Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-282025-02-28falseNo description of principal activity2024-03-0122falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00502716 2024-03-01 2025-02-28 00502716 2023-03-01 2024-02-29 00502716 2025-02-28 00502716 2024-02-29 00502716 c:Director2 2024-03-01 2025-02-28 00502716 d:OfficeEquipment 2024-03-01 2025-02-28 00502716 d:OfficeEquipment 2025-02-28 00502716 d:OfficeEquipment 2024-02-29 00502716 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 00502716 d:FreeholdInvestmentProperty 2025-02-28 00502716 d:FreeholdInvestmentProperty 2024-02-29 00502716 d:CurrentFinancialInstruments 2025-02-28 00502716 d:CurrentFinancialInstruments 2024-02-29 00502716 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 00502716 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 00502716 d:ShareCapital 2025-02-28 00502716 d:ShareCapital 2024-02-29 00502716 d:RevaluationReserve 2025-02-28 00502716 d:RevaluationReserve 2024-02-29 00502716 d:RetainedEarningsAccumulatedLosses 2025-02-28 00502716 d:RetainedEarningsAccumulatedLosses 2024-02-29 00502716 c:FRS102 2024-03-01 2025-02-28 00502716 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 00502716 c:FullAccounts 2024-03-01 2025-02-28 00502716 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 00502716 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-03-01 2025-02-28 00502716 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2025-02-28 00502716 5 2024-03-01 2025-02-28 iso4217:GBP xbrli:pure

Registered number: 00502716









WOOLNOUGH & COGMAN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

 
WOOLNOUGH & COGMAN LIMITED
 

CONTENTS



Page
Balance sheet
 
 
1 - 2
Notes to the financial statements
 
 
3 - 6


 
WOOLNOUGH & COGMAN LIMITED
REGISTERED NUMBER: 00502716

BALANCE SHEET
AS AT 28 FEBRUARY 2025

28 February
29 February
2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
3
5

Investment property
 5 
275,000
275,000

  
275,003
275,005

Current assets
  

Cash at bank and in hand
  
5,753
7,377

  
5,753
7,377

Creditors: amounts falling due within one year
 6 
(11,086)
(17,116)

Net current liabilities
  
 
 
(5,333)
 
 
(9,739)

Total assets less current liabilities
  
269,670
265,266

  

Net assets
  
269,670
265,266


Capital and reserves
  

Called up share capital 
  
8,000
8,000

Revaluation reserve
  
121,000
121,000

Profit and loss account
  
140,670
136,266

  
269,670
265,266


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
WOOLNOUGH & COGMAN LIMITED
REGISTERED NUMBER: 00502716
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 April 2025.



P.A. Cogman
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
WOOLNOUGH & COGMAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.


General information

The company is a private company limited by shares. It is both incorporated and domiciled in England and Wales. The registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ. 
The continuing principal activity of the company is that of property rental. The principal place of business is Poringland, Norfolk.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the company in respect of property rented in the year. The company is not VAT registered. 

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
WOOLNOUGH & COGMAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

Page 4

 
WOOLNOUGH & COGMAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)


2.9
Financial instruments (continued)

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measure, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).


4.


TANGIBLE FIXED ASSETS







Furniture, fittings and equipment

£



Cost or valuation


At 1 March 2024
602



At 28 February 2025

602



Depreciation


At 1 March 2024
598


Charge for the year on owned assets
1



At 28 February 2025

599



Net book value



At 28 February 2025
3



At 29 February 2024
5

Page 5

 
WOOLNOUGH & COGMAN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

5.


Investment property





Freehold investment property

£



Valuation


At 1 March 2024
275,000



At 28 February 2025
275,000

The 2025 valuations were made by the directors, on an open market value for existing use basis.





6.


Creditors: Amounts falling due within one year

28 February
29 February
2025
2024
£
£

Trade creditors
-
660

Other taxation and social security
3,379
2,339

Other creditors
5,330
11,783

Accruals and deferred income
2,377
2,334

11,086
17,116



7.


Related party transactions

As at 28 February 2025 a director was owed £3,329 (2024: £9,781) by the company.

 
Page 6