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Registration number: 11333340

Cloud Cottages Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Cloud Cottages Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Cloud Cottages Ltd

Company Information

Directors

Mr N P M Symons

Mrs P K Symons

Registered office

Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

Accountants

Regulatory Accounting Ltd
T/A Optimum Professional Services
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

 

Cloud Cottages Ltd

(Registration number: 11333340)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,138

1,124

Investment property

5

377,000

379,000

 

378,138

380,124

Current assets

 

Debtors

6

398

25

Cash at bank and in hand

 

63,354

67,712

 

63,752

67,737

Creditors: Amounts falling due within one year

7

(20,844)

(23,316)

Net current assets

 

42,908

44,421

Total assets less current liabilities

 

421,046

424,545

Creditors: Amounts falling due after more than one year

7

(310,000)

(310,000)

Provisions for liabilities

(19,736)

(20,234)

Net assets

 

91,310

94,311

Capital and reserves

 

Called up share capital

1

1

Retained earnings

91,309

94,310

Shareholders' funds

 

91,310

94,311

 

Cloud Cottages Ltd

(Registration number: 11333340)
Balance Sheet as at 30 April 2024

For the financial year ending 30 April 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 30 January 2025 and signed on its behalf by:
 

.........................................
Mr N P M Symons
Director

.........................................
Mrs P K Symons
Director

 

Cloud Cottages Ltd

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

1

General information

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

The address of its registered office is:
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE
England

The principal place of business is:
Pigglesdene Cottage
West Overton
Marlborough
Wiltshire
SN8 4FG
England

These financial statements were authorised for issue by the Board on 30 January 2025.

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.

The presentational currency of these financial statements is pound sterling and figures has been rounded to the nearest whole number.

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.

 

Cloud Cottages Ltd

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

Fixtures and fittings

20% on cost and 33.33% on cost

Investment property

Investment property is carried at fair value, derived from the estimates of third party organisations and the directors. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Cloud Cottages Ltd

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

8,896

8,896

Additions

863

863

At 30 April 2024

9,759

9,759

Depreciation

At 1 May 2023

7,772

7,772

Charge for the year

849

849

At 30 April 2024

8,621

8,621

Carrying amount

At 30 April 2024

1,138

1,138

At 30 April 2023

1,124

1,124

5

Investment properties

2024
£

At 1 May

379,000

Fair value adjustments

(2,000)

At 30 April

377,000

The properties are valued at market value by the directors using a reliable third party tool.This property is recorded at fair value.

6

Debtors

2024
£

2023
£

Prepayments

45

25

Other debtors

353

-

398

25

 

Cloud Cottages Ltd

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

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

-

2,696

Accruals and deferred income

16,952

17,232

Other creditors

3,892

3,388

20,844

23,316

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

310,000

310,000

Creditors falling due after more than one year include loans not repayable by instalments of £310,000 (2022 - £310,000) due after more than five years.

8

Related party transactions

Transactions with directors

2024

At 1 May 2023
£

Advances to director
£

Repayments by director
£

At 30 April 2024
£

Mr N P M Symons

transactions

1,332

-

-

1,332

Mrs P K Symons

transactions

2,056

(2,959)

3,463

2,560

2023

At 1 May 2022
£

Advances to director
£

Repayments by director
£

At 30 April 2023
£

Mr N P M Symons

transactions

1,332

-

-

1,332

Mrs P K Symons

transactions

1,182

(2,190)

3,065

2,056

 

Cloud Cottages Ltd

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

Loans from related parties

2024

Parent
£

Total
£

At start of period

310,000

310,000

At end of period

310,000

310,000

2023

Parent
£

Total
£

At start of period

310,000

310,000

At end of period

310,000

310,000

Terms of loans from related parties

The above advance has been lent to the trading company from its parent company.

No interest is currently being charged.