Registered number
10215893
Cobblestone Yard Limited
Filleted Accounts
30 June 2023
Cobblestone Yard Limited
Registered number: 10215893
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,950,000 2,000,642
1,950,000 2,000,642
Current assets
Debtors 4 3,234 648
Cash at bank and in hand 82,388 152,443
85,622 153,091
Creditors: amounts falling due within one year 5 (1,068,686) (1,213,255)
Net current liabilities (983,064) (1,060,164)
Total assets less current liabilities 966,936 940,478
Provisions for liabilities (116,533) (98,187)
Net assets 850,403 842,291
Capital and reserves
Called up share capital 100 100
Profit and loss account 850,303 842,191
Shareholders' funds 850,403 842,291
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A Beeson
Director
Approved by the board on 1 November 2023
Cobblestone Yard Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 33% on cost
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Interest income
Interest income is recognised in the profit and loss using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Freehold property Computer equipment Total
£ £ £
Cost
At 1 July 2022 2,000,000 1,890 2,001,890
Surplus on revaluation (50,000) - (50,000)
At 30 June 2023 1,950,000 1,890 1,951,890
Depreciation
At 1 July 2022 - 1,248 1,248
Charge for the year - 642 642
At 30 June 2023 - 1,890 1,890
Net book value
At 30 June 2023 1,950,000 - 1,950,000
At 30 June 2022 2,000,000 642 2,000,642
4 Debtors 2023 2022
£ £
Trade debtors 2,680 190
Other debtors 554 458
3,234 648
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 699 (809)
Amounts owed to group undertakings 1,039,214 1,189,214
Corporation tax 19,928 16,482
Other creditors 8,845 8,368
1,068,686 1,213,255
6 Other information
Cobblestone Yard Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Cobblestone Yard
Bath Row
Stamford
PE9 2RD
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