Cotares Limited - Filleted accounts

Cotares Limited
Registered number:		04517596
Balance Sheet
at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		-			482

Current assets
Debtors	4	132			99
Cash at bank and in hand		5,369			6,172
		5,501			6,271

Creditors: amounts falling due within one year	5	(102)			(207)

Net current assets			5,399			6,064

Net assets			5,399			6,546

Capital and reserves
Called up share capital			485			485
Share premium			4,995			4,995
Profit and loss account			(81)			1,066

Shareholders' funds			5,399			6,546

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Dr Alan Henry Jones
Director
Approved by the board on 3 September 2025

Cotares Limited
Notes to the Financial Statements
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 – The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis and are presented in Sterling (£).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets over their expected useful lives, using the straight-line method.

	Plant and machinery	over 3 years

	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.

	Creditors
	Short term trade 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.

	Taxation
	Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that that have been enacted or substantively enacted by the reporting date. Deferred tax is calculated using the tax rates and laws that that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference and is recognised in respect of all timing differences at the reporting date, except as otherwise indicated. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Employee benefits
	Short-term employee benefits and contributions to defined contribution pension plans are recognised as an expense in the period in which they are incurred. The company operates stakeholder defined contribution pension schemes for the benefit of the employees and directors. The assets of the pension schemes are administered by an independent pensions provider.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		2		2


3	Tangible fixed assets
					Plant and machinery
£
	Cost
	At 1 September 2024				22,402
	Disposals				(22,402)
	At 31 August 2025				-

	Depreciation
	At 1 September 2024				21,920
	Charge for the year				482
	On disposals				(22,402)
	At 31 August 2025				-

	Net book value
	At 31 August 2025				-
	At 31 August 2024				482


4	Debtors		2025		2024
£				£

	Other taxes and social security		132		99
	Owed by director		-		-


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Taxation and social security costs		-		75
	Other creditors		102		102
	Accruals and deferred income		-		30
			102		207


6	Other information

	Cotares Limited is a private company limited by shares and incorporated in England. Its registered office is:
	67 Narrow Lane
	Histon
	Cambridge
	CB24 9YP