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Company Registration No. 04309017 (England and Wales)
Cobalt Three Limited Unaudited accounts for the year ended 31 October 2024
Cobalt Three Limited Company Information for the year ended 31 October 2024
Directors
Bradley Forster Janice Forster
Company Number
04309017 (England and Wales)
Registered Office
C/O Accounting Inc. Ltd Mailing Exchange Hoults Yard, Walker Rd Newcastle upon Tyne Tyne and Wear NE6 2HL
Accountants
Accounting Inc. Ltd Hoults Yard Walker Rd Newcastle upon Tyne Tyne and Wear NE6 2HL
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Cobalt Three Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
400 
799 
Current assets
Debtors
- 
2,764 
Cash at bank and in hand
95,005 
178,176 
95,005 
180,940 
Creditors: amounts falling due within one year
(3,315)
(44,491)
Net current assets
91,690 
136,449 
Net assets
92,090 
137,248 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
91,990 
137,148 
Shareholders' funds
92,090 
137,248 
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2025 and were signed on its behalf by
Bradley Forster Director Company Registration No. 04309017
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Cobalt Three Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Cobalt Three Limited is a private company, limited by shares, registered in England and Wales, registration number 04309017. The registered office is C/O Accounting Inc. Ltd Mailing Exchange, Hoults Yard, Walker Rd, Newcastle upon Tyne, Tyne and Wear, NE6 2HL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Computer equipment
25% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2023
50,000 
At 31 October 2024
50,000 
Amortisation
At 1 November 2023
50,000 
At 31 October 2024
50,000 
Net book value
At 31 October 2024
- 
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Cobalt Three Limited Notes to the Accounts for the year ended 31 October 2024
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
126,839 
5,036 
131,875 
At 31 October 2024
126,839 
5,036 
131,875 
Depreciation
At 1 November 2023
126,839 
4,237 
131,076 
Charge for the year
- 
399 
399 
At 31 October 2024
126,839 
4,636 
131,475 
Net book value
At 31 October 2024
- 
400 
400 
At 31 October 2023
- 
799 
799 
During the financial year, the company sold an investment property, recognising the sale was recorded at the date of completion, with the difference between the selling price and the carrying amount reflected in the profit and loss account.
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
2,764 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
158 
Taxes and social security
- 
(5)
Other creditors
- 
1,644 
Loans from directors
3,315 
42,694 
3,315 
44,491 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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