Coop5 Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 11893538

Coop5 Limited

Filleted Unaudited Financial Statements

31 March 2021

Coop5 Limited

Statement of Financial Position

31 March 2021

	2021	2020
Note	£	£

Fixed assets

Investments	4	1,220,605	1,250,000

Current assets

Debtors	5	6,540	7,581
Cash at bank and in hand		822	1,550
		-------	-------
		7,362	9,131

Creditors: amounts falling due within one year	6	1,103,989	1,214,807
		------------	------------
Net current liabilities		1,096,627	1,205,676
		------------	------------
Total assets less current liabilities		123,978	44,324

Creditors: amounts falling due after more than one year	7	18,750	–
		---------	--------
Net assets		105,228	44,324
		---------	--------

Capital and reserves

Called up share capital	500	500
Profit and loss account	104,728	43,824
	---------	--------
Shareholders funds	105,228	44,324
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Coop5 Limited

Statement of Financial Position (continued)

31 March 2021

These financial statements were approved by the board of directors and authorised for issue on 20 January 2022 , and are signed on behalf of the board by:

Mr P S Cooper

Director

Company registration number: 11893538

Coop5 Limited

Notes to the Financial Statements

Year ended 31 March 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Greengate, Cardale Park, Harrogate, HG3 1GY, North Yorkshire.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Investments

	Other investments other than loans	Other loans	Total
	£	£	£
Cost
At 1 April 2020	–	1,250,000	1,250,000
Additions	120,605	–	120,605
Disposals	–	( 150,000)	(150,000)
	---------	------------	------------
At 31 March 2021	120,605	1,100,000	1,220,605
	---------	------------	------------
Impairment
At 1 April 2020 and 31 March 2021	–	–	–
	---------	------------	------------

Carrying amount
At 31 March 2021	120,605	1,100,000	1,220,605
	---------	------------	------------
At 31 March 2020	–	1,250,000	1,250,000
	---------	------------	------------

5. Debtors

	2021	2020
	£	£
Other debtors	6,540	7,581
	-------	-------

6. Creditors: amounts falling due within one year

	2021	2020
	£	£
Trade creditors	1,350	115
Corporation tax	28,536	14,250
Other creditors	1,074,103	1,200,442
	------------	------------
	1,103,989	1,214,807
	------------	------------

7. Creditors: amounts falling due after more than one year

	2021	2020
	£	£
Bank loans and overdrafts	18,750	–
	--------	----

8. Related party transactions

The company was under the control of the Mr P Cooper and Mrs J Cooper throughout the current and previous year. No transactions with related parties were undertaken such as are required to be disclosed under the Financial Reporting Standard 102.