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REGISTERED NUMBER: 09342129 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

COTTLE LIMITED

COTTLE LIMITED (REGISTERED NUMBER: 09342129)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


COTTLE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs K Fleming
Mr J Fleming





REGISTERED OFFICE: 71 Downs Court Road
Purley
Surrey
CR8 1BG





REGISTERED NUMBER: 09342129 (England and Wales)





ACCOUNTANTS: Galloways Accounting
First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

COTTLE LIMITED (REGISTERED NUMBER: 09342129)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 - -
Investment property 4 510,373 510,373
510,373 510,373

CREDITORS
Amounts falling due within one year 5 417,596 425,154
NET CURRENT LIABILITIES (417,596 ) (425,154 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,777

85,219

PROVISIONS FOR LIABILITIES 14,995 14,995
NET ASSETS 77,782 70,224

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 6 63,924 63,924
Retained earnings 13,758 6,200
SHAREHOLDERS' FUNDS 77,782 70,224

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.

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 20 December 2024 and were signed on its behalf by:





Mr J Fleming - Director


COTTLE LIMITED (REGISTERED NUMBER: 09342129)

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


1. 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.

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.
Fixtures and fittings - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

2. EMPLOYEES AND DIRECTORS

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

3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 1,975
DEPRECIATION
At 1 April 2023
and 31 March 2024 1,975
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 510,373
NET BOOK VALUE
At 31 March 2024 510,373
At 31 March 2023 510,373

COTTLE LIMITED (REGISTERED NUMBER: 09342129)

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


4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2020 78,919
Cost 431,454
510,373

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 1,244
Tax 561 -
Directors' current accounts 415,635 422,602
Accrued expenses 1,400 1,308
417,596 425,154

6. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 63,924