Registered number
00944278
Coopers Investments Limited
Filleted Accounts
31 March 2024
Coopers Investments Limited
00944278
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 8,401,182 8,402,010
Current assets
Debtors 4 160,439 103,972
Cash at bank and in hand 185,816 238,912
346,255 342,884
Creditors: amounts falling due within one year 5 (276,617) (350,800)
Net current assets/(liabilities) 69,638 (7,916)
Total assets less current liabilities 8,470,820 8,394,094
Provisions for liabilities (1,267,478) (1,267,478)
Net assets 7,203,342 7,126,616
Capital and reserves
Called up share capital 1,000 1,000
Revaluation reserve 6 5,582,373 5,582,373
Profit and loss account 1,619,969 1,543,243
Shareholder's funds 7,203,342 7,126,616
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S A Cooper, Esq
Director
Approved by the board on 20 January 2025
Coopers Investments Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the renting out of properties held for investment and sundry building services rendered. Turnover from rental income is recognised according to rental periods and from the rendering of services, which is recognised by reference to the date the work is completed. It is measured by taking the costs incurred for work performed.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings Nil
Office and computer equipment 3 years straight line
Motor vehicles 25% on the reducing balance
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 7
3 Tangible fixed assets
Land and buildings Office & computer equipment Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 8,398,950 15,808 29,100 8,443,858
Disposals - - (10,500) (10,500)
At 31 March 2024 8,398,950 15,808 18,600 8,433,358
Depreciation
At 1 April 2023 250 15,808 25,790 41,848
Charge for the year - - 828 828
On disposals - - (10,500) (10,500)
At 31 March 2024 250 15,808 16,118 32,176
Net book value
At 31 March 2024 8,398,700 - 2,482 8,401,182
At 31 March 2023 8,398,700 - 3,310 8,402,010
Freehold land and buildings: 2024 2023
£ £
Historical cost 1,728,016 1,728,016
Cumulative depreciation based on historical cost 250 250
1,727,766 1,727,766
The Directors are of the opinion that the value of the land and buildings has not materially changed since the last professional valuation. The values are based on expected market price.
4 Debtors 2024 2023
£ £
Sales ledger control 92,604 98,454
Other debtors 67,835 5,518
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 38,307 1,912
Taxation and social security costs 40,744 12,210
Other creditors 197,566 336,678
276,617 350,800
Included in creditors is £127,692 (2023: £262,772) owing to one of the directors. The loan is interest-free and there is no fixed date of repayment. The director has confirmed that the loan will only be repaid as and when cash flow permits.
6 Revaluation reserve 2024 2023
£ £
At 1 April 2023 5,582,373 5,582,373
At 31 March 2024 5,582,373 5,582,373
7 Provisions for liabilities 2024 2023
£ £
Deferred taxation
At 1 April 2022 1,267,478 1,267,478
Increase in provision -
At 31 March 2023 1,267,478 1,267,478
8 Controlling party
The company is controlled by the children of the late Stanley Cooper, who own 95% of the issued share capital of the company.
9 Other information
Coopers Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
10 Union Street
Barnet
Hertfordshire
EN5 4HZ
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