Preston Cottage Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 14452597

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		82,340		47,218

			82,340		47,218
CURRENT ASSETS
Debtors	5	13,006		56,776
Cash at bank and in hand		958		500

		13,964		57,276
Creditors: Amounts Falling Due Within One Year	6	(149,849 )		(150,057 )

NET CURRENT ASSETS (LIABILITIES)			(135,885 )		(92,781 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(53,545 )		(45,563 )

NET LIABILITIES			(53,545 )		(45,563 )

CAPITAL AND RESERVES
Called up share capital			100		100
Profit and Loss Account			(53,645 )		(45,663 )

SHAREHOLDERS' FUNDS			(53,545)		(45,563)

For the year ending 31 March 2025 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms Leonora Crawley

Director

3 December 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Preston Cottage Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14452597 . The registered office is The Palace Workspace, 1-3 Roberston Street, Hastings, East Sussex, TN34 1HN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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 rendering of services, rentals and accomodation.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	5 years straight line
Leasehold	10 years straight line
Fixtures & Fittings	5 years straight line

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 1)

4. Tangible Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost
As at 1 April 2024	35,537	17,741	53,278
Additions	39,264	1,148	40,412

As at 31 March 2025	74,801	18,889	93,690

Depreciation
As at 1 April 2024	2,090	3,970	6,060
Provided during the period	2,364	2,926	5,290

As at 31 March 2025	4,454	6,896	11,350

Net Book Value
As at 31 March 2025	70,347	11,993	82,340

As at 1 April 2024	33,447	13,771	47,218

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Preston Cottage Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Other debtors	13,006	56,776

6. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Trade creditors	-	2,794
Amounts owed to participating interests	90,052	73,815
Other creditors	59,797	73,448

	149,849	150,057

7. Related Party Transactions

During the period, the company received a loan from DA Coffey and Associates LLP, a company under the comon control of the director. At the end of the period, the amount owed by the company was 2025: £90,052 (2024: £73,815)

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