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REGISTERED NUMBER: 00798045 (England and Wales)















Financial Statements for the Year Ended 31st May 2024

for

Cobury Limited

Cobury Limited (Registered number: 00798045)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Cobury Limited (Registered number: 00798045)

Balance Sheet
31st May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,185 29,891
Investment property 5 950,000 950,000
970,185 979,891

CURRENT ASSETS
Debtors 6 4,740 387,837
Cash at bank 337,585 247,215
342,325 635,052
CREDITORS
Amounts falling due within one year 7 301,196 434,866
NET CURRENT ASSETS 41,129 200,186
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,011,314

1,180,077

PROVISIONS FOR LIABILITIES 196,385 196,385
NET ASSETS 814,929 983,692

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 99,900 99,900
Investment Property reserve 8 692,081 692,081
Retained earnings 22,848 191,611
SHAREHOLDERS' FUNDS 814,929 983,692

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 Profit & Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd October 2024 and were signed on its behalf by:





H V Jones - Director


Cobury Limited (Registered number: 00798045)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Cobury Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00798045

Registered office: Treviot House
186 - 192 High Road
Ilford
Essex
IG1 1LR

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover
Turnover represents the total invoice value, excluding value added tax, of rent due during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - Straight line over 10 years
Fixtures and fittings - 25% on reducing balance
Motor vehicles - Straight line over 5 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cobury Limited (Registered number: 00798045)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023
and 31st May 2024 69,274
DEPRECIATION
At 1st June 2023 39,383
Charge for year 9,706
At 31st May 2024 49,089
NET BOOK VALUE
At 31st May 2024 20,185
At 31st May 2023 29,891

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st June 2023
and 31st May 2024 950,000
NET BOOK VALUE
At 31st May 2024 950,000
At 31st May 2023 950,000

Fair value at 31st May 2024 is represented by:
£   
Valuation in 2009 356,085
Valuation in 2010 (115,000 )
Valuation in 2011 50,000
Valuation in 2015 200,000
Valuation in 2017 50,000
Valuation in 2021 300,000
Cost 108,915
950,000

The Investment property was valued on a open market basis on 31st May 2024 by the directors .

Cobury Limited (Registered number: 00798045)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,840 2,417
Other debtors 1,900 385,420
4,740 387,837

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,873 1,889
Amounts owed to parent company 200,195 372,114
Taxation and social security 77,226 7,752
Other creditors 16,902 53,111
301,196 434,866

8. RESERVES
Investment
Property
reserve
£   
At 1st June 2023
and 31st May 2024 692,081

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

The Report of the Auditors was unqualified.

B G Chernoff FCA, FCCA (Senior Statutory Auditor)
for and on behalf of Gravita Essex Limited

10. OTHER FINANCIAL COMMITMENTS

As at 31 May 2024 the company had annual commitments under non-cancellable operating leases, totalling £1,727,550 (2023: £1,630,160)

Cobury Limited (Registered number: 00798045)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 May 2024 and the year ended 31 May 2023:

Director A20242023
£   £   

Amounts Advanced317,893281,989
Amounts Repaid(509,882)(90,000)


Director B20242023
£   £   

Amounts Advanced327,893396,649
Amounts Repaid(519,901)(204,642)


The loan to the director is repayable on demand. Interest is charged on loans at the official rate set by HMRC.

12. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Robert Gibbs (Contracting) Company Limited, a company incorporated in Great Britain.

The registered office is Bridge Works, Normandy Way, Off Pindar Road, Hoddesdon, EN11 0EW.

13. PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS

Cobury Limited is part of the group whose ultimate parent is Robert Gibbs (Contracting) Company Limited.
Group accounts are drawn up for that group only. Group accounts can be obtained from Companies House.