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REGISTERED NUMBER: 08524018 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

COOWRY LTD

COOWRY LTD (REGISTERED NUMBER: 08524018)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COOWRY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C Heredia
D Moreno
M E Kavelaars
J A G U Capdevila





SECRETARY: Macrae Secretaries Limited





REGISTERED OFFICE: 6th Floor
60 Gracechurch Street
London
EC3V 0HR





REGISTERED NUMBER: 08524018 (England and Wales)





ACCOUNTANTS: Platt Rushton LLP
Chartered Accountants
Sutherland House
1759 London Road
Leigh on Sea
Essex
SS9 2RZ

COOWRY LTD (REGISTERED NUMBER: 08524018)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 63,931 74,527
Tangible assets 5 125 187
64,056 74,714

CURRENT ASSETS
Debtors 6 1,388 1,058
Cash at bank 54,355 60,462
55,743 61,520
CREDITORS
Amounts falling due within one year 7 72,026 73,174
NET CURRENT LIABILITIES (16,283 ) (11,654 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,773

63,060

CAPITAL AND RESERVES
Called up share capital 8 14,665 14,665
Share premium 9 1,093,786 1,093,786
Retained earnings 9 (1,060,678 ) (1,045,391 )
SHAREHOLDERS' FUNDS 47,773 63,060

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2024 and were signed on its behalf by:



D Moreno - Director


COOWRY LTD (REGISTERED NUMBER: 08524018)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Coowry Ltd 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.

Preparation of consolidated financial statements
The financial statements contain information about Coowry Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks & patents are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of fourteen years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

COOWRY LTD (REGISTERED NUMBER: 08524018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 210,530
AMORTISATION
At 1 January 2023 136,003
Charge for year 10,596
At 31 December 2023 146,599
NET BOOK VALUE
At 31 December 2023 63,931
At 31 December 2022 74,527

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 5,152
DEPRECIATION
At 1 January 2023 4,965
Charge for year 62
At 31 December 2023 5,027
NET BOOK VALUE
At 31 December 2023 125
At 31 December 2022 187

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,388 1,058

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1,548
Other creditors 72,026 71,626
72,026 73,174

COOWRY LTD (REGISTERED NUMBER: 08524018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
1,466,546 Ordinary A shares 1p 14,665 14,665

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2023 (1,045,391 ) 1,093,786 48,395
Deficit for the year (15,287 ) (15,287 )
At 31 December 2023 (1,060,678 ) 1,093,786 33,108

10. RELATED PARTY DISCLOSURES

Loans have been advanced from the Directors to the company. These are interest free and repayable upon demand. As at 31st December 2023, loans of £17,843 were repayable to Directors (2022 - £17,843).