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REGISTERED NUMBER: 03841290 (England and Wales)













Financial Statements

for the Period

1 April 2022 to 30 September 2023

for

Cobra Middlesbrough Limited

Cobra Middlesbrough Limited (Registered number: 03841290)






Contents of the Financial Statements
for the Period 1 April 2022 to 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cobra Middlesbrough Limited

Company Information
for the Period 1 April 2022 to 30 September 2023







DIRECTORS: G S Dawson
J E Young
L Croce
C Lloyd
C Nettle
A K Watkins



REGISTERED OFFICE: C/O A.V. Dawson Limited
The Staiths, Port of Middlesbrough
Depot Road
Middlesbrough
TS2 1LE



REGISTERED NUMBER: 03841290 (England and Wales)



SENIOR STATUTORY AUDITOR: Antony Luckett BCom BFP FCA DChA



AUDITORS: Clive Owen LLP
Chartered Accountants
& Statutory Auditors
140 Coniscliffe Road
Darlington
County Durham
DL3 7RT

Cobra Middlesbrough Limited (Registered number: 03841290)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 705,824 786,073

CURRENT ASSETS
Debtors 5 263,256 175,107
Cash at bank 446,320 467,655
709,576 642,762
CREDITORS
Amounts falling due within one year 6 342,061 268,196
NET CURRENT ASSETS 367,515 374,566
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,073,339

1,160,639

PROVISIONS FOR LIABILITIES 8 19,375 14,929
NET ASSETS 1,053,964 1,145,710

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Revaluation reserve 238,895 358,895
Retained earnings 814,069 785,815
SHAREHOLDERS' FUNDS 1,053,964 1,145,710

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 26 September 2024 and were signed on its behalf by:





J E Young - Director


Cobra Middlesbrough Limited (Registered number: 03841290)

Notes to the Financial Statements
for the Period 1 April 2022 to 30 September 2023

1. STATUTORY INFORMATION

Cobra Middlesbrough 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.

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 as modified by the revaluation of certain assets.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold properties - not provided
Leasehold properties - 25% on cost
Plant and machinery - 12.5% on cost
Workshop and office equipment - 20% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2022 - 13 ) .

Cobra Middlesbrough Limited (Registered number: 03841290)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 30 September 2023

4. TANGIBLE FIXED ASSETS
Workshop
and
Freehold Leasehold Plant and office
properties properties machinery equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2022 127,500 580,000 192,708 23,965 924,173
Additions - - 65,000 - 65,000
At 30 September 2023 127,500 580,000 257,708 23,965 989,173
DEPRECIATION
At 1 April 2022 - - 114,135 23,965 138,100
Charge for period - 120,000 25,249 - 145,249
At 30 September 2023 - 120,000 139,384 23,965 283,349
NET BOOK VALUE
At 30 September 2023 127,500 460,000 118,324 - 705,824
At 31 March 2022 127,500 580,000 78,573 - 786,073

Cost or valuation at 30 September 2023 is represented by:

Workshop
and
Freehold Leasehold Plant and office
properties properties machinery equipment Totals
£    £    £    £    £   
Valuation in 2019 - 107,161 - - 107,161
Cost 127,500 472,839 257,708 23,965 882,012
127,500 580,000 257,708 23,965 989,173

If leasehold properties had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 472,839 472,839
Aggregate depreciation 251,734 251,734

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 259,963 132,308
Amounts owed by group undertakings 3,293 -
Other debtors - 6,092
Prepayments and accrued income - 36,707
263,256 175,107

Cobra Middlesbrough Limited (Registered number: 03841290)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 30 September 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 75,031 126,058
Amounts owed to group undertakings - 5,537
Taxation and social security 200,175 126,594
Other creditors 6,469 4,192
Accruals and deferred income 60,386 5,815
342,061 268,196

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 57,900 57,900
Between one and five years 231,600 231,600
In more than five years 2,136,600 2,194,500
2,426,100 2,484,000

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 19,375 14,929

Deferred
tax
£   
Balance at 1 April 2022 14,929
Accelerated capital allowances 4,446
Balance at 30 September 2023 19,375

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
800 A Ordinary 1.00 800 800
200 B Ordinary 1.00 200 200
1,000 1,000

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

The Report of the Auditors was unqualified.

Antony Luckett BCom BFP FCA DChA (Senior Statutory Auditor)
for and on behalf of Clive Owen LLP

Cobra Middlesbrough Limited (Registered number: 03841290)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 30 September 2023

11. ULTIMATE PARENT COMPANY

The ultimate parent company is A.V. Dawson Limited, a company registered in England and Wales. The registered office is The Staiths, Port of Middlesbrough, Depot Road, Middlesbrough TS2 1LE.