Holmes Farm Holiday Cottages Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09582699 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st May 2021

for

Holmes Farm Holiday Cottages Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Scott

Ms W M Gregory

REGISTERED OFFICE:

6 Manchester Road

Buxton

Derbyshire

SK17 6SB

REGISTERED NUMBER:

09582699 (England and Wales)

ACCOUNTANTS:

Laytons

Chartered Accountants

6 Manchester Road

Buxton

Derbyshire

SK17 6SB

FIXED ASSETS

Tangible assets

4

292,725

294,246

CURRENT ASSETS

Cash at bank

30,689

9,618

CREDITORS

Amounts falling due within one year

345,608

353,008

NET CURRENT LIABILITIES

(314,919

)

(343,390

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(22,194

)

(49,144

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(22,294

)

(49,244

)

SHAREHOLDERS' FUNDS

(22,194

)

(49,144

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2021 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st May 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 2nd July 2021 and were signed on its behalf by:

Ms W M Gregory - Director

P Scott - Director

1.	STATUTORY INFORMATION

Holmes Farm Holiday Cottages 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.

Improvements to property

-

in accordance with the property

Fixtures and fittings

-

2% on cost

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 NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st June 2020

and 31st May 2021

296,536

DEPRECIATION

At 1st June 2020

2,290

Charge for year

1,521

At 31st May 2021

3,811

NET BOOK VALUE

At 31st May 2021

292,725

At 31st May 2020

294,246

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year ended 31st May 2021, the company owed £170,741 (2020: £176,321) to the director Mr P Scott. The loan is interest free and repayable on demand.

At the year ended 31st May 2021, the company owed £155,390 (2020: £152,530) to the director Ms W M Gregory. The loan is interest free and repayable on demand.

6.	RELATED PARTY DISCLOSURES

At the year ended 31st May 2021, the company owed £5,456 (2020: £5,459) to Peter Scott Plumbing Ltd a company under the control of the director P Scott.