Cotswold Edge Beckford Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04297431 (England and Wales)

Cotswold Edge Beckford Limited

Unaudited Financial Statements for the Year Ended 31 October 2021

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs K A Small

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

04297431 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

National Westminster Bank plc

Bristol City Office

PO Box No 238

32 Corn Street

Bristol

BS99 7UG

FIXED ASSETS

Tangible assets

5

404,695

407,041

CURRENT ASSETS

Debtors

24

-

Cash at bank

17,742

10,190

17,766

10,190

CREDITORS

Amounts falling due within one year

301,151

295,779

NET CURRENT LIABILITIES

(283,385

)

(285,589

)

TOTAL ASSETS LESS CURRENT LIABILITIES

121,310

121,452

CAPITAL AND RESERVES

Called up share capital

130

130

Revaluation reserve

6

61,425

61,425

Retained earnings

59,755

59,897

SHAREHOLDERS' FUNDS

121,310

121,452

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 October 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2021 and were signed by:

Mrs K A Small - Director

1.	STATUTORY INFORMATION

Cotswold Edge Beckford 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared in accordance with applicable accounting standards and estimation techniques.

At the time of approving the financial statements the director has a reasonable expectation that the Company has adequate resources to continue in operation existence for the foreseeable future.

The director has reviewed cash flow forecasts, funding levels and income expectations for at least the 12 month period from the date of approving the financial statements and has assessed the current and potential impact of the COVID-19 pandemic, to ensure the Company can maintain its operations and fulfill its statutory obligations.

The director therefore deems the Company to continue as a going concern.

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 etc

-

33% on cost and 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Investment property

Investment property is included at fair value. Gains and losses are recognised in the income statement.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

5.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 November 2020

and 31 October 2021

428,695

DEPRECIATION

At 1 November 2020

21,654

Charge for year

2,346

At 31 October 2021

24,000

NET BOOK VALUE

At 31 October 2021

404,695

At 31 October 2020

407,041

Cost or valuation at 31 October 2021 is represented by:

Totals

£

Valuation in 2017

61,425

Cost

367,270

428,695

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

31.10.21

31.10.20

£

£

Cost

338,575

338,575

Value of land in freehold land and buildings

166,600

166,600

Freehold land and buildings were valued on an open market basis on 31 October 2021 by the Director .

6.

RESERVES

Revaluation

reserve

£

At 1 November 2020

and 31 October 2021

61,425

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs K A Small.