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REGISTERED NUMBER: 10781180 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

COOMBE CAPITAL LIMITED

COOMBE CAPITAL LIMITED (REGISTERED NUMBER: 10781180)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


COOMBE CAPITAL LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S T Groom
C L Watts





REGISTERED OFFICE: Dunbar House 105 Buxton Road
Whaley Bridge
High Peak
England
SK23 7HX





REGISTERED NUMBER: 10781180 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
3rd Floor
St George's House
56 Peter Street
Manchester
M2 3NQ

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Coombe Capital Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Coombe Capital Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at www.icaew.com/regulations.

This report is made solely to the Board of Directors of Coombe Capital Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Coombe Capital Limited and state those matters that we have agreed to state to the Board of Directors of Coombe Capital Limited, as a body, in this report in accordance with ICAEW Technical Release TECH 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coombe Capital Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Coombe Capital Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Coombe Capital Limited. You consider that Coombe Capital Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Coombe Capital Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Crowe U.K. LLP
3rd Floor
St George's House
56 Peter Street
Manchester
M2 3NQ


7 October 2024

COOMBE CAPITAL LIMITED (REGISTERED NUMBER: 10781180)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,000 20,000
Tangible assets 5 3,476 2,043
18,476 22,043

CURRENT ASSETS
Debtors 6 1,111 917
Cash at bank and in hand 61,656 73,064
62,767 73,981
CREDITORS
Amounts falling due within one year 7 52,848 48,658
NET CURRENT ASSETS 9,919 25,323
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,395

47,366

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 27,395 46,366
SHAREHOLDERS' FUNDS 28,395 47,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

COOMBE CAPITAL LIMITED (REGISTERED NUMBER: 10781180)

Balance Sheet - continued
31 MARCH 2024


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2024 and were signed on its behalf by:





C L Watts - Director


COOMBE CAPITAL LIMITED (REGISTERED NUMBER: 10781180)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Coombe Capital 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.

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

Intangible assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

IT Equipment - 25% Reducing balance
Office Equipment - 33% Straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


COOMBE CAPITAL LIMITED (REGISTERED NUMBER: 10781180)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 50,000
AMORTISATION
At 1 April 2023 30,000
Amortisation for year 5,000
At 31 March 2024 35,000
NET BOOK VALUE
At 31 March 2024 15,000
At 31 March 2023 20,000

COOMBE CAPITAL LIMITED (REGISTERED NUMBER: 10781180)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
IT Computer
Equipment equipment Totals
£    £    £   
COST
At 1 April 2023 3,370 3,818 7,188
Additions 2,104 - 2,104
At 31 March 2024 5,474 3,818 9,292
DEPRECIATION
At 1 April 2023 1,327 3,818 5,145
Charge for year 671 - 671
At 31 March 2024 1,998 3,818 5,816
NET BOOK VALUE
At 31 March 2024 3,476 - 3,476
At 31 March 2023 2,043 - 2,043

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,111 917

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 47,302 45,471
Other creditors 5,546 3,187
52,848 48,658

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 15,060 -
Between one and five years 11,327 -
26,387 -

9. RELATED PARTY DISCLOSURES

Included within Other Creditors: amounts falling due within one year, is a director's loan account in the sum of £27.