ACCOUNTS - Final Accounts preparation

Company registration number: 10664121

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	COBBOLD LAND LIMITED


COBBOLD LAND LIMITED

COMPANY INFORMATION

Directors	The Hon. E S F Lytton Cobbold
	Martha F Lytton Cobbold, Baroness Cobbold
	Henry F Lytton Cobbold, 3rd Baron Cobbold


Registered number	10664121


Registered office	The Estate Office
	Knebworth House
	Old Knebworth
	Knebworth
	SG3 6PY


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	Herts
	SG1 3QP


COBBOLD LAND LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Statement of Changes in Equity	3
Notes to the Financial Statements	4 - 7


COBBOLD LAND LIMITED REGISTERED NUMBER:10664121

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		1,668,438		1,668,438
			1,668,438		1,668,438
Current assets
Debtors: amounts falling due within one year	5	15,254		15,294
Cash at bank and in hand		46,000		48,869
		61,254		64,163
Creditors: amounts falling due within one year	6	(7,230)		(7,659)
Net current assets			54,024		56,504
Total assets less current liabilities			1,722,462		1,724,942
Provisions for liabilities
Deferred tax		(392,110)		(392,110)
			(392,110)		(392,110)
Net assets			1,330,352		1,332,832

Capital and reserves
Called up share capital	1,000	1,000
Revaluation reserve	1,276,328	1,276,328
Profit and loss account	53,024	55,504
	1,330,352	1,332,832

Page 1


COBBOLD LAND LIMITED REGISTERED NUMBER:10664121

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

The Hon. E S F Lytton Cobbold

Director

Date: 15 September 2025

The notes on pages 4 to 7 form part of these financial statements.

Page 2


COBBOLD LAND LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2025

	Called up share capital	Revaluation reserve	Profit and loss account	Total equity
	£	£	£	£
At 1 April 2023	1,000	1,000,000	52,692	1,053,692
Comprehensive income for the year
Profit for the year	-	-	2,812	2,812
Surplus on revaluation of freehold property	-	276,328	-	276,328
Other comprehensive income for the year	-	276,328	-	276,328
Total comprehensive income for the year	-	276,328	2,812	279,140
Total transactions with owners	-	-	-	-

At 1 April 2024	1,000	1,276,328	55,504	1,332,832
Comprehensive income for the year
Loss for the year	-	-	(2,480)	(2,480)
Other comprehensive income for the year	-	-	-	-
Total comprehensive income for the year	-	-	(2,480)	(2,480)
Total transactions with owners	-	-	-	-
At 31 March 2025	1,000	1,276,328	53,024	1,330,352

The notes on pages 4 to 7 form part of these financial statements.

Page 3


COBBOLD LAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Cobbold Land 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.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Rental income is recognised on a straight-line basis over the year in which the rental relates.

2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4


COBBOLD LAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.5

Tangible fixed assets

Tangible assets consists solely of items of land which are not depreciated in the accounts.

2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 3).

Page 5


COBBOLD LAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

		Land and buildings
		£
	Cost or valuation
	At 1 April 2024	1,668,438
	At 31 March 2025	1,668,438

	Net book value
	At 31 March 2025	1,668,438
	At 31 March 2024	1,668,438

On 31st March 2024, the principal land was revalued by the Directors to £1,668,438 on a market value basis.

Page 6


COBBOLD LAND LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Trade debtors	100	100
Other debtors	15,154	15,194
	15,254	15,294

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Corporation tax	-	659
Other creditors	230	-
Accruals and deferred income	7,000	7,000
	7,230	7,659

7.	Related party transactions

At the balance sheet date the company was owed £3,154 by Knebworth Estates and £12,000 by Lodge Farm Partnership. These balances can be found within debtors due within one year. No interest is being charged on these balances.
At the balance sheet date the company owed £230 to Lytton Land Limited. The balance can be found within creditors due within one year. No interest is being charged on this balance.
The entities are under common control.

Page 7