Registered number
03495881
Coolward Limited
Filleted Accounts
31 December 2024
Coolward Limited
Registered number: 03495881
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 669,001 669,081
Current assets
Cash at bank and in hand 17,361 15,347
Creditors: amounts falling due within one year 4 (15,046) (11,947)
Net current assets 2,315 3,400
Net assets 671,316 672,481
Capital and reserves
Called up share capital 2 2
Revaluation reserve 5 463,560 463,560
Profit and loss account 207,754 208,919
Shareholders' funds 671,316 672,481
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 members have 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.
J V Clow
Director
Approved by the board on 10 April 2025
Coolward Limited
Notes to the Accounts
for the year ended 31 December 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 and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
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:
Fixtures, fittings, tools and equipment 25% reducing balance
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 668,760 6,637 675,397
At 31 December 2024 668,760 6,637 675,397
Depreciation
At 1 January 2024 - 6,316 6,316
Charge for the year - 80 80
At 31 December 2024 - 6,396 6,396
Net book value
At 31 December 2024 668,760 241 669,001
At 31 December 2023 668,760 321 669,081
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 6,783 6,235
Other creditors 8,263 5,712
15,046 11,947
5 Revaluation reserve 2024 2023
£ £
At 1 January 2024 463,560 463,560
At 31 December 2024 463,560 463,560
6 Controlling party
The company is controlled by the directors.
7 Other information
Coolward Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Holbrook Row
St. Erth
Hayle
Cornwall
TR27 6HW
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