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Registration number: 04238230

Streamside Cottage Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 November 2022 to 31 December 2023

 

Streamside Cottage Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Streamside Cottage Limited

Company Information

Director

Mrs J L Hussey

Company secretary

Mr N S Hussey

Registered office

35 Thorne Road
Doncaster
South Yorkshire
DN1 2HD

 

Streamside Cottage Limited

(Registration number: 04238230)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investment

4

580,478

580,478

Tangible assets

5

15,665

14,111

Current assets

 

Debtors

6

206,501

132,500

Cash at bank and in hand

 

117,983

143,470

 

324,484

275,970

Creditors: Amounts falling due within one year

7

(161,166)

(172,571)

Net current assets

 

163,318

103,399

Total assets less current liabilities

 

759,461

697,988

Creditors: Amounts falling due after more than one year

7

(325,999)

(359,887)

Net assets

 

433,462

338,101

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

433,460

338,099

Shareholders' funds

 

433,462

338,101

For the financial period ending 31 December 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 period in question in accordance with section 476; and

The director acknowledges her 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 1 August 2024
 

 

Streamside Cottage Limited

(Registration number: 04238230)
Balance Sheet as at 31 December 2023

.........................................
Mrs J L Hussey
Director

 

Streamside Cottage Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 December 2023

1

General information

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

The address of its registered office is:
35 Thorne Road
Doncaster
South Yorkshire
DN1 2HD

The principal place of business is:
6 New Road
Bramham
Leeds
West Yorkshire
LS23 6QS
England

These financial statements were authorised for issue by the director on 1 August 2024.

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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' 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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

Streamside Cottage Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 December 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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

Furniture and fittings

15% reducing balance

Negative goodwill

Negative goodwill arising on an acquisition is recognised on the face of the balance sheet on the acquisition date and subsequently the excess up to the fair value of non-monetary assets acquired is recognised in profit or loss in the periods in which the non-monetary assets are recovered.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Streamside Cottage Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 December 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 period, was 27 (2022 - 27).

 

Streamside Cottage Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 December 2023

4

Intangible assets

Investment

2023
£

At 1 November 2022

580,478

At 31 December 2023

580,478

 

Streamside Cottage Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 December 2023

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2022

41,487

41,487

Additions

3,976

3,976

At 31 December 2023

45,463

45,463

Depreciation

At 1 November 2022

27,376

27,376

Charge for the period

2,422

2,422

At 31 December 2023

29,798

29,798

Carrying amount

At 31 December 2023

15,665

15,665

At 31 October 2022

14,111

14,111

6

Debtors

Current

2023
£

2022
£

Other debtors

206,501

132,500

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

31,696

28,877

Trade creditors

 

9,029

5,181

Taxation and social security

 

37,018

33,874

Accruals and deferred income

 

2,700

2,580

Other creditors

 

80,723

102,059

 

161,166

172,571

 

Streamside Cottage Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 December 2023

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

325,999

359,887

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Shares of £1 each

2

2

2

2

         

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

325,999

359,887

2023
£

2022
£

Current loans and borrowings

Bank borrowings

31,696

28,877