Three Cousins Estates Limited 14895751 false 2023-05-26 2024-05-31 2024-05-31 The principal activity of the company is rental of commercial property Digita Accounts Production Advanced 6.30.9574.0 true true 14895751 2023-05-26 2024-05-31 14895751 2024-05-31 14895751 bus:OrdinaryShareClass1 2024-05-31 14895751 core:CurrentFinancialInstruments 2024-05-31 14895751 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 14895751 bus:SmallEntities 2023-05-26 2024-05-31 14895751 bus:AuditExemptWithAccountantsReport 2023-05-26 2024-05-31 14895751 bus:FullAccounts 2023-05-26 2024-05-31 14895751 bus:SmallCompaniesRegimeForAccounts 2023-05-26 2024-05-31 14895751 bus:RegisteredOffice 2023-05-26 2024-05-31 14895751 bus:Director1 2023-05-26 2024-05-31 14895751 bus:Director2 2023-05-26 2024-05-31 14895751 bus:OrdinaryShareClass1 2023-05-26 2024-05-31 14895751 bus:PrivateLimitedCompanyLtd 2023-05-26 2024-05-31 14895751 countries:EnglandWales 2023-05-26 2024-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14895751

Three Cousins Estates Limited

Unaudited Filleted Financial Statements

for the Period from 26 May 2023 to 31 May 2024

 

Three Cousins Estates Limited

Contents

Company Information

1

Profit and Loss Account

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Three Cousins Estates Limited

Company Information

Directors

Miss Charity Ann Deverson

Mrs Phillipa Mary Deverson-Liggins

Registered office

Bolney Place
Cowfold Road
Bolney
Haywards Heath
West Sussex
RH17 5QT

Accountants

Blackman Terry Accountants Ltd
Chartered Certified Accountants
Bolney Place
Cowfold Road
Bolney
Haywards Heath
West Sussex
RH17 5QT

 

Three Cousins Estates Limited

Profit and Loss Account for the Period from 26 May 2023 to 31 May 2024

Note

2024
£

Turnover

 

525

Gross profit

 

525

Administrative expenses

 

(9,960)

Operating loss

 

(9,435)

Loss before tax

(9,435)

Loss for the financial period

 

(9,435)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

 

Three Cousins Estates Limited

(Registration number: 14895751)
Balance Sheet as at 31 May 2024

Note

2024
£

Fixed assets

 

Investment property

4

489,824

Current assets

 

Debtors

5

880

Cash at bank and in hand

 

1,269

 

2,149

Creditors: Amounts falling due within one year

6

(501,308)

Net current liabilities

 

(499,159)

Net liabilities

 

(9,335)

Capital and reserves

 

Called up share capital

7

100

Retained earnings

(9,435)

Shareholders' deficit

 

(9,335)

For the financial period ending 31 May 2024 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 accounts for the period in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 August 2024 and signed on its behalf by:
 

.........................................
Miss Charity Ann Deverson
Director

 

Three Cousins Estates Limited

Notes to the Unaudited Financial Statements for the Period from 26 May 2023 to 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Bolney Place
Cowfold Road
Bolney
Haywards Heath
West Sussex
RH17 5QT
United Kingdom

These financial statements were authorised for issue by the Board on 27 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Three Cousins Estates Limited

Notes to the Unaudited Financial Statements for the Period from 26 May 2023 to 31 May 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

4

Investment properties

2024
£

Additions

489,824

At 31 May

489,824

There has been no valuation of investment property by an independent valuer.

 

Three Cousins Estates Limited

Notes to the Unaudited Financial Statements for the Period from 26 May 2023 to 31 May 2024

5

Debtors

Current

2024
£

Prepayments

880

 

880

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals and deferred income

1,584

Other creditors

499,724

501,308

7

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary of £1 each

100

100