REGISTERED NUMBER: 00727872 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

MILLERS COTTAGE LEISURE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J E Cowden

Mr W G Cowden

Mr T E Cowden

REGISTERED OFFICE:

13 Trinity Square

Llandudno

LL30 2RB

REGISTERED NUMBER:

00727872 (England and Wales)

ACCOUNTANTS:

Williams Denton Cyf

Chartered Certified Accountants

Glaslyn

Ffordd y Parc

Parc Menai

Bangor

Gwynedd

LL57 4FE

FIXED ASSETS

Tangible assets

4

6,916,789

6,941,774

CURRENT ASSETS

Stocks

121,170

512,400

Debtors

5

249,272

338,301

Cash at bank and in hand

1,234,837

652,474

1,605,279

1,503,175

CREDITORS

Amounts falling due within one year

6

911,498

694,121

NET CURRENT ASSETS

693,781

809,054

TOTAL ASSETS LESS CURRENT LIABILITIES

7,610,570

7,750,828

PROVISIONS FOR LIABILITIES

1,404,840

1,404,840

NET ASSETS

6,205,730

6,345,988

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

6,203,730

6,343,988

SHAREHOLDERS' FUNDS

6,205,730

6,345,988

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2026 and were signed on its behalf by:

Mr W G Cowden - Director

1.	STATUTORY INFORMATION

Millers Cottage Leisure 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 as modified by the revaluation of certain assets.

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.

Land and buildings

-

10% on reducing balance and at varying rates on cost

Plant and machinery etc

-

25% on reducing balance, 10% on reducing balance and at variable rates on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 12 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

and 31 December 2025

7,612,968

373,855

7,986,823

DEPRECIATION

At 1 January 2025

732,819

312,230

1,045,049

Charge for year

15,211

9,774

24,985

At 31 December 2025

748,030

322,004

1,070,034

NET BOOK VALUE

At 31 December 2025

6,864,938

51,851

6,916,789

At 31 December 2024

6,880,149

61,625

6,941,774

Cost or valuation at 31 December 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2022

5,619,362

-

5,619,362

Cost

1,993,606

373,855

2,367,461

7,612,968

373,855

7,986,823

If the park had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

1,082,182

1,082,182

Aggregate depreciation

701,544

701,544

The park was valued on an open market basis on 31 December 2022 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

228,790

322,007

Other debtors

20,482

16,294

249,272

338,301

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

54,033

42,196

Taxation and social security

144,844

36,419

Other creditors

712,621

615,506

911,498

694,121