Company Registration No. 9375540 (England and Wales)
Cobalt Hospitality Limited
Unaudited accounts
for the year ended 31 March 2026
Cobalt Hospitality Limited
Company Information
for the year ended 31 March 2026
Directors
Mark Collett
Kathryn Hodgkinson
Company Number
9375540 (England and Wales)
Registered Office
10-16 BOYD STREET
BOYD STREET
NEWCASTLE-U-TYNE
TYNE AND WEAR
NE2 1AP
ENGLAND
Cobalt Hospitality Limited
Statement of financial position
as at 31 March 2026
Tangible assets
4,395
8,469
Cash at bank and in hand
198,560
110,634
Creditors: amounts falling due within one year
(160,610)
(152,567)
Net current assets
89,369
5,260
Total assets less current liabilities
93,989
14,224
Creditors: amounts falling due after more than one year
(18,611)
(24,167)
Provisions for liabilities
Net assets/(liabilities)
74,543
(11,552)
Profit and loss account
74,543
(11,552)
Members' funds
74,543
(11,552)
For the year ending 31 March 2026 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 2 June 2026 and were signed on its behalf by
Mark Collett
Director
Company Registration No. 9375540
Cobalt Hospitality Limited
Notes to the Accounts
for the year ended 31 March 2026
Cobalt Hospitality Limited is a private company, limited by guarantee, registered in England and Wales, registration number 9375540. The registered office is 10-16 BOYD STREET, BOYD STREET, NEWCASTLE-U-TYNE, TYNE AND WEAR, NE2 1AP, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Over 5 Years
Fixtures & fittings
Over 5 Years
Computer equipment
Over 3 Years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell.
Cobalt Hospitality Limited
Notes to the Accounts
for the year ended 31 March 2026
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2025
52,749
29,692
11,534
93,975
Disposals
(6,389)
(7,762)
(6,635)
(20,786)
At 31 March 2026
48,241
21,930
4,899
75,070
At 1 April 2025
46,684
27,288
11,534
85,506
Charge for the year
4,766
1,189
-
5,955
On disposals
(6,389)
(7,762)
(6,635)
(20,786)
At 31 March 2026
45,061
20,715
4,899
70,675
At 31 March 2026
3,180
1,215
-
4,395
At 31 March 2025
6,065
2,404
-
8,469
Amounts falling due within one year
Accrued income and prepayments
2,183
2,621
Cobalt Hospitality Limited
Notes to the Accounts
for the year ended 31 March 2026
7
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
5,000
5,000
Taxes and social security
30,164
11,690
Other creditors
48,404
44,663
8
Creditors: amounts falling due after more than one year
2026
2025
9
Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
10
Average number of employees
During the year the average number of employees was 25 (2025: 23).