REGISTERED NUMBER: 08620357 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

COTTAGEFIELD STABLES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T F Lacey

REGISTERED OFFICE:

Sapness Farm

Woolhope

Herefordshire

HR1 4RJ

REGISTERED NUMBER:

08620357 (England and Wales)

ACCOUNTANTS:

Banks & Co Limited

Chartered Certified Accountants

1 Carnegie Road

Newbury

Berkshire

RG14 5DJ

FIXED ASSETS

Tangible assets

4

2,872,421

2,823,954

CURRENT ASSETS

Stocks

79,494

39,291

Debtors

5

423,632

735,017

Cash at bank and in hand

239,933

84,055

743,059

858,363

CREDITORS

Amounts falling due within one year

6

392,299

289,048

NET CURRENT ASSETS

350,760

569,315

TOTAL ASSETS LESS CURRENT LIABILITIES

3,223,181

3,393,269

CREDITORS

Amounts falling due after more than one year

7

(2,519,199

)

(2,500,000

)

PROVISIONS FOR LIABILITIES

(45,469

)

(33,106

)

NET ASSETS

658,513

860,163

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

658,511

860,161

SHAREHOLDERS' FUNDS

658,513

860,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 31 July 2026 and were signed by:

T F Lacey - Director

1.	STATUTORY INFORMATION

Cottagefield Stables 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

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 represents net invoiced sales of services and supplies, excluding value added tax.

Tangible fixed assets

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

Improvements to property

-

5% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value.

Financial instruments

Basic Financial assets, including trade and other receivables, cash and bank balances, are recognised at transaction price.

Basic financial liabilities. Trade payables are obligations to pay for goods or services that have been acquires in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as noncurrent liabilities. Trade payables are recognised initially at transaction price.

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.

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 11 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 November 2024

2,569,109

294,671

619,197

Additions

-

-

2,635

Disposals

-

-

(46,000

)

At 31 October 2025

2,569,109

294,671

575,832

DEPRECIATION

At 1 November 2024

-

115,078

585,508

Charge for year

-

14,733

13,642

Eliminated on disposal

-

-

(28,970

)

At 31 October 2025

-

129,811

570,180

NET BOOK VALUE

At 31 October 2025

2,569,109

164,860

5,652

At 31 October 2024

2,569,109

179,593

33,689

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2024

1,138

105,975

8,809

3,598,899

Additions

-

130,278

1,483

134,396

Disposals

-

(38,000

)

-

(84,000

)

At 31 October 2025

1,138

198,253

10,292

3,649,295

DEPRECIATION

At 1 November 2024

957

65,141

8,261

774,945

Charge for year

128

31,914

735

61,152

Eliminated on disposal

-

(30,253

)

-

(59,223

)

At 31 October 2025

1,085

66,802

8,996

776,874

NET BOOK VALUE

At 31 October 2025

53

131,451

1,296

2,872,421

At 31 October 2024

181

40,834

548

2,823,954

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

225,168

157,107

Amounts owed by group undertakings

27,697

-

Other debtors

170,767

577,910

423,632

735,017

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

12,907

-

Trade creditors

102,517

69,605

Amounts owed to group undertakings

55,000

-

Taxation and social security

177,690

119,229

Other creditors

44,185

100,214

392,299

289,048

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,500,000

2,500,000

Hire purchase contracts

19,199

-

2,519,199

2,500,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Clydesdale Bank PLC

2,500,000

2,500,000

The company has a loan with Clydesdale Bank PLC (trading as Virgin Money). The loan has a fixed and floating charge over the freehold property and land titled HE1683. The total amount outstanding at the year end was £2,500,000.

In addition their is a fixed and floating charge over any and all freehold or leasehold property together will all buildings and fixtures which are at any time attached to the property as well as all plant, machinery and other equipment legally and beneficially owned by the company now or in the future.

This charge also extends over all present and future book debts and other monies due to the company, all bank accounts and cash at bank and credit balances of the company with any bank or other person.

Their is also a fixed and floating charge by Clydesdale Bank PLC over All present and future obligations and liabilities (including without limitation all sums of principal, interest and expenses) whether actual or contingent and whether owed solely or jointly and whether as principal debtor, guarantor, cautioner, surety, indemnifier or otherwise (or the equivalent in any other relevant jurisdiction) of Sapness Farm Limited (A company under common control) to the bank; and in whatever manner and on any account.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

10.	PENSION COMMITMENTS

The company operates defined contribution pension schemes for its directors and employees. The contributions are held separately administered funds. During the year the company made total contributions of £4,233 (2024 £4,126), of which £858 (2024 £666) were outstanding at the year end.