The Lionel Cooke Memorial Fund Limited

Registered number

00560074

Unaudited Filleted Accounts

31 January 2026

The Lionel Cooke Memorial Fund Limited
Registered number:		00560074
Balance Sheet
as at 31 January 2026
						as restated
Notes			2026			2025
£				£
Fixed assets
Investments	3		1,412,620			1,252,305

Current assets
Cash at bank and in hand		121,700			158,554

Creditors: amounts falling due within one year	5	(1,645)			(39,065)

Net current assets			120,056			119,489

Total assets less current liabilities			1,532,676			1,371,794


Provisions for liabilities			(312,329)			(259,954)


Net assets			1,220,347			1,111,840

Capital and reserves
General reserve			76,114			76,114
Retained earnings			1,144,233			984,487
Prior year adjustment	6		-			51,239

Shareholder's funds			1,220,347			1,111,840

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Lord Iain McNicol
Director
Approved by the board on 23 October 2026

The Lionel Cooke Memorial Fund Limited
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention modified to include investments at fair value and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going concern
	These financial accounts are prepared on the going concern basis.

	Turnover
	Turnover represents dividends and interest received during the year on investments held by the company.

	Dividends and interest
	Dividends are credited to the profit and loss account when received. Interest, gross, is credited to the profit and loss account when received.

	Investments
	Investments are measured using the fair value model and stated at fair value at the end of the reporting period. The surplus or deficit on revaluation is recognised in the profit and loss account. Profit and losses on the disposal of investments are transferred to the General Reserve after provision for taxation thereon.

	Cash and cash equivalents
	Cash and cash equivalents include cash in hand and deposits held at call with banks.

	Financial Instruments
	The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all its financial instruments. Financial instruments are recognised in the Company's statement of financial position when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts being presented in the financial statements, when there is a legally enforceable right to net off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
	Basic financial assets
	Basic financial assets, including debtors and cash balances are initially recognised at their transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

	Classification of financial liabilities
	Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences as a residual interest in the assets of the company after deducting all of its liabilities.

1	Accounting policies (continued)

	Basic financial liabilities
	Basic financial liabilities, including trade and other creditors are initially recognised at transaction price unless the arangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
	Taxation
	The tax expense represents the sum of the tax currently payable and deferred tax.

	Current tax
	The current tax payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liabiltity for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting date.

	Deferred tax
	Deferred tax liabilities are generally recognised for all timing differences and a deferred tax asset is recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity.
2	Employees	2026		2025
Number			Number

	Average number of persons	5		9

	These are unpaid members of the board.

3	Investments

Other
investments
£
	Fair value
	At 1 February 2025			1,252,305
	Additions			-
	Net gain/(loss) on fair value adjustments			160,315
	Disposals			-

	At 31 January 2026			1,412,620

	Historical cost
	At 1 February 2025			118,513
	At 31 January 2026			118,513

	The listed investments are dealt with on the London and New York Stock Exchanges


4	Investments held as current assets	2026		2025
£			£
	Fair value


	Increase/(decrease) in fair value included in the profit and loss account for the financial year
	Listed investments	160,315		117,454



5	Creditors: amounts falling due within one year	2026		2025
£			£

	Trade creditors	-		1,784
	Other creditors	1,645		37,281
		1,645		39,065


6	Prior year adjustment

	During the current financial year, a material error was identified in respect of Investments in the financial year 31 January 2025. This lead to an understatement of Investments and subsequent understatement of the gain on revaluation within the profit and loss. This error has been corrected by retrospectively restating the comparative figures for the year ended 31 January 2025.

7	Other information

	The Lionel Cooke Memorial Fund Limited is a private company limited by guarantee without share capital where the maximum liability of the members is £1. It is incorporated in England and Wales. The registered office is:
	Labour Central
	Kings Manor
	Newcastle upon Tyne
	NE1 6PA