Craven Cottages Ltd 13091742 false 2023-01-01 2024-03-31 2024-03-31 The principal activity of the company is that of holiday cottage lettings. Digita Accounts Production Advanced 6.30.9574.0 true true 13091742 2023-01-01 2024-03-31 13091742 2024-03-31 13091742 bus:OrdinaryShareClass1 2024-03-31 13091742 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13091742 bus:SmallEntities 2023-01-01 2024-03-31 13091742 bus:AuditExemptWithAccountantsReport 2023-01-01 2024-03-31 13091742 bus:FilletedAccounts 2023-01-01 2024-03-31 13091742 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2024-03-31 13091742 bus:RegisteredOffice 2023-01-01 2024-03-31 13091742 bus:Director2 2023-01-01 2024-03-31 13091742 bus:OrdinaryShareClass1 2023-01-01 2024-03-31 13091742 bus:PrivateLimitedCompanyLtd 2023-01-01 2024-03-31 13091742 countries:AllCountries 2023-01-01 2024-03-31 13091742 2022-12-31 13091742 2022-01-01 2022-12-31 13091742 2022-12-31 13091742 bus:OrdinaryShareClass1 2022-12-31 13091742 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13091742

Craven Cottages Ltd

Unaudited Filleted Abridged Financial Statements

for the Period from 1 January 2023 to 31 March 2024

 

Craven Cottages Ltd

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 4

 

Craven Cottages Ltd

(Registration number: 13091742)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2022
£

Fixed assets

 

Investment property

-

140,478

Current assets

 

Cash at bank and in hand

 

173,307

10,693

Creditors: Amounts falling due within one year

(155,690)

(157,834)

Net current assets/(liabilities)

 

17,617

(147,141)

Total assets less current liabilities

 

17,617

(6,663)

Accruals and deferred income

 

(1,000)

(1,000)

Net assets/(liabilities)

 

16,617

(7,663)

Capital and reserves

 

Called up share capital

5

2

2

Retained earnings

16,615

(7,665)

Shareholders' funds/(deficit)

 

16,617

(7,663)

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 October 2024 and signed on its behalf by:
 

.........................................
Mr A McLachlan
Director

 

Craven Cottages Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 January 2023 to 31 March 2024

1

General information

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

The address of its registered office is:
17 Elmore Terrace
Cross Hills
Keighley
BD20 7RX

These financial statements were authorised for issue by the Board on 1 October 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 abridged 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 abridged 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.

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.

 

Craven Cottages Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 January 2023 to 31 March 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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 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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2022 - 2).

4

Tangible assets

Cost or valuation

Depreciation

Carrying amount

At 31 March 2024

 

Craven Cottages Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 1 January 2023 to 31 March 2024

Investment properties

2024
£

At 1 January

140,478

Disposals

(140,478)

At 31 March

-

There has been no valuation of investment property by an independent valuer.

5

Share capital

Allotted, called up and fully paid shares

2024

2022

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2