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REGISTERED NUMBER: 12938204 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

The Cottage Saltburn Limited

The Cottage Saltburn Limited (Registered number: 12938204)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Cottage Saltburn Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr P R Stanford
Mrs V J Stanford





REGISTERED OFFICE: 37 Kent Road
Harrogate
HG1 2ET





REGISTERED NUMBER: 12938204 (England and Wales)





ACCOUNTANTS: Aysgarth Chartered Accountants
Suite 3b
Kings House
1 King Street
Leeds
LS1 2HH

The Cottage Saltburn Limited (Registered number: 12938204)

Balance Sheet
31 October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 213,533 216,739

CURRENT ASSETS
Debtors 5 1,222 252
Cash at bank 115 1,676
1,337 1,928
CREDITORS
Amounts falling due within one year 6 5,040 2,450
NET CURRENT LIABILITIES (3,703 ) (522 )
TOTAL ASSETS LESS CURRENT LIABILITIES 209,830 216,217

CREDITORS
Amounts falling due after more than one year 7 211,688 219,090
NET LIABILITIES (1,858 ) (2,873 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,958 ) (2,973 )
(1,858 ) (2,873 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Cottage Saltburn Limited (Registered number: 12938204)

Balance Sheet - continued
31 October 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 24 July 2024 and were signed on its behalf by:





Mr P R Stanford - Director


The Cottage Saltburn Limited (Registered number: 12938204)

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

1. STATUTORY INFORMATION

The Cottage Saltburn 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.
Fixtures and fittings - 20% on cost

All tangible fixed assets are recorded at cost, being purchase price, less accumulated depreciation.

Freehold property is reviewed for any reduction in value but due to the constant spend on property the directors are of the opinion that there is no material difference to the carrying value and the market value and that any amortisation would not give a true and fair view of the freehold property.

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 2 (2022 - 2 ) .

The Cottage Saltburn Limited (Registered number: 12938204)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 205,480 16,029 221,509
DEPRECIATION
At 1 November 2022 - 4,770 4,770
Charge for year - 3,206 3,206
At 31 October 2023 - 7,976 7,976
NET BOOK VALUE
At 31 October 2023 205,480 8,053 213,533
At 31 October 2022 205,480 11,259 216,739

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 1,222 -
Other debtors - 252
1,222 252

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade creditors 543 -
Other creditors 4,497 2,450
5,040 2,450

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/10/23 31/10/22
£    £   
Other creditors 211,688 219,090

Amounts falling due in more than five years:

Repayable by instalments
Other loans due after 5 years 146,251 146,266

The Cottage Saltburn Limited (Registered number: 12938204)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31/10/23 31/10/22
£    £   
Other loans 146,251 146,266

9. RELATED PARTY DISCLOSURES

Included in other creditors due after one year is a loan from Amicon Limited for £65,437 (2022: £72,824). The loan is interest free with no fixed terms for repayment. Amicon is controlled by Mr P R Stanford and Mrs V J Stanford;

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr P R Stanford and Mrs V J Stanford.