Hunston Mill Cottages Limited - Filleted accounts

Hunston Mill Cottages Limited
Registered number:		07616012
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		100,339			87,398

Current assets
Debtors	5	1,730			894
Cash at bank and in hand		1,050			343
		2,780			1,237

Creditors: amounts falling due within one year	6	(157,966)			(105,563)

Net current liabilities			(155,186)			(104,326)

Total assets less current liabilities			(54,847)			(16,928)

Creditors: amounts falling due after more than one year	7		(7,678)			(21,313)



Net liabilities			(62,525)			(38,241)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(62,625)			(38,341)

Shareholder's funds			(62,525)			(38,241)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.



Mr M J Lacy
Director
Approved by the board on 10 September 2025

Hunston Mill Cottages Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Going Concern
	The financial statements have been prepared on the going concern basis. The director has confirmed continued support and considers the company has sufficient working capital to continue trading for the forseeable future.

	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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings	not depreciated
	Plant and machinery	20% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			5		5


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 April 2024					25,000
	At 31 March 2025					25,000

	Amortisation
	At 1 April 2024					25,000
	At 31 March 2025					25,000

	Net book value
	At 31 March 2025					-

	Goodwill has been written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	74,818		74,980		149,798
	Additions	1,620		17,298		18,918
	At 31 March 2025	76,438		92,278		168,716

	Depreciation
	At 1 April 2024	-		62,400		62,400
	Charge for the year	-		5,977		5,977
	At 31 March 2025	-		68,377		68,377

	Net book value
	At 31 March 2025	76,438		23,901		100,339
	At 31 March 2024	74,818		12,580		87,398


5	Debtors			2025		2024
£					£

	Other debtors			1,730		894


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			13,233		17,023
	Trade creditors			10,800		2,335
	Taxaton and social security costs			1,866		5,830
	Other creditors			132,067		80,375
				157,966		105,563


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			7,678		21,313


8	Related party transactions			2025		2024
£					£
	Mr & Mrs Lacy
	Mr M J Lacy is the sole director of Hunston Mill Cottages Limited
	Rent paid to Mr & Mrs Lacy			28,000		28,000


9	Other information

	Hunston Mill Cottages Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Demar House, 14 Church Road
	East Wittering
	Chichester
	West Sussex
	PO20 8PS