OAKELEY ARMS COTTAGES LIMITED

Unaudited Financial Statements

for the Year Ended 31st March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

O W Vanstone

Miss T M Vanstone

REGISTERED OFFICE:

Tan Y Bwlch

Maentwrog

Blaenau Ffestiniog

Gwynedd

LL41 3YU

REGISTERED NUMBER:

10139579 (England and Wales)

ACCOUNTANTS:

DJH Wirral & Chester Limited

1 Abbots Quay

Monks Ferry

Birkenhead

CH41 5LH

FIXED ASSETS

Tangible assets

4

7,289

9,111

CURRENT ASSETS

Debtors

5

55

55

Cash at bank

152,780

105,449

152,835

105,504

CREDITORS

Amounts falling due within one year

6

131,147

95,797

NET CURRENT ASSETS

21,688

9,707

TOTAL ASSETS LESS CURRENT LIABILITIES

28,977

18,818

CREDITORS

Amounts falling due after more than one year

7

(951

)

(5,664

)

PROVISIONS FOR LIABILITIES

(573

)

(1,731

)

NET ASSETS

27,453

11,423

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

27,253

11,223

27,453

11,423

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 directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd December 2025 and were signed on its behalf by:

Miss T M Vanstone - Director

1.	STATUTORY INFORMATION

Oakeley Arms 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.

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

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Debtors

Short term debtors are measured at transition price, less any impairment. Loans are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors

Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to/from related parties.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st April 2024

and 31st March 2025

7,370

1,574

15,250

24,194

DEPRECIATION

At 1st April 2024

3,596

1,234

10,253

15,083

Charge for year

755

68

999

1,822

At 31st March 2025

4,351

1,302

11,252

16,905

NET BOOK VALUE

At 31st March 2025

3,019

272

3,998

7,289

At 31st March 2024

3,774

340

4,997

9,111

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

55

55

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,250

4,250

Taxation and social security

4,131

4,293

Other creditors

122,766

87,254

131,147

95,797

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

951

5,664

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 were paid to the directors .

Included in other creditors is the sum of £92,855 (2024 - £68,696) owed from Oakeley Arms Hotel Limited, a company in which Mr C and Mrs A M Vanstone, former directors and shareholders of the company, are also directors and shareholders.

Included in creditors is the sum of £9,907 (2024 - £481) and £9,907 (2024 - £481) owing to O W Vanstone and Miss T M Vanstone, company directors and shareholders.