Registered number
15327871
Cosy Stays Northumberland Ltd
Unaudited Filleted Accounts
31 December 2024
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
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