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REGISTERED NUMBER: 08902670 (England and Wales)











MSC COOTE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28 FEBRUARY 2023






MSC COOTE LTD (REGISTERED NUMBER: 08902670)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3

Chartered accountants' report 6

MSC COOTE LTD

COMPANY INFORMATION
for the year ended 28 February 2023







DIRECTOR: M P Speller





REGISTERED OFFICE: Lygon House
50 London Road
Bromley
Kent
BR1 3RA





REGISTERED NUMBER: 08902670 (England and Wales)





ACCOUNTANTS: Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

MSC COOTE LTD (REGISTERED NUMBER: 08902670)

BALANCE SHEET
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,235 1,543
Investments 5 130,862 143,587
132,097 145,130

CURRENT ASSETS
Debtors 6 83,967 29,634
Cash at bank 80,126 157,457
164,093 187,091
CREDITORS
Amounts falling due within one year 7 19,260 33,274
NET CURRENT ASSETS 144,833 153,817
TOTAL ASSETS LESS CURRENT
LIABILITIES

276,930

298,947

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 276,830 298,847
276,930 298,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements were approved by the director and authorised for issue on 30 October 2023 and were signed by:



M P Speller - Director


MSC COOTE LTD (REGISTERED NUMBER: 08902670)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2023

1. STATUTORY INFORMATION

Msc Coote Ltd 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. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

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 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.

3. EMPLOYEES AND DIRECTORS

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

MSC COOTE LTD (REGISTERED NUMBER: 08902670)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2022
and 28 February 2023 3,767
DEPRECIATION
At 1 March 2022 2,224
Charge for year 308
At 28 February 2023 2,532
NET BOOK VALUE
At 28 February 2023 1,235
At 28 February 2022 1,543

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2022 143,587
Revaluations (12,725 )
At 28 February 2023 130,862
NET BOOK VALUE
At 28 February 2023 130,862
At 28 February 2022 143,587

Cost or valuation at 28 February 2023 is represented by:

Other
investments
£   
Valuation in 2022 (7,827 )
Valuation in 2023 (12,724 )
Cost 151,413
130,862

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 240 240
Other debtors 83,727 29,394
83,967 29,634

MSC COOTE LTD (REGISTERED NUMBER: 08902670)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,879 -
Taxation and social security - 17,377
Other creditors 17,381 15,897
19,260 33,274

8. RELATED PARTY DISCLOSURES

As at the balance sheet date the director owed the company £63,383.93 (2022 - £13,383.93). £50,000 was repaid within 9 months of the balance sheet date.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MSC COOTE LTD

The following reproduces the text of the report prepared for the director 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 Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director 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 Msc Coote Ltd for the year ended 28 February 2023 which comprise the Statement of income and retained earnings, Balance sheet 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 director of Msc Coote Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Msc Coote Ltd and state those matters that we have agreed to state to the director of Msc Coote Ltd 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 Msc Coote Ltd and its director for our work or for this report.

It is your duty to ensure that Msc Coote Ltd 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 Msc Coote Ltd. You consider that Msc Coote Ltd 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 Msc Coote Ltd. 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.






Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA


30 October 2023