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REGISTERED NUMBER: 13601067 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

COGNIA LAW LIMITED

COGNIA LAW LIMITED (REGISTERED NUMBER: 13601067)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Report of the Directors 2

Report of the Accountants 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


COGNIA LAW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mr. M Farrell
Mrs. J L W Taylor-Hall





REGISTERED OFFICE: Ground Floor Marlborough House
298 Regents Park Road
London
N3 2SZ





REGISTERED NUMBER: 13601067 (England and Wales)





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough Hosue
298 Regents Park Road
London
N3 2SZ

COGNIA LAW LIMITED (REGISTERED NUMBER: 13601067)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 29 FEBRUARY 2024

The directors present their report with the financial statements of the company for the year ended 29 February 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the provision of consulting, legal and resourcing services to law firms and corporate in-house legal clients.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 March 2023 to the date of this report.

Mr. M Farrell
Mrs. J L W Taylor-Hall

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs. J L W Taylor-Hall - Director


23 August 2024

COGNIA LAW LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
COGNIA LAW LIMITED


In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.

You have acknowledged on the balance sheet as at year ended 29 February 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. 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 financial statements.






Fusion Accountancy Limited
Marlborough Hosue
298 Regents Park Road
London
N3 2SZ


23 August 2024

COGNIA LAW LIMITED (REGISTERED NUMBER: 13601067)

INCOME STATEMENT
FOR THE YEAR ENDED 29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £   

TURNOVER 7,734,762 9,188,289

Cost of sales 6,449,376 7,679,875
GROSS PROFIT 1,285,386 1,508,414

Administrative expenses 1,173,186 1,248,115
OPERATING PROFIT 4 112,200 260,299

Interest receivable and similar income 89 -
112,289 260,299

Interest payable and similar expenses - 32
PROFIT BEFORE TAXATION 112,289 260,267

Tax on profit 29,926 49,719
PROFIT FOR THE FINANCIAL YEAR 82,363 210,548

COGNIA LAW LIMITED (REGISTERED NUMBER: 13601067)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 8,775 13,452

CURRENT ASSETS
Debtors 6 1,230,170 1,278,121
Cash at bank 397,869 224,122
1,628,039 1,502,243
CREDITORS
Amounts falling due within one year 7 1,090,299 1,059,726
NET CURRENT ASSETS 537,740 442,517
TOTAL ASSETS LESS CURRENT
LIABILITIES

546,515

455,969

CREDITORS
Amounts falling due after more than one year 8 252,604 244,421
NET ASSETS 293,911 211,548

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 292,911 210,548
SHAREHOLDERS' FUNDS 293,911 211,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

COGNIA LAW LIMITED (REGISTERED NUMBER: 13601067)

BALANCE SHEET - continued
29 FEBRUARY 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





Mrs. J L W Taylor-Hall - Director


COGNIA LAW LIMITED (REGISTERED NUMBER: 13601067)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Cognia Law 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.

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 the cost less estimated residual value of 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.

Foreign currencies
Assets 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 in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 9 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

29.2.24 28.2.23
£    £   
Depreciation - owned assets 6,112 9,243

COGNIA LAW LIMITED (REGISTERED NUMBER: 13601067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023 22,695
Additions 1,435
At 29 February 2024 24,130
DEPRECIATION
At 1 March 2023 9,243
Charge for year 6,112
At 29 February 2024 15,355
NET BOOK VALUE
At 29 February 2024 8,775
At 28 February 2023 13,452

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 1,088,623 1,258,677
Amounts owed by group undertakings 1,000 1,000
Other debtors 18,576 18,004
Director's current account 13 -
Prepayments and accrued income 121,958 440
1,230,170 1,278,121

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 505,175 697,117
Amounts owed to group undertakings 65 4,253
Tax liability 29,926 49,719
Social security and other taxes 93,279 53,092
VAT 236,679 147,373
Accounts payable 162,386 57,261
Pension 5,140 3,223
Director's current account - 41
Accruals and deferred income 57,649 47,647
1,090,299 1,059,726

COGNIA LAW LIMITED (REGISTERED NUMBER: 13601067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Amounts owed to group undertakings 252,604 244,421

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1,000 Ordinary Shares 1 1,000 1,000

10. RESERVES
Retained
earnings
£   

At 1 March 2023 210,548
Profit for the year 82,363
At 29 February 2024 292,911

11. RELATED PARTY DISCLOSURES

At the balance sheet date, included in creditors due after more than one year, is an amount of £252,604 (2023: £244,421) ,included in creditors due under one year,£65 (2023: £4,253) owed to Cognia Holdings Limited. .

At the balance sheet date, included in debtors due within one year, is an amount of £1,000 (2023:£1,000) due from Cognia Holdings Limited.

At the balance sheet date, included in other debtors due within one year, is an amount of £13 owed by the director (2023: £41 owed to the director). This will be repaid within 9 months from year-end.

The company is a 100% subsidiary of Cognia Holdings Limited.