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REGISTERED NUMBER: 04984428 (England and Wales)








Unaudited Financial Statements

for the Year Ended

30 September 2024

for

Cottons Management Services Limited

Cottons Management Services Limited (Registered number: 04984428)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cottons Management Services Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: R D Longden
A J Barden





REGISTERED OFFICE: 361 Hagley Road
Edgbaston
Birmingham
B17 8DL





REGISTERED NUMBER: 04984428 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Cottons Management Services Limited (Registered number: 04984428)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 98,479 3,173

CURRENT ASSETS
Debtors 5 1,311,473 1,290,479
Cash at bank 28,666 9,667
1,340,139 1,300,146
CREDITORS
Amounts falling due within one year 6 268,661 234,430
NET CURRENT ASSETS 1,071,478 1,065,716
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,169,957

1,068,889

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 1,169,837 1,068,769
SHAREHOLDERS' FUNDS 1,169,957 1,068,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:





R D Longden - Director


Cottons Management Services Limited (Registered number: 04984428)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Cottons Management Services 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

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost

Taxation
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 date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 28 ) .

Cottons Management Services Limited (Registered number: 04984428)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 October 2023 57,444 3,753 45,508
Additions - - 3,001
Disposals - - -
At 30 September 2024 57,444 3,753 48,509
DEPRECIATION
At 1 October 2023 57,444 3,753 45,195
Charge for year - - 552
Eliminated on disposal - - -
At 30 September 2024 57,444 3,753 45,747
NET BOOK VALUE
At 30 September 2024 - - 2,762
At 30 September 2023 - - 313

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 57,938 7,679 172,322
Additions 122,239 - 125,240
Disposals (19,500 ) - (19,500 )
At 30 September 2024 160,677 7,679 278,062
DEPRECIATION
At 1 October 2023 57,938 4,819 169,149
Charge for year 11,340 980 12,872
Eliminated on disposal (2,438 ) - (2,438 )
At 30 September 2024 66,840 5,799 179,583
NET BOOK VALUE
At 30 September 2024 93,837 1,880 98,479
At 30 September 2023 - 2,860 3,173

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,311,473 1,290,479

Cottons Management Services Limited (Registered number: 04984428)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 4,780
Trade creditors 69,531 9,522
Taxation and social security 187,421 210,335
Other creditors 11,709 9,793
268,661 234,430

7. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £NIL (2023: £1,155).

8. RELATED PARTY DISCLOSURES

At 30 September 2024 the company was owed £1,294,605 (2023: £1,276,391) by Cottons Property Consultants LLP, a partnership under the control of the directors. Management fees of £1,313,000 (2023: £1,292,313) were charged to Cottons Property Consultants LLP during the year.