Company Registration No. 12335429 (England and Wales)
COVWICH LIMITED
Unaudited accounts
for the year ended 30 November 2024
COVWICH LIMITED
Unaudited accounts
Contents
COVWICH LIMITED
Company Information
for the year ended 30 November 2024
Directors
S J K Nagra
R D S Nagra
Company Number
12335429 (England and Wales)
Registered Office
7 High Street
Chapel-en-le-Frith
High Peak
SK23 0HD
United Kingdom
Accountants
Stoney Philbin & Company Limited
7 High Street
Chapel-en-le-Frith
High Peak
SK23 0HD
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
COVWICH LIMITED
for the year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
COVWICH LIMITED for the year ended
30 November 2024 as set out on pages
5 -
7 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 https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Stoney Philbin & Company Limited
Chartered Certified Accountants
7 High Street
Chapel-en-le-Frith
High Peak
SK23 0HD
24 September 2025
COVWICH LIMITED
Statement of financial position
as at 30 November 2024
Investment property
1,466,268
1,466,268
Cash at bank and in hand
117,967
79,859
Creditors: amounts falling due within one year
(644,668)
(621,614)
Net current liabilities
(526,701)
(541,755)
Total assets less current liabilities
939,567
924,513
Creditors: amounts falling due after more than one year
(897,480)
(899,981)
Called up share capital
100
100
Profit and loss account
41,987
24,432
Shareholders' funds
42,087
24,532
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by
R D S Nagra
Director
Company Registration No. 12335429
COVWICH LIMITED
Notes to the Accounts
for the year ended 30 November 2024
COVWICH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12335429. The registered office is 7 High Street, Chapel-en-le-Frith, High Peak, SK23 0HD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The accounts are prepared on a going concern basis. Although technically insolvent, the company is supported financially by its directors and expects results to improve due to initial costs not recurring in the next reporting period.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Carrying amount of land and buildings on cost basis
1,466,268
1,466,268
Fair value at 1 December 2023
1,466,268
At 30 November 2024
1,466,268
COVWICH LIMITED
Notes to the Accounts
for the year ended 30 November 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
92,837
92,837
Taxes and social security
4,055
3,585
Loans from directors
547,776
525,192
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
897,480
899,981
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loan
(262,596)
-
11,292
(273,888)
Directors loan
(262,596)
-
11,292
(273,888)
(525,192)
-
22,584
(547,776)
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).