Unaudited Financial Statements for the Year Ended 31 December 2024

for

R and S Cohen Foundation Nominee Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Sir R M Cohen

Lady S Harel-Cohen

D N Marks

SECRETARY:

D N Marks

REGISTERED OFFICE:

4 Stanley Crescent

London

W11 2NB

REGISTERED NUMBER:

05752230 (England and Wales)

FIXED ASSETS

Investments

4

246,113

314,337

CREDITORS

Amounts falling due within one year

5

950

550

NET CURRENT LIABILITIES

(950

)

(550

)

TOTAL ASSETS LESS CURRENT LIABILITIES

245,163

313,787

CREDITORS

Amounts falling due after more than one year

6

200,087

202,126

NET ASSETS

45,076

111,661

CAPITAL AND RESERVES

Called up share capital

7

1

1

Fair value reserve

8

34,125

93,005

Retained earnings

8

10,950

18,655

SHAREHOLDERS' FUNDS

45,076

111,661

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Sir R M Cohen - Director

1.	STATUTORY INFORMATION

R and S Cohen Foundation Nominee 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.

Taxation

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

Private equity investments

Private Equity investments are stated at the carrying value provided by the private equity manager. The private equity managers prepare their valuations in accordance with the British Venture Capital Association guidelines. A provision is made against any loan where the carrying value provided to the company is less than the loan drawn. Where the carrying value is higher than the drawn loan the value of the equity investment is increased.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

The directors have made a commitment to Bridges Property Alternatives Fund III LP of up to £500,000, to be drawn at the discretion of the fund manager during the life of the fund. This has been fully drawn. In addition £...... (2023:£50,560) of recallable commitment may be called in certain circumstances by the Fund under the terms of the Fund Agreement.

31.12.24

31.12.23

Brought forward

£

£

Loan

154,066

174,954

Investment

160,271

159,396

314,337

334,350

Loan drawn in year

-

-

Appreciation/ (Depreciation) of investments

(58,880

)

(6,257

)

Loans repaid in year

(8,771

)

(20,888

)

Profit allocation

(573

)

7,132

(68,224

)

(20,013

)

Carried forward

Loan

145,295

154,066

Investment

100,818

160,271

246,113

314,337

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Accrued expenses

950

550

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

200,087

202,126

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1

Ordinary

£1

1

1

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2024

18,655

93,005

111,660

Deficit for the year

(7,705

)

(7,705

)

Net gain on investment

-

(58,880

)

(58,880

)

At 31 December 2024

10,950

34,125

45,075

9.	RELATED PARTY DISCLOSURES

R & S Cohen Foundation

A charity in which the directors are trustees.

During the year net loan payments of £2,038 were made from the R and S Cohen Foundation.

31.12.24

31.12.23

£

£

Amount due to related party at the balance sheet date

200,087

202,126