Registration number: 06149244

Cotswold Lakes Trading Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 6

Cotswold Lakes Trading Limited

(Registration number: 06149244)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Current assets
Debtors	4	920	2,613
Cash at bank and in hand		4,738	1,688
		5,658	4,301
Creditors: Amounts falling due within one year	5	(151,638)	(138,082)
Net liabilities		(145,980)	(133,781)
Capital and reserves
Called up share capital		12	12
Retained earnings		(145,992)	(133,793)
Shareholders' deficit		(145,980)	(133,781)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 November 2025
 

Mr P Hazel on behalf of Cotswold Lakes Trust Director

Cotswold Lakes Trading Limited

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

1	General information

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

The company was formerly known as Cotswold Water Park Estates and Ranger Services Ltd.

The address of its registered office is:
Cotswold House
Manor Farm
Down Ampney
Cirencester
Gloucestershire
GL7 5QF

These financial statements were authorised for issue by the director on 18 November 2025.

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 that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Name of parent of group

These financial statements are consolidated in the financial statements of Cotswold Lakes Trust (registration number 05504806).

The financial statements of Cotswold Lakes Trust (registration number 05504806) may be obtained from Registrar of Companies, Companies House, Cardiff, CF14 3UZ.

Cotswold Lakes Trading Limited

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

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future with the support of the wider group. There is a degree of uncertainty at present across the group regarding the sale of a group asset, which is included in the group budget and cash forecasts. This sale is dependent on planning permission being granted. Whilst the directors believe planning permission will be granted and the asset subsequently sold, there is alternative plans to ensure the group can repay their debts as they fall due if this sale does not go ahead as planned.

The company produces annual budgets and regularly updated cash-flow forecasts which demonstrate that the company will be able to continue to operate. The company does not embark on major initiatives without committed funding. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Key sources of estimation uncertainty

In the application of the company's accounting policies. the director(s) 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 revision and future periods if the revision affects both current and future periods..

Revenue recognition

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and Is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Cotswold Lakes Trading Limited

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
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.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
 

Cotswold Lakes Trading Limited

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

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year was 1 (2024 - 1).

4

Debtors

	2025 £	2024 £
Trade debtors	920	2,261
Other debtors	-	352
	920	2,613

5

Creditors

Due within one year	Note	2025 £	2024 £
Trade creditors		9	15
Amounts due to related parties	6	145,810	137,012
Other taxes		979	-
Accruals		2,360	1,055
Deferred income		2,480	-
		151,638	138,082