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Company registration number: 13004043
COSY COTTAGE LETTINGS LIMITED
30 November 2024
HEYWOODS
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
COSY COTTAGE LETTINGS LIMITED
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
COSY COTTAGE LETTINGS LIMITED
DIRECTORS AND OTHER INFORMATION
Directors Mrs C W Turner
Mr L A Turner
Company number 13004043
Registered office Countrywide House
Knights Way
Shrewsbury
SY1 3AB
Business address 4 Pontesford Hill
Pontesbury
Shrewsbury
Shropshire
SY5 0UH
Accountants Heywoods
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
COSY COTTAGE LETTINGS LIMITED
CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF COSY COTTAGE LETTINGS LIMITED
YEAR ENDED 30TH NOVEMBER 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cosy Cottage Lettings Limited for the year ended 30 November 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Cosy Cottage Lettings Limited, as a body, in accordance with the terms of our engagement letter dated 17 November 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Cosy Cottage Lettings Limited and state those matters that we have agreed to state to the board of directors of Cosy Cottage Lettings Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cosy Cottage Lettings Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Cosy Cottage Lettings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Cosy Cottage Lettings Limited. You consider that Cosy Cottage Lettings Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Cosy Cottage Lettings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Heywoods
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
5 April 2025
COSY COTTAGE LETTINGS LIMITED
STATEMENT OF FINANCIAL POSITION
30TH NOVEMBER 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 278,663 279,222
_______ _______
278,663 279,222
Current assets
Debtors 6 1,188 805
Cash at bank and in hand 2,203 11
_______ _______
3,391 816
Creditors: amounts falling due
within one year 7 ( 288,274) ( 285,944)
_______ _______
Net current liabilities ( 284,883) ( 285,128)
_______ _______
Total assets less current liabilities ( 6,220) ( 5,906)
Provisions for liabilities ( 600) ( 706)
_______ _______
Net liabilities ( 6,820) ( 6,612)
_______ _______
Capital and reserves
Called up share capital 4 4
Profit and loss account ( 6,824) ( 6,616)
_______ _______
Shareholders deficit ( 6,820) ( 6,612)
_______ _______
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 28 March 2025 , and are signed on behalf of the board by:
Mrs C W Turner Mr L A Turner
Director Director
Company registration number: 13004043
COSY COTTAGE LETTINGS LIMITED
STATEMENT OF CHANGES IN EQUITY
YEAR ENDED 30TH NOVEMBER 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 December 2022 4 ( 1,816) ( 1,812)
Loss for the year ( 4,800) ( 4,800)
_______ _______ _______
Total comprehensive income for the year - ( 4,800) ( 4,800)
_______ _______ _______
At 30 November 2023 and 1 December 2023 4 ( 6,616) ( 6,612)
Loss for the year ( 208) ( 208)
_______ _______ _______
Total comprehensive income for the year - ( 208) ( 208)
_______ _______ _______
At 30 November 2024 4 ( 6,824) ( 6,820)
_______ _______ _______
COSY COTTAGE LETTINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30TH NOVEMBER 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Countrywide House, Knights Way, Shrewsbury, SY1 3AB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company is insolvent and dependant upon the continued support of the directors.
Turnover
Turnover is measured at the value of the consideration received or receivable for services supplied, net of discounts.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 15 % reducing balance
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Freehold property Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 December 2023 and 30 November 2024 275,502 5,625 281,127
_______ _______ _______
Depreciation
At 1 December 2023 - 1,906 1,906
Charge for the year - 558 558
_______ _______ _______
At 30 November 2024 - 2,464 2,464
_______ _______ _______
Carrying amount
At 30 November 2024 275,502 3,161 278,663
_______ _______ _______
At 30 November 2023 275,502 3,719 279,221
_______ _______ _______
6. Debtors
2024 2023
£ £
Other debtors 1,188 805
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors 288,274 285,944
_______ _______
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr L A Turner ( 549) ( 126) ( 675)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr L A Turner ( 423) ( 126) ( 549)
_______ _______ _______