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REGISTERED NUMBER: 00727872 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MILLERS COTTAGE LEISURE LIMITED

MILLERS COTTAGE LEISURE LIMITED (REGISTERED NUMBER: 00727872)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MILLERS COTTAGE LEISURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr J E Cowden
Mr W G Cowden
Mr T E Cowden





REGISTERED OFFICE: 13 Trinity Square
Llandudno
LL30 2RB





REGISTERED NUMBER: 00727872 (England and Wales)





ACCOUNTANTS: Williams Denton Cyf
Chartered Certified Accountants
Glaslyn
Ffordd y Parc
Parc Menai
Bangor
Gwynedd
LL57 4FE

MILLERS COTTAGE LEISURE LIMITED (REGISTERED NUMBER: 00727872)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,970,278 6,074,364

CURRENT ASSETS
Stocks 470,164 131,132
Debtors 5 329,613 276,111
Cash at bank and in hand 575,570 1,714,224
1,375,347 2,121,467
CREDITORS
Amounts falling due within one year 6 706,126 753,523
NET CURRENT ASSETS 669,221 1,367,944
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,639,499

7,442,308

PROVISIONS FOR LIABILITIES 1,404,840 1,404,840
NET ASSETS 6,234,659 6,037,468

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 6,232,659 6,035,468
SHAREHOLDERS' FUNDS 6,234,659 6,037,468

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

MILLERS COTTAGE LEISURE LIMITED (REGISTERED NUMBER: 00727872)

BALANCE SHEET - continued
31 DECEMBER 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 23 September 2024 and were signed on its behalf by:





Mr W G Cowden - Director


MILLERS COTTAGE LEISURE LIMITED (REGISTERED NUMBER: 00727872)

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


1. STATUTORY INFORMATION

Millers Cottage Leisure 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 as modified by the revaluation of certain assets.

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.
Land and buildings - 10% on reducing balance and at varying rates on cost
Plant and machinery etc - 25% on reducing balance, 10% on reducing balance and at variable rates on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 12 ) .

MILLERS COTTAGE LEISURE LIMITED (REGISTERED NUMBER: 00727872)

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


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 6,701,544 359,211 7,060,755
Additions 911,424 14,255 925,679
At 31 December 2023 7,612,968 373,466 7,986,434
DEPRECIATION
At 1 January 2023 701,544 284,847 986,391
Charge for year 14,541 15,224 29,765
At 31 December 2023 716,085 300,071 1,016,156
NET BOOK VALUE
At 31 December 2023 6,896,883 73,395 6,970,278
At 31 December 2022 6,000,000 74,364 6,074,364

Cost or valuation at 31 December 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2022 5,619,362 - 5,619,362
Cost 1,993,606 373,466 2,367,072
7,612,968 373,466 7,986,434

If the park had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,082,182 1,082,182
Aggregate depreciation 701,544 701,544

The park was valued on an open market basis on 31 December 2022 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 318,503 254,759
Other debtors 11,110 21,352
329,613 276,111

MILLERS COTTAGE LEISURE LIMITED (REGISTERED NUMBER: 00727872)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 40,759 65,331
Taxation and social security 56,974 76,333
Other creditors 608,393 611,859
706,126 753,523