Cosy Home Rentals Limited 12471247 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is buy to let. Digita Accounts Production Advanced 6.30.9574.0 true 12471247 2023-03-01 2024-02-29 12471247 2024-02-29 12471247 core:CurrentFinancialInstruments 2024-02-29 12471247 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 12471247 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 12471247 core:FurnitureFittingsToolsEquipment 2024-02-29 12471247 bus:SmallEntities 2023-03-01 2024-02-29 12471247 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 12471247 bus:FullAccounts 2023-03-01 2024-02-29 12471247 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 12471247 bus:RegisteredOffice 2023-03-01 2024-02-29 12471247 bus:Director1 2023-03-01 2024-02-29 12471247 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12471247 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-29 12471247 core:OfficeEquipment 2023-03-01 2024-02-29 12471247 countries:EnglandWales 2023-03-01 2024-02-29 12471247 2023-02-28 12471247 core:FurnitureFittingsToolsEquipment 2023-02-28 12471247 2022-03-01 2023-02-28 12471247 2023-02-28 12471247 core:CurrentFinancialInstruments 2023-02-28 12471247 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 12471247 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 12471247 core:FurnitureFittingsToolsEquipment 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 12471247

Cosy Home Rentals Limited

Unaudited Financial Statements

for the Year Ended 29 February 2024

 

Cosy Home Rentals Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Cosy Home Rentals Limited

(Registration number: 12471247)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Tangible assets

4

511

1,008

Investment property

5

365,000

365,000

 

365,511

366,008

Current assets

 

Debtors

6

950

164

Cash at bank and in hand

 

2,118

21,485

 

3,068

21,649

Creditors: Amounts falling due within one year

7

(11,791)

(6,716)

Net current (liabilities)/assets

 

(8,723)

14,933

Total assets less current liabilities

 

356,788

380,941

Creditors: Amounts falling due after more than one year

7

(239,872)

(251,537)

Provisions for liabilities

(1,511)

-

Net assets

 

115,405

129,404

Capital and reserves

 

Called up share capital

100

100

Retained earnings

115,305

129,304

Shareholders' funds

 

115,405

129,404

 

Cosy Home Rentals Limited

(Registration number: 12471247)
Balance Sheet as at 29 February 2024

For the financial year ending 29 February 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 year 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.

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 18 October 2024 and signed on its behalf by:
 

.........................................
Mr S Alcock
Director

 

Cosy Home Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

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

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

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 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 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.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

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.

 

Cosy Home Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

33% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers or the expert opinion of the director. 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.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

Cosy Home Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

1,504

1,504

At 29 February 2024

1,504

1,504

Depreciation

At 1 March 2023

496

496

Charge for the year

497

497

At 29 February 2024

993

993

Carrying amount

At 29 February 2024

511

511

At 28 February 2023

1,008

1,008

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of freehold land and buildings.
 

5

Investment properties

2024
£

At 1 March

365,000

At 29 February

365,000

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

6

Debtors

Current

2024
£

2023
£

Other debtors

950

164

 

Cosy Home Rentals Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8,844

5,186

Other creditors

 

2,947

1,530

 

11,791

6,716

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

239,872

251,537

Lending facilities included in Loans and borrowings are secured by the way of a charge over the fixed assets
of the company and are guaranteed by the assets in which they relate.