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Registered number: 00670717









Cosmopolitan Textile Company Limited









Financial statements

Information for filing with the registrar

For the year ended 31 December 2024

 
Cosmopolitan Textile Company Limited
Registered number: 00670717

Balance sheet
As at 31 December 2024

2024
2023
Note
£
£

  

Investments
 4 
-
-

  
-
-

Current assets
  

Debtors: amounts falling due within one year
 5 
10,552,968
10,501,765

Cash at bank and in hand
 6 
2,457
2,667

  
10,555,425
10,504,432

Creditors: amounts falling due within one year
 7 
(100)
(130)

Net current assets
  
 
 
10,555,325
 
 
10,504,302

Total assets less current liabilities
  
10,555,325
10,504,302

  

Net assets
  
10,555,325
10,504,302


Capital and reserves
  

Called up share capital 
  
3,269,916
3,269,916

Share premium account
  
1,552,513
1,552,513

Capital redemption reserve
  
180,385
180,385

Profit and loss account
  
5,552,511
5,501,488

  
10,555,325
10,504,302


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 by: 




T Moussa
Director

Date: 17 June 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
Cosmopolitan Textile Company Limited
 
 
 
Notes to the financial statements
For the year ended 31 December 2024

1.


General information

The company is a private company limited by shares incorporated in England and Wales. The address of the registered office is Pannone Corporate Llp 378 - 380, Deansgate, Manchester,  M3 4LY. The company's registration number is 00670717.


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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Cosmopolitan Textile Company Limited is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.


 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2

 
Cosmopolitan Textile Company Limited
 
 
 
Notes to the financial statements
For the year ended 31 December 2024

3.


Employees




The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 January 2024
33,000



At 31 December 2024

33,000



Impairment


At 1 January 2024
33,000



At 31 December 2024

33,000



Net book value



At 31 December 2024
-



At 31 December 2023
-


5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
5,250,821
5,199,618

Amounts owed by related undertakings
5,301,578
5,301,578

Other debtors
569
569

10,552,968
10,501,765


Amounts due from group undertakings are repayable on demand, unsecured and attract interest at 1%.
Amounts due from related undertakings are repayable on demand, unsecured and bear no interest.

Page 3

 
Cosmopolitan Textile Company Limited
 
 
 
Notes to the financial statements
For the year ended 31 December 2024

6.


Cash

2024
2023
£
£

Cash at bank and in hand
2,457
2,667



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
-
30

Other creditors
100
100

100
130



8.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
2,457
2,457




Financial assets measured at fair value through profit or loss comprise...


9.


Related party transactions

At 31 December 2024, Cosmopolitan Textile Company Limited was owed £5,301,578 (2023: £5,301,578) by Hong Kong Industrial Services Limited, a company related by common ownership. The amount due is repayable on demand, unsecured and bears no interest.
The company has taken advantage of the exemption under FRS 102 not to provide information on related party transactions with other wholly owned subsidiary undertakings within the Cha Technologies Group.


10.


Controlling party

The immediate holding company is Cha Technologies Group Limited, a company registered in England and Wales. Cha Technologies Group Limited is the largest group of companies into which the company's results are consolidated where the financial statements are available to the public. Copies of the consolidated financial statements of Cha Technologies Group Limited may be obtained from the Registrar of Companies at Crown Way, Cardiff, CF14 3UZ. The ultimate parent company of the Company is CCM Trust (Cayman) Ltd, a company incorporated in the Cayman Islands.

Page 4

 
Cosmopolitan Textile Company Limited
 
 
 
Notes to the financial statements
For the year ended 31 December 2024

11.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 17 June 2025 by Chris Stewardson (Senior statutory auditor) on behalf of Hurst Accountants Limited.

 
Page 5