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REGISTERED NUMBER: 02888014 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

COT TRADING LIMITED

COT TRADING LIMITED (REGISTERED NUMBER: 02888014)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COT TRADING LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Ms K C Blackiston
Ms M L Tweedley





SECRETARY: Ms K C Blackiston





REGISTERED OFFICE: Highlands Farm
Woodchurch
Ashford
Kent
TN26 3RJ





REGISTERED NUMBER: 02888014 (England and Wales)





AUDITORS: Xeinadin Audit Ltd
12 Conqueror Ct
Sittingbourne
Kent
ME10 5BH

COT TRADING LIMITED (REGISTERED NUMBER: 02888014)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 923

CURRENT ASSETS
Stocks 13,594 11,881
Debtors 5 100 3,673
Cash at bank 386 5,804
14,080 21,358
CREDITORS
Amounts falling due within one year 6 25,690 45,403
NET CURRENT LIABILITIES (11,610 ) (24,045 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,610 ) (23,122 )

CREDITORS
Amounts falling due after more than one
year

7

20,000

21,000
NET LIABILITIES (31,610 ) (44,122 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (31,710 ) (44,222 )
(31,610 ) (44,122 )

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 18 July 2024 and were signed on its behalf by:





Ms K C Blackiston - Director


COT TRADING LIMITED (REGISTERED NUMBER: 02888014)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

COT Trading 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.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 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.

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.

COT TRADING LIMITED (REGISTERED NUMBER: 02888014)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 4,727
DEPRECIATION
At 1 April 2023 3,804
Charge for year 597
Eliminated on disposal 326
At 31 March 2024 4,727
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 923

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 100 3,673

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 6,038 11,631
Amounts owed to group undertakings 8,193 25,328
Taxation and social security 2,450 177
Other creditors 9,009 8,267
25,690 45,403

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 20,000 21,000

COT TRADING LIMITED (REGISTERED NUMBER: 02888014)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


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

The Report of the Auditors was unqualified.

Nicholas Hume FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Ltd

9. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of Canterbury Oast Trust (Registered Charity No 291662 and registered in England and Wales as a Company Limited by Guarantee No 1897198).

Canterbury Oast Trust originally provided a loan to the company of £31,000 in 2008.
Interest of 3.5% (2023: 3.5%) is payable on the loan totalling £770 (2023: £805) for the year. At the year end the balance of the loan was £21,000 (2023: £22,000). This is due to be repaid over 20 years.

Canterbury Oast Trust charged a management fee in the year of £3,439 (2023: £2,586). The amount owing to Canterbury Oast Trust at the year end is £8,193 (2023: £25,329).