Cobalt Enterprises (UK) Ltd

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

Registered number: 09809671

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		4,200		6,300
Tangible Assets	5		2,460,330		2,499,450

			2,464,530		2,505,750
CURRENT ASSETS
Debtors	6	6,508		3,475
Cash at bank and in hand		38,860		36,604

		45,368		40,079
Creditors: Amounts Falling Due Within One Year	7	(1,782,297 )		(1,900,766 )

NET CURRENT ASSETS (LIABILITIES)			(1,736,929 )		(1,860,687 )

TOTAL ASSETS LESS CURRENT LIABILITIES			727,601		645,063

Creditors: Amounts Falling Due After More Than One Year	8		(1,200,614 )		(1,087,932 )

NET LIABILITIES			(473,013 )		(442,869 )

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			(473,015 )		(442,871 )

SHAREHOLDERS' FUNDS			(473,013)		(442,869)

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Cobalt Enterprises (UK) Ltd

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 James Slatter

Director

28/11/2025

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

1. General Information

Cobalt Enterprises (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09809671 . The registered office is The Embassy, 389 Newport Road, Cardiff, CF24 1TP.

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

After reviewing the company's latest business plan and financial projections, the Directors are confident that the company continues to have adequate resources to operate until such a time when it is able to generate a profit. Therefore the company continues to adopt the going concern basis when preparing its financial statements.

2.3. 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.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets relate to the company's website. It is amortised to profit and loss account over its estimated economic life of 5 years.

2.5. 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	50 years
Plant & Machinery	15% reducing balance
Motor Vehicles	15% reducing balance
Fixtures & Fittings	15% reducing balance
Computer Equipment	15% reducing balance

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2024	10,500

As at 31 March 2025	10,500

Amortisation
As at 1 April 2024	4,200
Provided during the period	2,100

As at 31 March 2025	6,300

Net Book Value
As at 31 March 2025	4,200

As at 1 April 2024	6,300

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Cobalt Enterprises (UK) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	2,490,264	21,977	116,180	16,825	2,645,246
Additions	-	2,268	27,865	2,005	32,138
Disposals	-	-	(1,924 )	-	(1,924 )

As at 31 March 2025	2,490,264	24,245	142,121	18,830	2,675,460

Depreciation
As at 1 April 2024	95,002	7,849	36,792	6,153	145,796
Provided during the period	49,805	2,459	15,910	1,902	70,076
Disposals	-	-	(742 )	-	(742 )

As at 31 March 2025	144,807	10,308	51,960	8,055	215,130

Net Book Value
As at 31 March 2025	2,345,457	13,937	90,161	10,775	2,460,330

As at 1 April 2024	2,395,262	14,128	79,388	10,672	2,499,450

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,748	210
Other debtors	3,760	3,265

	6,508	3,475

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	4,001	2,732
Amounts owed to participating interests	1,759,527	1,873,602
Other creditors	10,155	1,380
Taxation and social security	8,614	23,052

	1,782,297	1,900,766

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

	2025	2024
	£	£
Other creditors	1,200,614	1,087,932

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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Cobalt Enterprises (UK) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Related Party Transactions

The company owed £1,430,810 at the year-end (2024 - £1,544,885) to a related party - JK Enterprises (UK) Ltd.

This amount is shown above within Creditors: amounts falling due within one year.

The loan is on an informal basis with no repayment terms, does not bare interest and is repayable on demand.

The company owed £328,717 at the year-end (2024 - £328,717) to a related party - NGU Investments Ltd.

This amount is shown above within Creditors: amounts falling due within one year.

The loan is on an informal basis with no repayment terms, does not bare interest and is repayable on demand.

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