Cuero Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13520635

		31 December 2024		31 July 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		789,000		346,000

			789,000		346,000
CURRENT ASSETS
Debtors	5	1,445		84,358
Cash at bank and in hand		20,553		8,958

		21,998		93,316
Creditors: Amounts Falling Due Within One Year	6	(9,426 )		(522 )

NET CURRENT ASSETS (LIABILITIES)			12,572		92,794

TOTAL ASSETS LESS CURRENT LIABILITIES			801,572		438,794

Creditors: Amounts Falling Due After More Than One Year	7		(754,014 )		(453,709 )

NET ASSETS/(LIABILITIES)			47,558		(14,915 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Other reserves			92,736		70,682
Profit and Loss Account			(45,278 )		(85,697 )

SHAREHOLDERS' FUNDS			47,558		(14,915)

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Cuero Ltd

Balance Sheet (continued)

As At 31 December 2024

For the period ending 31 December 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Jacob Okpere

Director

29/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Cuero Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13520635 . The registered office is 70 Grange Road East, Birkenhead, Wirral, CH41 5FE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property is based on director's valuations and has not been based on a valuation by an independent valuer with a professional qualification. No depreciation is provided for.

Changes in fair value are recognised in the profit and loss account.

2.5. Related Party Transactions

Loans made to connected parties are recognised in the financial statements at the discounted present value using the effective interest rate method.

2.6. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 2 (2023: 2)

4. Tangible Assets

	Investment Properties
	£
Cost or Valuation
As at 1 August 2023	346,000
Additions	399,583
Disposals	(1,714 )
Revaluation	45,131

As at 31 December 2024	789,000

Net Book Value
As at 31 December 2024	789,000

As at 1 August 2023	346,000

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Cuero Ltd

Notes to the Financial Statements (continued)

For the Period 1 August 2023 to 31 December 2024

5. Debtors

	31 December 2024	31 July 2023
	£	£
Due within one year
Prepayments and accrued income	128	52
Other debtors	1,317	68,963
Directors' loan accounts	-	15,343

	1,445	84,358

6. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 July 2023
	£	£
Bank loans and overdrafts	6,900	-
Other creditors	1,076	-
Accruals and deferred income	1,450	522

	9,426	522

7. Creditors: Amounts Falling Due After More Than One Year

	31 December 2024	31 July 2023
	£	£
Bank loans	554,732	291,746
Other creditors	199,282	161,963

	754,014	453,709

8. Secured Creditors

Of the creditors falling due within and after more than one year the following amount is secured by a fixed charge over the investment property. The £291,746 mortgage is interest only with a term of 20 years. There are two additional mortgages of £151,077 with a term of 25 years and £118,809 with a term of 20 years which are both on capital repayment terms.

	31 December 2024		31 July 2023
	£		£
Bank loans and overdrafts	561,632		291,746

9. Share Capital

	31 December 2024	31 July 2023
	£	£
Allotted, Called up and fully paid	100	100

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Cuero Ltd

Notes to the Financial Statements (continued)

For the Period 1 August 2023 to 31 December 2024

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 August 2023	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Jacob Okpere	15,343	-	15,343	-	-

The above loan was unsecured, interest free and repayable on demand.

11. Related Party Transactions

At 31st December 2024 Cuero Ltd owed £280,000 to JCL Data Labs Ltd, a company in which Mr J Okpere is a director and shareholder. £230,000 of the loan is interest free and is repayable in February 2033. The remaining £50,000 is interest free and is repayable in July 2034.

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