| Cosy Stays Northumberland Ltd |
| Registered number: |
15327871 |
| Balance Sheet |
| as at 31 December 2024 |
|
| Notes |
|
|
2024 |
|
| £ |
|
| Fixed assets |
| Tangible assets |
3 |
|
|
994 |
| Investment properties |
4 |
|
|
82,580 |
|
|
|
|
83,574 |
|
|
| Current assets |
| Cash at bank and in hand |
|
|
11,224 |
|
|
|
11,224 |
|
|
|
| Creditors: amounts falling due within one year |
5 |
|
(85,089) |
|
| Net current liabilities |
|
|
|
(73,865) |
|
|
| Total assets less current liabilities |
|
|
|
9,709 |
|
|
| Provisions for liabilities |
|
|
|
(189) |
|
|
| Net assets |
|
|
|
9,520 |
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
| Profit and loss account |
|
|
|
9,518 |
|
| Shareholders' funds |
|
|
|
9,520 |
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| S J Hetherington |
| Director |
| Approved by the board on 23 May 2025 |
|
| Cosy Stays Northumberland Ltd |
| Notes to the Accounts |
| for the period from 4 December 2023 to 31 December 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention, modified to include investment property at fair value and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents the rent received from lettings of residential properties. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings, tools and equipment |
over 4 years |
|
|
Investment properties |
|
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are included in the profit and loss account. |
|
|
Impairment of fixed assets |
|
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
|
|
|
|
|
|
|
| 2 |
Employees |
2024 |
|
| Number |
|
|
|
Average number of persons employed by the company |
2 |
|
(including directors) |
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
Plant and machinery etc |
|
Total |
| £ |
£ |
|
Cost |
|
Additions |
1,325 |
|
1,325 |
|
At 31 December 2024 |
1,325 |
|
1,325 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the period |
331 |
|
331 |
|
At 31 December 2024 |
331 |
|
331 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2024 |
994 |
|
994 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Investment properties |
|
| Investment |
| property |
Total |
| £ |
£ |
|
Fair value |
|
Additions |
82,580 |
|
82,580 |
|
|
At 31 December 2024 |
82,580 |
|
82,580 |
|
|
|
|
|
|
|
|
|
|
Investment property comprise freehold property. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 December 2024 by the directors. |
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
| £ |
|
|
|
Taxation and social security costs |
2,044 |
|
Other creditors |
83,045 |
|
|
|
|
|
|
85,089 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Directors loans |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
S J Hetherington |
|
Directors loan |
- |
|
2,002 |
|
(84,173) |
|
(82,171) |
|
|
|
|
- |
|
2,002 |
|
(84,173) |
|
(82,171) |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Cosy Stays Northumberland Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
40 Reavley Avenue |
|
Bedlington |
|
Northumberland |
|
NE22 7ES |