2 
2 
Fair value reserve
818,169 
818,169 
Profit and loss account
2,447,283 
2,375,221 
Shareholders' funds
3,265,454 
3,193,392 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by
Mr P D Cowen Director Company Registration No. 01989906
- 4 -
Peter & Frances Cowen Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Peter & Frances Cowen Limited is a private company, limited by shares, registered in England and Wales, registration number 01989906. The registered office is Churchill House, 137-139 Brent Street , London, NW4 4DJ .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents rents receivable and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2023 
£ 
Fair value at 1 April 2022
3,085,000 
At 31 March 2023
3,085,000 
The investment properties were valued by the directors on an open market for existing use basis.
- 5 -
Peter & Frances Cowen Limited Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
522 
522 
Other debtors
265,210 
270,074 
265,732 
270,596 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
17,595 
17,000 
Taxes and social security
16,985 
17,748 
Other creditors
13,480 
12,080 
Loans from directors
35,256 
70,538 
Accruals
1,440 
1,440 
84,756 
118,806 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
33,537 
50,447 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 6 -