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Company Registration No. 10376563 (England and Wales)
Courtyard Barns Limited Unaudited accounts for the year ended 31 March 2024
Courtyard Barns Limited Unaudited accounts Contents
Page
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Courtyard Barns Limited Company Information for the year ended 31 March 2024
Directors
Maureen Frances Hooson Lee Lewis Hooson
Company Number
10376563 (England and Wales)
Registered Office
Shift Works Royal House 14 Upper Northgate Street Chester Cheshire CH1 4EE England
Accountants
Power Accountants, Business and Tax Advisors Limited Royal House, 14 Upper Northgate Street Chester CH1 4EE
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Courtyard Barns Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
53,122 
57,539 
Current assets
Inventories
2,877,232 
2,862,411 
Debtors
30,443 
1,776 
Cash at bank and in hand
51,958 
14,035 
2,959,633 
2,878,222 
Creditors: amounts falling due within one year
(606,971)
(478,655)
Net current assets
2,352,662 
2,399,567 
Total assets less current liabilities
2,405,784 
2,457,106 
Creditors: amounts falling due after more than one year
(2,469,965)
(2,469,965)
Net liabilities
(64,181)
(12,859)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(64,183)
(12,861)
Shareholders' funds
(64,181)
(12,859)
For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by
Lee Lewis Hooson Director Company Registration No. 10376563
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Courtyard Barns Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Courtyard Barns Limited is a private company, limited by shares, registered in England and Wales, registration number 10376563. The registered office is Shift Works, Royal House, 14 Upper Northgate Street, Chester, Cheshire, CH1 4EE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Turnover
Turnover represents the total income generated from the ordinary activities of the company and is measured at the fair value of consideration received or receivable, excluding value added tax. The turnover for the year comprises rental income from housing stock (recognised on a straight-line basis over the term of the rental agreements), service charges, and property management fees. Turnover is recognised when the significant risks and rewards of ownership have been transferred, the amount can be measured reliably, and it is probable that economic benefits will flow to the company.
Inventories
Inventories comprise housing stock held for sale. Housing stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes the purchase price of the property and directly attributable expenditure, including renovation and improvement works that enhance the value of the property or extend its useful economic life. General repairs and maintenance that do not enhance value or extend the useful economic life of the property are expensed to the profit and loss account within administrative expenses as incurred. Inventories are reviewed at each reporting date for indicators of impairment. Where the estimated selling price less costs to complete and sell is lower than cost, a provision is made to write inventories down to net realisable value.
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Courtyard Barns Limited Notes to the Accounts for the year ended 31 March 2024
Going concern
The financial statements have been prepared on a going concern basis. The Director has assessed the company's ability to continue as a going concern and is satisfied that the company has the necessary funding to meet day-to-day working capital requirements. The company's ability to continue as a going concern is dependent on the continued support of its directors, who has provided loans and capital injections to the company. The Director believes that the going concern assumption is appropriate for the preparation of the financial statements.
Related party transactions
The company is exempt from the requirement to disclose related party transactions under Section 1A of FRS 102 as it qualifies as a small entity under the Companies Act 2006. The directors confirm that there were no related party transactions during the year ended 31 March 2024 which require disclosure in the financial statements.
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2023
61,004 
Additions
62,671 
Disposals
(52,671)
At 31 March 2024
71,004 
Depreciation
At 1 April 2023
3,465 
Charge for the year
17,708 
On disposals
(3,291)
At 31 March 2024
17,882 
Net book value
At 31 March 2024
53,122 
At 31 March 2023
57,539 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
3,075 
1,776 
Other debtors
27,368 
- 
30,443 
1,776 
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Courtyard Barns Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
23,149 
25,477 
Trade creditors
9,205 
22,715 
Taxes and social security
34 
1,301 
Other creditors
62,176 
56,424 
Loans from directors
458,894 
315,861 
Accruals
53,513 
56,877 
606,971 
478,655 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,469,965 
2,469,965 
The bank holds a fixed and floating charge over the property Mollington Grange.
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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