REGISTERED NUMBER: 13486322 (England and Wales)

Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

HIGHLAND HOLIDAY COTTAGES LTD

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

A Luckhurst

Mrs L J Luckhurst

REGISTERED OFFICE:

19 North Street

Ashford

Kent

TN24 8LF

REGISTERED NUMBER:

13486322 (England and Wales)

ACCOUNTANTS:

Calcutt Matthews WBZ Ltd

19 North Street

Ashford

Kent

TN24 8LF

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

A Luckhurst

Mrs L J Luckhurst

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

A Luckhurst - Director

7 March 2025

TURNOVER

164,344

164,389

Cost of sales

20,723

21,623

GROSS PROFIT

143,621

142,766

Administrative expenses

89,946

68,340

OPERATING PROFIT

4

53,675

74,426

Interest payable and similar expenses

79,512

65,996

(LOSS)/PROFIT BEFORE TAXATION

(25,837

)

8,430

Tax on (loss)/profit

(4,848

)

-

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(20,989

)

8,430

FIXED ASSETS

Tangible assets

5

84,087

4,274

Investment property

6

1,139,682

1,139,682

1,223,769

1,143,956

CURRENT ASSETS

Debtors

7

4,451

832

Cash at bank and in hand

60

12,096

4,511

12,928

CREDITORS

Amounts falling due within one year

8

78,035

722,445

NET CURRENT LIABILITIES

(73,524

)

(709,517

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,150,245

434,439

CREDITORS

Amounts falling due after more than one year

9

1,146,795

410,000

NET ASSETS

3,450

24,439

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,350

24,339

3,450

24,439

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2025 and were signed on its behalf by:

Mrs L J Luckhurst - Director

1.	STATUTORY INFORMATION

Highland Holiday Cottages Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.12.24

31.12.23

£

£

Depreciation - owned assets

971

1,173

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

5,904

Additions

80,784

At 31 December 2024

86,688

DEPRECIATION

At 1 January 2024

1,630

Charge for year

971

At 31 December 2024

2,601

NET BOOK VALUE

At 31 December 2024

84,087

At 31 December 2023

4,274

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

1,139,682

NET BOOK VALUE

At 31 December 2024

1,139,682

At 31 December 2023

1,139,682

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

3,685

832

Other debtors

766

-

4,451

832

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

3

660,289

Trade creditors

557

250

Taxation and social security

(963

)

3,471

Other creditors

78,438

58,435

78,035

722,445

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

736,795

-

Other creditors

410,000

410,000

1,146,795

410,000