Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31No description of principal activity1false2023-04-011truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11264359 2023-04-01 2024-03-31 11264359 2022-04-01 2023-03-31 11264359 2024-03-31 11264359 2023-03-31 11264359 c:Director1 2023-04-01 2024-03-31 11264359 d:CurrentFinancialInstruments 2024-03-31 11264359 d:CurrentFinancialInstruments 2023-03-31 11264359 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11264359 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11264359 d:ShareCapital 2024-03-31 11264359 d:ShareCapital 2023-03-31 11264359 d:SharePremium 2024-03-31 11264359 d:SharePremium 2023-03-31 11264359 d:RetainedEarningsAccumulatedLosses 2024-03-31 11264359 d:RetainedEarningsAccumulatedLosses 2023-03-31 11264359 c:OrdinaryShareClass1 2023-04-01 2024-03-31 11264359 c:OrdinaryShareClass1 2024-03-31 11264359 c:OrdinaryShareClass1 2023-03-31 11264359 c:FRS102 2023-04-01 2024-03-31 11264359 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11264359 c:FullAccounts 2023-04-01 2024-03-31 11264359 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11264359 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11264359









COCHRANE DESIGN 6 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
COCHRANE DESIGN 6 LIMITED
REGISTERED NUMBER: 11264359

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
458,181
1,680,000

Debtors: amounts falling due within one year
 5 
11,594
2,175

Cash at bank and in hand
  
331
8,351

  
470,106
1,690,526

Creditors: amounts falling due within one year
 6 
(438,458)
(856,031)

Net current assets
  
 
 
31,648
 
 
834,495

Total assets less current liabilities
  
31,648
834,495

  

Net assets
  
31,648
834,495


Capital and reserves
  

Called up share capital 
 7 
200
200

Share premium account
  
1,353,230
1,353,230

Profit and loss account
  
(1,321,782)
(518,935)

  
31,648
834,495


Page 1

 
COCHRANE DESIGN 6 LIMITED
REGISTERED NUMBER: 11264359
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 year 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.

The company has opted not to file the statement of income and retained earnings 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 7 July 2025.



Sean Patrick Cochrane
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
COCHRANE DESIGN 6 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Cochrane Design 6 Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS. 

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 financial statements have been drawn up on a going concern basis on the assumption that the company's shareholders will continue to provide such financial support as the company requires to enable it to meet its liabilities when they fall due. The company has received assurance that such support will be provided.
Should such support be withdrawn, the company may be unable to continue trading and adjustments may have to be made to reduce the value of the assets to their recoverable amount and provide for any further liabilities that may arise.
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements, but with the proviso that a material uncertainty exists over the company’s future.

Page 3

 
COCHRANE DESIGN 6 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

 
2.4

Borrowing costs

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

 
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.


Page 4

 
COCHRANE DESIGN 6 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Stocks

Stocks and work in progress, comprising of property stocks under construction and held for resale, are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
Cost comprises land and associated acquisition costs, direct materials, subcontract work and other direct costs, including directly attributable borrowing costs, that have been incurred in bringing the stocks to their present location and condition.

 
2.7

Debtors

Short term debtors are measured at transaction price, 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.

 
2.9

Creditors

Short term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
COCHRANE DESIGN 6 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Stocks

2024
2023
£
£

Properties
458,181
1,680,000

458,181
1,680,000


Stocks recognised in cost of sales during the year amounted to £1,005,872 (2023 -  £739,500).


5.


Debtors

2024
2023
£
£


Other debtors
11,594
2,175

11,594
2,175



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
204,000
520,000

Trade creditors
11,610
23,295

Other creditors
216,848
290,486

Accruals and deferred income
6,000
22,250

438,458
856,031


The other loans are secured by debenture and fixed and floating charges over the assets of the company.


7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,999,982 (2023 - 1,999,982) Ordinary shares of £0.0001- each
200
200


Page 6

 
COCHRANE DESIGN 6 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Related party transactions

At the reporting date, the below balances were owed by Cochrane Design 6 Limited to the below companies in which Mr. Sean Patrick Cochrane is/was the director and/or a shareholder:
Cochrane Design 9 Limited - £1,000 (2023 - £1,000)
Cochrane Design London Limited - £29,107 (2023 - £15,800)
Chelsea Designers Ltd (formerly Cochrane Design Limited) - £56,473 (2023 - £58,573)
As at the reporting date, the below balances were owed from Cochrane Design 6 Limited to the below
companies in which Mr. Sean Patrick Cochrane is/was the director and/or a shareholder:
Cochrane Design 5 Limited - £588 (2023 - Nil)
SC Portfolio Limited - £2,350 (2023 - Nil)
At the reporting date, the company owed £130,268 (2022: £214,813) to the director, Mr Sean Patrick Cochrane. This amount is unsecured, interest-free and repayable on demand. 

 
Page 7