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Registered number: 06877495













COSMO HOUSE LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024


 
COSMO HOUSE LIMITED
REGISTERED NUMBER:06877495


STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,035,881
1,058,426

  
1,035,881
1,058,426

Current assets
  

Debtors: amounts falling due within one year
 5 
4,448
4,281

Cash at bank and in hand
 6 
6,933
1,992

  
11,381
6,273

Creditors: amounts falling due within one year
 7 
(125,594)
(116,062)

Net current liabilities
  
 
 
(114,213)
 
 
(109,789)

Total assets less current liabilities
  
921,668
948,637

Creditors: amounts falling due after more than one year
 8 
(822,742)
(859,588)

  

Net assets
  
98,926
89,049


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
97,926
88,049

  
98,926
89,049


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 statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



A Chong
Director

Date: 11 June 2025

Page 1


 
COSMO HOUSE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Cosmo House 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. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 2


 
COSMO HOUSE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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 reporting date in the countries where the Company operates and generates income.


 
2.6

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
on written down value
Plant and machinery
-
20%
on written down value

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.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

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.

 
2.9

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.

Page 3


 
COSMO HOUSE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees




The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
1
1


4.


Tangible fixed assets





Freehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 April 2023
1,394,907
60,056
1,454,963



At 31 March 2024

1,394,907
60,056
1,454,963



Depreciation


At 1 April 2023
344,133
52,404
396,537


Charge for the year on owned assets
21,015
1,530
22,545



At 31 March 2024

365,148
53,934
419,082



Net book value



At 31 March 2024
1,029,759
6,122
1,035,881



At 31 March 2023
1,050,774
7,652
1,058,426

Page 4


 
COSMO HOUSE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Prepayments and accrued income
4,448
4,281



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,933
1,992



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
44,925
84,635

Other loans
29,520
-

Trade creditors
5,824
5,069

Other taxation and social security
23,719
15,331

Other creditors
3,606
2,027

Accruals and deferred income
18,000
9,000

125,594
116,062


Page 5


 
COSMO HOUSE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
44,869

Other loans
822,742
814,719

822,742
859,588


The following liabilities were secured:

2024
2023
£
£



Bank loans
44,925
129,504

Details of security provided:

Bank loans were secured by a legal charge over the company's freehold property.


9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
44,925
84,635

Other loans
29,520
-

Amounts falling due 1-2 years

Bank loans
-
44,869

Other loans
-
19,860


Amounts falling due after more than 5 years

Other loans
822,742
794,859

822,742
794,859

Page 6


 
COSMO HOUSE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary Shares shares of £1.00 each
1,000
1,000



11.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2024 was unqualified.

The audit report was signed on 11 June 2025 by Colin Edney (Senior Statutory Auditor) on behalf of Warrener Stewart.

Page 7