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REGISTERED NUMBER: 09581180 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Cobalt Developments PL Limited

Cobalt Developments PL Limited (Registered number: 09581180)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cobalt Developments PL Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: R Chande
J A Deptuch
K Maj
W K Markowicz
M Piwonski
R Strzelecki





SECRETARY: J A Deptuch





REGISTERED OFFICE: Cobalt House
59B Imperial Way
Croydon
Surrey
CR0 4RR





REGISTERED NUMBER: 09581180 (England and Wales)





ACCOUNTANTS: PHS Accountants Ltd
105a Albemarle Road
Beckenham
Kent
BR3 5HS

Cobalt Developments PL Limited (Registered number: 09581180)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 481,868 481,868

CURRENT ASSETS
Debtors 6 10,577 201,848
Cash at bank 280,949 142,313
291,526 344,161
CREDITORS
Amounts falling due within one year 7 467,141 491,248
NET CURRENT LIABILITIES (175,615 ) (147,087 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

306,253

334,781

CREDITORS
Amounts falling due after more than one
year

8

262,363

286,677
NET ASSETS 43,890 48,104

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 43,690 47,904
SHAREHOLDERS' FUNDS 43,890 48,104

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Cobalt Developments PL Limited (Registered number: 09581180)

Balance Sheet - continued
31 January 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 6 March 2024 and were signed on its behalf by:





J A Deptuch - Director


Cobalt Developments PL Limited (Registered number: 09581180)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Cobalt Developments PL 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Turnover
Turnover represents the the total value of rents receivable in the year.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 481,868
NET BOOK VALUE
At 31 January 2023 481,868
At 31 January 2022 481,868

Cobalt Developments PL Limited (Registered number: 09581180)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. INVESTMENT PROPERTY - continued

Leasehold investment properties, included in the above, are as follows:



Total
£
FAIR VALUE
At 1 June 2017 481,868
and 31 January 2018


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors - 40,783
Other debtors 10,577 161,065
10,577 201,848

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts (see note 9) 35,995 10,000
Trade creditors 420,290 401,404
Taxation and social security 2,118 2,451
Other creditors 8,738 77,393
467,141 491,248

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans (see note 9) 262,363 35,327
Other creditors - 251,350
262,363 286,677

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 132,593 -

Cobalt Developments PL Limited (Registered number: 09581180)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

9. LOANS

An analysis of the maturity of loans is given below:

31.1.23 31.1.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 35,995 10,000
Other loans - 19,428
35,995 29,428

Amounts falling due between one and two years:
Bank loans - 1-2 years 36,245 10,000
Other loans - 1-2 years - 20,178
36,245 30,178

Amounts falling due between two and five years:
Bank loans - 2-5 years 93,525 25,327
Other loans - 2-5 years - 231,172
93,525 256,499

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 132,593 -

10. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Other loans - 270,778

Bank loan is secured by way of a fixed charge over the leasehold property of the company.