REGISTERED NUMBER: 03413834 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

COSSACK ASSET MANAGEMENT LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

R M Kingston

REGISTERED OFFICE:

70 Woodland Rise

Muswell Hill

London

N10 3UJ

REGISTERED NUMBER:

03413834 (England and Wales)

FIXED ASSETS

Tangible assets

4

-

58,892

Investments

5

-

35,000

Investment property

6

450,000

479,600

450,000

573,492

CURRENT ASSETS

Debtors

7

182,286

227,286

Cash in hand

748

748

183,034

228,034

CREDITORS

Amounts falling due within one year

8

126,725

139,039

NET CURRENT ASSETS

56,309

88,995

TOTAL ASSETS LESS CURRENT LIABILITIES

506,309

662,487

CREDITORS

Amounts falling due after more than one year

9

273,309

287,309

NET ASSETS

233,000

375,178

CAPITAL AND RESERVES

Called up share capital

100

100

Undistributable reserve

11

(29,600

)

-

Retained earnings

11

262,500

375,078

SHAREHOLDERS' FUNDS

233,000

375,178

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

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

The director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 August 2026 and were signed by:

R M Kingston - Director

1.	STATUTORY INFORMATION

Cossack Asset Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investment property

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Cash and cash equivalents

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

and 31 August 2025

159,252

DEPRECIATION

At 1 September 2024

100,360

Charge for year

58,892

At 31 August 2025

159,252

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

58,892

Director's of the company decided to fully write off net book value of tangible fixed assets. This is a departure from the prescribed policy due to unforeseen events that are beyond management's control.

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.8.25

31.8.24

£

£

Fixed asset investments

-

35,000

Investment in Pro-Tec Baits Ltd fully written off as the investment project is no longer viable due to unforeseen events that are beyond management's control.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

479,600

Revaluations

(29,600

)

At 31 August 2025

450,000

NET BOOK VALUE

At 31 August 2025

450,000

At 31 August 2024

479,600

Fair value at 31 August 2025 is represented by:

£

Valuation in 2016

95,000

Valuation in 2017

60,000

Valuation in 2024

(155,000

)

Valuation in 2025

(29,600

)

Cost

479,600

450,000

The investment property has been shown at fair value basis by the director.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Other debtors

182,286

227,286

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

62,701

69,390

Trade creditors

-

1

Taxation and social security

53,213

50,733

Other creditors

10,811

18,915

126,725

139,039

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

273,309

287,309

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

273,309

287,309

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Bank loan

311,591

340,159

Bank loans are secured against company's assets by way of fixed charge.

11.

RESERVES

Retained

Undistributable

earnings

reserve

Totals

£

£

£

At 1 September 2024

375,078

-

375,078

Deficit for the year

(142,178

)

(142,178

)

Movements during the period

29,600

(29,600

)

-

At 31 August 2025

262,500

(29,600

)

232,900

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

31.8.25

31.8.24

£

£

R M Kingston

Balance outstanding at start of year

(18,915

)

(269

)

Amounts advanced

8,105

60,769

Amounts repaid

-

(79,415

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(10,810

)

(18,915

)