OCEAN VIEW COTTAGES LIMITED

Company Registration Number:
12392027 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

OCEAN VIEW COTTAGES LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

OCEAN VIEW COTTAGES LIMITED

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 14,466 17,937
Investments: 4 750,000 750,000
Total fixed assets: 764,466 767,937
Current assets
Debtors:   540 443
Cash at bank and in hand: 90,380 81,738
Total current assets: 90,920 82,181
Creditors: amounts falling due within one year:   (4,388) (5,746)
Net current assets (liabilities): 86,532 76,435
Total assets less current liabilities: 850,998 844,372
Creditors: amounts falling due after more than one year: 5 (600,231) (597,017)
Provision for liabilities: (38,994) (38,994)
Total net assets (liabilities): 211,773 208,361
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 211,771 208,359
Shareholders funds: 211,773 208,361

The notes form part of these financial statements

OCEAN VIEW COTTAGES LIMITED

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 October 2024
and signed on behalf of the board by:

Name: W M Crowe
Status: Director

The notes form part of these financial statements

OCEAN VIEW COTTAGES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

OCEAN VIEW COTTAGES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

OCEAN VIEW COTTAGES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 35,286
Additions 1,351
At 31 January 2024 36,637
Depreciation
At 01 February 2023 17,349
Charge for year 4,822
At 31 January 2024 22,171
Net book value
At 31 January 2024 14,466
At 31 January 2023 17,937

OCEAN VIEW COTTAGES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Fixed investments

Investment property is carried at fair value determined annually and derived from current market rents and property values. No depreciation is provided. Changes in fair value are reported in the profit and loss account.

OCEAN VIEW COTTAGES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due after more than one year note

The Directors loan to the company is secured by way of a legal charge on the freehold property. There is in place a schedule to make repayment of the loan of £580,000 over the next 20 years, which commenced 7th August 2021, but this is flexible and at the discretion of the Directors. No repayment was taken in the current year.