Registered number
12567494
Cotswold Property Management Ltd
Filleted Accounts
30 April 2024
Cotswold Property Management Ltd
Registered number: 12567494
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 649,544 663,834
Current assets
Debtors 4 5,153 25,658
Cash at bank and in hand 203,499 1,312
208,652 26,970
Creditors: amounts falling due within one year 5 (7,759) (6,329)
Net current assets 200,893 20,641
Total assets less current liabilities 850,437 684,475
Creditors: amounts falling due after more than one year 6 (451,856) (132,886)
Net assets 398,581 551,589
Capital and reserves
Called up share capital 3 3
Revaluation reserve 7 510,000 510,000
Profit and loss account (111,422) 41,586
Shareholders' funds 398,581 551,589
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J G Bonnar R N G Hodge A T Stuart-Kelso
Director
Approved by the board on 31 January 2025
Cotswold Property Management Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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 from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings nil
Fixtures and fittings over 4 years
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 640,000 57,161 697,161
At 30 April 2024 640,000 57,161 697,161
Depreciation
At 1 May 2023 - 33,327 33,327
Charge for the year - 14,290 14,290
At 30 April 2024 - 47,617 47,617
Net book value
At 30 April 2024 640,000 9,544 649,544
At 30 April 2023 640,000 23,834 663,834
4 Debtors 2024 2023
£ £
Trade debtors 5,153 -
Other debtors - 25,658
5,153 25,658
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,343 750
Taxation and social security costs 3,521 4,164
Other creditors 895 1,415
7,759 6,329
6 Creditors: amounts falling due after one year 2024 2023
£ £
Directors loan 6,237 4,157
Mortgage 445,619 128,729
451,856 132,886
7 Revaluation reserve 2024 2023
£ £
At 1 May 2023 510,000 420,000
Gain on revaluation of land and buildings - 90,000
At 30 April 2024 510,000 510,000
8 Controlling party
The company is controlled by the directors.
9 Other information
Cotswold Property Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Upper Mills
Stonehouse
Glos
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