Company No: 06002939 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	1,874,970		1,884,934
		1,874,970		1,884,934
Current assets
Stocks		1,896		1,837
Debtors	4	284,925		252,410
Cash at bank and in hand		301,535		65,818
		588,356		320,065
Creditors: amounts falling due within one year	5	( 312,669)		( 245,660)
Net current assets		275,687		74,405
Total assets less current liabilities		2,150,657		1,959,339
Creditors: amounts falling due after more than one year	6	( 140,310)		( 270,725)
Provision for liabilities		( 39,500)		( 36,750)
Net assets		1,970,847		1,651,864
Capital and reserves
Called-up share capital	7	2		2
Profit and loss account		1,970,845		1,651,862
Total shareholders' funds		1,970,847		1,651,864

For the financial year ending 30 November 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Ottertots Limited (registered number: 06002939) were approved and authorised for issue by the Board of Directors on 27 August 2026. They were signed on its behalf by:

Mrs A R Williams Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ottertots Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is East Hill, Ottery St Mary, EX11 1QH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

There are no material departures from FRS 102.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover includes rental income which is recognised evenly over the period to which the income relates.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery	25 % reducing balance
Vehicles	20 % reducing balance
Fixtures and fittings	20 % reducing balance
Office equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	75		70

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£		£
Cost
At 01 December 2024	1,999,928		379,815		82,046		73,062		13,060		2,547,911
Additions	6,315		21,855		0		13,997		3,085		45,252
At 30 November 2025	2,006,243		401,670		82,046		87,059		16,145		2,593,163
Accumulated depreciation
At 01 December 2024	243,907		307,978		41,536		58,404		11,152		662,977
Charge for the financial year	24,570		17,572		8,102		4,046		926		55,216
At 30 November 2025	268,477		325,550		49,638		62,450		12,078		718,193
Net book value
At 30 November 2025	1,737,766		76,120		32,408		24,609		4,067		1,874,970
At 30 November 2024	1,756,021		71,837		40,510		14,658		1,908		1,884,934

4. Debtors

	2025		2024
	£		£
Amounts owed by directors	175,198		121,619
Prepayments	21,902		21,303
Other debtors	87,825		109,488
	284,925		252,410

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	117,872		85,800
Accruals	6,120		5,527
Taxation and social security	183,787		149,393
Other creditors	4,890		4,940
	312,669		245,660

Included in the total bank borrowings due within one year at the period end is £117,872 (2024 - £85,800) on which the following security has been provided:

A legal charge over the company freehold property.

An unlimited company debenture.

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	140,310		270,725

Included in the total bank borrowings due after more than one year at the period end is £140,310 (2024 - £270,725) on which the following security has been provided:

A legal charge over the company freehold property.

An unlimited company debenture.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2

8. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Balance owed by Director 1	133,452		87,810
Balance owed by Director 2	41,746		33,809

Loans to directors are repayable on demand and interest is charged at 3.75%.