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REGISTERED NUMBER: 09581180 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Cobalt Developments PL Limited

Cobalt Developments PL Limited (Registered number: 09581180)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cobalt Developments PL Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: R Chande
J A Deptuch
K Maj
W K Markowicz
M Piwonski
R Strzelecki





SECRETARY: J A Deptuch





REGISTERED OFFICE: Cobalt House
59B Imperial Way
Croydon
Surrey
CR0 4RR





REGISTERED NUMBER: 09581180 (England and Wales)





ACCOUNTANTS: PHS Accountants Ltd
105a Albemarle Road
Beckenham
Kent
BR3 5HS

Cobalt Developments PL Limited (Registered number: 09581180)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 481,868 481,868

CURRENT ASSETS
Debtors 6 70,887 10,577
Cash at bank and in hand 35,366 280,949
106,253 291,526
CREDITORS
Amounts falling due within one year 7 306,160 467,141
NET CURRENT LIABILITIES (199,907 ) (175,615 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

281,961

306,253

CREDITORS
Amounts falling due after more than one
year

8

239,139

262,363
NET ASSETS 42,822 43,890

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 42,622 43,690
SHAREHOLDERS' FUNDS 42,822 43,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Cobalt Developments PL Limited (Registered number: 09581180)

Balance Sheet - continued
31 January 2024


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 31 January 2025 and were signed on its behalf by:





J A Deptuch - Director


Cobalt Developments PL Limited (Registered number: 09581180)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Cobalt Developments PL Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Turnover
Turnover represents the the total value of rents receivable in the year.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 481,868
NET BOOK VALUE
At 31 January 2024 481,868
At 31 January 2023 481,868

Cobalt Developments PL Limited (Registered number: 09581180)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. INVESTMENT PROPERTY - continued

Leasehold investment properties, included in the above, are as follows:



Total
£
FAIR VALUE
At 1 June 2017 481,868
and 31 January 2018


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 70,887 10,577

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts (see note 9) 30,000 35,995
Trade creditors 233,282 420,290
Taxation and social security 338 2,118
Other creditors 42,540 8,738
306,160 467,141

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans (see note 9) 239,139 262,363

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 122,306 132,593

9. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 30,000 35,995

Amounts falling due between one and two years:
Bank loans - 1-2 years 33,000 36,245

Amounts falling due between two and five years:
Bank loans - 2-5 years 83,833 93,525

Cobalt Developments PL Limited (Registered number: 09581180)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. LOANS - continued
31.1.24 31.1.23
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 122,306 132,593

10. SECURED DEBTS

Bank loan is secured by way of a fixed charge over the leasehold property of the company.