Registration number:
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Coptic Street Limited
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Coptic Street Limited
Contents
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Company Information |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Coptic Street Limited
Company Information
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Director |
A F King |
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Registered office |
130 Shaftesbury Avenue |
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Accountants |
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Coptic Street Limited
Statement of Financial Position as at 31 March 2025
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2025 |
2024 |
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Fixed assets |
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Investments in partnerships |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
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A F King
Director
Company registration number: 04720266
Coptic Street Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
W1D 5EU
The principal activity of the company is that of an investment holding company.
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Accounting policies |
Statement of compliance
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' Section 1A and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.
Going concern
The company made a profit for the year ended 31 March 2025 and had net assets at that date of £247,071 including cash at bank of £119,477.
The directors have assessed the carrying value of the company's investment in a partnership and do not believe there is any permanent diminution in economic value.
On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements
Revenue recognition
The turnover shown in the profit and loss account represents amounts receivable during the year in respect of the profit shares due from investments in partnerships. The company recognises turnover in the period to which the profit share relates.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Coptic Street Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
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 taxable income.
Investments
Investments which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Investments represents net cash invested in partnerships together with accrued profit less amounts withdrawn.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, as estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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Staff numbers |
The average number of persons employed by the company during the year, was
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Investments |
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2025 |
2024 |
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Investment in a partnership |
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£ |
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Cost or valuation |
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At 1 April 2024 |
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Profit share |
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At 31 March 2025 |
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Debtors |
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2025 |
2024 |
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Other debtors |
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Coptic Street Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
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Creditors |
Creditors: amounts falling due within one year
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2025 |
2024 |
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Taxation and social security |
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Other creditors |
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Transactions with director |
During the year there were advances of £150,000 and repayments of £150,000. Interest of £2,330 (2024: £Nil) has been paid to the company at 2.25% per annum. There were no agreed terms.