REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 |
FOR |
COGNIA HOLDINGS LIMITED |
REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024 |
FOR |
COGNIA HOLDINGS LIMITED |
COGNIA HOLDINGS LIMITED (REGISTERED NUMBER: 09161670) |
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 | 6 |
COGNIA HOLDINGS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 29 FEBRUARY 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Marlborough Hosue |
298 Regents Park Road |
London |
N3 2SZ |
COGNIA HOLDINGS LIMITED (REGISTERED NUMBER: 09161670) |
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 company's principal activity was that of the provision of consulting, legal and resourcing services to law firms and corporate in-house legal clients. The company continues to trade providing support to its subsidiaries. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1 March 2023 to the date of this report. |
Other changes in directors holding office are as follows: |
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: |
COGNIA HOLDINGS LIMITED |
REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
COGNIA HOLDINGS 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. |
Marlborough Hosue |
298 Regents Park Road |
London |
N3 2SZ |
COGNIA HOLDINGS LIMITED (REGISTERED NUMBER: 09161670) |
INCOME STATEMENT |
FOR THE YEAR ENDED 29 FEBRUARY 2024 |
29.2.24 | 28.2.23 |
£ | £ | £ | £ |
TURNOVER |
Other operating expenses |
GROSS (LOSS)/PROFIT | ( |
) |
Distribution costs |
Administrative expenses |
318,455 | 441,284 |
(379,619 | ) | (316,879 | ) |
Other operating income |
OPERATING PROFIT |
Interest receivable and similar income |
PROFIT BEFORE TAXATION |
Tax on profit |
PROFIT FOR THE FINANCIAL YEAR |
COGNIA HOLDINGS LIMITED (REGISTERED NUMBER: 09161670) |
BALANCE SHEET |
29 FEBRUARY 2024 |
29.2.24 | 28.2.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | 8 |
SHAREHOLDERS' FUNDS |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
COGNIA HOLDINGS LIMITED (REGISTERED NUMBER: 09161670) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 FEBRUARY 2024 |
1. | STATUTORY INFORMATION |
Cognia Holdings Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
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 |
4. | FIXED ASSET INVESTMENTS |
Investment |
in |
Subsidiary |
£ |
COST |
At 1 March 2023 |
and 29 February 2024 |
NET BOOK VALUE |
At 29 February 2024 |
At 28 February 2023 |
COGNIA HOLDINGS LIMITED (REGISTERED NUMBER: 09161670) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 29 FEBRUARY 2024 |
4. | FIXED ASSET INVESTMENTS - continued |
Cognia Law Limited |
Registered office: UK |
Nature of business: Legal activity |
Class of shares: Ordinary |
Holding: 100% (from 3.9.21) |
Year Ended 29.02.2024 |
Aggregate capital and reserves: £293,911 (2023 £211,548) |
Profit/loss for the year: £82,363 (2023: £210,548) |
Cognia Law (Pty) Limited |
Registered office: South Africa |
Nature of business: Legal and consulting services |
Class of shares: Ordinary |
Holding: 100% (from 1.9.21) |
Year end 29.02.2024 |
Aggregate capital and reserves: - £108,777 (2023 £39,245) |
Profit/loss for the year: - £144,493 (2023 £38,614) |
5. | DEBTORS |
29.2.24 | 28.2.23 |
£ | £ |
Amounts falling due within one year: |
Amounts owed by group undertakings |
VAT |
Prepayments and accrued income |
Amounts falling due after more than one year: |
Amounts owed by group undertakings |
Aggregate amounts |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.2.24 | 28.2.23 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Tax liability |
VAT |
Dividends payable | - | 73,215 |
Other creditors |
Director's loan account | 2,965 | 2,965 |
Accrued expenses |
COGNIA HOLDINGS LIMITED (REGISTERED NUMBER: 09161670) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 29 FEBRUARY 2024 |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 29.2.24 | 28.2.23 |
value: | £ | £ |
Ordinary | £1 | 200 | 200 |
Ordinary 'A' | £1 | 3 | 3 |
Ordinary 'B'' | £1 | 1 | 1 |
Ordinary 'C' | £1 | 1 | 1 |
8. | RESERVES |
Retained |
earnings |
£ |
At 1 March 2023 |
Profit for the year |
Dividends | ( |
) |
At 29 February 2024 |
9. | RELATED PARTY DISCLOSURES |
At the balance sheet date, included within creditors due within one year, is an amount of £2,965 (2023: - £2,965) owed to the directors. This loan is interest free, of no fixed term and repayable on demand. |
At the year end, in amounts due over one year, Cognia Law Limited owed the company £252,604 (2023: £244,421), Cognia SA Limited owed the company £182,211 (2023: £122,207). In amounts due under one-year Cognia Law Limited owed the company £65 (2023: £4,253). |
At the year end, in amounts due under one year the company owed Cognia Law Limited £1,000 (2023: £1,000). |
Dividends of £192,731 were paid to a director and their family. |
The ultimate controlling parties are Ms J Taylor-Hall and Mr P Hall by virtue of their shareholdings. |