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REGISTERED NUMBER: 12479792 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Cobra Developments Limited

Cobra Developments Limited (Registered number: 12479792)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cobra Developments Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: L Coles
D Coles
T Coles-Woodfield





REGISTERED OFFICE: Unit Vi Itchen Building Wallops Wood, Sh
Droxford
Southampton
Hampshire
SO32 3QY





REGISTERED NUMBER: 12479792 (England and Wales)





ACCOUNTANTS: Styles & Associates Limited
Berkeley House
Amery Street
Alton
Hampshire
GU34 1HN

Cobra Developments Limited (Registered number: 12479792)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,278 -

CURRENT ASSETS
Debtors 5 70 -
Cash at bank 7,017 19,637
7,087 19,637
CREDITORS
Amounts falling due within one year 6 67,343 66,699
NET CURRENT LIABILITIES (60,256 ) (47,062 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(53,978

)

(47,062

)

CREDITORS
Amounts falling due after more than one
year

7

40,145

41,690
NET LIABILITIES (94,123 ) (88,752 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (94,223 ) (88,852 )
SHAREHOLDERS' FUNDS (94,123 ) (88,752 )

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 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.

Cobra Developments Limited (Registered number: 12479792)

Balance Sheet - continued
28 February 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 1 December 2023 and were signed on its behalf by:





T Coles-Woodfield - Director


Cobra Developments Limited (Registered number: 12479792)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Cobra Developments 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 (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The directors consider that it is appropriate to prepare the financial statements on a going concern basis as they expect the company to be able to continue to trade within the facilities made available.

Cobra Developments Limited (Registered number: 12479792)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land
£   
COST
Additions 6,278
At 28 February 2023 6,278
NET BOOK VALUE
At 28 February 2023 6,278

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 70 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 2,448 3,241
Trade creditors 55 577
Other creditors 64,840 62,881
67,343 66,699

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 40,145 41,690

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,645 19,467

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the company owed the directors £64,120 (2022: £62,881).

Cobra Developments Limited (Registered number: 12479792)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.