Cosmos Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC309746 (Scotland)

Financial Statements

For The Year Ended 31 March 2021

for

Cosmos Properties Limited

Page

Balance Sheet

1

FIXED ASSETS

1,126,256

1,126,256

CURRENT ASSETS

52,206

90,565

CREDITORS

Amounts falling due within one year

(26,301

)

(428,385

)

NET CURRENT ASSETS/(LIABILITIES)

25,905

(337,820

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,152,161

788,436

CAPITAL AND RESERVES

1,152,161

788,436

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Cosmos Properties Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number:

SC309746

Registered office:

580 Lawmoor Street

Glasgow

Strathclyde

G5 0TX

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 1 (2020 - 1 ) .

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Cosmos Decorators Limited and Cosmos Properties Limited have certain common shareholders/directors. Property owned by Cosmos Properties was rented to Cosmos Decorators Limited for an annual rental of £32,000 (2020 - £32,000) which is included within rental income for the year.

During the year a loan outstanding due to Cosmos Decorators Limited was written off in the profit and loss account which amounted to £494,000 (2020 - nil). Included within creditors due within one year is an amount of £nil (2020 - £372,000) due to Cosmos Decorators Limited.

Included within creditors due within one year is an amount due of nil (2020 - £50,000) to Mr M Kitson, director.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 5 October 2021 and were signed by:

Mr M J H Kitson - Director