2023-04-012024-03-312024-03-31false03147701THE COPPERMINES & LAKES COTTAGES LIMITED2024-10-1555209iso4217:GBPxbrli:pure031477012023-04-01031477012024-03-31031477012023-04-012024-03-31031477012022-04-01031477012023-03-31031477012022-04-012023-03-3103147701bus:SmallEntities2023-04-012024-03-3103147701bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3103147701bus:FullAccounts2023-04-012024-03-3103147701bus:PrivateLimitedCompanyLtd2023-04-012024-03-3103147701core:WithinOneYear2024-03-3103147701core:AfterOneYear2024-03-3103147701core:WithinOneYear2023-03-3103147701core:AfterOneYear2023-03-3103147701core:ShareCapital2024-03-3103147701core:SharePremium2024-03-3103147701core:RevaluationReserve2024-03-3103147701core:OtherReservesSubtotal2024-03-3103147701core:RetainedEarningsAccumulatedLosses2024-03-3103147701core:ShareCapital2023-03-3103147701core:SharePremium2023-03-3103147701core:RevaluationReserve2023-03-3103147701core:OtherReservesSubtotal2023-03-3103147701core:RetainedEarningsAccumulatedLosses2023-03-3103147701core:LandBuildings2024-03-3103147701core:PlantMachinery2024-03-3103147701core:Vehicles2024-03-3103147701core:FurnitureFittings2024-03-3103147701core:OfficeEquipment2024-03-3103147701core:NetGoodwill2024-03-3103147701core:IntangibleAssetsOtherThanGoodwill2024-03-3103147701core:ListedExchangeTraded2024-03-3103147701core:UnlistedNon-exchangeTraded2024-03-3103147701core:LandBuildings2023-03-3103147701core:PlantMachinery2023-03-3103147701core:Vehicles2023-03-3103147701core:FurnitureFittings2023-03-3103147701core:OfficeEquipment2023-03-3103147701core:NetGoodwill2023-03-3103147701core:IntangibleAssetsOtherThanGoodwill2023-03-3103147701core:ListedExchangeTraded2023-03-3103147701core:UnlistedNon-exchangeTraded2023-03-3103147701core:LandBuildings2023-04-012024-03-3103147701core:PlantMachinery2023-04-012024-03-3103147701core:Vehicles2023-04-012024-03-3103147701core:FurnitureFittings2023-04-012024-03-3103147701core:OfficeEquipment2023-04-012024-03-3103147701core:NetGoodwill2023-04-012024-03-3103147701core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3103147701core:ListedExchangeTraded2023-04-012024-03-3103147701core:UnlistedNon-exchangeTraded2023-04-012024-03-3103147701core:MoreThanFiveYears2023-04-012024-03-3103147701core:Non-currentFinancialInstruments2024-03-3103147701core:Non-currentFinancialInstruments2023-03-3103147701dpl:CostSales2023-04-012024-03-3103147701dpl:DistributionCosts2023-04-012024-03-3103147701core:LandBuildings2023-04-012024-03-3103147701core:PlantMachinery2023-04-012024-03-3103147701core:Vehicles2023-04-012024-03-3103147701core:FurnitureFittings2023-04-012024-03-3103147701core:OfficeEquipment2023-04-012024-03-3103147701dpl:AdministrativeExpenses2023-04-012024-03-3103147701core:NetGoodwill2023-04-012024-03-3103147701core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3103147701dpl:GroupUndertakings2023-04-012024-03-3103147701dpl:ParticipatingInterests2023-04-012024-03-3103147701dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3103147701core:ListedExchangeTraded2023-04-012024-03-3103147701dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3103147701core:UnlistedNon-exchangeTraded2023-04-012024-03-3103147701dpl:CostSales2022-04-012023-03-3103147701dpl:DistributionCosts2022-04-012023-03-3103147701core:LandBuildings2022-04-012023-03-3103147701core:PlantMachinery2022-04-012023-03-3103147701core:Vehicles2022-04-012023-03-3103147701core:FurnitureFittings2022-04-012023-03-3103147701core:OfficeEquipment2022-04-012023-03-3103147701dpl:AdministrativeExpenses2022-04-012023-03-3103147701core:NetGoodwill2022-04-012023-03-3103147701core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3103147701dpl:GroupUndertakings2022-04-012023-03-3103147701dpl:ParticipatingInterests2022-04-012023-03-3103147701dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3103147701core:ListedExchangeTraded2022-04-012023-03-3103147701dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3103147701core:UnlistedNon-exchangeTraded2022-04-012023-03-3103147701core:NetGoodwill2024-03-3103147701core:IntangibleAssetsOtherThanGoodwill2024-03-3103147701core:LandBuildings2024-03-3103147701core:PlantMachinery2024-03-3103147701core:Vehicles2024-03-3103147701core:FurnitureFittings2024-03-3103147701core:OfficeEquipment2024-03-3103147701core:AfterOneYear2024-03-3103147701core:WithinOneYear2024-03-3103147701core:ListedExchangeTraded2024-03-3103147701core:UnlistedNon-exchangeTraded2024-03-3103147701core:ShareCapital2024-03-3103147701core:SharePremium2024-03-3103147701core:RevaluationReserve2024-03-3103147701core:OtherReservesSubtotal2024-03-3103147701core:RetainedEarningsAccumulatedLosses2024-03-3103147701core:NetGoodwill2023-03-3103147701core:IntangibleAssetsOtherThanGoodwill2023-03-3103147701core:LandBuildings2023-03-3103147701core:PlantMachinery2023-03-3103147701core:Vehicles2023-03-3103147701core:FurnitureFittings2023-03-3103147701core:OfficeEquipment2023-03-3103147701core:AfterOneYear2023-03-3103147701core:WithinOneYear2023-03-3103147701core:Liste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THE COPPERMINES & LAKES COTTAGES LIMITED

