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REGISTERED NUMBER: 04580407 (England and Wales)















Financial Statements for the Year Ended 31st May 2024

for

Courtyards Direct Limited

Courtyards Direct Limited (Registered number: 04580407)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Courtyards Direct Limited

Company Information
for the Year Ended 31st May 2024







DIRECTORS: Mr K M Walker
Mr V D Walker





REGISTERED OFFICE: 39a Cefn Coed Road
Cyncoed
Cardiff
CF23 6AP





REGISTERED NUMBER: 04580407 (England and Wales)

Courtyards Direct Limited (Registered number: 04580407)

Balance Sheet
31st May 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 56,325 56,433
Investment property 5 1,050,000 1,000,000
1,106,325 1,056,433

CURRENT ASSETS
Cash at bank 42,809 38,517

CREDITORS
Amounts falling due within one year 6 34,986 36,307
NET CURRENT ASSETS 7,823 2,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,114,148

1,058,643

CREDITORS
Amounts falling due after more than one
year

7

(557,660

)

(574,910

)

PROVISIONS FOR LIABILITIES (41,485 ) (23,188 )
NET ASSETS 515,003 460,545

CAPITAL AND RESERVES
Called up share capital 22 22
Fair value reserve 9 124,453 92,750
Retained earnings 390,528 367,773
SHAREHOLDERS' FUNDS 515,003 460,545

Courtyards Direct Limited (Registered number: 04580407)

Balance Sheet - continued
31st May 2024


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

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

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 and Director's report. has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd May 2025 and were signed on its behalf by:





Mr K M Walker - Director


Courtyards Direct Limited (Registered number: 04580407)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Courtyards Direct 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 - 15% on reducing balance

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.

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.


Courtyards Direct Limited (Registered number: 04580407)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

2. ACCOUNTING POLICIES - continued
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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st June 2023
and 31st May 2024 55,718 15,809 71,527
DEPRECIATION
At 1st June 2023 - 15,094 15,094
Charge for year - 108 108
At 31st May 2024 - 15,202 15,202
NET BOOK VALUE
At 31st May 2024 55,718 607 56,325
At 31st May 2023 55,718 715 56,433

Included in cost of land and buildings is freehold land of £ 55,718 (2023 - £ 55,718 ) which is not depreciated.

Courtyards Direct Limited (Registered number: 04580407)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st June 2023 1,000,000
Revaluations 50,000
At 31st May 2024 1,050,000
NET BOOK VALUE
At 31st May 2024 1,050,000
At 31st May 2023 1,000,000

The investment properties were valued on an open market basis as at 31st May 2024 by the directors.

Fair value at 31st May 2024 is represented by:
£   
Valuation in 2004 353,933
Valuation in 2008 62,005
Valuation in 2009 50,000
Valuation in 2013 (262,005 )
Valuation in 2019 (87,995 )
Valuation in 2024 50,000
Cost 884,062
1,050,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 21,250 25,000
Trade creditors 3,519 2,246
Taxation and social security 5,398 4,703
Other creditors 4,819 4,358
34,986 36,307

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 557,660 574,910

Courtyards Direct Limited (Registered number: 04580407)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 464,910 464,910

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 578,910 599,910

Bank loans and mortgage debt are secured by way of a fixed and floating charge over all of the company's property and assets.

9. RESERVES
Fair
value
reserve
£   
At 1st June 2023 92,750
Movement in the year 31,703

At 31st May 2024 124,453

The movement in the revaluation reserve includes a provision for deferred tax should the investment property be disposed of at its fair value as at 31st May 2024.