COSMOPOLITAN PROPERTIES NORTH LTD


Directors	PURDON, Christine Mabel
	PURDON, Jonathan James
	PURDON, Lucy Joanna


Registered Address	C/O Armstrong Watson 1st Floor
	One Strawberry Lane
	Newcastle Upon Tyne
	NE1 4BX


Registered Number	01139283 (England and Wales)

Statement of Financial Position
30 September 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,208		1,421
Investment property	4		1,089,156		1,089,156
			1,090,364		1,090,577
Current assets
Debtors	5	2,417		13,817
Cash at bank and on hand		162,119		99,819
		164,536		113,636
Creditors amounts falling due within one year	6	(28,309)		(26,016)
Net current assets (liabilities)			136,227		87,620
Total assets less current liabilities			1,226,591		1,178,197
Provisions for liabilities	7		(116,906)		(116,959)
Net assets			1,109,685		1,061,238
Capital and reserves
Called up share capital			14,000		14,000
Profit and loss account			1,095,685		1,047,238
Shareholders' funds	9		1,109,685		1,061,238

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 15 December 2025, and are signed on its behalf by:

PURDON, Christine Mabel
Director
Registered Company No. 01139283

COSMOPOLITAN PROPERTIES NORTH LTD

Notes to the Financial Statements
for the year ended 30 September 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable and represents rents receivable for the period.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Fixtures and fittings	15

	Investment property
	Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Fixtures & fittings	Total
	£	£
Cost or valuation
At 01 October 24	12,190	12,190
At 30 September 25	12,190	12,190
Depreciation and impairment
At 01 October 24	10,769	10,769
Charge for year	213	213
At 30 September 25	10,982	10,982
Net book value
At 30 September 25	1,208	1,208
At 30 September 24	1,421	1,421

4.	Investment property
	The freehold investment properties were revalued by the directors at 30 September 2025, at market value for existing use. The directors consider this value to be a fair representation of fair value at the year end. On a historical cost basis these would have been included at an original cost of £438,063 (2024: £438,063).


		£
	Fair value at 01 October 24	1,089,156
	At 30 September 25	1,089,156

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	1,032	12,032
Prepayments and accrued income	1,385	1,785
Total	2,417	13,817

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	12,730	11,834
Other creditors	1,069	457
Accrued liabilities and deferred income	14,510	13,725
Total	28,309	26,016


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	116,906	116,959
Total	116,906	116,959

8.	Directors advances, credits and guarantees
	On 1 October 2024 the company owed the directors £457. During the period the directors were advanced a further £858 and repaid £504. As at 30 September 2025 the company owed the directors £811.

9.	Fair value reserve
	Included within the profit and loss account is a non-distributable fair value reserve. This reserve records the cumulative fair value movements on investment properties valued above original cost and amounts to £536,367 (2024: £536,367).

10.	Related party transactions
	During the year the directors had a loan account with the company. At the balance sheet date, the company owed the directors £811 (2024: company owed the directors £457).