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REGISTERED NUMBER: 13906538 (England and Wales)















ROBIN HILL FARM COTTAGES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






ROBIN HILL FARM COTTAGES LIMITED (REGISTERED NUMBER: 13906538)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ROBIN HILL FARM COTTAGES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs S J Jameson
A M Jameson





REGISTERED OFFICE: 37 Mill Street
Bideford
DEVON
EX39 2JJ





REGISTERED NUMBER: 13906538 (England and Wales)





ACCOUNTANTS: Jane Maynard Limited
T/A Maynard Johns
37 Mill Street
Bideford
DEVON
EX39 2JJ

ROBIN HILL FARM COTTAGES LIMITED (REGISTERED NUMBER: 13906538)

ABRIDGED BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 21,409 27,187
Investment property 5 1,650,000 1,586,053
1,671,409 1,613,240

CURRENT ASSETS
Stocks 340 300
Debtors 105 2,212
Cash at bank 5,175 3,966
5,620 6,478
CREDITORS
Amounts falling due within one year (1,091,872 ) (1,054,509 )
NET CURRENT LIABILITIES (1,086,252 ) (1,048,031 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

585,157

565,209

CREDITORS
Amounts falling due after more than one
year

6

(552,331

)

(580,057

)
NET ASSETS/(LIABILITIES) 32,826 (14,848 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32,726 (14,948 )
32,826 (14,848 )

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

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

ROBIN HILL FARM COTTAGES LIMITED (REGISTERED NUMBER: 13906538)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 March 2025 and were signed on its behalf by:




A M Jameson - Director



Mrs S J Jameson - Director


ROBIN HILL FARM COTTAGES LIMITED (REGISTERED NUMBER: 13906538)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Robin Hill Farm 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 as modified by the revaluation of certain assets.

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 - 33% on cost, 25% on cost, 20% on reducing balance and 10% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

ROBIN HILL FARM COTTAGES LIMITED (REGISTERED NUMBER: 13906538)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 34,884
Additions 130
Disposals (347 )
At 31 December 2024 34,667
DEPRECIATION
At 1 January 2024 7,697
Charge for year 5,596
Eliminated on disposal (35 )
At 31 December 2024 13,258
NET BOOK VALUE
At 31 December 2024 21,409
At 31 December 2023 27,187

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 1,586,053
Revaluations 63,947
At 31 December 2024 1,650,000
NET BOOK VALUE
At 31 December 2024 1,650,000
At 31 December 2023 1,586,053

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 63,947
Cost 1,586,053
1,650,000

Investment property was valued on an open market basis by Stags estate agent in January 2025.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 480,547 580,057

ROBIN HILL FARM COTTAGES LIMITED (REGISTERED NUMBER: 13906538)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage 568,436 580,057

The Mortgage is secured by fixed charges over the company's present and future assets

8. RELATED PARTY DISCLOSURES

At the year end the Company owed £1,057,407 (2023: £1,040,370) to the directors. This is an unsecured loan and interest was not charged.