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Company Registration No. 08858124 (England and Wales)
GREAT OAKS COTTAGE LTD Unaudited accounts for the year ended 31 January 2023
GREAT OAKS COTTAGE LTD Unaudited accounts Contents
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GREAT OAKS COTTAGE LTD Company Information for the year ended 31 January 2023
Director
Terry Daniel
Company Number
08858124 (England and Wales)
Registered Office
16 NORTH COMMON ROAD UXBRIDGE UB8 1PD ENGLAND
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GREAT OAKS COTTAGE LTD Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
1,267,911 
1,319,525 
Current assets
Inventories
- 
15,597 
Debtors
151,976 
78,379 
Cash at bank and in hand
57 
308 
152,033 
94,284 
Creditors: amounts falling due within one year
(1,452,371)
(1,704,304)
Net current liabilities
(1,300,338)
(1,610,020)
Net liabilities
(32,427)
(290,495)
Capital and reserves
Called up share capital
100 
100 
Fair value reserve
136,804 
- 
Profit and loss account
(169,331)
(290,595)
Shareholders' funds
(32,427)
(290,495)
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 October 2023 and were signed on its behalf by
Terry Daniel Director Company Registration No. 08858124
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GREAT OAKS COTTAGE LTD Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
GREAT OAKS COTTAGE LTD is a private company, limited by shares, registered in England and Wales, registration number 08858124. The registered office is 16 NORTH COMMON ROAD, UXBRIDGE, UB8 1PD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2023 
£ 
Fair value at 1 February 2022
1,319,525 
Additions
3,400 
Disposals
(191,818)
Net gain from fair value adjustments
136,804 
At 31 January 2023
1,267,911 
In the opinion of the Directors', the valuation of the company's investment properties are not materially different from the amount stated in the financial statements.
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
8,379 
Other debtors
151,976 
70,000 
151,976 
78,379 
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GREAT OAKS COTTAGE LTD Notes to the Accounts for the year ended 31 January 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
163 
Taxes and social security
20,610 
- 
Other creditors
1,430,361 
1,702,240 
Accruals
1,400 
1,901 
1,452,371 
1,704,304 
7
Transactions with related parties
Included in debtors is an amount of £81,976 (2022: £nil) owed by companies in which the director has an interest. Included in creditors is an amount of £314,918 (2022: £723,005) owed to companies in which the director has an interest.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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