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REGISTERED NUMBER: 09925892 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

COSGROVE LIMITED

COSGROVE LIMITED (REGISTERED NUMBER: 09925892)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COSGROVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: P A Dalton
Mrs L Bold





REGISTERED OFFICE: Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH





REGISTERED NUMBER: 09925892 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

COSGROVE LIMITED (REGISTERED NUMBER: 09925892)

BALANCE SHEET
31 MARCH 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,235,000 1,235,000

CURRENT ASSETS
Debtors 5 2,785 351
Cash at bank 452 12,447
3,237 12,798
CREDITORS
Amounts falling due within one year 6 903,603 935,654
NET CURRENT LIABILITIES (900,366 ) (922,856 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

334,634

312,144

PROVISIONS FOR LIABILITIES 7 42,010 42,010
NET ASSETS 292,624 270,134

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 292,524 270,034
SHAREHOLDERS' FUNDS 292,624 270,134

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

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

COSGROVE LIMITED (REGISTERED NUMBER: 09925892)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2023 and were signed on its behalf by:




P A Dalton - Director



Mrs L Bold - Director


COSGROVE LIMITED (REGISTERED NUMBER: 09925892)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Cosgrove 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.

Turnover
Turnover represents rental income.

Investment property
Investment property is included at fair value. Gains and losses arising from changes in the fair value if the investment properties are included in the income statement in the period in which they arise.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Going concern
The directors considered the potential effects of the Covid 19 virus on the company's ability to continue as a going concern. There is reasonable expectation that the company had adequate resources to continue in operational existence for the foreseeable future on the basis that the main creditors are the company's directors and they will not look to recover the balances owed unless the company is able to meet its existing liabilities. Therefore, the company continues to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

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

COSGROVE LIMITED (REGISTERED NUMBER: 09925892)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,235,000
NET BOOK VALUE
At 31 March 2023 1,235,000
At 31 March 2022 1,235,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2022 279,886
Cost 955,114
1,235,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Prepayments and accrued income 2,785 351

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Tax 5,269 1,580
Other creditors 4,740 5,084
Directors' current accounts 870,228 905,554
Accrued expenses 23,366 23,436
903,603 935,654

7. PROVISIONS FOR LIABILITIES
31/3/23 31/3/22
£    £   
Deferred tax
Other timing differences 42,010 42,010

Deferred
tax
£   
Balance at 1 April 2022 42,010
Balance at 31 March 2023 42,010

COSGROVE LIMITED (REGISTERED NUMBER: 09925892)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/23 31/3/22
value: £    £   
100 Ordinary £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31/3/23 31/3/22
£    £   
P A Dalton and Mrs L Bold
Balance outstanding at start of year (905,554 ) (900,294 )
Amounts advanced 65,000 29,508
Amounts repaid (29,674 ) (34,768 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (870,228 ) (905,554 )

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors as disclosed in the Directors' Report on page 2.