Cornish Holiday Cottages Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07539479 (England and Wales)

Cornish Holiday Cottages Limited

Unaudited Financial Statements

for the Year Ended 31st March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Ms E J Boriosi

REGISTERED OFFICE:

Cornish Holiday Cottages

The Square

Mawnan Smith

Falmouth

Cornwall

TR11 5EP

REGISTERED NUMBER:

07539479 (England and Wales)

ACCOUNTANTS:

Hodgsons

Chartered Accountants

48 Arwenack Street

Falmouth

Cornwall

TR11 3JH

FIXED ASSETS

Intangible assets

4

-

6,082

Tangible assets

5

133,223

38,639

133,223

44,721

CURRENT ASSETS

Debtors

6

106,460

93,111

Cash at bank and in hand

201,078

335,331

307,538

428,442

CREDITORS

Amounts falling due within one year

7

(53,009

)

(61,027

)

NET CURRENT ASSETS

254,529

367,415

TOTAL ASSETS LESS CURRENT
LIABILITIES

387,752

412,136

PROVISIONS FOR LIABILITIES

(3,949

)

(8,112

)

NET ASSETS

383,803

404,024

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

383,802

404,023

SHAREHOLDERS' FUNDS

383,803

404,024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th October 2025 and were signed by:

Ms E J Boriosi - Director

1.	STATUTORY INFORMATION

Cornish Holiday Cottages Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents commission charged on monies received from guests excluding value added tax at the applicable rate.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Website costs are being amortisied at 20% per annum in order to write off the asset over its estimated useful life.

Tangible fixed assets

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

Freehold property

-

2% on cost and not provided for on Land

Improvements to property

-

10% on cost

Computer and office equipment

-

25% on cost and 10% on cost

Furniture and fixtures

-

20% on cost

Motor vehicles

-

25% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

Website

Totals

£

COST

At 1st April 2024

and 31st March 2025

10,000

30,415

40,415

AMORTISATION

At 1st April 2024

10,000

24,333

34,333

Amortisation for year

-

6,082

At 31st March 2025

10,000

30,415

40,415

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

6,082

5.	TANGIBLE FIXED ASSETS

Computer

Improvements

and

Freehold

to

office

property

equipment

£

COST

At 1st April 2024

-

16,310

15,734

Additions

107,502

-

Disposals

-

(2,181

)

At 31st March 2025

107,502

16,310

13,553

DEPRECIATION

At 1st April 2024

-

6,347

10,573

Charge for year

-

1,631

2,224

Eliminated on disposal

-

(2,181

)

At 31st March 2025

-

7,978

10,616

NET BOOK VALUE

At 31st March 2025

107,502

8,332

2,937

At 31st March 2024

-

9,963

5,161

Furniture

and

Motor

fixtures

vehicles

Totals

£

COST

At 1st April 2024

13,217

54,000

99,261

Additions

-

3,800

111,302

Disposals

(1,277

)

-

(3,458

)

At 31st March 2025

11,940

57,800

207,105

DEPRECIATION

At 1st April 2024

11,302

32,400

60,622

Charge for year

1,303

11,560

16,718

Eliminated on disposal

(1,277

)

-

(3,458

)

At 31st March 2025

11,328

43,960

73,882

NET BOOK VALUE

At 31st March 2025

612

13,840

133,223

At 31st March 2024

1,915

21,600

38,639

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

39,362

31,847

Other debtors

8,413

3,320

Directors' current accounts

57,286

57,944

Prepayments

1,399

-

106,460

93,111

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

10,850

12,440

Tax

21,922

27,693

Social security and other taxes

3,345

VAT

14,322

15,078

Other creditors

-

21

Accruals and deferred income

2,570

2,450

53,009

61,027

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

8,000

Between one and five years

30,926

32,000

In more than five years

-

6,926

38,926

46,926

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

2025

2024

£

Ms E J Boriosi

Balance outstanding at start of year

57,944

740

Amounts advanced

57,286

57,944

Amounts repaid

(57,944

)

(740

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

57,286

57,944

The director's advances and repayments shown above represent the total of various transactions during the year. Interest of £346 (2024: £214) has been charged in the year in accordance with the approved HMRC rates.