Company Registration No. 10941099 (England and Wales)
Cosi Developments Limited
Unaudited accounts
for the year ended 30 June 2024
Cosi Developments Limited
Unaudited accounts
Contents
Cosi Developments Limited
Company Information
for the year ended 30 June 2024
Director
Joseph Clark Duggan
Company Number
10941099 (England and Wales)
Registered Office
165 Smithdown Road
Liverpool
Merseyside
L15 2HD
England
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Cosi Developments Limited
Accountants' report
Accountants' report to the director of Cosi Developments Limited on the preparation of the unaudited statutory accounts for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Cosi Developments Limited for the year ended
30 June 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Cosi Developments Limited, as a body, in accordance with the terms of our engagement letter dated 24 October 2024. Our work has been undertaken solely to prepare for your approval the accounts of Cosi Developments Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cosi Developments Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Cosi Developments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Cosi Developments Limited. You consider that Cosi Developments Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Cosi Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
17 January 2025
Cosi Developments Limited
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
2,251
216
Creditors: amounts falling due within one year
(7,566)
(5,683)
Net current liabilities
(4,309)
(5,467)
Total assets less current liabilities
(4,149)
(3,952)
Creditors: amounts falling due after more than one year
(3,833)
(5,833)
Net liabilities
(7,982)
(9,785)
Called up share capital
1
1
Profit and loss account
(7,983)
(9,786)
Shareholders' funds
(7,982)
(9,785)
For the year ending 30 June 2024 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 January 2025 and were signed on its behalf by
Joseph Clark Duggan
Director
Company Registration No. 10941099
Cosi Developments Limited
Notes to the Accounts
for the year ended 30 June 2024
Cosi Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 10941099. The registered office is 165 Smithdown Road, Liverpool, Merseyside, L15 2HD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Cosi Developments Limited
Notes to the Accounts
for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
681
Loans from directors
7,146
-
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
Included in current assets is a loan of £1,006 (2023 - current liability of £2,073) to J.O. Property Group Ltd, a related company. The loan is interest-free and repayable on demand.
JO22 Holdings Ltd
165 Smithdown Road
Liverpool
L15 2HD
England
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).