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REGISTERED NUMBER: 13287823 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

WRINGFORD COTTAGES LIMITED

WRINGFORD COTTAGES LIMITED (REGISTERED NUMBER: 13287823)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

WRINGFORD COTTAGES LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTORS: J K L White
Mrs C A White





SECRETARY:





REGISTERED OFFICE: Forgemill House
Church Lane
Fringford
Bicester
Oxfordshire
OX27 8DJ





REGISTERED NUMBER: 13287823 (England and Wales)





ACCOUNTANTS: Stephen Farra Associates Limited
98 Hornchurch Road
Hornchurch
Essex
RM11 1JS

WRINGFORD COTTAGES LIMITED (REGISTERED NUMBER: 13287823)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 51,000 68,000
Tangible assets 5 1,471,592 1,241,781
1,522,592 1,309,781

CURRENT ASSETS
Debtors 6 17,041 31,701
Cash at bank 14,485 18,836
31,526 50,537
CREDITORS
Amounts falling due within one year 7 389,695 109,014
NET CURRENT LIABILITIES (358,169 ) (58,477 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,164,423

1,251,304

CREDITORS
Amounts falling due after more than one year 8 1,311,594 1,311,594
NET LIABILITIES (147,171 ) (60,290 )

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 85,286 -
Retained earnings (232,459 ) (60,292 )
(147,171 ) (60,290 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

WRINGFORD COTTAGES LIMITED (REGISTERED NUMBER: 13287823)

BALANCE SHEET - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:




J K L White - Director



Mrs C A White - Director


WRINGFORD COTTAGES LIMITED (REGISTERED NUMBER: 13287823)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Wringford Cottages Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

WRINGFORD COTTAGES LIMITED (REGISTERED NUMBER: 13287823)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 85,000
AMORTISATION
At 1 April 2022 17,000
Charge for year 17,000
At 31 March 2023 34,000
NET BOOK VALUE
At 31 March 2023 51,000
At 31 March 2022 68,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 1,100,455 188,301 1,288,756
Additions - 208,389 208,389
Revaluations 85,286 - 85,286
At 31 March 2023 1,185,741 396,690 1,582,431
DEPRECIATION
At 1 April 2022 - 46,975 46,975
Charge for year - 63,864 63,864
At 31 March 2023 - 110,839 110,839
NET BOOK VALUE
At 31 March 2023 1,185,741 285,851 1,471,592
At 31 March 2022 1,100,455 141,326 1,241,781

WRINGFORD COTTAGES LIMITED (REGISTERED NUMBER: 13287823)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2022 1,100,455 188,301 1,288,756
Valuation in 2023 85,286 208,389 293,675
1,185,741 396,690 1,582,431

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 17,041 31,701

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,041 7,514
Other creditors 386,654 101,500
389,695 109,014

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 1,311,594 1,311,594

9. RESERVES
Revaluation
reserve
£   
FRS Revaluation 85,286

At 31 March 2023 85,286

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors agree to support the company during the period of insolvency.

WRINGFORD COTTAGES LIMITED (REGISTERED NUMBER: 13287823)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

11. ULTIMATE CONTROLLING PARTY

The controlling party is jointly held by the Directors.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WRINGFORD COTTAGES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wringford Cottages Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Wringford Cottages Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wringford Cottages Limited and state those matters that we have agreed to state to the Board of Directors of Wringford Cottages Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wringford Cottages Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Wringford Cottages Limited. You consider that Wringford Cottages Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wringford Cottages Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stephen Farra Associates Limited
98 Hornchurch Road
Hornchurch
Essex
RM11 1JS


31 October 2023