IRIS Accounts Production v24.2.0.383 03758982 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037589822023-03-31037589822024-03-31037589822023-04-012024-03-31037589822022-03-31037589822022-04-012023-03-31037589822023-03-3103758982ns15:EnglandWales2023-04-012024-03-3103758982ns14:PoundSterling2023-04-012024-03-3103758982ns10:Director12023-04-012024-03-3103758982ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103758982ns10:SmallEntities2023-04-012024-03-3103758982ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103758982ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103758982ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103758982ns10:FullAccounts2023-04-012024-03-3103758982ns10:Director22023-04-012024-03-3103758982ns10:Director32023-04-012024-03-3103758982ns10:CompanySecretary12023-04-012024-03-3103758982ns10:RegisteredOffice2023-04-012024-03-3103758982ns5:CurrentFinancialInstruments2024-03-3103758982ns5:CurrentFinancialInstruments2023-03-3103758982ns5:ShareCapital2024-03-3103758982ns5:ShareCapital2023-03-3103758982ns5:RetainedEarningsAccumulatedLosses2024-03-3103758982ns5:RetainedEarningsAccumulatedLosses2023-03-3103758982ns5:LandBuildings2023-03-3103758982ns5:LandBuildings2024-03-3103758982ns5:LandBuildings2023-03-31
REGISTERED NUMBER: 03758982 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Courtney Storage Limited

Courtney Storage Limited (Registered number: 03758982)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Courtney Storage Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J D Courtney
Mrs M A Courtney
C J Hamilton





SECRETARY: Mrs M A Courtney





REGISTERED OFFICE: First Floor
Estate Office
The Green
Ringmer
East Sussex
BN8 5QE





REGISTERED NUMBER: 03758982 (England and Wales)





ACCOUNTANTS: Caburn Accountants Limited
Chartered Certified Accountants
First Floor,
The Estate Office
The Green, Lewes Road
Ringmer
East Sussex
BN8 5QE

Courtney Storage Limited (Registered number: 03758982)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 640,000 640,000

CURRENT ASSETS
Debtors 5 585 410
Cash at bank 480,348 472,444
480,933 472,854
CREDITORS
Amounts falling due within one year 6 180,242 192,103
NET CURRENT ASSETS 300,691 280,751
TOTAL ASSETS LESS CURRENT
LIABILITIES

940,691

920,751

PROVISIONS FOR LIABILITIES 23,114 17,566
NET ASSETS 917,577 903,185

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 917,575 903,183
SHAREHOLDERS' FUNDS 917,577 903,185

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 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 14 October 2024 and were signed on its behalf by:



Mrs M A Courtney - Director


Courtney Storage Limited (Registered number: 03758982)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Courtney Storage 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.

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.

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 3 (2023 - 3 ) .

Courtney Storage Limited (Registered number: 03758982)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 640,000
NET BOOK VALUE
At 31 March 2024 640,000
At 31 March 2023 640,000

Cost or valuation at 31 March 2024 is represented by:

Land and
buildings
£   
Valuation in 2009 208,047
Valuation in 2014 249,133
Valuation in 2016 52,820
Valuation in 2017 40,000
Valuation in 2018 10,000
Valuation in 2021 50,000
Valuation in 2022 70,000
Valuation in 2023 (40,000 )
640,000

If Freehold Investment Property had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 457,180 457,180
Aggregate depreciation 57,296 52,724

Value of land in freehold land and buildings 225,680 225,680

Freehold Investment Property were valued on an open market basis on 31 March 2024 by the directors on professional advice .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 585 410

Courtney Storage Limited (Registered number: 03758982)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 4,677 15,301
Social security and other taxes 338 -
Other creditors 4,063 5,676
Courtney Commercial Ltd 170,000 170,000
Directors' current accounts 358 358
Accrued expenses 806 768
180,242 192,103