Cotswold Rooms Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10650824 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2022

for

Cotswold Rooms Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Simpson

Mrs J Simpson

REGISTERED OFFICE:

12a Marlborough Place

Brighton

East Sussex

BN1 1WN

REGISTERED NUMBER:

10650824 (England and Wales)

ACCOUNTANTS:

Clarke Goodhand Smith Limited

12a Marlborough Place

BRIGHTON

East Sussex

BN1 1WN

FIXED ASSETS

Tangible assets

4

27,048

-

CURRENT ASSETS

Debtors

5

50,396

100

Cash at bank

1,157,783

-

1,208,179

100

CREDITORS

Amounts falling due within one year

6

473,902

-

NET CURRENT ASSETS

734,277

100

TOTAL ASSETS LESS CURRENT LIABILITIES

761,325

100

PROVISIONS FOR LIABILITIES

7

5,139

-

NET ASSETS

756,186

100

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

756,086

-

SHAREHOLDERS' FUNDS

756,186

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 7 December 2022 and were signed on its behalf by:

S J Simpson - Director

1.	STATUTORY INFORMATION

Cotswold Rooms 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.

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.

Plant and machinery

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

Additions

36,064

At 31 March 2022

36,064

DEPRECIATION

Charge for year

9,016

At 31 March 2022

9,016

NET BOOK VALUE

At 31 March 2022

27,048

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

1,017

-

Other debtors

2,657

100

VAT

32,722

-

Prepayments and accrued income

14,000

-

50,396

100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

178,676

-

Tax

169,856

-

Other creditors

24,090

-

Parlour Rooms Ltd

98,280

-

Accrued expenses

3,000

-

473,902

-

7.	PROVISIONS FOR LIABILITIES

31.3.22

31.3.21

£

£

Deferred tax

5,139

-

Deferred

tax

£

Capital allowances

5,139

Balance at 31 March 2022

5,139

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

Profit for the year

756,086

At 31 March 2022

756,086

10.	RELATED PARTY DISCLOSURES

Included in the financial statements are the following significant transactions and balances with related parties:

Parlour Rooms Ltd, the parent company:

31.3.22

31.3.21

£

£

Administrative expenses

601,642

-

Creditors due within 1 year

188,169

-