Cohline (U.K) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02474481

Cohline (U.K) Limited

Filleted Financial Statements

31 December 2024

Cohline (U.K) Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Cohline (U.K) Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	300,752	346,151

Current assets

Stocks		522,315	453,816
Debtors	6	488,137	255,365
Investments	7	3,652,235	4,678,145
Cash at bank and in hand		1,056,355	1,180,949
		------------	------------
		5,719,042	6,568,275

Creditors: amounts falling due within one year	8	417,169	583,656
		------------	------------
Net current assets		5,301,873	5,984,619
		------------	------------
Total assets less current liabilities		5,602,625	6,330,770
		------------	------------
Net assets		5,602,625	6,330,770
		------------	------------

Capital and reserves

Called up share capital	100,000	100,000
Profit and loss account	5,502,625	6,230,770
	------------	------------
Shareholders funds	5,602,625	6,330,770
	------------	------------

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.

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.

These financial statements were approved by the board of directors and authorised for issue on 18 September 2025 , and are signed on behalf of the board by:

Dr J Korbach

Director

Company registration number: 02474481

Cohline (U.K) Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN.

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

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements, estimates and assumptions that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: (i) Purchase recognition - Directors recognise the purchases when significant risks and rewards of ownership are passed to them as buyer. They consider this has taken place on delivery and therefore record all deliveries not yet invoiced as accruals at the year end. (ii) Bad debt - Directors have included bad debt provisions for items which have not been paid between the year end date and the date of signing the accounts. Any debts which are in legal disputes have been reviewed and a proportions has been provided based on expected outcome. (iii) Useful economic life of fixed assets - The annual depreciation and amortisation charges are based upon management's assessment of the useful economic lives and residual values of the company's tangible assets. These are re-assessed annually and amended where necessary. (iv) Stock valuation - Stocks are measured at the lower of cost and estimated selling price less cost to complete and sell.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the average rate of exchange. Exchange differences are taken into account in arriving at the operating profit.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	10% straight line
Fixtures and fittings	-	10% straight line
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Work in progress Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision in made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. 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 profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 27 (2023: 27 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 January 2024	2,886,091	708,869	35,832	3,630,792
Additions	2,790	32,522	–	35,312
Disposals	( 24,462)	( 10,707)	–	( 35,169)
	------------	---------	--------	------------
At 31 December 2024	2,864,419	730,684	35,832	3,630,935
	------------	---------	--------	------------
Depreciation
At 1 January 2024	2,636,447	613,278	34,916	3,284,641
Charge for the year	63,071	17,277	229	80,577
Disposals	( 24,462)	( 10,573)	–	( 35,035)
	------------	---------	--------	------------
At 31 December 2024	2,675,056	619,982	35,145	3,330,183
	------------	---------	--------	------------
Carrying amount
At 31 December 2024	189,363	110,702	687	300,752
	------------	---------	--------	------------
At 31 December 2023	249,644	95,591	916	346,151
	------------	---------	--------	------------

6. Debtors

	2024	2023
	£	£
Trade debtors	301,364	142,075
Other debtors	186,773	113,290
	---------	---------
	488,137	255,365
	---------	---------

7. Investments

	2024	2023
	£	£
1148 / 2411 / 4650 Investments	3,652,235	4,678,145
	------------	------------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	250,520	362,272
Social security and other taxes	35,915	24,757
Other creditors	130,734	196,627
	---------	---------
	417,169	583,656
	---------	---------

9. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2024	2023
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	3,652,235	4,678,145
	------------	------------

Financial assets that are debt instruments measured at amortised cost

Trade debtors	301,364	142,075
Prepayments and accrued income	160,858	95,278
Cash at bank	1,056,197	1,178,523
	------------	------------
	1,518,419	1,415,876
	------------	------------

Financial liabilities measured at amortised cost

Trade creditors	286,435	362,272
Accruals and deferred income	31,809	66,223
	---------	---------
	318,244	428,495
	---------	---------

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2024	2023
	£	£
Not later than 1 year	48,000	186,000
	--------	---------

11. Summary audit opinion

The auditor's report dated 18 September 2025 was unqualified .

The senior statutory auditor was Roderick Archibald , for and on behalf of Burgess Hodgson Audit Limited .

12. Related party transactions

During the year the company entered into the following transactions with companies and partnerships in which Utta Gabriele Cohnen-Andres has an interest:- 2024 2023 Cohline GmbH Montabaur £ £ Sales to Cohline Montabaur 2,885 3,101 Purchases from Cohline Montabaur 0 0 Debtor at year end 813 813 ------ ------ Cohline GmbH Dillenburg £ £ Sales to Cohline Dillenburg 2,102,741 2,125,971 Purchases from Cohline Dillenburg 264,930 307,147 Debtor at year end 119,384 97,676 Creditor at year end 5,508 49,687 ------ ------ Cohnen Gesellschaft Buergerlichen Rechts £ £ Rent charged for the year 115,100 186,000 ------ ------

13. Controlling party

During the year the company was under the joint control of Utta Gabriele Cohnen-Andres and Claudia Katrin Cohnen.