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REGISTERED NUMBER: 11408869 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

HERDWICK COTTAGES LTD

HERDWICK COTTAGES LTD (REGISTERED NUMBER: 11408869)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HERDWICK COTTAGES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: T Knipe
A Stephenson





REGISTERED OFFICE: Suite 5, The Mintworks
124 Highgate
Kendal
Cumbria
LA9 4HE





REGISTERED NUMBER: 11408869 (England and Wales)





ACCOUNTANTS: Christian Douglass Accountants Limited
Chartered Accountants
The Old Stables
Edenhall
Penrith
CA11 8ST

HERDWICK COTTAGES LTD (REGISTERED NUMBER: 11408869)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,483 11,117
Tangible assets 5 42,841 52,209
53,324 63,326

CURRENT ASSETS
Debtors 6 73,578 37,562
Cash at bank 568,440 417,206
642,018 454,768
CREDITORS
Amounts falling due within one year 7 587,559 421,141
NET CURRENT ASSETS 54,459 33,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,783

96,953

CREDITORS
Amounts falling due after more than one year 8 (13,841 ) (23,559 )

PROVISIONS FOR LIABILITIES (13,331 ) (15,831 )
NET ASSETS 80,611 57,563

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 80,609 57,561
SHAREHOLDERS' FUNDS 80,611 57,563

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

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

HERDWICK COTTAGES LTD (REGISTERED NUMBER: 11408869)

BALANCE SHEET - continued
30 JUNE 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 25 March 2025 and were signed on its behalf by:




T Knipe - Director



A Stephenson - Director


HERDWICK COTTAGES LTD (REGISTERED NUMBER: 11408869)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Herdwick Cottages Ltd is a private company, limited by shares, registered in England and Wales. The company's registration number is 11408869 and its registered office address is Suite 5, The Mintworks, 124 Highgate, Kendal, Cumbria, LA9 5HE.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

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 - 20% on reducing balance and 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

HERDWICK COTTAGES LTD (REGISTERED NUMBER: 11408869)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023 20,981
Additions 2,860
At 30 June 2024 23,841
AMORTISATION
At 1 July 2023 9,864
Charge for year 3,494
At 30 June 2024 13,358
NET BOOK VALUE
At 30 June 2024 10,483
At 30 June 2023 11,117

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 76,618
Additions 504
At 30 June 2024 77,122
DEPRECIATION
At 1 July 2023 24,409
Charge for year 9,872
At 30 June 2024 34,281
NET BOOK VALUE
At 30 June 2024 42,841
At 30 June 2023 52,209

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 41,603 27,473
Other debtors 31,975 10,089
73,578 37,562

HERDWICK COTTAGES LTD (REGISTERED NUMBER: 11408869)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 10,211 9,718
Trade creditors 17,298 17,509
Taxation and social security 43,146 32,876
Other creditors 516,904 361,038
587,559 421,141

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 13,841 23,559