REGISTERED NUMBER: 01264469 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

COGENT ELLIOTT INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

W.E. Husselby

M.S. Husselby

REGISTERED OFFICE:

The Fold

Spencer Street

Royal Leamington Spa

Warwickshire

CV31 3NE

REGISTERED NUMBER:

01264469 (England and Wales)

AUDITORS:

Dafferns Audit Limited

Chartered Accountants

Statutory Auditor

One Eastwood

Harry Weston Road

Binley Business Park

Coventry

CV3 2UB

FIXED ASSETS

Tangible assets

5

9,132

11,342

Investment property

6

5,600,000

5,600,000

5,609,132

5,611,342

CURRENT ASSETS

Debtors

7

617,009

183,495

Cash at bank

19,037

25,632

636,046

209,127

CREDITORS

Amounts falling due within one year

8

3,435,125

3,108,259

NET CURRENT LIABILITIES

(2,799,079

)

(2,899,132

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,810,053

2,712,210

CREDITORS

Amounts falling due after more than one year

9

340,000

250,000

NET ASSETS

2,470,053

2,462,210

CAPITAL AND RESERVES

Called up share capital

10

2

2

Revaluation reserve

11

2,406,404

2,406,404

Retained earnings

11

63,647

55,804

SHAREHOLDERS' FUNDS

2,470,053

2,462,210

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

M.S. Husselby - Director

1.	STATUTORY INFORMATION

Cogent Elliott Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

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

Turnover represents property rental income and administration recharges and is recognised on a straight line basis in line with agreements in place.

Tangible fixed assets

Tangible fixed assets are recognised at cost and subsequently measured under the historical cost model being cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes any direct expenditure incurred to bring the asset to its current location and condition necessary for the asset to work as intended by management.

Repairs and maintenance costs are charged to the Statement of Comprehensive Income in the period in which they are incurred.

Depreciation is provided on the cost of tangible assets in equal annual instalments over their estimated useful lives, which are as follows :

Short leasehold property

- 10 years

Fixtures and equipment

- Between 3 and 5 years

Any gains and losses on the disposal of tangible fixed assets are recognised in the Statement of Comprehensive Income in the year that the disposal takes place.

Investment property

Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Comprehensive Income.

The most recent valuation uses the rental yield method of valuation. It is based on an equivalent yield of 8% to 8.5% and market evidence for similar property transactions.

Financial instruments

Basic financial instruments in debtors and creditors with no stated interest rate, and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Statement of Comprehensive Income in other administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

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 the Statement of Comprehensive Income in the period to which they relate. A defined contribution plan is a pension scheme under which the company pays fixed contributions into an independently administered fund and has no further obligations once the contributions have been paid.

Leases

Rentals payable under operating leases are charged to the Statement of Comprehensive Income on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 6 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

leasehold

fittings

Totals

£

£

£

COST

At 1 January 2024

133,500

112,554

246,054

Additions

-

3,281

3,281

Disposals

(133,500

)

(70,343

)

(203,843

)

At 31 December 2024

-

45,492

45,492

DEPRECIATION

At 1 January 2024

132,700

102,012

234,712

Charge for year

800

4,691

5,491

Eliminated on disposal

(133,500

)

(70,343

)

(203,843

)

At 31 December 2024

-

36,360

36,360

NET BOOK VALUE

At 31 December 2024

-

9,132

9,132

At 31 December 2023

800

10,542

11,342

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

5,600,000

NET BOOK VALUE

At 31 December 2024

5,600,000

At 31 December 2023

5,600,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

5,600,000

If Investment Property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

3,193,596

3,193,596

The investment property was valued on a rental yield basis on 1 June 2024 by Bromwich Hardy .

The directors have adopted this valuation as appropriate at 31 December 2024.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

617

229

Amounts owed by group undertakings

429,566

18,099

Other debtors

183,690

158,664

Prepayments

3,136

6,503

617,009

183,495

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

144,470

127,541

Amounts owed to group undertakings

2,981,663

2,741,663

VAT

35,324

69,194

Directors' loan accounts

104,114

18,069

Accruals and deferred income

169,554

151,792

3,435,125

3,108,259

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Directors' loan accounts

340,000

250,000

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 January 2024

55,804

2,406,404

2,462,208

Profit for the year

247,843

247,843

Dividends

(240,000

)

(240,000

)

At 31 December 2024

63,647

2,406,404

2,470,051

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Geoffrey Cox BA FCA (Senior Statutory Auditor)

for and on behalf of Dafferns Audit Limited

13.	CONTINGENT LIABILITIES

At the year end the company has guaranteed borrowings of fellow subsidiaries amounting to £1,508,955 (2023: £1,598,401) and has entered into a group overdraft facility which is secured by a fixed and floating charge over all assets of the company.

After the year end, following group refinancing, the guarantees across the group entities have been removed.

14.	OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet, amount to £480,000 (2023: £484,694).

15.	ULTIMATE PARENT COMPANY

The Company is a wholly-owned subsidiary of Cogent Elliott Group Limited (CEGL), which is its

ultimate parent company.

The registered office and principal place of business of CEGL is The Fold, Spencer Street, Royal Leamington Spa, Warwickshire, CV31 3NE, from which group accounts can be obtained.

16.	RELATED PARTY DISCLOSURES

During the year the company had a loan with 20 (London) Limited, a company connected with Mr W E Husselby and Mr M S Husselby. The balance outstanding at the year end was £39,825 (2023: £39,825).