Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31Property developmentThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-11-01true11falsetruefalse 12817468 2023-11-01 2024-10-31 12817468 2022-11-01 2023-10-31 12817468 2024-10-31 12817468 2023-10-31 12817468 c:Director1 2023-11-01 2024-10-31 12817468 d:FreeholdInvestmentProperty 2023-11-01 2024-10-31 12817468 d:FreeholdInvestmentProperty 2024-10-31 12817468 d:FreeholdInvestmentProperty 2023-10-31 12817468 d:CurrentFinancialInstruments 2024-10-31 12817468 d:CurrentFinancialInstruments 2023-10-31 12817468 d:Non-currentFinancialInstruments 2024-10-31 12817468 d:Non-currentFinancialInstruments 2023-10-31 12817468 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 12817468 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12817468 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 12817468 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 12817468 d:ShareCapital 2024-10-31 12817468 d:ShareCapital 2023-10-31 12817468 d:RetainedEarningsAccumulatedLosses 2024-10-31 12817468 d:RetainedEarningsAccumulatedLosses 2023-10-31 12817468 c:OrdinaryShareClass1 2023-11-01 2024-10-31 12817468 c:OrdinaryShareClass1 2024-10-31 12817468 c:FRS102 2023-11-01 2024-10-31 12817468 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12817468 c:FullAccounts 2023-11-01 2024-10-31 12817468 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12817468 e:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 12817468














COGENT PROPERTIES DEV 2 LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

 
COGENT PROPERTIES DEV 2 LTD
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 5


 
COGENT PROPERTIES DEV 2 LTD
REGISTERED NUMBER: 12817468

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
2,427,787
2,506,338

Current assets
  

Debtors: amounts falling due within one year
 5 
3,179
3,180

Cash at bank and in hand
  
262,510
21,676

  
265,689
24,856

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(1,778,007)
(1,786,898)

Net current liabilities
  
 
 
(1,512,318)
 
 
(1,762,042)

Total assets less current liabilities
  
915,469
744,296

Creditors: amounts falling due after more than one year
 7 
(913,419)
(744,919)

  

Net assets/(liabilities)
  
2,050
(623)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
2,049
(624)

  
2,050
(623)


The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

Page 1

 
COGENT PROPERTIES DEV 2 LTD
REGISTERED NUMBER: 12817468
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

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 on 11 June 2025.

J Saul
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
COGENT PROPERTIES DEV 2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

1.


General information

Cogent Properties Dev 2 Ltd is a private limited liability company registered in England and Wales. Its registered office address is at Frank Saul House, Steele Road, London, NW10 7AR.
The principal activity of the Company is property development. 
The functional and presentational currency of the Company is £ sterling.

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

Going concern

The Company's activities are funded by loans from a company under common control and a related party. The accounts have been prepared on a going concern basis on the assumption that this financial support will be maintained for at least twelve months from the date of approval of these financial statements.

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


 
2.4

Investment property

Investment property is carried at fair value determined annually by the director 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.

 
2.5

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.6

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.

Page 3

 
COGENT PROPERTIES DEV 2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price. 

 
2.8

Dividends

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 director was the only employee of the Company during the current and preceding period.



4.


Investment property


Freehold investment property

£



Valuation


At 1 November 2023
2,506,338


Additions at cost
274,449


Disposals
(353,000)



At 31 October 2024
2,427,787

In the opinion of the director the market value remained equal to cost at the Statement of Financial Position date.





5.


Debtors

2024
2023
£
£

Other debtors
3,179
3,180


Page 4

 
COGENT PROPERTIES DEV 2 LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,154
8,012

Corporation tax
13,323
-

Other creditors
1,732,719
1,778,886

Accruals and deferred income
30,811
-

1,778,007
1,786,898



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
913,419
744,919



8.


Share capital

2024
2023
£
£
Allotted, called up and partly paid



1 Ordinary share of £1
1
1


Page 5