IRIS Accounts Production v23.3.1.45 11384555 Board of Directors Board of Directors 1.6.22 31.5.23 31.5.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh113845552022-05-31113845552023-05-31113845552022-06-012023-05-31113845552021-05-31113845552021-06-012022-05-31113845552022-05-3111384555ns10:Originalns15:EnglandWales2022-06-012023-05-3111384555ns14:PoundSterlingns10:Original2022-06-012023-05-3111384555ns10:Originalns10:Director12022-06-012023-05-3111384555ns10:Original2022-06-012023-05-3111384555ns10:Originalns10:Director22022-06-012023-05-3111384555ns10:Original2023-05-3111384555ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3111384555ns10:Originalns10:SmallEntities2022-06-012023-05-3111384555ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3111384555ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3111384555ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3111384555ns10:Originalns10:FullAccounts2022-06-012023-05-3111384555ns10:Original2021-06-012022-05-3111384555ns10:CompanySecretary1ns10:Original2022-06-012023-05-3111384555ns10:Originalns10:RegisteredOffice2022-06-012023-05-3111384555ns10:Original2022-05-3111384555ns10:Originalns5:CurrentFinancialInstruments2023-05-3111384555ns10:Originalns5:CurrentFinancialInstruments2022-05-3111384555ns10:Originalns5:Non-currentFinancialInstruments2023-05-3111384555ns10:Originalns5:Non-currentFinancialInstruments2022-05-3111384555ns5:ShareCapitalns10:Original2023-05-3111384555ns5:ShareCapitalns10:Original2022-05-3111384555ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3111384555ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3111384555ns10:Originalns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-06-012023-05-3111384555ns10:Originalns5:FurnitureFittings2022-06-012023-05-3111384555ns10:Originalns5:LandBuildings2022-05-3111384555ns10:Originalns5:FurnitureFittings2022-05-3111384555ns10:Original2022-05-3111384555ns10:Originalns5:LandBuildings2022-06-012023-05-3111384555ns10:Originalns5:LandBuildings2023-05-3111384555ns10:Originalns5:FurnitureFittings2023-05-3111384555ns10:Originalns5:LandBuildings2022-05-3111384555ns10:Originalns5:FurnitureFittings2022-05-31
REGISTERED NUMBER: 11384555 (England and Wales)












EXCLUSIVE COTTAGES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2023






EXCLUSIVE COTTAGES LIMITED (REGISTERED NUMBER: 11384555)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EXCLUSIVE COTTAGES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr U T Erte
Mrs E C Erte





SECRETARY:





REGISTERED OFFICE: C/o Bevan Buckland LLP
6 Westgate Hill
Pembroke
Pembrokeshire
SA71 4LB





REGISTERED NUMBER: 11384555 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
Castle Chambers
6 Westgate Hill
Pembroke
Pembrokeshire
SA71 4LB

EXCLUSIVE COTTAGES LIMITED (REGISTERED NUMBER: 11384555)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 323,167 326,359

CURRENT ASSETS
Cash at bank 3,182 175

CREDITORS
Amounts falling due within one year 5 51,041 51,094
NET CURRENT LIABILITIES (47,859 ) (50,919 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,308

275,440

CREDITORS
Amounts falling due after more than one
year

6

291,378

299,772
NET LIABILITIES (16,070 ) (24,332 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (16,071 ) (24,333 )
SHAREHOLDERS' FUNDS (16,070 ) (24,332 )

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by:




Mr U T Erte - Director



Mrs E C Erte - Director


EXCLUSIVE COTTAGES LIMITED (REGISTERED NUMBER: 11384555)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Exclusive 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on cost
Fixtures and fittings - 20% 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.

3. EMPLOYEES AND DIRECTORS

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

EXCLUSIVE COTTAGES LIMITED (REGISTERED NUMBER: 11384555)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 June 2022 335,947 473 336,420
Additions 230 - 230
At 31 May 2023 336,177 473 336,650
DEPRECIATION
At 1 June 2022 9,890 171 10,061
Charge for year 3,361 61 3,422
At 31 May 2023 13,251 232 13,483
NET BOOK VALUE
At 31 May 2023 322,926 241 323,167
At 31 May 2022 326,057 302 326,359

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 417 470
Other creditors 50,624 50,624
51,041 51,094

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 291,378 299,772

7. LOANS

Total loan outstanding to Pembrokeshire County Council is £50,000.

8. RELATED PARTY DISCLOSURES

During the period under review Mr & Mrs Erte, the directors, occupied a property owned by the company. No rent was paid during the year.

9. ULTIMATE CONTROLLING PARTY

During the period under review the company was controlled by Mr & Mrs Erte, by virtue of their 100% holding of the issued share capital.