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REGISTERED NUMBER: 01269335 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Cobra 1997 Limited

Cobra 1997 Limited (Registered number: 01269335)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Cobra 1997 Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: B L Bane
A G Bane





SECRETARY: A G Bane





REGISTERED OFFICE: Reedside Farm
Antrobus
Northwich
Cheshire
CW9 6JL





REGISTERED NUMBER: 01269335 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Cobra 1997 Limited (Registered number: 01269335)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Investments 5 66,413 67,752
Investment property 6 - 330,000
66,413 397,752

CURRENT ASSETS
Debtors 7 304 297
Cash at bank and in hand 329,855 18,995
330,159 19,292
CREDITORS
Amounts falling due within one year 8 (260,103 ) (241,619 )
NET CURRENT ASSETS/(LIABILITIES) 70,056 (222,327 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,469

175,425

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 135,469 174,425
SHAREHOLDERS' FUNDS 136,469 175,425

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

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

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 Statement of Income and Retained Earnings has not been delivered.

Cobra 1997 Limited (Registered number: 01269335)

Statement of Financial Position - continued
31 July 2023



The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:





B L Bane - Director


Cobra 1997 Limited (Registered number: 01269335)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Cobra 1997 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Cobra 1997 Limited (Registered number: 01269335)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 August 2022 67,752
Additions 710
Disposals (1,228 )
Revaluations (821 )
At 31 July 2023 66,413
NET BOOK VALUE
At 31 July 2023 66,413
At 31 July 2022 67,752

Cost or valuation at 31 July 2023 is represented by:

Listed
investments
£   
Valuation in 2021 74,020
Valuation in 2022 (6,268 )
Valuation in 2023 (1,339 )
66,413

6. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 August 2022 330,000
Disposals (330,000 )
At 31 July 2023 -
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 330,000

If the investment property had not been revalued it would have been included in the accounts at historical cost of £198,540 (2022:£198,540).

The investment property was valued on an open market basis on 31 July 2022 by the directors.

The investment property was sold during the year.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Prepayments 304 297

Cobra 1997 Limited (Registered number: 01269335)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Corporate taxation 19,344 824
Amounts due to Cobra Studios Limited 134,149 134,389
Directors' current accounts 105,101 105,041
Accruals & deferred income 1,509 1,365
260,103 241,619

9. RELATED PARTY DISCLOSURES

The directors are also directors and shareholders of Cobra Studios Limited. The amount due on Cobra Studios Limited loan account at 31 July 2023 was £134,149 due to Cobra Studios Limited (2022 £134,389 due to Cobra Studios Limited).

10. CONTROL RELATIONSHIPS

B L Bane, director and shareholder, is the controlling party.


Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Cobra 1997 Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cobra 1997 Limited for the year ended 31 July 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cobra 1997 Limited, as a body, in accordance with the terms of our engagement letter dated 30 November 1999. Our work has been undertaken solely to prepare for your approval the financial statements of Cobra 1997 Limited and state those matters that we have agreed to state to the Board of Directors of Cobra 1997 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cobra 1997 Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cobra 1997 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Cobra 1997 Limited. You consider that Cobra 1997 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 financial statements of Cobra 1997 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 financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


18 October 2023