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REGISTERED NUMBER: 03917363 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

COSGROVE HOLDINGS LIMITED

COSGROVE HOLDINGS LIMITED (REGISTERED NUMBER: 03917363)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COSGROVE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P A Dalton
Mrs L Bold





SECRETARY: Mrs L Bold





REGISTERED OFFICE: Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH





REGISTERED NUMBER: 03917363 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

COSGROVE HOLDINGS LIMITED (REGISTERED NUMBER: 03917363)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,083 74,420
Investments 5 2,325,000 1,879,635
2,375,083 1,954,055

CURRENT ASSETS
Debtors 6 1,508 1,743
Cash at bank 841 2,064
2,349 3,807
CREDITORS
Amounts falling due within one year 7 478,533 555,572
NET CURRENT LIABILITIES (476,184 ) (551,765 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,898,899

1,402,290

CREDITORS
Amounts falling due after more than one
year

8

(10,224

)

(18,837

)

PROVISIONS FOR LIABILITIES 10 (44,927 ) (4,533 )
NET ASSETS 1,843,748 1,378,920

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 11 150,671 150,671
Retained earnings 1,693,075 1,228,247
SHAREHOLDERS' FUNDS 1,843,748 1,378,920

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.

COSGROVE HOLDINGS LIMITED (REGISTERED NUMBER: 03917363)

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 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:





P A Dalton - Director


COSGROVE HOLDINGS LIMITED (REGISTERED NUMBER: 03917363)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Cosgrove Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Changes in accounting policies
The financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 1 April 2015.

The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in accounting policies to those used previously.

Turnover
Turnover represents rental income, excluding value added tax.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

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

Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Plant and Machinery - 20% on cost
Computer equipment - 20% on cost

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.

COSGROVE HOLDINGS LIMITED (REGISTERED NUMBER: 03917363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

Going concern
The directors considered the potential effects of the Covid 19 virus on the company's ability to continue as a going concern. There is reasonable expectation that the company had adequate resources to continue in operational existence for the foreseeable future on the basis that the main creditors are the company's directors and they will not look to recover the balances owed unless the company is able to meet its existing liabilities. Therefore, the company continues to adopt the going concern basis of accounting in preparing the financial statements.

Investment property
Investment property is included at fair value. Gains and losses arising from changes in the fair value if the investment properties are included in the income statement in the period in which they arise.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 5,693 19,682 98,378 3,506 127,259
Additions - - - 83 83
At 31 March 2024 5,693 19,682 98,378 3,589 127,342
DEPRECIATION
At 1 April 2023 792 5,432 44,826 1,789 52,839
Charge for year 1,138 3,000 19,675 607 24,420
At 31 March 2024 1,930 8,432 64,501 2,396 77,259
NET BOOK VALUE
At 31 March 2024 3,763 11,250 33,877 1,193 50,083
At 31 March 2023 4,901 14,250 53,552 1,717 74,420

COSGROVE HOLDINGS LIMITED (REGISTERED NUMBER: 03917363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 1,879,635
Additions 5,000
Revaluations 440,365
At 31 March 2024 2,325,000
NET BOOK VALUE
At 31 March 2024 2,325,000
At 31 March 2023 1,879,635

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2008 (54,570 )
Valuation in 2010 181,341
Valuation in 2017 (51,398 )
Valuation in 2022 296,887
Valuation in 2024 440,365
Cost 1,512,375
2,325,000

A valuation of the Investment Properties has been undertaken by the Director at 31 March 2022.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Other debtors 1,275 1,000
Prepayments and accrued income 233 743
1,508 1,743

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 16,454 16,235
Tax 21,001 -
Social security and other taxes 395 395
VAT 8,560 6,393
Amounts owed to associated company 2,596 1,941
Directors' current accounts 397,263 501,465
Accrued expenses 32,264 29,143
478,533 555,572

COSGROVE HOLDINGS LIMITED (REGISTERED NUMBER: 03917363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans - 1-2 years 8,767 8,549
Bank loans - 2-5 years 1,457 10,288
10,224 18,837

9. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Bank loans 26,678 35,072

10. PROVISIONS FOR LIABILITIES
31/3/24 31/3/23
£    £   
Deferred tax
Other timing differences 41,364 1,124
Deferred tax 3,563 3,409
44,927 4,533

Deferred
tax
£   
Balance at 1 April 2023 4,533
Provided during year 40,394
Adjustment for tax rate
Balance at 31 March 2024 44,927

11. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 150,671

COSGROVE HOLDINGS LIMITED (REGISTERED NUMBER: 03917363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£    £   
P A Dalton and Mrs L Bold
Balance outstanding at start of year (501,465 ) (324,515 )
Amounts advanced 158,719 113,748
Amounts repaid (54,517 ) (290,698 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (397,263 ) (501,465 )

13. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party are the directors as disclosed in the Directors' Report on page 2