Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-012falseNo description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14544732 2022-12-31 14544732 2023-01-01 2023-12-31 14544732 2022-01-01 2022-12-31 14544732 2023-12-31 14544732 c:Director1 2023-01-01 2023-12-31 14544732 d:FurnitureFittings 2023-01-01 2023-12-31 14544732 d:FurnitureFittings 2023-12-31 14544732 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 14544732 d:FreeholdInvestmentProperty 2023-01-01 2023-12-31 14544732 d:FreeholdInvestmentProperty 2023-12-31 14544732 d:CurrentFinancialInstruments 2023-12-31 14544732 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14544732 d:ShareCapital 2023-12-31 14544732 d:RetainedEarningsAccumulatedLosses 2023-12-31 14544732 c:FRS102 2023-01-01 2023-12-31 14544732 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 14544732 c:FullAccounts 2023-01-01 2023-12-31 14544732 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 14544732 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 14544732









COSMO 22 LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
COSMO 22 LTD
REGISTERED NUMBER: 14544732

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Tangible assets
  
5,444

Investment property
  
344,410

  
349,854

Current assets
  

Cash at bank and in hand
  
1,183

  
1,183

Creditors: amounts falling due within one year
  
(347,615)

Net current (liabilities)/assets
  
 
 
(346,432)

Total assets less current liabilities
  
3,422

  

Net assets
  
3,422


Capital and reserves
  

Called up share capital 
  
1,000

Profit and loss account
  
2,422

  
3,422


Page 1

 
COSMO 22 LTD
REGISTERED NUMBER: 14544732
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Michael Zemenides
Director

Date: 11 September 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
COSMO 22 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Cosmo 22 Ltd is a private company limited by shares and is incorporated and domiciled in England and Wales, registration number 14544732. The registered office is 56A Haverstock Hill, London NW3 2BH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
COSMO 22 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

  
2.3

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates and other sales taxes.
Revenue comprises rental income, service charges and other sums receivable from the investment properties. Other sums comprise insurance charges, supplies of utilities, premia associated with surrender of tenancies, commissions, fees and other sundry income.
All the properties are leased out under operating leases and are included in investment property in the balance sheet. Rental income from operating leases is recognised in the profit or loss on a straight-line basis over the lease term. Rent received in advance is deferred in the balance sheet and recognised in the period to which it relates to. If the company provides incentives to its customers the incentives are recognised over the lease term on a straight-line basis.
Service charges and other sums receivable from tenants are recognised on an accruals basis by reference to the stage of completion of the relevant service or transactions at the reporting date. These services generally relate to a 12-month period.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2.

Page 4

 
COSMO 22 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


Additions
6,405



At 31 December 2023

6,405



Depreciation


Charge for the year on owned assets
961



At 31 December 2023

961



Net book value



At 31 December 2023
5,444

Page 5

 
COSMO 22 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Investment property


Freehold investment property

£



Valuation


Additions at cost
344,410



At 31 December 2023
344,410

The 2023 valuations were made by director, on an open market value for existing use basis.



At 31 December 2023



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
£


Historic cost
344,410

344,410


6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
1,183

1,183



7.


Creditors: Amounts falling due within one year

2023
£

Other creditors
347,615

347,615


 
Page 6