IRIS Accounts Production v23.3.1.45 NI029459 Board of Directors Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false Fair value model Ordinary shares 1.00000 267675 11500 9000 316544 50000 37369 226675 267675 Ordinary shares 1.00000 267675 11500 9000 316544 50000 37369 226675 267675 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI0294592022-05-31NI0294592023-05-31NI0294592022-06-012023-05-31NI0294592021-05-31NI0294592021-06-012022-05-31NI0294592022-05-31NI029459ns10:Originalns15:NorthernIreland2022-06-012023-05-31NI029459ns14:PoundSterlingns10:Original2022-06-012023-05-31NI029459ns10:Originalns10:Director12022-06-012023-05-31NI029459ns10:Original2022-06-012023-05-31NI029459ns10:Originalns10:Director22022-06-012023-05-31NI029459ns10:Original2023-05-31NI029459ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-31NI029459ns10:Originalns10:SmallEntities2022-06-012023-05-31NI029459ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-31NI029459ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-31NI029459ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-31NI029459ns10:Originalns10:FullAccounts2022-06-012023-05-31NI029459ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-31NI029459ns10:Original42ns10:Director22022-05-31NI029459ns10:Original42ns10:Director22021-05-31NI029459ns10:Original42ns10:Director22022-06-012023-05-31NI029459ns10:Original42ns10:Director22021-06-012022-05-31NI029459ns10:Original42ns10:Director22023-05-31NI029459ns10:Original42ns10:Director22022-05-31NI029459ns10:Originalns10:RegisteredOffice2022-06-012023-05-31NI029459ns10:Original2022-05-31NI029459ns10:Originalns5:CurrentFinancialInstruments2023-05-31NI029459ns10:Originalns5:CurrentFinancialInstruments2022-05-31NI029459ns5:ShareCapitalns10:Original2023-05-31NI029459ns5:ShareCapitalns10:Original2022-05-31NI029459ns10:Originalns5:CapitalRedemptionReserve2023-05-31NI029459ns10:Originalns5:CapitalRedemptionReserve2022-05-31NI029459ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-31NI029459ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-31NI029459ns10:Original2021-06-012022-05-31NI029459ns10:Original2022-05-31NI029459ns10:Originalns5:CurrentFinancialInstruments2022-06-012023-05-31NI029459ns10:Originalns10:OrdinaryShareClass12023-05-31NI029459ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-31NI029459ns10:Originalns5:CapitalRedemptionReserve2022-05-31NI029459ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-012023-05-31NI029459ns10:Original1ns10:Director12022-05-31NI029459ns10:Original1ns10:Director12021-05-31NI029459ns10:Original1ns10:Director12022-06-012023-05-31NI029459ns10:Original1ns10:Director12021-06-012022-05-31NI029459ns10:Original1ns10:Director12023-05-31NI029459ns10:Original1ns10:Director12022-05-31
REGISTERED NUMBER: NI029459 (Northern Ireland)













Cottage Catering Limited

Unaudited Financial Statements

for the Year Ended 31 May 2023






Cottage Catering Limited (Registered number: NI029459)

Contents of the Financial Statements
for the Year Ended 31 May 2023










Page

Company information 1

Statement of financial position 2

Notes to the financial statements 3 to 4


Cottage Catering Limited

Company Information
for the Year Ended 31 May 2023







Directors: Mrs P Arnold
Mr H Arnold





Registered office: 64 Blackskull Road
Dromore
Co Down
BT25 1JN





Registered number: NI029459 (Northern Ireland)





Accountants: Wylie Ruddell
Chartered Accountants
Armagh Business Centre
2 Loughgall Road
Armagh
BT61 7NH

Cottage Catering Limited (Registered number: NI029459)

Statement of Financial Position
31 May 2023

2023 2022
Notes £ £
Fixed assets
Investment property 4 650,000 650,000

Current assets
Cash at bank 11,711 10,976

Payables
Amounts falling due within one year 5 (248,862 ) (288,315 )
Net current liabilities (237,151 ) (277,339 )
Total assets less current liabilities 412,849 372,661

Capital and reserves
Called up share capital 6 200,000 200,000
Capital redemption reserve 7 100,000 100,000
Retained earnings 7 112,849 72,661
Shareholders' funds 412,849 372,661

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:




Mr H Arnold - Director



Mrs P Arnold - Director


Cottage Catering Limited (Registered number: NI029459)

Notes to the Financial Statements
for the Year Ended 31 May 2023


1. Statutory information

Cottage Catering Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

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

4. Investment property
Total
£
Fair value
At 1 June 2022
and 31 May 2023 650,000
Net book value
At 31 May 2023 650,000
At 31 May 2022 650,000

Cottage Catering Limited (Registered number: NI029459)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


4. Investment property - continued

Fair value at 31 May 2023 is represented by:
£
Valuation in 2020 (654,740 )
Cost 1,304,740
650,000

5. Payables : amounts falling
due within one year
2023 2022
£ £
Tax 11,808 11,312
VAT 3,561 3,715
Related parties 5,888 4,888
Directors' current accounts 226,675 267,675
Accruals and deferred income 930 725
248,862 288,315

Included within related parties is an amount of £5,888 (2022: £4,888) owing to Mr F Arnold, son of the directors Mr H Arnold & Mrs P Arnold. The loan is interest free and is repayable on demand.

6. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
200,000 Ordinary shares 1 200,000 200,000

7. Reserves
Capital
Retained redemption
earnings reserve Totals
£ £ £

At 1 June 2022 72,661 100,000 172,661
Profit for the year 50,188 50,188
Dividends (10,000 ) (10,000 )
At 31 May 2023 112,849 100,000 212,849

8. Directors' advances, credits and guarantees

The following loans to the company from the directors subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£ £
Mr H Arnold and Mrs P Arnold
Balance outstanding at start of year 267,675 (11,500 )
Amounts advanced 9,000 316,544
Amounts repaid (50,000 ) (37,369 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 226,675 267,675