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Registration number: 12353685

Prepared for the registrar
York Family Books Ltd trading as Cotswold Book Room
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2025

York Family Books Ltd
trading as Cotswold Book Room

(Registration number: 12353685)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | (As restated) 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 7,044 | 9,317
Tangible assets | 5 | 3,942 | 4,132
|  | 10,986 | 13,449
Current assets |  |  |
Stocks |  | 18,600 | 17,944
Debtors | 6 | 1,028 | 846
Cash at bank and in hand |  | 32,044 | 31,044
|  | 51,672 | 49,834
Creditors: Amounts falling due within one year | 7 | (105,009) | (89,780)
Net current liabilities |  | (53,337) | (39,946)
Net liabilities |  | (42,351) | (26,497)
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | (42,451) | (26,597)
Shareholders' deficit |  | (42,351) | (26,497)

For the financial year ending 31 December 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 provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 April 2026 and signed on its behalf by:

G R J York
Director

York Family Books Ltd
trading as Cotswold Book Room

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

| 1 | General information

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

The address of its registered office is:
Windsor House
Bayshill Road
Cheltenham
Gloucestershire
GL50 3AT

The principal place of business is:
26 Long Street
Wooton-under-Edge
Gloucestershire
GL50 3AT

| 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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

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

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources and financial support from it's directors to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Judgements

No significant judgements or key sources of estimation uncertainty have been made by management in preparing these financial statements.

York Family Books Ltd
trading as Cotswold Book Room

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity, and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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
Furniture, fittings, and equipment | 25% Straight line
Computer equipment | 33% Straight line
Plant and Machinery | 20% Straight line

Goodwill

Goodwill is amortised over its useful life, which shall not exceed five years if a reliable estimate of the useful life cannot be made.

Development costs

Development costs are stated in the statement of financial position at cost, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. It is amortised over its useful economic life.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 10 years straight line
Website development costs | 25% straight line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

York Family Books Ltd
trading as Cotswold Book Room

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

York Family Books Ltd
trading as Cotswold Book Room

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

| 3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

| 4 | Intangible assets

| Goodwill £ | Website development costs £ | Total £
Cost
At 1 January 2025 | 17,500 | 2,093 | 19,593
At 31 December 2025 | 17,500 | 2,093 | 19,593
Amortisation
At 1 January 2025 | 8,750 | 1,526 | 10,276
Amortisation charge | 1,750 | 523 | 2,273
At 31 December 2025 | 10,500 | 2,049 | 12,549
Carrying amount
At 31 December 2025 | 7,000 | 44 | 7,044
At 31 December 2024 | 8,750 | 567 | 9,317

York Family Books Ltd
trading as Cotswold Book Room

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

| 5 | Tangible assets

| Furniture, fittings and equipment £
Cost
At 1 January 2025 | 22,938
Additions | 3,149
Disposals | (4,273)
At 31 December 2025 | 21,814
Depreciation
At 1 January 2025 (as restated) | 18,806
Charge for the period | 2,698
Eliminated on disposal | (3,632)
At 31 December 2025 | 17,872
Carrying amount
At 31 December 2025 | 3,942
At 31 December 2024 | 4,132

York Family Books Ltd
trading as Cotswold Book Room

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Prior period adjustment

An error in the depreciation charge applied to Furniture and Fixtures and Office Equipment has been identified in the prior financial year. Depreciation of £1,432 had been charged in error to fixtures and fittings, and £808 in office equipment in excess of net book values.
The error resulted in an understatement of the carrying value of tangible fixed assets and retained earnings at the prior year end. The error has been corrected in the current year by adjusting the opening balance of retained earnings and the carrying value of tangible fixed assets.
The correction increased opening retained earnings by £2,240. There is no impact on the profit or loss for the current financial year.

| 6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 412 | 305
Other debtors | 616 | 541
| 1,028 | 846

| 7 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 101,351 | 87,112
Trade creditors |  | 872 | 7
Taxation and social security |  | 730 | 280
Accruals and deferred income |  | 1,915 | 1,851
Other creditors |  | 141 | 530
|  | 105,009 | 89,780

| 8 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 101,351 | 87,112

| 9 | Related party transactions

At 31 December 2025, the directors were owed £101,351 (2024: £87,112) in the form of a director's loan account. The loan is unsecured, repayable on demand and no interest is payable.