Company registration number 14379023 (England and Wales)
The Cottage Inn Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 September 2024
PAGES FOR FILING WITH REGISTRAR
The Cottage Inn Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
The Cottage Inn Limited
Statement Of Financial Position
as at 30 September 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
32,000
36,000
Tangible assets
4
363,594
364,294
395,594
400,294
Current assets
Stocks
6,731
5,867
Debtors
7,219
15,437
Cash at bank and in hand
48,221
59,209
62,171
80,513
Creditors: amounts falling due within one year
(253,099)
(274,648)
Net current liabilities
(190,928)
(194,135)
Total assets less current liabilities
204,666
206,159
Creditors: amounts falling due after more than one year
(203,285)
(205,232)
Net assets
1,381
927
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,281
827
Total equity
1,381
927
The Cottage Inn Limited
Statement Of Financial Position (continued)
as at 30 September 2024
30 September 2024
- 2 -

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 11 March 2025 and are signed on its behalf by:
L Watson
Director
Company registration number 14379023 (England and Wales)
The Cottage Inn Limited
Notes to the financial statements
for the year ended 30 September 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is ten years.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
This asset is not depreciated
Fixtures and fittings
20% reducing balance basis
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

The Cottage Inn Limited
Notes to the financial statements (continued)
for the year ended 30 September 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
5
5
3
Intangible fixed assets
Total
£
Cost
At 1 October 2023 and 30 September 2024
40,000
Amortisation and impairment
At 1 October 2023
4,000
Amortisation charged for the year
4,000
At 30 September 2024
8,000
Carrying amount
At 30 September 2024
32,000
At 30 September 2023
36,000
4
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 October 2023 and 30 September 2024
360,794
4,375
365,169
Depreciation and impairment
At 1 October 2023
-
0
875
875
Depreciation charged in the year
-
0
700
700
At 30 September 2024
-
0
1,575
1,575
Carrying amount
At 30 September 2024
360,794
2,800
363,594
At 30 September 2023
360,794
3,500
364,294
5
Company information

The Cottage Inn Limited is a private company limited by shares incorporated in England and Wales. The registered office is 25 Cross Hill, Hunmanby, Filey, North Yorkshire, United Kingdom, YO14 0JT.

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