Courtyard Cottages (Denbury) Management Company Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Courtyard Cottages (Denbury) Management Company Limited

Company Information

Directors

Mr Michael Perryman Mrs Sharon Perryman

Registered office

Sigma House Oak View Close Edginswell Lane Torquay Devon TQ2 7FF

Accountants

Francis Clark LLP Sigma House Oak View Close Edginswell Park Torquay Devon TQ2 7FF

Courtyard Cottages (Denbury) Management Company Limited

Balance Sheet

31 March 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	5	2,370,000	2,520,000
Current assets
Debtors	6	1,801	1,600
Cash at bank and in hand		154,726	20,820
		156,527	22,420
Creditors: Amounts falling due within one year	7	(981,332)	(1,011,640)
Net current liabilities		(824,805)	(989,220)
Total assets less current liabilities		1,545,195	1,530,780
Provisions for liabilities		(263,801)	(270,156)
Net assets		1,281,394	1,260,624
Capital and reserves
Called up share capital	10	100	100
Profit and loss account		1,281,294	1,260,524
Shareholders' funds		1,281,394	1,260,624

Courtyard Cottages (Denbury) Management Company Limited

Balance Sheet

31 March 2025 (continued)

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 22 December 2025 and signed on its behalf by:
 

......................................... Mr Michael Perryman Director

Company Registration Number: 07463312

Courtyard Cottages (Denbury) Management Company Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Sigma House
Oak View Close
Edginswell Lane
Torquay
Devon
TQ2 7FF

The principal place of business is:
Denbury Diesels
Totnes Road
Newton Abbot
Devon
TQ12 5NE

These financial statements were authorised for issue by the Board on 22 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional currency of the company is considered to be pounds sterling because that is the currency of the primary economic environment in which the company operates.

Revenue recognition

Turnover represents rents receivable in the year, rent is recognised in the period it relates to.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Courtyard Cottages (Denbury) Management Company Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is moe likely than not to be recovered based on current or future taxable profit.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% Straight Line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The director uses observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

Courtyard Cottages (Denbury) Management Company Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025 (continued)

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
At 1 April 2024	7,000	7,000
At 31 March 2025	7,000	7,000
Depreciation
At 1 April 2024	7,000	7,000
At 31 March 2025	7,000	7,000
Carrying amount
At 31 March 2025	-	-
At 31 March 2024	-	-

5	Investment properties

	2025 £
At 1 April 2024	2,520,000
Disposals	(150,000)
At 31 March 2025	2,370,000