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REGISTERED NUMBER: 14185092 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 21 JUNE 2022 TO 31 MARCH 2023

FOR

COTMER HOLDINGS LIMITED

COTMER HOLDINGS LIMITED (REGISTERED NUMBER: 14185092)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 21 JUNE 2022 TO 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COTMER HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 21 JUNE 2022 TO 31 MARCH 2023







DIRECTORS: Mr A T Oven
Mrs H F Oven
Mr C Oven
Miss H F Oven





REGISTERED OFFICE: 54 Thorpe Road
Norwich
Norfolk
NR1 1RY





REGISTERED NUMBER: 14185092 (England and Wales)





ACCOUNTANTS: Berry & Warren Ltd
Chartered Accountants
54 Thorpe Road
Norwich
Norfolk
NR1 1RY

COTMER HOLDINGS LIMITED (REGISTERED NUMBER: 14185092)

BALANCE SHEET
31 MARCH 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,745,738
Investments 5 100
1,745,838

CURRENT ASSETS
Cash at bank 367,771

CREDITORS
Amounts falling due within one year 6 1,467,773
NET CURRENT LIABILITIES (1,100,002 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

645,836

CREDITORS
Amounts falling due after more than one
year

7

621,208
NET ASSETS 24,628

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 24,528
24,628

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

COTMER HOLDINGS LIMITED (REGISTERED NUMBER: 14185092)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by:





Mr A T Oven - Director


COTMER HOLDINGS LIMITED (REGISTERED NUMBER: 14185092)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 21 JUNE 2022 TO 31 MARCH 2023

1. STATUTORY INFORMATION

Cotmer 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.

The directors have considered the company's position at the time of signing the financial statements. After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

Preparation of consolidated financial statements
The financial statements contain information about Cotmer Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

The following criteria must also be met before revenue is recognised:

Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property - 2% straight line
Freehold land - not depreciated

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

COTMER HOLDINGS LIMITED (REGISTERED NUMBER: 14185092)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 21 JUNE 2022 TO 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.

Taxation
Taxation for the period 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 period 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.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

COTMER HOLDINGS LIMITED (REGISTERED NUMBER: 14185092)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 21 JUNE 2022 TO 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
Additions 1,752,500
At 31 March 2023 1,752,500
DEPRECIATION
Charge for period 6,762
At 31 March 2023 6,762
NET BOOK VALUE
At 31 March 2023 1,745,738

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 100
At 31 March 2023 100
NET BOOK VALUE
At 31 March 2023 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 24,818
Trade creditors 34
Amounts owed to group undertakings 1,419,465
Taxation and social security 16,844
Other creditors 6,612
1,467,773

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 621,208

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 500,960

COTMER HOLDINGS LIMITED (REGISTERED NUMBER: 14185092)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 21 JUNE 2022 TO 31 MARCH 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 646,026

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A T Oven.