Company registration number 12872798 (England and Wales)
COMING SOON LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
COMING SOON LTD
CONTENTS
Page
Balance sheet
4 - 5
Notes to the financial statements
6 - 8
COMING SOON LTD
DIRECTOR'S REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 1 -
The director presents her annual report and financial statements for the year ended 30 September 2024.
Director
The director who held office during the year and up to the date of signature of the financial statements was as follows:
Ms J R Taylor
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Ms J R Taylor
Director
31 March 2025
COMING SOON LTD
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF COMING SOON LTD FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Coming Soon Ltd for the year ended 30 September 2024 which comprise the profit and loss account, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Coming Soon Ltd, as a body, in accordance with the terms of our engagement letter dated 2 October 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Coming Soon Ltd and state those matters that we have agreed to state to the board of directors of Coming Soon Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coming Soon Ltd and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Coming Soon Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Coming Soon Ltd. You consider that Coming Soon Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Coming Soon Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Taylor Viney & Marlow Limited
Chartered Accountants
46-54 High Street
Ingatestone
Essex
CM4 9DW
31 March 2025
COMING SOON LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
2024
2023
Notes
£
£
Turnover
-
-
Cost of sales
(4,198)
(250)
Gross loss
(4,198)
(250)
Administrative expenses
(4,206)
(1,536)
Other operating income
12,000
12,000
Operating profit
3,596
10,214
Interest payable and similar expenses
(6,438)
(6,991)
(Loss)/profit before taxation
(2,842)
3,223
Tax on (loss)/profit
(Loss)/profit for the financial year
(2,842)
3,223
The profit and loss account has been prepared on the basis that all operations are continuing operations.
COMING SOON LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 4 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
290,000
290,000
Current assets
Debtors
4
110
73
Cash at bank and in hand
109,915
120,379
110,025
120,452
Creditors: amounts falling due within one year
5
(220,881)
(220,477)
Net current liabilities
(110,856)
(100,025)
Total assets less current liabilities
179,144
189,975
Creditors: amounts falling due after more than one year
(177,407)
(185,396)
Provisions for liabilities
(1,936)
(1,936)
Net (liabilities)/assets
(199)
2,643
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(200)
2,642
Total equity
(199)
2,643
COMING SOON LTD
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2024
30 September 2024
- 5 -
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 31 March 2025
Ms J R Taylor
Director
Company registration number 12872798 (England and Wales)
COMING SOON LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 6 -
1
Accounting policies
Company information
Coming Soon Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Suit 305, Dorset House, 25 Duke Street, Chelmsford, Essex, England, CM1 1TB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.
1.2
Tangible fixed assets
Freehold land and buildings
N/A
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
1.3
Taxation
Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing difference arise from the inclusion of income and expenses in tax assessments in periods different from those in which they recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
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.
COMING SOON LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 7 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Land and buildings
£
Cost or valuation
At 1 October 2023 and 30 September 2024
290,000
Depreciation and impairment
At 1 October 2023 and 30 September 2024
Carrying amount
At 30 September 2024
290,000
At 30 September 2023
290,000
Land and buildings were revalued at 30th September 2022 by the director on the basis of open market value.
The following assets are carried at valuation. If the assets were measured using the cost model, the carrying amounts would be as follows:
2024
2023
£
£
Cost
279,810
279,810
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
110
73
COMING SOON LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 8 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
220,431
220,404
Other creditors
450
73
220,881
220,477
6
Operating lease commitments
[Further information as appropriate]
As lessor - operating leases
The operating leases represent leases [of XXX] to third parties. The leases are negotiated over terms of [XX-YY] years and rentals are fixed for [XX-YY] years. All leases include a provision for five-yearly upward rent reviews according to prevailing market conditions. There are no options in place for either party to extend the lease terms.
[Further information as appropriate]