COMPANY REGISTRATION NUMBER:
03299968
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COTTESMORE COURT (GARAGE) LIMITED |
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FILLETED UNAUDITED FINANCIAL STATEMENTS |
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COTTESMORE COURT (GARAGE) LIMITED |
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YEAR ENDED 31st MARCH 2025
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Officers and professional advisers |
1 |
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Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements |
2 |
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Statement of financial position |
3 |
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Notes to the financial statements |
4 |
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COTTESMORE COURT (GARAGE) LIMITED |
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CHARTERED CERTIFIED ACCOUNTANTS REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF
COTTESMORE COURT (GARAGE) LIMITED |
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YEAR ENDED 31st MARCH 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cottesmore Court (Garage) Limited for the year ended 31st March 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the director of Cottesmore Court (Garage) Limited in accordance with the terms of our engagement letter dated 20th August 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Cottesmore Court (Garage) Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cottesmore Court (Garage) Limited and its director for our work or for this report.
It is your duty to ensure that Cottesmore Court (Garage) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cottesmore Court (Garage) Limited. You consider that Cottesmore Court (Garage) Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Cottesmore Court (Garage) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Colne Valley Business Services LLP t/a Cloke & Co
Chartered Certified Accountants
106-107 Dowgate Hill House
14-16 Dowgate Hill
London
EC4R 2SU
3 June 2025
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COTTESMORE COURT (GARAGE) LIMITED |
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STATEMENT OF FINANCIAL POSITION |
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31 March 2025
CURRENT ASSETS
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Debtors |
4 |
29,257 |
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11,223 |
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Cash at bank and in hand |
2,903 |
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4,153 |
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-------- |
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-------- |
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32,160 |
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15,376 |
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CREDITORS: amounts falling due within one year |
5 |
25,544 |
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8,849 |
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-------- |
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NET CURRENT ASSETS |
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6,616 |
6,527 |
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------- |
------- |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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6,616 |
6,527 |
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------- |
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NET ASSETS |
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6,616 |
6,527 |
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------- |
------- |
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CAPITAL AND RESERVES
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Called up share capital |
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1 |
1 |
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Profit and loss account |
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6,615 |
6,526 |
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------- |
------- |
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SHAREHOLDERS FUNDS |
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6,616 |
6,527 |
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------- |
------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
2 June 2025
, and are signed on behalf of the board by:
Company registration number:
03299968
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COTTESMORE COURT (GARAGE) LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
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YEAR ENDED 31st MARCH 2025
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 106-107 Dowgate Hill House, 14-16 Dowgate Hill, London, EC4R 2SU.
2.
STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
ACCOUNTING POLICIES
BASIS OF PREPARATION
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In the application of the Company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
REVENUE RECOGNITION
The turnover shown in the profit and loss account represents the value of rent received from the leasing of garages, exclusive of Value Added Tax.
INCOME TAX
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
FINANCIAL INSTRUMENTS
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
DEBTORS
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2025 |
2024 |
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£ |
£ |
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Trade debtors |
18,878 |
10,555 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
9,689 |
– |
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Other debtors |
690 |
668 |
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29,257 |
11,223 |
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5.
CREDITORS:
amounts falling due within one year
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2025 |
2024 |
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£ |
£ |
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Trade creditors |
22,523 |
3,822 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
– |
2,550 |
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Corporation tax |
21 |
77 |
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Other creditors |
3,000 |
2,400 |
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------- |
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25,544 |
8,849 |
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------- |
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6.
RELATED PARTY TRANSACTIONS
In the opinion of the director the company's ultimate parent company and controlling party is Cottesmore Court Management Company Limited which is incorporated in Great Britain. The director of Cottesmore Court (Garage) Limited, is also a director of Cottesmore Court Management Company Limited. During the year, the company paid rent in the ordinary course of business to its parent company amounting to £55,650 (2024 - £54,500) and at the year end £9,689 was owed by the parent company to Cottesmore Court (Garage) Limited; in 2024 £2,550 was owed to the parent company by Cottesmore Court (Garage) Limited.