1 May 2023 v2024.63.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP048224462023-05-012024-04-30048224462024-04-30048224462023-04-3004822446core:WithinOneYear2024-04-3004822446core:WithinOneYear2023-04-3004822446core:ShareCapital2024-04-3004822446core:ShareCapital2023-04-3004822446core:OtherReservesSubtotal2024-04-3004822446core:OtherReservesSubtotal2023-04-3004822446core:RetainedEarningsAccumulatedLosses2024-04-3004822446core:RetainedEarningsAccumulatedLosses2023-04-3004822446bus:Director12023-05-012024-04-3004822446bus:RegisteredOffice2023-05-012024-04-3004822446core:FurnitureFittingsToolsEquipment2023-05-012024-04-3004822446core:MotorVehicles2023-05-012024-04-30048224462023-01-012023-04-3004822446core:NetGoodwill2024-04-3004822446core:PlantMachinery2023-05-0104822446core:PlantMachinery2023-05-012024-04-3004822446core:PlantMachinery2024-04-3004822446core:PlantMachinery2023-04-300482244612023-05-012024-04-3004822446countries:EnglandWales2023-05-012024-04-3004822446bus:AuditExemptWithAccountantsReport2023-05-012024-04-3004822446bus:PrivateLimitedCompanyLtd2023-05-012024-04-3004822446bus:SmallEntities2023-05-012024-04-3004822446bus:FullAccounts2023-05-012024-04-30
Company registration number:
04822446
Cooper Park Wealth Management Limited
Unaudited Filleted Financial Statements for the year ended
30 April 2024
Cooper Park Wealth Management Limited
Statement of Financial Position
30 April 2024
20242023
Note££
Fixed assets    
Tangible assets 6
30,226
 
39,405
 
Current assets    
Debtors 7 -  
316,496
 
Cash at bank and in hand
1,373,309
 
1,178,554
 
1,373,309
 
1,495,050
 
Creditors: amounts falling due within one year 8
(174,255
)
(530,740
)
Net current assets
1,199,054
 
964,310
 
Total assets less current liabilities 1,229,280   1,003,715  
Provisions for liabilities
(7,556
)
(9,851
)
Net assets
1,221,724
 
993,864
 
Capital and reserves    
Called up share capital
101
 
101
 
Other reserves
100
 
100
 
Profit and loss account
1,221,523
 
993,663
 
Shareholders funds
1,221,724
 
993,864
 
For the year ending
30 April 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • 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 Act 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.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
25 November 2024
, and are signed on behalf of the board by:
Mr P J Cooper
Director
Company registration number:
04822446
Cooper Park Wealth Management Limited
Notes to the Financial Statements
Year ended
30 April 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
43 East Parade
,
Harrogate
,
North Yorkshire
,
HG1 5LQ
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Revenue from the sale of services is recognised when the significant risks and rewards of ownership have transferred to the buyer, the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
25% straight line
Motor vehicles
25% reducing balance

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
6
(2023:
8.00
).

5 Intangible assets

Goodwill
£
Cost  
At
1 May 2023
and
30 April 2024
30,000
 
Amortisation  
At
1 May 2023
and
30 April 2024
30,000
 
Carrying amount  
At
30 April 2024
-  
At 30 April 2023 -  

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 May 2023
97,615
 
Additions
2,850
 
At
30 April 2024
100,465
 
Depreciation  
At
1 May 2023
58,210
 
Charge
12,029
 
At
30 April 2024
70,239
 
Carrying amount  
At
30 April 2024
30,226
 
At 30 April 2023
39,405
 

7 Debtors

20242023
££
Trade debtors -  
16,501
 
Amounts owed by group undertakings and undertakings in which the company has a participating interest -  
299,995
 
-  
316,496
 

8 Creditors: amounts falling due within one year

20242023
££
Taxation and social security
125,930
 
480,155
 
Other creditors
48,325
 
50,585
 
174,255
 
530,740