Company registration number 11904843 (England and Wales)
COTSWOLD STONE HOMES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
COTSWOLD STONE HOMES LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
COTSWOLD STONE HOMES LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
31 August 2024
31 August 2023
Notes
£
£
£
£
Current assets
Stocks
218,508
202,898
Debtors
228,144
345,569
Cash at bank and in hand
138
176
446,790
548,643
Creditors: amounts falling due within one year
(266,754)
(344,200)
Net current assets
180,036
204,443
Creditors: amounts falling due after more than one year
(35,886)
(43,401)
Net assets
144,150
161,042
Capital and reserves
Called up share capital
3
3
3
Profit and loss reserves
4
144,147
161,039
Total equity
144,150
161,042

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 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.

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 29 August 2025
Mr S N Barber
Director
Company registration number 11904843 (England and Wales)
COTSWOLD STONE HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information

Cotswold Stone Homes Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 5 Suffolk Parade, Cheltenham, Gloucestershire, England, GL50 2AB.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is measured at the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 

Sales of development properties are recognised on completion. In the event that the construction took greater than twelve months to complete, interim profits are recognised as turnover where appropriate. Deposits are treated as income in advance and released to turnover on completion.

1.4
Stocks

Work in progress is valued at the lower of cost and net realisable value.

 

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

1.5
Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

COTSWOLD STONE HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
Ordinary shares of £1 each
3
3
4
Profit and loss reserves
2024
2023
£
£
At the beginning of the year
161,039
187,265
Adjusted balance
161,039
187,265
Loss for the year
(16,892)
(26,226)
At the end of the year
144,147
161,039
COTSWOLD STONE HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
5
Related party transactions

Miss K Korotkova

Shareholder in parent company

 

In a previous period Miss Korotkova lent the company £261,502 as working capital. During the year, the company repaid the related party £76,935. The amount is unsecured, interest-free and repayable on demand. The amount due to the related party at the year end was £184,567 (2023: £261,502).

 

Miss O Panchuk

Shareholder in parent company

 

In a previous period, Miss Panchuk lent the company £20,000 for working capital. During the year, the company repaid Miss Panchuk in full. This amount is unsecured, interest-free and repayable on demand. The amount due to the related party at the year end was £nil (2023: £20,000).

 

Period House Builders Ltd

Ultimate parent company

 

In a previous period, the company loaned Period House Builders Ltd £345,364 as working capital. During the year the related party repaid the company £117,256. This amount is unsecured, interest-free and repayable on demand. The amount due to the related party at the year end was £228,108 (2023: £345,364).

 

Mr S Barber

Sole director of the company

 

In a previous period, Mr Barber loaned the company £9,136 as working capital. During the year the company repaid Mr Barber in full and loaned £392. The amount due from the related party at the year end was £392(2023 due to the related party: £9,136). This amount is unsecured, interest-free and repayable on demand. The amount was repaid in full within 9 months of the year end.

 

6
Ultimate controlling party

The ultimate controlling party is Period House Builders Ltd.

 

The company became a wholly-owned subsidiary of Period House Builders Ltd, a company registered in England and Wales under number 11521164, during the year.

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