Company Registration No. 13922106 (England and Wales)
COCKTAIL HQ LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
COCKTAIL HQ LTD
COMPANY INFORMATION
Directors
Mr P M Atkins
(Appointed 17 February 2022)
Mr D Howells
(Appointed 17 February 2022)
Mr A J Rhodes
(Appointed 17 February 2022)
Company number
13922106
Registered office
The Grain Store
2-3 King Street
Wolverhampton
West Midlands
WV1 1ST
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Lloyds Bank Plc
Queen Square
Wolverhampton
West Midlands
WV1 1RF
COCKTAIL HQ LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
COCKTAIL HQ LTD
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF COCKTAIL HQ LTD FOR THE PERIOD ENDED 28 FEBRUARY 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cocktail HQ Ltd for the period ended 28 February 2023 which comprise, the 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 at http://www.icaew.com/en/members/regulations-standards-and-guidance.

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

It is your duty to ensure that Cocktail HQ 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 profit of Cocktail HQ Ltd. You consider that Cocktail HQ Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Cocktail HQ 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.

Ormerod Rutter Limited
16 November 2023
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
COCKTAIL HQ LTD
BALANCE SHEET
AS AT 28 FEBRUARY 2023
28 February 2023
- 2 -
2023
Notes
£
£
Fixed assets
Investment properties
3
78,531
Investments
4
102
78,633
Current assets
Debtors
5
287
Cash at bank and in hand
574
861
Creditors: amounts falling due within one year
6
(32,999)
Net current liabilities
(32,138)
Total assets less current liabilities
46,495
Capital and reserves
Called up share capital
7
105
Profit and loss reserves
46,390
Total equity
46,495

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

COCKTAIL HQ LTD
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023
28 February 2023
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 16 November 2023 and are signed on its behalf by:
Mr P M Atkins
Mr D Howells
Director
Director
Mr A J Rhodes
Director
Company Registration No. 13922106
COCKTAIL HQ LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023
- 4 -
1
Accounting policies
Company information

Cocktail HQ Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Grain Store, 2-3 King Street, Wolverhampton, West Midlands, WV1 1ST.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

COCKTAIL HQ LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2023
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was 3.

3
Investment property
2023
£
Fair value
At 17 February 2022
-
0
Additions
78,531
At 28 February 2023
78,531

The directors have assessed the market value of the properties and consider that there has been no significant change in the marker value at the year end.

COCKTAIL HQ LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2023
- 6 -
4
Fixed asset investments
2023
£
Investments
102
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 17 February 2022
-
Additions
102
At 28 February 2023
102
Carrying amount
At 28 February 2023
102
5
Debtors
2023
Amounts falling due within one year:
£
Deferred tax asset
287
6
Creditors: amounts falling due within one year
2023
£
Trade creditors
71
Amounts owed to group undertakings
1,488
Other creditors
31,440
32,999
7
Called up share capital
2023
£
Ordinary share capital
Issued and fully paid
105 Ordinary of £1 each
105
105

105 Ordinary shares of £1 were allotted and fully paid for cash at par during the period.

COCKTAIL HQ LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2023
- 7 -
8
Ultimate controlling party

There is no ultimate controlling party.

9
Comparatives

This is the company's first period of trade, therefore there are no comparatives.

2023-02-282022-02-17false16 November 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr P M AtkinsMr D HowellsMr A J Rhodesfalse139221062022-02-172023-02-2813922106bus:Director12022-02-172023-02-2813922106bus:Director22022-02-172023-02-2813922106bus:Director32022-02-172023-02-2813922106bus:RegisteredOffice2022-02-172023-02-2813922106bus:Agent12022-02-172023-02-28139221062023-02-2813922106core:CurrentFinancialInstruments2023-02-2813922106core:ShareCapital2023-02-2813922106core:RetainedEarningsAccumulatedLosses2023-02-2813922106core:ShareCapitalOrdinaryShares2023-02-28139221062022-02-1613922106bus:OrdinaryShareClass12022-02-172023-02-2813922106bus:OrdinaryShareClass12023-02-2813922106bus:PrivateLimitedCompanyLtd2022-02-172023-02-2813922106bus:SmallCompaniesRegimeForAccounts2022-02-172023-02-2813922106bus:FRS1022022-02-172023-02-2813922106bus:AuditExemptWithAccountantsReport2022-02-172023-02-2813922106bus:FullAccounts2022-02-172023-02-28xbrli:purexbrli:sharesiso4217:GBP