1 false false true false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 11,251 5,618 2,813 8,431 2,820 5,633 xbrli:pure xbrli:shares iso4217:GBP 12535789 2023-04-01 2024-03-31 12535789 2024-03-31 12535789 2023-03-31 12535789 2022-04-01 2023-03-31 12535789 2023-03-31 12535789 2022-03-31 12535789 bus:Director1 2023-04-01 2024-03-31 12535789 core:WithinOneYear 2024-03-31 12535789 core:WithinOneYear 2023-03-31 12535789 core:ShareCapital 2024-03-31 12535789 core:ShareCapital 2023-03-31 12535789 core:RetainedEarningsAccumulatedLosses 2024-03-31 12535789 core:RetainedEarningsAccumulatedLosses 2023-03-31 12535789 bus:SmallEntities 2023-04-01 2024-03-31 12535789 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12535789 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12535789 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12535789 bus:FullAccounts 2023-04-01 2024-03-31 12535789 core:OfficeEquipment 2023-04-01 2024-03-31 12535789 core:OfficeEquipment 2024-03-31 12535789 core:OfficeEquipment 2023-03-31
COMPANY REGISTRATION NUMBER: 12535789
Cournswood Group Ltd
Filleted Unaudited Financial Statements
31 March 2024
Cournswood Group Ltd
Balance Sheet
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
2,820
5,633
Current assets
Debtors
6
360
530
Cash at bank and in hand
2,339
3,727
-------
-------
2,699
4,257
Creditors: amounts falling due within one year
7
69,728
36,638
--------
--------
Net current liabilities
67,029
32,381
--------
--------
Total assets less current liabilities
( 64,209)
( 26,748)
--------
--------
Net liabilities
( 64,209)
( 26,748)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 64,309)
( 26,848)
--------
--------
Shareholders deficit
( 64,209)
( 26,748)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income (including profit and loss account) has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Cournswood Group Ltd
Balance Sheet (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 26 February 2025 , and are signed on behalf of the board by:
Mr M S Watkins
Director
Company registration number: 12535789
Cournswood Group Ltd
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Courns Wood House, Clappins Lane, North Dean, High Wycombe, HP14 4NW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no material judgements, estimates or assumptions.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Equipment
£
Cost
At 1 April 2023 and 31 March 2024
11,251
--------
Depreciation
At 1 April 2023
5,618
Charge for the year
2,813
--------
At 31 March 2024
8,431
--------
Carrying amount
At 31 March 2024
2,820
--------
At 31 March 2023
5,633
--------
6. Debtors
2024
2023
£
£
Other debtors
360
530
----
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
69,728
36,638
--------
--------
8. Director's advances, credits and guarantees
As at 31 March 2024 £68,958 (2023 £35,798) is owed to Director and will be repaid before 31 March 2025.