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Company registration number: 12988918
Alne Holiday Cottages Limited
Unaudited filleted financial statements
30 November 2023
THE BARKER PARTNERSHIP
Chartered Accountants
Thirsk
Alne Holiday Cottages Limited
Contents
Directors and other information
Accountants report
Balance sheet
Notes to the financial statements
Alne Holiday Cottages Limited
Directors and other information
Directors J D Edwards
J A Edwards
Company number 12988918
Registered office The Old Post Office
Main Street
Alne
York
YO61 1TB
Accountants The Barker Partnership
17 Central Buildings
Market Place
Thirsk
North Yorkshire
YO7 1HD
Alne Holiday Cottages Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Alne Holiday Cottages Limited
Year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Alne Holiday Cottages Limited for the year ended 30 November 2023 which comprise the Balance sheet and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Alne Holiday Cottages Limited, as a body, in accordance with the terms of our engagement letter dated 27 September 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Alne Holiday Cottages Limited and state those matters that we have agreed to state to the board of directors of Alne Holiday Cottages Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alne Holiday Cottages Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Alne Holiday 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 Alne Holiday Cottages Limited. You consider that Alne Holiday 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 Alne Holiday 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.
The Barker Partnership
Chartered Accountants
17 Central Buildings
Market Place
Thirsk
North Yorkshire
YO7 1HD
6 February 2024
Alne Holiday Cottages Limited
Balance sheet
30 November 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 4 394,182 324,377
_______ _______
394,182 324,377
Current assets
Debtors 5 1,519 1,122
_______ _______
1,519 1,122
Creditors: amounts falling due
within one year 6 ( 433,172) ( 346,157)
_______ _______
Net current liabilities ( 431,653) ( 345,035)
_______ _______
Total assets less current liabilities ( 37,471) ( 20,658)
_______ _______
Net liabilities ( 37,471) ( 20,658)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account ( 37,571) ( 20,758)
_______ _______
Shareholders deficit ( 37,471) ( 20,658)
_______ _______
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 06 February 2024 , and are signed on behalf of the board by:
J D Edwards
Director
Company registration number: 12988918
Alne Holiday Cottages Limited
Notes to the financial statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Post Office, Main Street, Alne, York, YO61 1TB.
The principal activity of the company is that of providing furnished holiday lettings.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
4. Tangible assets
Freehold property Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 December 2022 318,925 8,840 327,765
Additions 63,699 9,959 73,658
_______ _______ _______
At 30 November 2023 382,624 18,799 401,423
_______ _______ _______
Depreciation
At 1 December 2022 - 3,388 3,388
Charge for the year - 3,853 3,853
_______ _______ _______
At 30 November 2023 - 7,241 7,241
_______ _______ _______
Carrying amount
At 30 November 2023 382,624 11,558 394,182
_______ _______ _______
At 30 November 2022 318,925 5,452 324,377
_______ _______ _______
5. Debtors
2023 2022
£ £
Other debtors 1,519 1,122
_______ _______
6. Creditors: amounts falling due within one year
2023 2022
£ £
Other creditors 433,172 346,157
_______ _______
7. Related party transactions
At the year end, an amount of £432,572 (2022 £345,557) was due to the directors in respect of their joint loan account.