ACCOUNTS - Final Accounts



	The Kosse Company Ltd












	Unaudited
	Financial statements

	For the year ended 31 December 2024

	Registered number: 09398244


The Kosse Company Ltd - Registered number: 09398244

Statement of financial position

As at 31 December 2024

	2024	2024	2023	2023
Note	£	£	£	£

Fixed assets
Tangible assets	4		552		1,330
Investments	5		2		1
			554		1,331
Current assets
Debtors	6	634,420		253,363
Cash at bank and in hand		147,373		96,206
		781,793		349,569
Creditors: amounts falling due within one year	7	(150,090)		(181,101)
Net current assets			631,703		168,468
Total assets less current liabilities			632,257		169,799

Net assets			632,257		169,799

Capital and reserves
Share capital	100	100
Profit and loss account	632,157	169,699
	632,257	169,799

The directors consider 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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The Kosse Company Ltd - Registered number: 09398244

Statement of financial position (continued)

As at 31 December 2024

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:

................................................

D Kosse

Director

Date: 6 August 2025

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

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The Kosse Company Ltd

Notes to the financial statements

For the year ended 31 December 2024

1.	General information

The Kosse Company Ltd is a private company limited by shares and is registered in England and Wales. The registered office of the company is C/O Buzzacott LLP, 130 Wood Street, London, EC2V 6DL and its company registration number is 09398244.

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 Section 1A of Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

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 company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss account.

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The Kosse Company Ltd

Notes to the financial statements

For the year ended 31 December 2024

2.Accounting policies (continued)

2.4

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:

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.

2.5

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.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Office equipment

33%

straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of income and retained earnings.

2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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The Kosse Company Ltd

Notes to the financial statements

For the year ended 31 December 2024

2.Accounting policies (continued)

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs.

2.9

Cash

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

2.10

Creditors

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

2.11

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and other third parties and loans to related parties.

2.12

Dividends

Equity dividends are recognised when they become legally payable.

Employees

The average monthly number of employees during the year was nil (2023 - nil).

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The Kosse Company Ltd

Notes to the financial statements

For the year ended 31 December 2024

4.	Tangible fixed assets

		Office equipment
		£
	Cost
	At 1 January 2024	6,515
	At 31 December 2024	6,515
	Depreciation
	At 1 January 2024	5,185
	Charge for the year	778
	At 31 December 2024	5,963
	Net book value
	At 31 December 2024	552
	At 31 December 2023	1,330

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	At 1 January 2024	1
	Additions	1
	At 31 December 2024	2

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The Kosse Company Ltd

Notes to the financial statements

For the year ended 31 December 2024

Subsidiary undertakings
The following were subsidiary undertakings of the company:
Name	Registered office	Class of shares	Holding

	Everybody Reads Limited	C/O Melwoods, Imex House, 575-599 Maxted Road, Hemel Hempstead, Hertfordshire, London, HP2 7DX	Ordinary	100%
	Rockwood Pictures Development Limited	C/O Buzzacott LLP, 130 Wood Street, London, EC2V 6DL	Ordinary	100%

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	264,999	-
Other debtors	38,718	36,984
Prepayments and accrued income	330,703	216,379
	634,420	253,363

7.	Creditors: amounts falling due within one year
		2024	2023
		£	£

Trade creditors	12,300	-
Amounts owed to group undertakings	1	1
Corporation tax	-	50,052
Other taxation and social security	24,712	16,179
Other creditors	108,827	108,304
Accruals	4,250	6,565
	150,090	181,101

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