Company registration number 01751786 (England and Wales)
COPEFRINGE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
COPEFRINGE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
COPEFRINGE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1
1
Investments
4
1
1
2
2
Current assets
Debtors
5
20,078
19,952
Cash at bank and in hand
168
1,168
20,246
21,120
Creditors: amounts falling due within one year
6
(3,617)
(4,304)
Net current assets
16,629
16,816
Net assets
16,631
16,818
Capital and reserves
Called up share capital
120
120
Share premium account
6,910
6,910
Profit and loss reserves
9,601
9,788
Total equity
16,631
16,818

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 21 October 2024 and are signed on its behalf by:
Mr IJ Gaunt
Sir WR Worsley
Director
Director
Company registration number 01751786 (England and Wales)
COPEFRINGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

Copefringe Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, 114a Cromwell Road, London, SW7 4AG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents ground rents receivable and contributions towards the administration costs of the company payable by tenants, and is recognised on an accruals basis.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is not provided, as the value of the asset held has been written down by contributions from lessees. In the directors' opinion, depreciation would be immaterial and has not been charged.
1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company only has financial assets and liabilities of a kind which qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and are subsequently measured at their settlement value.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
COPEFRINGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 and 31 March 2024
1
Depreciation and impairment
At 1 April 2023 and 31 March 2024
-
0
Carrying amount
At 31 March 2024
1
At 31 March 2023
1
4
Fixed asset investments
2024
2023
£
£
Other investments other than loans
1
1
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Rent Arrears
450
150
61 Cadogan Square (Freehold) Ltd
10,372
9,388
Amounts due from Service Charge
-
7,000
Agents Account
9,136
3,414
Prepayments and accrued income
120
-
0
20,078
19,952
6
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts due from service charge
325
1,325
Rent Demanded in Advance
1,179
1,179
Accrued Expenses
2,113
1,800
3,617
4,304
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