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REGISTERED NUMBER: 10756047 (England and Wales)















WOW COTTAGES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024






WOW COTTAGES LIMITED (REGISTERED NUMBER: 10756047)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOW COTTAGES LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: Mrs H J Whitby
D C Whitby





REGISTERED OFFICE: Whitley Farm
First Lane
Whitley
Melksham
Wiltshire
SN12 8RG





REGISTERED NUMBER: 10756047 (England and Wales)





ACCOUNTANT: Clear Vision Accountancy Limited
1 Abacus House
Newlands Road
Corsham
Wiltshire
SN13 0BH

WOW COTTAGES LIMITED (REGISTERED NUMBER: 10756047)

BALANCE SHEET
31 July 2024

31/7/24 31/7/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 639,742 662,628

CURRENT ASSETS
Debtors 5 482 -
Cash at bank 91,173 124,384
91,655 124,384
CREDITORS
Amounts falling due within one year 6 380,471 442,374
NET CURRENT LIABILITIES (288,816 ) (317,990 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

350,926

344,638

CREDITORS
Amounts falling due after more than one
year

7

(216,145

)

(214,671

)

PROVISIONS FOR LIABILITIES (2,853 ) (3,026 )
NET ASSETS 131,928 126,941

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 131,927 126,940
131,928 126,941

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

WOW COTTAGES LIMITED (REGISTERED NUMBER: 10756047)

BALANCE SHEET - continued
31 July 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 12 February 2025 and were signed on its behalf by:




Mrs H J Whitby - Director



D C Whitby - Director


WOW COTTAGES LIMITED (REGISTERED NUMBER: 10756047)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

WOW Cottages 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.

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 each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 15% on reducing balance and 10% on cost

Freehold property is depreciated using the cost model using a straight line basis over 50 years based on cost less residual value. The depreciation charge is deemed insignificant.

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 profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

WOW COTTAGES LIMITED (REGISTERED NUMBER: 10756047)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 549,009 278,330 827,339
Additions - 3,822 3,822
Disposals - (231 ) (231 )
At 31 July 2024 549,009 281,921 830,930
DEPRECIATION
At 1 August 2023 - 164,711 164,711
Charge for year - 26,501 26,501
Eliminated on disposal - (24 ) (24 )
At 31 July 2024 - 191,188 191,188
NET BOOK VALUE
At 31 July 2024 549,009 90,733 639,742
At 31 July 2023 549,009 113,619 662,628

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Other debtors 482 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Bank loans and overdrafts 16,148 31,087
Trade creditors 3,614 54,121
Taxation and social security 13,040 6,711
Other creditors 347,669 350,455
380,471 442,374

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/7/24 31/7/23
£    £   
Bank loans 216,145 214,671

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 175,076 107,767

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The Directors loan account is included in creditors. The balance owed to the directors at the year end was £346,108 (£347,238 - 2023).