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D & H Cosgrove Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2025

Registration number: 14127577

 

D & H Cosgrove Ltd

Contents

Statement of financial position

1

Notes to the Unaudited Financial Statements

2 to 4

 

D & H Cosgrove Ltd

(Registration number: 14127577)
Statement of financial position as at 31 May 2025

Note

2025
£

2024
£

Fixed assets

 

Investment property

4

1,020,000

1,020,000

Current assets

 

Debtors

5

-

1,411

Cash at bank and in hand

 

162,485

117,759

 

162,485

119,170

Creditors: Amounts falling due within one year

6

(19,678)

(21,227)

Net current assets

 

142,807

97,943

Total assets less current liabilities

 

1,162,807

1,117,943

Provisions for liabilities

(42,513)

(43,958)

Net assets

 

1,120,294

1,073,985

Capital and reserves

 

Called up share capital

7

1,020,000

1,020,000

Other reserves

170,800

170,800

Retained earnings

(70,506)

(116,815)

Shareholders' funds

 

1,120,294

1,073,985

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their 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 Board on 13 August 2025 and signed on its behalf by:
 

.........................................
Mr D J Cosgrove
Director

 

D & H Cosgrove Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1

General information

The company is a private company limited by share capital, incorporated in England .

The address of its registered office is:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

These financial statements were authorised for issue by the Board on 13 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred 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.

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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

D & H Cosgrove Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4

Investment properties

2025
£

At 1 June

1,020,000

At 31 May 23

1,020,000

The property was independently valued at £1,020,000 by Grillo Chartered Surveyors on 19th May 2022

5

Debtors

Current

2025
£

2024
£

Prepayments

-

1,411

 

-

1,411

 

D & H Cosgrove Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

11,053

12,727

Accruals and deferred income

1,625

1,500

Other creditors

7,000

7,000

19,678

21,227

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

1,020,000

1,020,000

1,020,000

1,020,000