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Registered number: 14689345
Coqoon Ltd
Unaudited Financial Statements
For the Period 26 February 2023 to 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14689345
29 February 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 9,648
9,648
CURRENT ASSETS
Debtors 5 7,301
Cash at bank and in hand 3,203
10,504
Creditors: Amounts Falling Due Within One Year 6 (51,227 )
NET CURRENT ASSETS (LIABILITIES) (40,723 )
TOTAL ASSETS LESS CURRENT LIABILITIES (31,075 )
NET LIABILITIES (31,075 )
CAPITAL AND RESERVES
Called up share capital 7 1
Profit and Loss Account (31,076 )
SHAREHOLDERS' FUNDS (31,075)
Page 1
Page 2
For the period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ian Mark Geeves
Director
25 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Coqoon Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14689345 . The registered office is 809 Salisbury House 29 Finsbury Circus, London, EC2M 7AQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The directors believe that the company would have sufficient resources to continue to trade for foreseeable future.
2.3. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Income from investment properties
Rental income from investment properties leased out under an operating lease is recognised in the income statement on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income over the life of the lease.
Service charge income is recognised as revenue in the period to which it relates.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. No depreciation is provided in the year of acquisition. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Furniture, fixtures and equipment 25% Reducing Balance Method
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Tangible Assets
Furniture, fixtures and equipment
£
Cost
As at 26 February 2023 -
Additions 9,648
As at 29 February 2024 9,648
...CONTINUED
Page 3
Page 4
Net Book Value
As at 29 February 2024 9,648
As at 26 February 2023 -
5. Debtors
29 February 2024
£
Due within one year
Prepayments and accrued income 19
Other debtors 74
93
Due after more than one year
Other debtors 7,208
7,301
6. Creditors: Amounts Falling Due Within One Year
29 February 2024
£
Accruals and deferred income 600
Director's loan account 48,627
Amounts owed to related parties 2,000
51,227
7. Share Capital
29 February 2024
£
Allotted, Called up and fully paid 1
8. Related Party Transactions
Included in creditors due within one year is an amount of £48,627 owed to its director. The amount is interest free and repayable on demand.
Included in creditors due within one year is an amount of £2,000 owed to a related company. The amount is interest free and repayable on demand.
9. Ultimate Controlling Party
The company's ultimate controlling party is director by virtue of the ownership of 100% of the issued share capital in the company.
Page 4