1 December 2022 v2024.39.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP123291472022-12-012023-11-30123291472023-11-30123291472022-11-3012329147core:WithinOneYear2023-11-3012329147core:WithinOneYear2022-11-3012329147core:AfterOneYear2023-11-3012329147core:AfterOneYear2022-11-3012329147core:ShareCapital2023-11-3012329147core:ShareCapital2022-11-3012329147core:RetainedEarningsAccumulatedLosses2023-11-3012329147core:RetainedEarningsAccumulatedLosses2022-11-3012329147bus:Director12022-12-012023-11-3012329147bus:Director22022-12-012023-11-3012329147bus:RegisteredOffice2022-12-012023-11-3012329147core:FurnitureFittings2022-12-012023-11-30123291472021-12-012022-11-3012329147core:LandBuildings2022-12-0112329147core:PlantMachinery2022-12-01123291472022-12-0112329147core:LandBuildings2022-12-012023-11-3012329147core:PlantMachinery2022-12-012023-11-3012329147core:LandBuildings2023-11-3012329147core:PlantMachinery2023-11-3012329147core:LandBuildings2022-11-3012329147core:PlantMachinery2022-11-3012329147core:CostValuation2022-12-0112329147core:AdditionsToInvestments2023-11-3012329147core:CostValuation2023-11-301232914712022-12-012023-11-3012329147countries:EnglandWales2022-12-012023-11-3012329147bus:AuditExemptWithAccountantsReport2022-12-012023-11-3012329147bus:PrivateLimitedCompanyLtd2022-12-012023-11-3012329147bus:SmallEntities2022-12-012023-11-3012329147bus:FullAccounts2022-12-012023-11-30
Company registration number:
12329147
Cowlyn Property Management Ltd
Unaudited Filleted Financial Statements for the year ended
30 November 2023
Cowlyn Property Management Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Cowlyn Property Management Ltd
Year ended
30 November 2023
As described on the statement of financial position, the Board of Directors of
Cowlyn Property Management Ltd
are responsible for the preparation of the
financial statements
for the year ended
30 November 2023
, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Atkinson Accounts
Egerton House
55 Hoole Road
Chester
CH2 3NJ
United Kingdom
Cowlyn Property Management Ltd
Statement of Financial Position
30 November 2023
20232022
Note££
Fixed assets    
Tangible assets 5
505,183
 
236,961
 
Investments 6
11,316
 
11,116
 
516,499
 
248,077
 
Current assets    
Debtors 7
498
  -  
Cash at bank and in hand
3,625
 
7,987
 
4,123
 
7,987
 
Creditors: amounts falling due within one year 8
(8,842
)
(673
)
Net current (liabilities)/assets
(4,719
)
7,314
 
Total assets less current liabilities 511,780   255,391  
Creditors: amounts falling due after more than one year 9
(480,695
)
(237,659
)
Net assets
31,085
 
17,732
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
30,985
 
17,632
 
Shareholders funds
31,085
 
17,732
 
For the year ending
30 November 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
21 August 2024
, and are signed on behalf of the board by:
G Cowlyn
K Cowlyn
DirectorDirector
Company registration number:
12329147
Cowlyn Property Management Ltd
Notes to the Financial Statements
Year ended
30 November 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Egerton House
,
55 Hoole Road
,
Chester
,
Cheshire
,
CH2 3NJ
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
18% reducing balance basis

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2022:
2
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 December 2022
226,494
 
12,765
 
239,259
 
Additions
268,369
 
2,282
 
270,651
 
At
30 November 2023
494,863
 
15,047
 
509,910
 
Depreciation      
At
1 December 2022
-  
2,298
 
2,298
 
Charge -  
2,429
 
2,429
 
At
30 November 2023
-  
4,727
 
4,727
 
Carrying amount      
At
30 November 2023
494,863
 
10,320
 
505,183
 
At 30 November 2022
226,494
 
10,467
 
236,961
 

6 Investments

Other investments other than loans
£
Cost  
At
1 December 2022
11,116
 
Additions
200
 
At
30 November 2023
11,316
 
Impairment  
At
1 December 2022
and
30 November 2023
-  
Carrying amount  
At
30 November 2023
11,316
 
At 30 November 2022
11,116
 

7 Debtors

20232022
££
Other debtors
498
  -  

8 Creditors: amounts falling due within one year

20232022
££
Amounts owed to group undertakings and undertakings in which the company has a participating interest
5,000
 
(41
)
Taxation and social security
3,086
  -  
Other creditors
756
 
714
 
8,842
 
673
 

9 Creditors: amounts falling due after more than one year

20232022
££
Bank loans and overdrafts
352,099
 
159,618
 
Other creditors
128,596
 
78,041
 
480,695
 
237,659