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REGISTERED NUMBER: 10444477 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

THE COW SHED @ FRAISTHORPE BEACH LIMITED

THE COW SHED @ FRAISTHORPE BEACH LIMITED (REGISTERED NUMBER: 10444477)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE COW SHED @ FRAISTHORPE BEACH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: M Jackson
M W Jackson





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
YO16 4LZ





REGISTERED NUMBER: 10444477 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

THE COW SHED @ FRAISTHORPE BEACH LIMITED (REGISTERED NUMBER: 10444477)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 139,303 164,755
Investment property 5 400,000 360,000
539,303 524,755

CURRENT ASSETS
Stocks 1,200 6,544
Debtors 6 2,697 2,664
Cash at bank and in hand 65,666 62,913
69,563 72,121
CREDITORS
Amounts falling due within one year 7 235,486 250,524
NET CURRENT LIABILITIES (165,923 ) (178,403 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

373,380

346,352

PROVISIONS FOR LIABILITIES 33,727 35,687
NET ASSETS 339,653 310,665

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 4,445 (33,953 )
Retained earnings 335,108 344,518
SHAREHOLDERS' FUNDS 339,653 310,665

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 COW SHED @ FRAISTHORPE BEACH LIMITED (REGISTERED NUMBER: 10444477)

BALANCE SHEET - continued
31 JANUARY 2024


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 16 October 2024 and were signed on its behalf by:




M Jackson - Director



M W Jackson - Director


THE COW SHED @ FRAISTHORPE BEACH LIMITED (REGISTERED NUMBER: 10444477)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

The Cow Shed @ Fraisthorpe Beach 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 relates to food and drink sales excluding discounts, rebates, value added tax and other taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised within the income statement.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 the statement of income and retained earnings on a straight line basis over the period of the lease.

THE COW SHED @ FRAISTHORPE BEACH LIMITED (REGISTERED NUMBER: 10444477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company has implemented auto-enrolment pension in respect of all employees. Contributions are charged to the statement of income and retained earnings in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 263,800
Additions 3,826
Disposals (690 )
At 31 January 2024 266,936
DEPRECIATION
At 1 February 2023 99,045
Charge for year 28,743
Eliminated on disposal (155 )
At 31 January 2024 127,633
NET BOOK VALUE
At 31 January 2024 139,303
At 31 January 2023 164,755

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 360,000
Revaluations 40,000
At 31 January 2024 400,000
NET BOOK VALUE
At 31 January 2024 400,000
At 31 January 2023 360,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2023 (33,953 )
Valuation in 2024 40,000
Cost 393,953
400,000

THE COW SHED @ FRAISTHORPE BEACH LIMITED (REGISTERED NUMBER: 10444477)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued 2024 would have been included at the following historical cost:

31.1.24 31.1.23
£    £   
Cost 393,953 393,953

Investment property was valued on an open market basis on 31 January 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 1,141 -
Other debtors 1,556 2,664
2,697 2,664

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 9,398 16,688
Taxation and social security 26,808 44,536
Other creditors 199,280 189,300
235,486 250,524

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Fair
value
reserve
£   
At 1 February 2023 (33,953 )
Transfer from profit and loss
account 38,398

At 31 January 2024 4,445