Cooper Developments (Finchley Road) Limited - Period Ending 2020-03-31

Cooper Developments (Finchley Road) Limited

Profit and Loss Account for the Year Ended 31 March 2020

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

Cooper Developments (Finchley Road) Limited

(Registration number: 9401622)
Balance Sheet as at 31 March 2020

	Note	2020 £	2019 £
Fixed assets
Investments	3	50	50
Current assets
Debtors	4	50	50
Net assets		100	100
Capital and reserves
Called up share capital	5	100	100
Shareholders' funds		100	100

For the financial year ending 31 March 2020 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 31 March 2021
 

.........................................

Mr Marcus Cooper
Director

Cooper Developments (Finchley Road) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
16 Finchley Road
St Johns Wood
London
NW8 6EB
England

These financial statements were authorised for issue by the director on 31 March 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

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

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Cooper Developments (Finchley Road) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

3	Investments

	2020 £	2019 £
Investments in subsidiaries	50	50

Subsidiaries	£
Cost or valuation
At 1 April 2019	50
Provision
Carrying amount
At 31 March 2020	50
At 31 March 2019	50

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2020	2019
Subsidiary undertakings
12-22 Finchley Road Developments Limited	16 Finchley Road London NW8 6EB England and Wales	Ordinary	50%	50%

Subsidiary undertakings

12-22 Finchley Road Developments Limited The principal activity of 12-22 Finchley Road Developments Limited is Real Estate Development.

4

Debtors

	2020 £	2019 £
Other debtors	50	50
	50	50

Cooper Developments (Finchley Road) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

5	Share capital

Allotted, called up and fully paid shares

	2020		2019
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100