CoopSyx Limited - Period Ending 2020-10-31

CoopSyx Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

CoopSyx Limited

(Registration number: 11347613)
Balance Sheet as at 31 October 2020

	Note	2020 £	2019 £
Fixed assets
Investments	4	266,000	266,000
Current assets
Debtors	5	250,001	1
Net assets		516,001	266,001
Capital and reserves
Called up share capital		1,001	1,001
Share premium reserve		265,000	265,000
Profit and loss account		250,000	-
Shareholders' funds		516,001	266,001

For the financial year ending 31 October 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 18 August 2021
 

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

P Anthony
Director

CoopSyx Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

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.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

CoopSyx Limited

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

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2019 - 1).

4	Investments

	2020 £	2019 £
Investments in subsidiaries	266,000	266,000

Subsidiaries	£
Cost or valuation
At 1 November 2019	266,000
Provision
Carrying amount
At 31 October 2020	266,000
At 31 October 2019	266,000

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
Dorydale Limited	2 Old Bath Road Newbury Berkshire RG14 1QL	Ordinary	100%	100%

Subsidiary undertakings

Dorydale Limited The principal activity of Dorydale Limited is the supply of IT services and equipment.

CoopSyx Limited

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

5

Debtors

	Note	2020 £	2019 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest	6	250,000	-
Other debtors		1	1
		250,001	1

CoopSyx Limited

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

6	Related party transactions

Summary of transactions with entities with joint control or significant interest

Income and receivables from related parties

2020	Entities with joint control or significant influence £
Amounts receivable from related party	250,000

7	Parent and ultimate parent undertaking

The ultimate controlling party is the director who owns 100% of the called up share capital.