Cobol Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 02559319

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		66,116		88,157
Investment Properties	5		703,910		703,910

			770,026		792,067
CURRENT ASSETS
Stocks	6	200		200
Debtors	7	1,144,310		1,138,115
Cash at bank and in hand		155,657		144,918

		1,300,167		1,283,233
Creditors: Amounts Falling Due Within One Year	8	(150,771 )		(165,140 )

NET CURRENT ASSETS (LIABILITIES)			1,149,396		1,118,093

TOTAL ASSETS LESS CURRENT LIABILITIES			1,919,422		1,910,160

Creditors: Amounts Falling Due After More Than One Year	9		(44,496 )		(77,154 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(31,339 )		(35,374 )

NET ASSETS			1,843,587		1,797,632

CAPITAL AND RESERVES
Called up share capital	10		100		100
Fair value reserve	11		110,780		110,780
Profit and Loss Account			1,732,707		1,686,752

SHAREHOLDERS' FUNDS			1,843,587		1,797,632

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Cobol Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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 R Walker

Director

7th November 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Cobol Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02559319 . The registered office is 1 Princes Court, Royal Way, Loughborough, Leicestershire, LE11 5XR.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	No depreciation
Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance

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. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

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Cobol Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Taxation

Taxation expense represents the sum of the tax currently payable and deferred tax.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is considered a net liability may crystallise.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2024: 13)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 April 2024	3,364	5,379	141,663	60,105	210,511

As at 31 March 2025	3,364	5,379	141,663	60,105	210,511

Depreciation
As at 1 April 2024	3,363	5,354	56,727	56,910	122,354
Provided during the period	-	8	21,234	799	22,041

As at 31 March 2025	3,363	5,362	77,961	57,709	144,395

Net Book Value
As at 31 March 2025	1	17	63,702	2,396	66,116

As at 1 April 2024	1	25	84,936	3,195	88,157

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Cobol Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024 and 31 March 2025	703,910

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	734,681	734,681

6. Stocks

	2025	2024
	£	£
Stock	200	200

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	120,077	96,678
Prepayments and accrued income	9,047	8,336
Other debtors	-	19,254
Intercompany Loan - Cobol Property Investments Ltd	1,015,186	1,013,847

	1,144,310	1,138,115

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	26,914	26,409
Trade creditors	26,079	18,844
Bank loans and overdrafts	5,553	5,553
Corporation tax	62,576	82,100
Other taxes and social security	8,130	8,832
VAT	4,885	5,508
Accruals and deferred income	16,634	17,887
Directors' loan accounts	-	7

	150,771	165,140

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Cobol Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	20,419	47,522
Bank loans	24,077	29,632

	44,496	77,154

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Reserves

	Fair Value Reserve
	£
As at 1 April 2024	110,780

As at 31 March 2025	110,780

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