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REGISTERED NUMBER: 01264469 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

COGENT ELLIOTT INVESTMENTS LIMITED

COGENT ELLIOTT INVESTMENTS LIMITED (REGISTERED NUMBER: 01264469)






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


COGENT ELLIOTT INVESTMENTS 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: 01264469 (England and Wales)





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

COGENT ELLIOTT INVESTMENTS LIMITED (REGISTERED NUMBER: 01264469)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 11,342 2,187
Investment property 6 5,600,000 5,600,000
5,611,342 5,602,187

CURRENT ASSETS
Debtors 7 183,495 231,679
Cash at bank 25,632 204,131
209,127 435,810
CREDITORS
Amounts falling due within one year 8 3,108,259 3,621,320
NET CURRENT LIABILITIES (2,899,132 ) (3,185,510 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,712,210

2,416,677

CREDITORS
Amounts falling due after more than one
year

9

250,000

1,865
NET ASSETS 2,462,210 2,414,812

CAPITAL AND RESERVES
Called up share capital 10 2 2
Revaluation reserve 11 2,406,404 2,406,404
Retained earnings 11 55,804 8,406
SHAREHOLDERS' FUNDS 2,462,210 2,414,812

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


COGENT ELLIOTT INVESTMENTS LIMITED (REGISTERED NUMBER: 01264469)

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

1. STATUTORY INFORMATION

Cogent Elliott Investments 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 preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents property and administration recharges, excluding value added tax.

Tangible fixed assets
Tangible fixed assets are recognised at cost and subsequently measured under the historical cost model being cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes any direct expenditure incurred to bring the asset to its current location and condition necessary for the asset to work as intended by management.

Repairs and maintenance costs are charged to the Statement of Comprehensive Income in the period in which they are incurred.

Depreciation is provided on the cost of tangible assets in equal annual instalments over their estimated useful lives, which are as follows :

Short leasehold property - 10 years
Fixtures and equipment- Between 3 and 5 years

Any gains and losses on the disposal of tangible fixed assets are recognised in the Statement of Comprehensive Income in the year that the disposal takes place.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Comprehensive Income.

The most recent valuation uses the investment method of valuation. It is based on an equivalent yield of 8% to 8.5% and market evidence for similar property transactions.

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.


COGENT ELLIOTT INVESTMENTS LIMITED (REGISTERED NUMBER: 01264469)

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

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the Statement of Comprehensive Income in the period to which they relate. A defined contribution plan is a pension scheme under which the company pays fixed contributions into an independently administered fund and has no further obligations once the contributions have been paid.

Leases
Rentals payable under operating leases are charged to the Statement of Comprehensive Income on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

COGENT ELLIOTT INVESTMENTS LIMITED (REGISTERED NUMBER: 01264469)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 January 2023 133,500 101,103 234,603
Additions - 11,451 11,451
At 31 December 2023 133,500 112,554 246,054
DEPRECIATION
At 1 January 2023 131,313 101,103 232,416
Charge for year 1,387 909 2,296
At 31 December 2023 132,700 102,012 234,712
NET BOOK VALUE
At 31 December 2023 800 10,542 11,342
At 31 December 2022 2,187 - 2,187

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 5,600,000
NET BOOK VALUE
At 31 December 2023 5,600,000
At 31 December 2022 5,600,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 5,600,000

If Investment Property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 3,193,596 3,193,596

The investment property was valued on an open market basis on 13 September 2023 by Bromwich Hardy .

The directors have adopted this valuation as appropriate at 31 December 2023.

COGENT ELLIOTT INVESTMENTS LIMITED (REGISTERED NUMBER: 01264469)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 229 75,347
Amounts owed by group undertakings 18,099 42
Other debtors 158,664 141,575
Prepayments 6,503 14,715
183,495 231,679

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 127,541 182,767
Amounts owed to group undertakings 2,741,663 3,218,003
VAT 69,194 44,865
Other creditors - 7,500
Directors' loan accounts 18,069 5,233
Accruals 151,792 162,952
3,108,259 3,621,320

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
VAT - 1,865
Directors' loan accounts 250,000 -
250,000 1,865

10. CALLED UP SHARE CAPITAL

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

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2023 8,406 2,406,404 2,414,810
Profit for the year 247,398 247,398
Dividends (200,000 ) (200,000 )
At 31 December 2023 55,804 2,406,404 2,462,208

COGENT ELLIOTT INVESTMENTS LIMITED (REGISTERED NUMBER: 01264469)

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

12. 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

13. CONTINGENT LIABILITIES

The company has guaranteed borrowings of fellow subsidiaries amounting to £1,598,401 (2022: £1,518,178) and has entered into a group overdraft facility which is secured by a fixed and floating charge over all assets of the company.

14. OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet, amount to £484,694 (2022: £537,772).

15. ULTIMATE PARENT COMPANY

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

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.obtained.

16. 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.

During the year the company had a loan with 20 (London) Limited, a company connected with Mr W E Husselby and Mr M S Husselby. The balance outstanding at the year end was £39,825 (2022: £39,825).