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REGISTERED NUMBER: 12235877 (England and Wales)














EXTRAORDINARY HUTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






EXTRAORDINARY HUTS LIMITED (REGISTERED NUMBER: 12235877)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


EXTRAORDINARY HUTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr J Mair
Mrs O C Mair





REGISTERED OFFICE: Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ





REGISTERED NUMBER: 12235877 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ

EXTRAORDINARY HUTS LIMITED (REGISTERED NUMBER: 12235877)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 305,575 293,647

CURRENT ASSETS
Debtors 5 74,600 34,580
Cash at bank 12,086 75,838
86,686 110,418
CREDITORS
Amounts falling due within one year 6 252,149 268,055
NET CURRENT LIABILITIES (165,463 ) (157,637 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,112

136,010

CREDITORS
Amounts falling due after more than
one year

7

(11,718

)

(25,682

)

PROVISIONS FOR LIABILITIES (76,394 ) (55,793 )
NET ASSETS 52,000 54,535

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 51,800 54,335
SHAREHOLDERS' FUNDS 52,000 54,535

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.

EXTRAORDINARY HUTS LIMITED (REGISTERED NUMBER: 12235877)

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 18 September 2024 and were signed on its behalf by:




Mr J Mair - Director



Mrs O C Mair - Director


EXTRAORDINARY HUTS LIMITED (REGISTERED NUMBER: 12235877)

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


1. STATUTORY INFORMATION

Extraordinary Huts 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.
Plant and machinery - 25% on reducing balance
Shepherd's Hut - Straight line over 20 years
Motor vehicles - 25% on 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

GRANT INCOME RECOGNITION
Grant income has been recognised under the performance model.

Grants that do not specify any future performance-related conditions are recorded when the grant proceeds are received or receivable. Any grant that imposes specified future performance-related conditions is recognised only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

EXTRAORDINARY HUTS LIMITED (REGISTERED NUMBER: 12235877)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

4. TANGIBLE FIXED ASSETS
Plant and Shepherd's Motor
machinery Hut vehicles Totals
£    £    £    £   
COST
At 1 January 2023 13,350 289,849 32,990 336,189
Additions 6,950 30,810 - 37,760
At 31 December 2023 20,300 320,659 32,990 373,949
DEPRECIATION
At 1 January 2023 5,841 28,453 8,248 42,542
Charge for year 3,614 16,033 6,185 25,832
At 31 December 2023 9,455 44,486 14,433 68,374
NET BOOK VALUE
At 31 December 2023 10,845 276,173 18,557 305,575
At 31 December 2022 7,509 261,396 24,742 293,647

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 74,600 34,580

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,949 3,998
Hire purchase contracts 9,772 9,772
Taxation and social security 1,440 3,673
Other creditors 236,988 250,612
252,149 268,055

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 9,400 13,592
Hire purchase contracts 2,318 12,090
11,718 25,682