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REGISTERED NUMBER: 13365825 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Hathersage Cottages Ltd

Hathersage Cottages Ltd (Registered number: 13365825)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Hathersage Cottages Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr Steven Burley
Mrs Claire Rachel Burley



SECRETARY: Mr Steven Burley



REGISTERED OFFICE: Hathersage House
Main Road
Hathersage
S32 1BB



REGISTERED NUMBER: 13365825 (England and Wales)



ACCOUNTANTS: Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: Starling Bank
1 Duval Square
London
E1 6PW

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Hathersage Cottages Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hathersage Cottages Ltd for the year ended 30 April 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hathersage Cottages Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hathersage Cottages Ltd and state those matters that we have agreed to state to the Board of Directors of Hathersage Cottages Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hathersage Cottages Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hathersage Cottages Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hathersage Cottages Ltd. You consider that Hathersage Cottages Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hathersage Cottages Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR


28 January 2025

Hathersage Cottages Ltd (Registered number: 13365825)

Balance Sheet
30 April 2024

30/4/24 30/4/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,537 4,750
Investment property 5 638,448 325,000
641,985 329,750

CURRENT ASSETS
Debtors 6 765 796
Cash at bank 1,733 18,034
2,498 18,830
CREDITORS
Amounts falling due within one year 7 (621,150 ) (324,422 )
NET CURRENT LIABILITIES (618,652 ) (305,592 )
TOTAL ASSETS LESS CURRENT LIABILITIES 23,333 24,158

PROVISIONS FOR LIABILITIES (4,115 ) (4,272 )
NET ASSETS 19,218 19,886

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 19,216 19,884
19,218 19,886

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Hathersage Cottages Ltd (Registered number: 13365825)

Balance Sheet - continued
30 April 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 28 January 2025 and were signed on its behalf by:





Mr Steven Burley - Director


Hathersage Cottages Ltd (Registered number: 13365825)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Hathersage Cottages Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Tangible fixed assets are initially measured at cost. Subsequently, they are measured at cost less accumulated depreciation and impairment losses.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.

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.


Hathersage Cottages Ltd (Registered number: 13365825)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023 7,791
Additions 766
At 30 April 2024 8,557
DEPRECIATION
At 1 May 2023 3,041
Charge for year 1,979
At 30 April 2024 5,020
NET BOOK VALUE
At 30 April 2024 3,537
At 30 April 2023 4,750

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 325,000
Additions 313,448
At 30 April 2024 638,448
NET BOOK VALUE
At 30 April 2024 638,448
At 30 April 2023 325,000

The investment properties class of asset was revalued on 30 April 2024 by the director - Mr S Burley, who is internal to the company. The basis of this valuation was that of estimated current open market value. There has been no valuation of investment properties by an independent valuer.

Hathersage Cottages Ltd (Registered number: 13365825)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. INVESTMENT PROPERTY - continued

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2022 21,947
Cost 616,501
638,448

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 405 405
Other debtors 360 391
765 796

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Other creditors 621,150 324,422