Cousin Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

Page 1

Page 2

Cousin Limited

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 04393086

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	5		3,032		3,791
Tangible Assets	6		20,282		24,768

			23,314		28,559
CURRENT ASSETS
Debtors	7	737,605		946,287
Cash at bank and in hand		1,914,197		1,811,544

		2,651,802		2,757,831
Creditors: Amounts Falling Due Within One Year	8	(505,850 )		(875,315 )

NET CURRENT ASSETS (LIABILITIES)			2,145,952		1,882,516

TOTAL ASSETS LESS CURRENT LIABILITIES			2,169,266		1,911,075

NET ASSETS			2,169,266		1,911,075

CAPITAL AND RESERVES
Called up share capital	9		54		54
Capital redemption reserve			46		46
Profit and Loss Account			2,169,166		1,910,975

SHAREHOLDERS' FUNDS			2,169,266		1,911,075

Page 2

Page 3

Cousin Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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.

The financial statements were approved by the board of directors on 8 June 2026 and were signed on its behalf by:

Mr M P Booker

Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

Page 4

Cousin Limited

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Cousin Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04393086 .

The registered office is Floor 4 43 Tanner Street, London, SE1 3PL.

2. Statement of Compliance

The financial statements have been prepared 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.

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention except that as disclosed in the accounting policies, certain items are shown at fair value.

The financial statements are presented in Sterling (£) and figures are shown value added tax.

3.2. 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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3.3. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are stated in the balance sheet at cost, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Costs associated with website are recognised as intangible assets at acquisition costs less accumulated amortisation.

Amortisation at 20% (reducing balance) is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life.

Page 4

Page 5

Cousin Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3.4. 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:

Fixtures & Fittings	20% on reducing balance
Computer Equipment	20% on reducing balance

3.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

3.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3.8. Taxation

Tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

Page 5

Page 6

Cousin Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3.8. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3.10. Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

3.11. Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3.12. Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

4. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

Page 6

Page 7

Cousin Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Intangible Assets

	Software Development Costs
	£
Cost or Valuation
As at 1 January 2025	12,664

As at 31 December 2025	12,664

Amortisation
As at 1 January 2025	8,873
Provided during the period	759

As at 31 December 2025	9,632

Net Book Value
As at 31 December 2025	3,032

As at 1 January 2025	3,791

6. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost or Valuation
As at 1 January 2025	27,647	62,450	90,097
Additions	-	539	539

As at 31 December 2025	27,647	62,989	90,636

Depreciation
As at 1 January 2025	22,852	42,477	65,329
Provided during the period	959	4,066	5,025

As at 31 December 2025	23,811	46,543	70,354

Net Book Value
As at 31 December 2025	3,836	16,446	20,282

As at 1 January 2025	4,795	19,973	24,768

Page 7

Page 8

Cousin Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	702,585	858,467
Other debtors	35,020	87,820

	737,605	946,287

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	192,107	435,849
Other creditors	89,772	262,468
Taxation and social security	223,971	176,998

	505,850	875,315

9. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
54 Ordinary Shares of £ 1.00 each	54	54

10. Related Party Disclosures

The Aqifa Data Alliance Limited

A company in which Mr M P Booker is a director and shareholder.

At the balance sheet date, the company owed £4,316 (2024: £1,820) to The Aqifa Data Alliance Limited.

However, the company have provided the 100% provision against the balance due from The Aqifa Data Alliance Limited.

Transactions with the director

At the balance sheet date, the company owed £2,445 (2024: £2,274) to Mr M P Booker, a director and shareholder of the company.

Page 8

Directors	Mr M P Booker
	Mr P J Stephens

Company Number	04393086

Registered Office	Floor 4 43 Tanner Street
	London
	SE1 3PL

Accountants	Ripe LLP
	Chartered Accountants
	9a Burroughs Gardens
	London
	NW4 4AU