COW CORNER LIQUIDS LIMITED

Company Registration Number:
11507559 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

COW CORNER LIQUIDS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

COW CORNER LIQUIDS LIMITED

Balance sheet

As at 31 March 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 0 12,985
Investments: 4 12,892,236 9,795,184
Total fixed assets: 12,892,236 9,808,169
Current assets
Debtors: 5 31,642 31,643
Cash at bank and in hand: 8,541,863 14,104,060
Total current assets: 8,573,505 14,135,703
Creditors: amounts falling due within one year: 6 (18,399,329) (21,393,002)
Net current assets (liabilities): (9,825,824) (7,257,299)
Total assets less current liabilities: 3,066,412 2,550,870
Provision for liabilities: (4,935) (4,935)
Total net assets (liabilities): 3,061,477 2,545,935
Capital and reserves
Called up share capital: 198 198
Share premium account: 100,000 100,000
Revaluation reserve:71,955,9731,638,596
Profit and loss account: 1,005,306 807,141
Shareholders funds: 3,061,477 2,545,935

The notes form part of these financial statements

COW CORNER LIQUIDS LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 09 February 2024
and signed on behalf of the board by:

Name: Matthew Rourke
Status: Director

The notes form part of these financial statements

COW CORNER LIQUIDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Tangible fixed assetsDepreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.Motor vehicles - 25% on reducing balance

Other accounting policies

Financial instrumentsFinancial assets, other than investments and derivatives, are initially measured at transaction price. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.TaxationTaxation 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 taxDeferred 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 periodsdifferent 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.Foreign currenciesAssets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account inarriving at the operating result.

COW CORNER LIQUIDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

COW CORNER LIQUIDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 51,940
At 31 March 2023 51,940
Depreciation
At 01 April 2022 38,955
Charge for year 12,985
At 31 March 2023 51,940
Net book value
At 31 March 2023 0
At 31 March 2022 12,985

COW CORNER LIQUIDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Fixed investments

2023 2022Listed investments 12892236 9795184

COW CORNER LIQUIDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Debtors

2023 2022
££
Debtors due after more than one year: 31,642 31,643

COW CORNER LIQUIDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due within one year note

2023 2022Taxation and social security 5446 3100Other creditors 18393883 21389902

COW CORNER LIQUIDS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

7. Revaluation reserve

2023
£
Balance at 01 April 2022 1,638,596
Surplus or deficit after revaluation 317,377
Balance at 31 March 2023 1,955,973