Company Registration No. 15257761 (England and Wales)
COSMIC BUILDS LTD
Unaudited accounts
for the year ended 30 November 2025
COSMIC BUILDS LTD
Unaudited accounts
Contents
COSMIC BUILDS LTD
Company Information
for the year ended 30 November 2025
Director
Russell SCHWARZE
Company Number
15257761 (England and Wales)
Registered Office
Unit 90 Formby Business Park
Stephenson Way
LIVERPOOL
L37 8EG
ENGLAND
COSMIC BUILDS LTD
Statement of financial position
as at 30 November 2025
Tangible assets
90,008
32,843
Investment property
2,647,520
2,647,520
Inventories
1,986,554
1,020,501
Cash at bank and in hand
1,004
49,300
Creditors: amounts falling due within one year
(620,760)
(1,179,480)
Net current assets
5,344,119
73,141
Total assets less current liabilities
8,081,647
2,753,504
Creditors: amounts falling due after more than one year
(10,647,984)
(2,746,964)
Provisions for liabilities
Net (liabilities)/assets
(2,581,464)
6,540
Called up share capital
1
1
Profit and loss account
(2,581,465)
6,539
Shareholders' funds
(2,581,464)
6,540
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 director acknowledges his 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 and authorised for issue on 22 July 2026 and were signed on its behalf by
Russell SCHWARZE
Director
Company Registration No. 15257761
COSMIC BUILDS LTD
Notes to the Accounts
for the year ended 30 November 2025
COSMIC BUILDS LTD is a private company, limited by shares, registered in England and Wales, registration number 15257761. The registered office is Unit 90 Formby Business Park, Stephenson Way, LIVERPOOL, L37 8EG, 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.
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:
Computer equipment
33% SLM
The financial statements have been prepared on a going concern basis. At 30 November 2025 the company had net liabilities of £2,581,464 and incurred a loss for the year of £2,588,004, reflecting costs incurred on developments in progress that have not yet reached the stage where the associated revenue is fully recognised.
The director has prepared these financial statements on the going concern basis on the grounds that the company expects to generate significant profits from the sale and completion of its property developments in the forthcoming year, and that the company continues to receive financial support from its development finance facilities and from related parties under common control.
Notwithstanding this, the net liabilities position at the balance sheet date, together with the scale of the loss for the year, represents a material uncertainty which may cast significant doubt on the company's ability to continue as a going concern. The financial statements do not include any adjustments that would result if the company were unable to continue as a going concern.
COSMIC BUILDS LTD
Notes to the Accounts
for the year ended 30 November 2025
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2024
33,542
-
33,542
Additions
68,694
1,599
70,293
At 30 November 2025
102,236
1,599
103,835
At 1 December 2024
699
-
699
Charge for the year
12,595
533
13,128
At 30 November 2025
13,294
533
13,827
At 30 November 2025
88,942
1,066
90,008
At 30 November 2024
32,843
-
32,843
Fair value at 1 December 2024
2,647,520
At 30 November 2025
2,647,520
Amounts falling due within one year
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
404,642
152,118
Taxes and social security
34,864
13,360
Loans from directors
181,254
125,340
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
10,647,984
2,746,964
COSMIC BUILDS LTD
Notes to the Accounts
for the year ended 30 November 2025
9
Deferred taxation
2025
2024
Accelerated capital allowances
15,127
-
Charged to the profit and loss account
15,127
-
Provision at end of year
15,127
-
An unrecognised deferred tax asset of £649,390 (2024: £nil) arises in respect of trading losses carried forward of £2,597,558. This asset has not been recognised in these financial statements as, notwithstanding the director's expectation of future profits described in the going concern note, there is not yet sufficient objective evidence (such as an approved profit forecast) to support recognition under FRS 102. The asset remains available to be recognised in a future period if and when suitable evidence of future taxable profits becomes available.
10
Transactions with related parties
During the year the company had transactions with, and balances due from, the following entities under the common control of Russell Schwarze, the company's director:
Related party
Balance due from company at 30 November 2025
Merebridge Construction Limited - £1,556,668
M1 Developments Limited - £173,441
Russ Homes Limited - £161,204
RST Homes Limited - £49,571
XYZ Homes Limited - £20,566
These balances arose from funds advanced by the company during the year and prior periods. The balances are unsecured, interest-free, and repayable on demand. No provision for doubtful debts has been made against these balances at the year end.
11
Average number of employees
During the year the average number of employees was 0 (2024: 0).