REGISTERED NUMBER: 12529872 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2025

FOR

THE BIG COTTAGE COMPANY LIMITED

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Chartered accountants' report

6

DIRECTOR:

Mr T M Foster

REGISTERED OFFICE:

Top Floor

St Georges Place

Cheltenham

Gloucestershire

GL50 3PQ

REGISTERED NUMBER:

12529872 (England and Wales)

ACCOUNTANTS:

Mitchell Glanville Limited

2nd Floor

Cumberland House

Oriel Road

Cheltenham

Gloucestershire

GL50 1BB

FIXED ASSETS

Intangible assets

4

625,825

722,106

Tangible assets

5

805,768

793,418

1,431,593

1,515,524

CURRENT ASSETS

Debtors

6

289,505

115,276

Cash at bank

69,073

55,117

358,578

170,393

CREDITORS

Amounts falling due within one year

7

2,529,084

1,994,568

NET CURRENT LIABILITIES

(2,170,506

)

(1,824,175

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(738,913

)

(308,651

)

PROVISIONS FOR LIABILITIES

12,547

16,857

NET LIABILITIES

(751,460

)

(325,508

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(751,461

)

(325,509

)

SHAREHOLDERS' FUNDS

(751,460

)

(325,508

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 5 December 2025 and were signed by:

Mr T M Foster - Director

1.	STATUTORY INFORMATION

The Big Cottage Company 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

A directors review, at the date of this report, has been made and there are no concerns that the company will not be able to meet its current creditor terms and is trading as a going concern for at least the next 12 months, from the date of this report.

Therefore, these accounts have been prepared on the going concern basis, on the understanding that the director and shareholder will continue to financially support the company for the foreseeable future.

TURNOVER

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

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

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

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% 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 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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 31 March 2024

and 30 March 2025

962,808

AMORTISATION

At 31 March 2024

240,702

Amortisation for year

96,281

At 30 March 2025

336,983

NET BOOK VALUE

At 30 March 2025

625,825

At 30 March 2024

722,106

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 31 March 2024

781,707

117,292

3,499

902,498

Additions

169,872

16,733

-

186,605

Reclassification/transfer

(49,752

)

49,752

-

-

At 30 March 2025

901,827

183,777

3,499

1,089,103

DEPRECIATION

At 31 March 2024

55,717

51,613

1,750

109,080

Charge for year

131,326

41,880

1,049

174,255

At 30 March 2025

187,043

93,493

2,799

283,335

NET BOOK VALUE

At 30 March 2025

714,784

90,284

700

805,768

At 30 March 2024

725,990

65,679

1,749

793,418

The directors have decided to reclassify some assets from property improvements to fixtures and fittings during the year. The values remain unchanged and assets are accounted for at cost.

There deprecation policies remain unchanged.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

156,308

14,876

Other debtors

69,477

57,477

Prepayments

63,720

42,923

289,505

115,276

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

112,774

100,340

Amounts owed to associates

1,509,695

1,334,380

Tax

62

45,223

VAT

61,015

44,749

Other creditors

134,262

105,531

Company credit card

1,307

2,165

Accrued expenses

30,571

25,890

Deferred income

679,398

336,290

2,529,084

1,994,568

8.	LEASING AGREEMENTS

The Company had total guarantees and commitments at the balance sheet date of £2,180,795

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £1,509,695 (2024: £1,334,380) to Kate and Tom's Limited, a group company. transactions were at arms length and no interest or repayment terms have been agreed.

The leases for 4 properties managed by the company are held by the group company which also acts as guarantor.

The total commitments as of 31 March 25 were £962,015.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Kate and Tom's Ltd who own 100% of the issued share capital.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Big Cottage Company Limited for the year ended 30 March 2025 which comprise the Income statement, Balance sheet, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of The Big Cottage Company Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Big Cottage Company Limited and state those matters that we have agreed to state to the director of The Big Cottage Company Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Big Cottage Company Limited and its director for our work or for this report.

It is your duty to ensure that The Big Cottage Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Big Cottage Company Limited. You consider that The Big Cottage Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Big Cottage Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Mitchell Glanville Limited

2nd Floor

Cumberland House

Oriel Road

Cheltenham

Gloucestershire

GL50 1BB

Date: .............................................