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REGISTERED NUMBER: 01309802 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE FOLD LEAMINGTON SPA LIMITED

THE FOLD LEAMINGTON SPA LIMITED (REGISTERED NUMBER: 01309802)






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


THE FOLD LEAMINGTON SPA LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: W.E. Husselby
M.S. Husselby





REGISTERED OFFICE: The Fold
Spencer Street
Royal Leamington Spa
Warwickshire
CV31 3NE





REGISTERED NUMBER: 01309802 (England and Wales)





AUDITORS: Dafferns LLP
One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB

THE FOLD LEAMINGTON SPA LIMITED (REGISTERED NUMBER: 01309802)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 435,026 -

CURRENT ASSETS
Debtors 6 776 -
Cash at bank 1 84
777 84
CREDITORS
Amounts falling due within one year 7 534,018 82
NET CURRENT (LIABILITIES)/ASSETS (533,241 ) 2
TOTAL ASSETS LESS CURRENT
LIABILITIES

(98,215

)

2

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (98,217 ) -
SHAREHOLDERS' FUNDS (98,215 ) 2

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





M.S. Husselby - Director


THE FOLD LEAMINGTON SPA LIMITED (REGISTERED NUMBER: 01309802)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

The Fold Leamington Spa Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparation
The financial statements have been prepared under the historical cost convention.

Going concern
These financial statements have been prepared on the basis that the company will continue trading as a going concern.

The Cogent group has confirmed that it will continue to provide the company with sufficient financial support and working capital to fund the losses and enable the company to meet its ongoing liabilities as they fall due.

The directors consider that the going concern basis of accounting remains appropriate.

Depreciation
Depreciation will be provided on the cost of tangible fixed assets in equal annual instalments over their estimated useful lives. No depreciation has been provided in the current year due to "The Fold" not opening until the 2024 financial year, when the assets became available for use.

Financial instruments
Basic financial instruments in debtors and creditors with no stated interest rate, and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Statement of Comprehensive Income in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
Additions 336,268 98,758 435,026
At 31 December 2023 336,268 98,758 435,026
NET BOOK VALUE
At 31 December 2023 336,268 98,758 435,026

THE FOLD LEAMINGTON SPA LIMITED (REGISTERED NUMBER: 01309802)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 39 -
Prepayments 737 -
776 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 235 -
Amounts owed to group undertakings 444,912 82
Other creditors 36,901 -
Accruals and deferred income 51,970 -
534,018 82

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Martin Gibbs FCCA (Senior Statutory Auditor)
for and on behalf of Dafferns LLP

10. CONTINGENT LIABILITIES

The company has guaranteed borrowings of fellow subsidiaries amounting to £1,572,770 (2022: £1,314,131) and has entered into a group overdraft facility which is secured by a fixed and floating charge over all assets of the company.

11. ULTIMATE PARENT COMPANY

The Company is a wholly-owned subsidiary of Cogent Group Limited (CGL) and its ultimate parent company is Cogent Elliott Group Limited (CEGL).

The registered office and principal place of business of CEGL is The Fold, Spencer Street, Royal Leamington Spa, Warwickshire, CV31 3NE, from which group accounts can be obtained.

12. RELATED PARTY DISCLOSURES

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.