2022-04-01 2023-05-31 false Capium Accounts Production 1.1 10094829 bus:FullAccounts 2022-04-01 2023-05-31 10094829 bus:FRS102 2022-04-01 2023-05-31 10094829 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-05-31 10094829 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-05-31 10094829 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-05-31 10094829 2022-04-01 2023-05-31 10094829 2023-05-31 10094829 bus:RegisteredOffice 2022-04-01 2023-05-31 10094829 core:WithinOneYear 2023-05-31 10094829 core:AfterOneYear 2023-05-31 10094829 bus:Director1 2022-04-01 2023-05-31 10094829 bus:Director1 2023-05-31 10094829 bus:Director1 2021-04-01 2022-03-31 10094829 bus:Director2 2022-04-01 2023-05-31 10094829 bus:Director2 2023-05-31 10094829 bus:Director2 2021-04-01 2022-03-31 10094829 2021-04-01 10094829 bus:CompanySecretary1 2022-04-01 2023-05-31 10094829 bus:LeadAgentIfApplicable 2022-04-01 2023-05-31 10094829 2021-04-01 2022-03-31 10094829 2022-03-31 10094829 core:WithinOneYear 2022-03-31 10094829 core:AfterOneYear 2022-03-31 10094829 bus:EntityAccountantsOrAuditors 2021-04-01 2022-03-31 10094829 bus:OrdinaryShareClass1 2022-04-01 2023-05-31 10094829 bus:OrdinaryShareClass1 2023-05-31 10094829 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 10094829 bus:OrdinaryShareClass1 2022-03-31 10094829 core:InvestmentProperties 2022-04-01 2023-05-31 10094829 core:InvestmentProperties 2023-05-31 10094829 core:InvestmentProperties 2022-03-31 10094829 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-05-31 10094829 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-03-31 10094829 core:CostValuation core:Non-currentFinancialInstruments 2023-05-31 10094829 core:CostValuation core:Non-currentFinancialInstruments 2022-03-31 10094829 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-05-31 10094829 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-05-31 10094829 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-05-31 10094829 core:Non-currentFinancialInstruments 2023-05-31 10094829 core:Non-currentFinancialInstruments 2022-03-31 10094829 core:ShareCapital 2023-05-31 10094829 core:ShareCapital 2022-03-31 10094829 core:RetainedEarningsAccumulatedLosses 2023-05-31 10094829 core:RetainedEarningsAccumulatedLosses 2022-03-31 10094829 core:ShareCapitalOrdinaryShares 2022-04-01 10094829 core:ShareCapitalOrdinaryShares 2021-04-01 10094829 core:ShareCapitalOrdinaryShares 2022-04-01 2023-05-31 10094829 core:ShareCapitalOrdinaryShares 2021-04-01 2022-03-31 10094829 core:ShareCapitalOrdinaryShares 2023-05-31 10094829 core:ShareCapitalOrdinaryShares 2022-03-31 10094829 core:RetainedEarningsAccumulatedLosses 2022-04-01 10094829 core:RetainedEarningsAccumulatedLosses 2021-04-01 10094829 core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-05-31 10094829 core:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 10094829 core:RetainedEarningsAccumulatedLosses 2023-05-31 10094829 core:RetainedEarningsAccumulatedLosses 2022-03-31 10094829 dpl:Item1 2022-04-01 10094829 dpl:Item1 2023-05-31 10094829 dpl:Item1 2021-04-01 10094829 dpl:Item1 2022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 10094829
England and Wales

 

 

 

COSBY KANE MUNOZ LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2022

End date: 31 May 2023
Directors Francis Patrick Hugh Kane
Jesus Yohany Munoz Orozco
Registered Number 10094829
Registered Office Unit 216 C/O Assets For Life
Waterhouse Business Centre 2 Cromar Way
Chelmsford
England
CM1 2QE
Accountants aa Chartered Accountants
Fenlake House
Fenlake Business Centre
Peterborough
PE1 5BQ
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 May 2023
Principal activities
Principal activity of the company during the financial period was of  buying and selling of own real estate.
Directors
The directors who served the company throughout the period were as follows:
Francis Patrick Hugh Kane
Jesus Yohany Munoz Orozco
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :

  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Francis Patrick Hugh Kane
Director

Date approved: 23 November 2023
2
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Cosby Kane Munoz Ltd for the year ended 31 May 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Cosby Kane Munoz Ltd for the year ended 31 May 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance

This report is made solely to the Board of Directors of Cosby Kane Munoz Ltd, as a body, in accordance with the terms of our engagement letter dated 23 November 2023. Our work has been undertaken solely to prepare for your approval the accounts of Cosby Kane Munoz Ltd and state those matters that we have agreed to state to the Board of Directors of Cosby Kane Munoz 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 Cosby Kane Munoz Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Cosby Kane Munoz Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Cosby Kane Munoz Ltd. You consider that Cosby Kane Munoz 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 accounts of Cosby Kane Munoz 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 accounts for the period ended
31 May 2023



....................................................
aa Chartered Accountants
Fenlake House
Fenlake Business Centre
Peterborough
PE1 5BQ
23 November 2023
3
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3   538,000 
  538,000 
Current assets      
Debtors 4   66 
Cash at bank and in hand 418,868    97,213 
418,868    97,279 
Creditors: amount falling due within one year 5 (40,147)   (5,573)
Net current assets 378,721    91,706 
 
Total assets less current liabilities 378,721    629,706 
Creditors: amount falling due after more than one year 6 (314,999)   (503,624)
Provisions for liabilities 7   (33,229)
Net assets 63,722    92,853 
 

Capital and reserves
     
Called up share capital 8 3    3 
Fair Value Reserves 9   171,484 
Profit and loss account 63,719    (78,634)
Shareholder's funds 63,722    92,853 
 


For the period ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 23 November 2023 and were signed on its behalf by:


-------------------------------
Francis Patrick Hugh Kane
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 April 2021 3  (85,378) (85,375)
Profit for the period 6,744  6,744 
Total comprehensive income for the period 6,744  6,744 
Total investments by and distributions to owners
At 31 March 2022 3  (78,634) (78,631)
At 01 April 2022 3  (78,634) (78,631)
Profit for the period 232,353  232,353 
Total comprehensive income for the period 232,353  232,353 
Dividends (90,000) (90,000)
Total investments by and distributions to owners (90,000) (90,000)
At 31 May 2023 3  63,719  63,722 
5
General Information
Cosby Kane Munoz Ltd is a private company, limited by shares, registered in England and Wales, registration number 10094829, registration address Unit 216 C/O Assets For Life, Waterhouse Business Centre 2 Cromar Way, Chelmsford, England, CM1 2QE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees during the period was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 April 2022 538,000    538,000 
Additions  
Disposals (538,000)   (538,000)
At 31 May 2023  
Depreciation
At 01 April 2022  
Charge for period  
On disposals  
At 31 May 2023  
Net book values
Closing balance as at 31 May 2023  
Opening balance as at 01 April 2022 538,000    538,000 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Prepayments & Accrued Income   66 
  66 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors   386 
Corporation Tax 34,346   
Accrued Expenses 94   
Director's Current Account-Patrick Kane 2,653    2,497 
Director's Current Account-Jesus Munoz 3,054    2,690 
40,147    5,573 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Other Creditors 314,999    503,624 
314,999    503,624 

7.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax   33,229 
  33,229 

8.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
30 Class A shares of £0.10 each  
 

9.

Fair Value Reserves

2023
£
  2022
£
Fair Value Reserve   171,484 
  171,484 

6