REGISTERED NUMBER: 05546134 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

COOK & PARTNERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Jones FCA

J A Oliver ACA / FCCA

B Wenman FCCA

REGISTERED OFFICE:

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

REGISTERED NUMBER:

05546134 (England and Wales)

ACCOUNTANTS:

Cook & Partners Limited

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

FIXED ASSETS

Intangible assets

4

753,210

753,210

Tangible assets

5

40,282

9,651

793,492

762,861

CURRENT ASSETS

Debtors

6

751,926

738,431

Prepayments and accrued income

75,537

82,879

Cash at bank and in hand

451,542

463,537

1,279,005

1,284,847

CREDITORS

Amounts falling due within one year

7

453,189

354,382

NET CURRENT ASSETS

825,816

930,465

TOTAL ASSETS LESS CURRENT LIABILITIES

1,619,308

1,693,326

CREDITORS

Amounts falling due after more than one year

8

25,025

-

NET ASSETS

1,594,283

1,693,326

CAPITAL AND RESERVES

Called up share capital

284

306

Capital redemption reserve

22

-

Retained earnings

1,593,977

1,693,020

SHAREHOLDERS' FUNDS

1,594,283

1,693,326

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th September 2025 and were signed on its behalf by:

B Wenman FCCA - Director

J A Oliver ACA / FCCA - Director

1.	STATUTORY INFORMATION

Cook & Partners Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Purchased Goodwill arising on the acquisition of practices is not amortised as the directors are of the opinion that it has an indefinite life,and is capable of continued measurement.This policy is in accordance with Financial Reporting Standard 10,but it represents a departure from the requirements of the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities,which the directors believe to be justified on the grounds they consider that the accounts show a true and fair view by the adoption of the stated policy.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2024

and 31st December 2024

753,210

NET BOOK VALUE

At 31st December 2024

753,210

At 31st December 2023

753,210

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st January 2024

99,450

Additions

36,565

At 31st December 2024

136,015

DEPRECIATION

At 1st January 2024

89,799

Charge for year

5,934

At 31st December 2024

95,733

NET BOOK VALUE

At 31st December 2024

40,282

At 31st December 2023

9,651

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Fixtures

and

fittings

£

COST

At 1st January 2024

73,358

Additions

32,641

Transfer to ownership

(73,358

)

At 31st December 2024

32,641

DEPRECIATION

At 1st January 2024

73,358

Charge for year

1,632

Transfer to ownership

(73,358

)

At 31st December 2024

1,632

NET BOOK VALUE

At 31st December 2024

31,009

At 31st December 2023

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

735,697

729,161

Other debtors

16,229

9,270

751,926

738,431

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

6,528

8,558

Trade creditors

20,964

43,704

Taxation and social security

249,916

229,006

Other creditors

175,781

73,114

453,189

354,382

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

25,025

-

9.

RESERVES

During the year it was agreed by the directors that it was in the best interests of the company to enter into a share buyback agreement with minority shareholders.

21 £1 Ordinary B shares and 1 Ordinary H Share were bought back by the company out of distributable reserves for a total consideration, paid in cash, of £84,000, including stamp duty..

The transaction has been reported in the financial statements in accordance with FRS 102 as follows:

To redeem the shares:

Dr

Cr

Ordinary share capital

22

Profit and loss reserve

83,978

Other Creditors

84,000

To maintain the capital at its original amount:

Profit and loss reserve

22

Capital redemption reserve

22