Holmes Farm Holiday Cottages Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 09582699 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st May 2017

for

Holmes Farm Holiday Cottages Limited

Page

Company Information

1

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

3

86,054

53,134

CURRENT ASSETS

Cash at bank

252

4,800

CREDITORS

Amounts falling due within one year

4

90,107

47,901

NET CURRENT LIABILITIES

(89,855

)

(43,101

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,801

)

10,033

CREDITORS

Amounts falling due after more than one year

5

-

12,322

NET LIABILITIES

(3,801

)

(2,289

)

RESERVES

Retained earnings

6

(3,801

)

(2,289

)

SHAREHOLDERS' FUNDS

(3,801

)

(2,289

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 5th September 2017 and were signed on its behalf by:

Ms W M Gregory - 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

-

15% on reducing balance

3.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

At 1st June 2016

53,134

-

53,134

Additions

31,323

1,879

33,202

At 31st May 2017

84,457

1,879

86,336

DEPRECIATION

Charge for year

-

282

282

At 31st May 2017

-

282

282

NET BOOK VALUE

At 31st May 2017

84,457

1,597

86,054

At 31st May 2016

53,134

-

53,134

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Bank loans and overdrafts

-

2,143

Other creditors

1,360

-

Directors' current accounts

88,392

45,404

Accrued expenses

355

354

90,107

47,901

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.17

31.5.16

£

£

Other loans - 1-2 years

-

12,322

6.

RESERVES

Retained

earnings

£

At 1st June 2016

(2,289

)

Deficit for the year

(1,512

)

At 31st May 2017

(3,801

)

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year ended 31st May 2017 the company owed £51,262 (2016 £28,329) to the director Mr P Scott. The

loan is interest free and repayable on demand.

At the year ended 31st May 2017 the company owed £37,130 (2016 £17,075) to the director Ms W M Gregory.

The loan is interest free and repayable on demand.

8.	RELATED PARTY DISCLOSURES

At the year ended 31st May 2017 the company owed £1,360 to Peter Scott Plumbing Ltd a company under the

control of the director P Scott.