Cottonstone Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11606945 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2022

for

Cottonstone Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Baldwin

REGISTERED OFFICE:

2 Heap Bridge

Bury

Lancashire

BL9 7HR

REGISTERED NUMBER:

11606945 (England and Wales)

ACCOUNTANTS:

Thompson Jones Business Solutions Limited

2 Heap Bridge

Bury

Lancashire

BL9 7HR

FIXED ASSETS

Tangible assets

5

606

599

CURRENT ASSETS

Stocks

145,704

27,136

Debtors

6

44,367

14,507

Cash at bank and in hand

13,571

1,351

203,642

42,994

CREDITORS

Amounts falling due within one year

7

(62,753

)

(20,979

)

NET CURRENT ASSETS

140,889

22,015

TOTAL ASSETS LESS CURRENT LIABILITIES

141,495

22,614

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

141,494

22,613

SHAREHOLDERS' FUNDS

141,495

22,614

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 May 2022 and were signed by:

A Baldwin - Director

1.	STATUTORY INFORMATION

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

The address of its registered office is:

2 Heap bridge.

Bury,

Lancashire,

BL9 7HR

The principal place of business is:

4 Cromwell Place,

South Kensington,

London

SW7 5JN

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

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.

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.

Computer equipment

-

25% on cost

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 March 2021

799

Additions

275

At 28 February 2022

1,074

DEPRECIATION

At 1 March 2021

200

Charge for year

268

At 28 February 2022

468

NET BOOK VALUE

At 28 February 2022

606

At 28 February 2021

599

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

40,894

14,507

Other debtors

3,473

-

44,367

14,507

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

333

1,105

Taxation and social security

28,469

5,244

Amounts due to related parties

32,421

13,730

Accruals and deferred income

1,530

900

62,753

20,979

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

1

Ordinary share capital

£1

1

1