Cotswold Serviced Apartments Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11993744 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

COTSWOLD SERVICED APARTMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Durrant

SECRETARY:

REGISTERED OFFICE:

Unit 10

Bramery Business Park

Alstone Lane

Cheltenham

Gloucestershire

GL51 8HE

REGISTERED NUMBER:

11993744 (England and Wales)

ACCOUNTANTS:

Devereux & Co

2 Court Mews

268 London Road

Charlton Kings

Cheltenham

Gloucestershire

GL52 6HS

FIXED ASSETS

Tangible assets

4

34,619

33,822

CURRENT ASSETS

Debtors

5

4,816

2,849

Cash at bank and in hand

11,621

9,560

16,437

12,409

CREDITORS

Amounts falling due within one year

6

171,396

94,256

NET CURRENT LIABILITIES

(154,959

)

(81,847

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(120,340

)

(48,025

)

CREDITORS

Amounts falling due after more than one year

7

20,023

30,000

NET LIABILITIES

(140,363

)

(78,025

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(140,364

)

(78,026

)

SHAREHOLDERS' FUNDS

(140,363

)

(78,025

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 February 2024 and were signed by:

M Durrant - Director

1.	STATUTORY INFORMATION

Cotswold Serviced Apartments Ltd 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 etc

-

25% on reducing balance

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.

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 3 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2022

46,590

Additions

8,302

Disposals

(1,063

)

At 31 May 2023

53,829

DEPRECIATION

At 1 June 2022

12,768

Charge for year

6,737

Eliminated on disposal

(295

)

At 31 May 2023

19,210

NET BOOK VALUE

At 31 May 2023

34,619

At 31 May 2022

33,822

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

4,489

550

Other debtors

327

2,299

4,816

2,849

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

120,972

24,542

Taxation and social security

2,086

983

Other creditors

38,338

58,731

171,396

94,256

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

20,023

30,000

8.	ULTIMATE CONTROLLING PARTY

The controlling party is M Durrant.