Registered Number
03147701
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

THE COPPERMINES & LAKES COTTAGES LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

JOHNSTON, Philip Aylwin
WILKINSON-MARSH, Sarah Elizabeth Doris

Registered Address

The Estate Office
The Bridge
Coniston
LA21 8HJ

Registered Number

03147701 (England and Wales)
THE COPPERMINES & LAKES COTTAGES LIMITED
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets31,7083,571
Tangible assets41,254,1721,242,099
1,255,8801,245,670
Current assets
Stocks51,73463,071
Debtors5291,891229,702
Cash at bank and on hand289,061326,059
632,686618,832
Creditors amounts falling due within one year6(1,023,685)(1,038,134)
Net current assets (liabilities)(390,999)(419,302)
Total assets less current liabilities864,881826,368
Creditors amounts falling due after one year7(217,654)(136,147)
Provisions for liabilities8(49,400)(53,900)
Net assets597,827636,321
Capital and reserves
Called up share capital100100
Profit and loss account597,727636,221
Shareholders' funds597,827636,321
The financial statements were approved and authorised for issue by the Board of Directors on 15 October 2024, and are signed on its behalf by:
JOHNSTON, Philip Aylwin
Director
Registered Company No. 03147701
THE COPPERMINES & LAKES COTTAGES LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-50
Plant and machinery20-
Fixtures and fittings15-
Vehicles25-
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to completed the sale. The impairment loss is recognised immediately in the Income Statement.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Financial instruments
The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year2829
3.Intangible assets

Goodwill

Other

Total

£££
Cost or valuation
At 01 April 2336,8009,31546,115
At 31 March 2436,8009,31546,115
Amortisation and impairment
At 01 April 2336,8005,74442,544
Charge for year-1,8631,863
At 31 March 2436,8007,60744,407
Net book value
At 31 March 24-1,7081,708
At 31 March 23-3,5713,571
4.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Total

£££££
Cost or valuation
At 01 April 231,035,5353,570157,544389,4481,586,097
Additions18,2095,30027,2505,80556,564
Disposals---(18,700)(18,700)
At 31 March 241,053,7448,870184,794376,5531,623,961
Depreciation and impairment
At 01 April 2364,66039815,453263,487343,998
Charge for year18,8741,1342,56419,38441,956
On disposals---(16,165)(16,165)
At 31 March 2483,5341,53218,017266,706369,789
Net book value
At 31 March 24970,2107,338166,777109,8471,254,172
At 31 March 23970,8753,172142,091125,9611,242,099
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables4,6004,063
Other debtors62,172-
Prepayments and accrued income225,119225,639
Total291,891229,702
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables897,347966,269
Bank borrowings and overdrafts18,60015,120
Taxation and social security85,33726,468
Other creditors6,45016,274
Accrued liabilities and deferred income15,95114,003
Total1,023,6851,038,134
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Bank borrowings and overdrafts are secured by fixed and floating charges over the assets of the company.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts217,654136,147
Total217,654136,147
Bank borrowings and overdrafts are secured by fixed and floating charges over the assets of the company.
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)49,40053,900
Total49,40053,900
9.Directors advances, credits and guarantees
On 1 April 2023 a Director owed the Company £Nil. During the period this director was advanced a further £393,865 and repaid £331,693. As at 31 March 2024 this Director owed the Company £62,172. Interest of £5,322 was charged on this loan. The loan is unsecured and repayable upon demand.
10.Guarantees provided on behalf of directors
The director has provided personal guarantees of £400,000.