REGISTERED NUMBER: 14646032 (England and Wales)

Cownet Limited

Unaudited Financial Statements

for the Year Ended 31 December 2025

Page

Chartered Accountants' Report

1

Balance Sheet

2

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement is not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cownet Limited for the year ended 31 December 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cownet Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cownet Limited and state those matters that we have agreed to state to the Board of Directors of Cownet Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cownet Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cownet Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Cownet Limited. You consider that Cownet Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cownet Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Hutchinson Partnership Limited

trading as The Hutchinson Partnership

Chartered Accountants

The Bull Pen

Grove Farm

Portway, Burghill

Hereford

HR4 8NF

21 May 2026

FIXED ASSETS

507

676

CURRENT ASSETS

8,897

3,528

CREDITORS

Amounts falling due within one year

(20,630

)

(11,000

)

NET CURRENT LIABILITIES

(11,733

)

(7,472

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,226

)

(6,796

)

CAPITAL AND RESERVES

(11,226

)

(6,796

)

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Cownet Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

14646032

Registered office:

2 Parsonage Farm Barns

High Easter

Chelmsford

Essex

CM1 4QZ

2.	GOING CONCERN

The directors are aware that the company has net liabilities. This is due to it being in the early years of trading in the company. The directors are confident that the company will trade profitably in the future. The company is developing a new product which the shareholders are funding. The shareholders have confirmed that they will not withdraw their loan accounts to the detriment of the creditors.

The directors have considered the financial requirements of the company and consider that it will be able to operate within its agreed financial facilities for the next 12 months. The directors therefore consider it appropriate to prepare accounts on the going concern basis.

3.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 1 (2024 - NIL ) .

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2026 and were signed on its behalf by:

JR Scoones - Director