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Company Registration No. 12335429 (England and Wales)
COVWICH LIMITED Unaudited accounts for the year ended 30 November 2025
COVWICH LIMITED Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
COVWICH LIMITED Company Information for the year ended 30 November 2025
Directors
S J K Nagra R D S Nagra
Company Number
12335429 (England and Wales)
Registered Office
7 High Street Chapel-en-le-Frith High Peak SK23 0HD United Kingdom
Accountants
Stoney Philbin & Company Limited 7 High Street Chapel-en-le-Frith High Peak SK23 0HD
- 3 -
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of COVWICH LIMITED for the year ended 30 November 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of COVWICH LIMITED for the year ended 30 November 2025 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Stoney Philbin & Company Limited Chartered Certified Accountants 7 High Street Chapel-en-le-Frith High Peak SK23 0HD 23 April 2026
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COVWICH LIMITED Statement of financial position as at 30 November 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
5
1,466,268
1,466,268
Current assets
Cash at bank and in hand
29,822
117,967
Creditors: amounts falling due within one year
6
(682,293)
(644,668)
Net current liabilities
(652,471)
(526,701)
Total assets less current liabilities
813,797
939,567
Creditors: amounts falling due after more than one year
7
(773,961)
(897,480)
Net assets
39,836
42,087
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
39,736
41,987
Shareholders' funds
39,836
42,087
For the year ending 30 November 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2026 and were signed on its behalf by
R D S Nagra Director Company Registration No. 12335429
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COVWICH LIMITED Notes to the Accounts for the year ended 30 November 2025
1
Statutory information
COVWICH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12335429. The registered office is 7 High Street, Chapel-en-le-Frith, High Peak, SK23 0HD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Going concern
The accounts are prepared on a going concern basis. Although technically insolvent, the company is supported financially by its directors and expects results to improve due to initial costs not recurring in the next reporting period.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
2025
2024
£
£
Carrying amount of land and buildings on cost basis
-
1,466,268
5
Investment property
2025
£
Fair value at 1 December 2024
1,466,268
At 30 November 2025
1,466,268
- 6 -
COVWICH LIMITED Notes to the Accounts for the year ended 30 November 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
86,436
92,837
Taxes and social security
-
4,055
Loans from directors
595,857
547,776
682,293
644,668
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
773,961
897,480
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
S J K Nagra
Directors loan
(273,888)
(24,040)
-
(297,928)
R D S Nagra
Directors loan
(273,888)
(24,041)
-
(297,929)
(547,776)
(48,081)
-
(595,857)
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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