Cosy Home Rentals Limited 12471247 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is buy to let. Digita Accounts Production Advanced 6.30.9574.0 true 12471247 2022-03-01 2023-02-28 12471247 2023-02-28 12471247 core:RetainedEarningsAccumulatedLosses 2023-02-28 12471247 core:ShareCapital 2023-02-28 12471247 core:CurrentFinancialInstruments 2023-02-28 12471247 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 12471247 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 12471247 core:CostValuation 2023-02-28 12471247 core:DisposalsRepaymentsInvestments 2023-02-28 12471247 core:FurnitureFittingsToolsEquipment 2023-02-28 12471247 core:LandBuildings 2023-02-28 12471247 bus:SmallEntities 2022-03-01 2023-02-28 12471247 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 12471247 bus:FullAccounts 2022-03-01 2023-02-28 12471247 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 12471247 bus:RegisteredOffice 2022-03-01 2023-02-28 12471247 bus:Director1 2022-03-01 2023-02-28 12471247 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 12471247 core:FurnitureFittingsToolsEquipment 2022-03-01 2023-02-28 12471247 core:LandBuildings 2022-03-01 2023-02-28 12471247 core:OfficeEquipment 2022-03-01 2023-02-28 12471247 countries:EnglandWales 2022-03-01 2023-02-28 12471247 2022-02-28 12471247 core:CostValuation 2022-02-28 12471247 core:FurnitureFittingsToolsEquipment 2022-02-28 12471247 core:LandBuildings 2022-02-28 12471247 2021-03-01 2022-02-28 12471247 2022-02-28 12471247 core:RetainedEarningsAccumulatedLosses 2022-02-28 12471247 core:ShareCapital 2022-02-28 12471247 core:CurrentFinancialInstruments 2022-02-28 12471247 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 12471247 core:Non-currentFinancialInstruments core:AfterOneYear 2022-02-28 12471247 core:FurnitureFittingsToolsEquipment 2022-02-28 12471247 core:LandBuildings 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 12471247

Cosy Home Rentals Limited

Unaudited Financial Statements

for the Year Ended 28 February 2023

 

Cosy Home Rentals Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Cosy Home Rentals Limited

(Registration number: 12471247)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,008

148,374

Investment property

5

365,000

-

Investments

6

-

10

 

366,008

148,384

Current assets

 

Debtors

7

164

100

Cash at bank and in hand

 

21,485

44,345

 

21,649

44,445

Creditors: Amounts falling due within one year

8

(6,716)

(1,309)

Net current assets

 

14,933

43,136

Total assets less current liabilities

 

380,941

191,520

Creditors: Amounts falling due after more than one year

8

(251,537)

(107,042)

Net assets

 

129,404

84,478

Capital and reserves

 

Called up share capital

100

100

Retained earnings

129,304

84,378

Shareholders' funds

 

129,404

84,478

 

Cosy Home Rentals Limited

(Registration number: 12471247)
Balance Sheet as at 28 February 2023

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 November 2023
 

.........................................
Mr S Alcock
Director

 

Cosy Home Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Cosy Home Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

33% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers or the expert opinion of the director. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Cosy Home Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2022

148,374

-

148,374

Additions

-

1,504

1,504

Transfers to/from investment property

(148,374)

-

(148,374)

At 28 February 2023

-

1,504

1,504

Depreciation

Charge for the year

-

496

496

At 28 February 2023

-

496

496

Carrying amount

At 28 February 2023

-

1,008

1,008

At 28 February 2022

148,374

-

148,374

Included within the net book value of land and buildings above is £Nil (2022 - £148,374) in respect of freehold land and buildings.
 

5

Investment properties

2023
£

Additions

357,561

Fair value adjustments

7,439

At 28 February

365,000

There has been no valuation of investment property by an independent valuer.

6

Investments

2023
£

2022
£

Investments in associates

-

10

 

Cosy Home Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Associates

£

Cost

At 1 March 2022

10

Disposals

(10)

At 28 February 2023

-

Provision

Carrying amount

At 28 February 2023

-

At 28 February 2022

10

7

Debtors

Current

2023
£

2022
£

Other debtors

164

100

 

164

100

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

5,186

-

Other creditors

 

1,530

1,309

 

6,716

1,309

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

251,537

107,042

Lending facilities included in Loans and borrowings are secured by the way of a charge over the fixed assets
of the company and are guaranteed by the assets in which they relate.