MICROCOSM RESEARCH LIMITED

Company Registration Number:
01544584 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2024

Period of accounts

Start date: 01 October 2023

End date: 30 September 2024

MICROCOSM RESEARCH LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2024

Balance sheet
Notes

MICROCOSM RESEARCH LIMITED

Balance sheet

As at 30 September 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 500,001 500,001
Total fixed assets: 500,001 500,001
Current assets
Cash at bank and in hand: 18,615 17,365
Total current assets: 18,615 17,365
Creditors: amounts falling due within one year:   (48,723) (48,046)
Net current assets (liabilities): (30,108) (30,681)
Total assets less current liabilities: 469,893 469,320
Creditors: amounts falling due after more than one year:   (51,227) (51,227)
Provision for liabilities: (59,527) (59,527)
Total net assets (liabilities): 359,139 358,566
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:4335,899335,899
Profit and loss account: 23,140 22,567
Shareholders funds: 359,139 358,566

The notes form part of these financial statements

MICROCOSM RESEARCH LIMITED

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 November 2024
and signed on behalf of the board by:

Name: P Cheesewright
Status: Director

The notes form part of these financial statements

MICROCOSM RESEARCH LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the rents receivable is recognised when it is due.

Tangible fixed assets and depreciation policy

Other Fixed Assets 33.33 % per annum straight line basis At each balance sheet date, the Company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Valuation and information policy

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Other accounting policies

Taxation Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liablity is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

MICROCOSM RESEARCH LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

MICROCOSM RESEARCH LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible Assets

Total
Cost £
At 01 October 2023 501,000
At 30 September 2024 501,000
Depreciation
At 01 October 2023 999
At 30 September 2024 999
Net book value
At 30 September 2024 500,001
At 30 September 2023 500,001

MICROCOSM RESEARCH LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Revaluation reserve

2024
£
Balance at 01 October 2023 335,899
Surplus or deficit after revaluation 0
Balance at 30 September 2024 335,899