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Registered number: 06877495 COSMO HOUSE LIMITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
COSMO HOUSE LIMITED REGISTERED NUMBER:06877495
STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible fixed assets |  |  | 1,016,711 |  | 1,035,881
|  |  | 1,016,711 |  | 1,035,881
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 17,780 |  | 4,448 |
Cash at bank and in hand | 7 | 135,093 |  | 6,933 |
|  | 152,873 |  | 11,381 |
Creditors: amounts falling due within one year | 8 | (353,591) |  | (125,594) |
Net current liabilities |  |  | (200,718) |  | (114,213)
Total assets less current liabilities |  |  | 815,993 |  | 921,668
Creditors: amounts falling due after more than one year | 9 |  | (957,400) |  | (822,742)
Net (liabilities)/assets |  |  | (141,407) |  | 98,926
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1,050 |  | 1,000
Share premium account |  |  | 40,950 |  | -
Profit and loss account |  |  | (183,407) |  | 97,926
|  |  | (141,407) |  | 98,926
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 statement of comprehensive income 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:
A Chong
Director
Date: 23 October 2025
Page 1
COSMO HOUSE LIMITED REGISTERED NUMBER:06877495
STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 MARCH 2025 The notes on pages 3 to 8 form part of these financial statements. Page 2
COSMO HOUSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
Cosmo House 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
| 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 | Going concern
The company realised a loss for the year and showed net liabilities at the balance sheet date. The loss is arrived at after an exceptional provision for repairs to the roof of the company's freehold property. The cost of the repairs is being met from shareholders who have committed to support the refurbishment project. In view of the above, the director is of the view that the company will remain in existence for the foreseeable future and that the going concern basis is appropriate for the preparation of its financial statements.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 3
COSMO HOUSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.6 | 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.
| 2.7 | Exceptional items
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
| 2.8 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - | 2% | on written down value
|  |  |  | Plant and machinery | - | 20% | on written down value
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.9 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Page 4
COSMO HOUSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 2.10 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.11 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. | Employees
| The average monthly number of employees, including the director, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Directors | 1 | 1
4. | Exceptional items
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Provision for major roof repairs | 285,542 | -
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COSMO HOUSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | Tangible fixed assets
|  | Freehold property | Plant and machinery | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 April 2024 | 1,394,907 | 60,056 | 1,454,963
| Additions | - | 2,840 | 2,840
| At 31 March 2025 | 1,394,907 | 62,896 | 1,457,803
| Depreciation |  |  |
| At 1 April 2024 | 365,148 | 53,934 | 419,082
| Charge for the year on owned assets | 20,596 | 1,414 | 22,010
| At 31 March 2025 | 385,744 | 55,348 | 441,092
| Net book value |  |  |
| At 31 March 2025 | 1,009,163 | 7,548 | 1,016,711
| At 31 March 2024 | 1,029,759 | 6,122 | 1,035,881
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COSMO HOUSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Prepayments and accrued income | 17,780 | 4,448
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 135,093 | 6,933
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | - | 44,925
| Other loans | - | 29,520
| Trade creditors | 19,183 | 5,824
| Taxation and social security | 26,366 | 23,719
| Other creditors | - | 3,606
| Accruals and deferred income | 308,042 | 18,000
|  | 353,591 | 125,594
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COSMO HOUSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other loans | 957,400 | 822,742
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other loans | 697,400 | -
| Bank loans | - | 44,925
|  | 697,400 | 44,925
| Details of security provided:
Bank loans were secured by a legal charge over the company's freehold property.
10. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Authorised, allotted, called up and fully paid |  |
|  | 1,050 (2024 - 1,000) Ordinary Shares shares of £1.00 each | 1,050 | 1,000
During the year, 50 ordinary shares were issued at a price of £820 each. The difference between issue price and nominal value was transferred to share premium account.
11. | Controlling Party
The company is controlled by T Chan.
12. | Auditors' information
The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified. The audit report was signed on 23 October 2025 by Colin Edney (Senior Statutory Auditor) on behalf of Warrener Stewart.
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