Company Registration No. 10376563 (England and Wales)
Courtyard Barns Limited
Unaudited accounts
for the year ended 31 March 2025
Courtyard Barns Limited
Unaudited accounts
Contents
Courtyard Barns Limited
Company Information
for the year ended 31 March 2025
Directors
Lee Lewis Hooson
Maureen Frances Hooson
Company Number
10376563 (England and Wales)
Registered Office
Shift Works
Royal House
14 Upper Northgate Street
Chester
Cheshire
CH1 4EE
England
Accountants
Power Accountants, Business and Tax Advisors Limited
Royal House, 14 Upper Northgate Street
Chester
CH1 4EE
Courtyard Barns Limited
Statement of financial position
as at 31 March 2025
Inventories
2,877,232
2,877,232
Cash at bank and in hand
92,354
51,958
Creditors: amounts falling due within one year
(626,229)
(606,971)
Net current assets
2,417,396
2,352,662
Total assets less current liabilities
2,417,396
2,405,784
Creditors: amounts falling due after more than one year
(2,469,965)
(2,469,965)
Net liabilities
(52,569)
(64,181)
Called up share capital
2
2
Profit and loss account
(52,571)
(64,183)
Shareholders' funds
(52,569)
(64,181)
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2025 and were signed on its behalf by
Lee Lewis Hooson
Director
Company Registration No. 10376563
Courtyard Barns Limited
Notes to the Accounts
for the year ended 31 March 2025
Courtyard Barns Limited is a private company, limited by shares, registered in England and Wales, registration number 10376563. The registered office is Shift Works, Royal House, 14 Upper Northgate Street, Chester, Cheshire, CH1 4EE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover represents the total income generated from the ordinary activities of the company and is measured at the fair value of consideration received or receivable, excluding value added tax.
The turnover for the year comprises rental income from housing stock (recognised on a straight-line basis over the term of the rental agreements), service charges, and property management fees.
Turnover is recognised when the significant risks and rewards of ownership have been transferred, the amount can be measured reliably, and it is probable that economic benefits will flow to the company.
Inventories comprise housing stock held for sale. Housing stock is stated at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes the purchase price of the property and directly attributable expenditure, including renovation and improvement works that enhance the value of the property or extend its useful economic life.
General repairs and maintenance that do not enhance value or extend the useful economic life of the property are expensed to the profit and loss account within administrative expenses as incurred.
Inventories are reviewed at each reporting date for indicators of impairment. Where the estimated selling price less costs to complete and sell is lower than cost, a provision is made to write inventories down to net realisable value.
Courtyard Barns Limited
Notes to the Accounts
for the year ended 31 March 2025
The financial statements have been prepared on a going concern basis. The Director has assessed the company's ability to continue as a going concern and is satisfied that the company has the necessary funding to meet day-to-day working capital requirements.
The company's ability to continue as a going concern is dependent on the continued support of its directors, who has provided loans and capital injections to the company.
The Director believes that the going concern assumption is appropriate for the preparation of the financial statements.
Related party transactions
The company is exempt from the requirement to disclose related party transactions under Section 1A of FRS 102 as it qualifies as a small entity under the Companies Act 2006.
The directors confirm that there were no related party transactions during the year ended 31 March 2024 which require disclosure in the financial statements.
4
Tangible fixed assets
Motor vehicles
Amounts falling due within one year
Accrued income and prepayments
3,049
3,075
Other debtors
59,222
27,368
Courtyard Barns Limited
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
10,351
9,205
Taxes and social security
1,174
34
Other creditors
60,954
62,176
Loans from directors
452,565
458,894
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
2,469,965
2,469,965
The bank holds a fixed and floating charge over the property Mollington Grange.
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).