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REGISTERED NUMBER: OC368964 (England and Wales)














Unaudited Financial Statements

for the Year Ended 5 April 2024

for

COBALT (CHISLEHURST) LLP

COBALT (CHISLEHURST) LLP (REGISTERED NUMBER: OC368964)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COBALT (CHISLEHURST) LLP

General Information
for the Year Ended 5 April 2024







DESIGNATED MEMBERS: Cobalt Limited
A S Cornish
R Sargent
Strikeforce Holdings Limited





REGISTERED OFFICE: 1 Sherman Road
Bromley
Kent
BR1 3JH





REGISTERED NUMBER: OC368964 (England and Wales)





ACCOUNTANTS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG

COBALT (CHISLEHURST) LLP (REGISTERED NUMBER: OC368964)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,500,000 2,500,000

CURRENT ASSETS
Debtors 5 48,033 26,203
Cash at bank 118,039 147,344
166,072 173,547
CREDITORS
Amounts falling due within one year 6 118,840 125,244
NET CURRENT ASSETS 47,232 48,303
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,547,232

2,548,303

CREDITORS
Amounts falling due after more than one
year

7

1,250,000

1,290,000
NET ASSETS ATTRIBUTABLE TO
MEMBERS

1,297,232

1,258,303

LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

1,297,232

1,258,303

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 1,297,232 1,258,303

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 5 April 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

COBALT (CHISLEHURST) LLP (REGISTERED NUMBER: OC368964)

Balance Sheet - continued
5 April 2024


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 5 September 2024 and were signed by:





A S Cornish - Designated member

COBALT (CHISLEHURST) LLP (REGISTERED NUMBER: OC368964)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Cobalt (Chislehurst) Llp is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Revenue recognition
Income consists of rents receivable.

3. EMPLOYEE INFORMATION

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023
and 5 April 2024 2,500,000
NET BOOK VALUE
At 5 April 2024 2,500,000
At 5 April 2023 2,500,000

Fair value at 5 April 2024 is represented by:
£   
Valuation in 2024 674,328
Cost 1,825,672
2,500,000

If investment property had not been revalued it would have been included at the following historical cost:

5.4.24 5.4.23
£    £   
Cost 1,825,672 1,825,672

Investment property was valued on an open market basis on 5 April 2024 by the members .

COBALT (CHISLEHURST) LLP (REGISTERED NUMBER: OC368964)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade debtors 44,179 24,530
Other debtors 1,875 -
Prepayments 1,979 1,673
48,033 26,203

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Bank loans and overdrafts (see note 8) 40,000 40,000
Trade creditors 5,391 2,642
Other creditors 16,792 15,500
Accruals and deferred income 56,657 67,102
118,840 125,244

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5.4.24 5.4.23
£    £   
Bank loans (see note 8) 1,250,000 1,290,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 1,130,000

8. LOANS

An analysis of the maturity of loans is given below:

5.4.24 5.4.23
£    £   
Amounts falling due within one year or on demand:
Bank loans - less than 1 yr 40,000 40,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 40,000 40,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,210,000 120,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 1,130,000

COBALT (CHISLEHURST) LLP (REGISTERED NUMBER: OC368964)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

8. LOANS - continued

The bank loan is repayable on 2nd July 2027.

9. SECURED DEBTS

The following secured debts are included within creditors:

5.4.24 5.4.23
£    £   
Bank loans 1,290,000 1,330,000

The bank loan is secured on a fixed and floating charge over the businesses freehold assets and all other assets.

10. LOANS AND OTHER DEBTS DUE TO MEMBERS

The members loans and other debts rank for payment after all other creditors and loans have been repaid.