REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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12 JUNE 2019 TO 30 JUNE 2020 |
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FOR |
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ARCADIA COTTAGES LTD |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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12 JUNE 2019 TO 30 JUNE 2020 |
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FOR |
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ARCADIA COTTAGES LTD |
ARCADIA COTTAGES LTD (REGISTERED NUMBER: 12046503) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 12 JUNE 2019 TO 30 JUNE 2020 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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ARCADIA COTTAGES LTD |
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COMPANY INFORMATION |
FOR THE PERIOD 12 JUNE 2019 TO 30 JUNE 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
10 Jesus Lane |
Cambridge |
Cambridgeshire |
CB5 8BA |
ARCADIA COTTAGES LTD (REGISTERED NUMBER: 12046503) |
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BALANCE SHEET |
30 JUNE 2020 |
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Notes | £ |
FIXED ASSETS |
Investment property | 5 |
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CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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ARCADIA COTTAGES LTD (REGISTERED NUMBER: 12046503) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 12 JUNE 2019 TO 30 JUNE 2020 |
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1. | STATUTORY INFORMATION |
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Arcadia Cottages Ltd is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is derived from the rental of UK based furnished holiday lets. Income is recognised on the same day as occupancy takes place. Refundable deposits are recognised only once the customer begins occupancy of the holiday let. The company is not VAT registered. |
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Government grants |
Grant funding is recognised under the accruals method. |
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- Grants relating to revenue shall be recognised in income on a systematic basis over the periods in which the related costs for which the grant is intended to compensate. |
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- A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support with no future related costs shall be recognised in income in the period in which it becomes receivable. |
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- Grants relating to assets shall be recognised in income on a systematic basis over the expected useful life of the asset. |
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- Where part of a grant relating to an asset is deferred it shall be recognised as deferred income and not deducted from the carrying amount of the asset |
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Investment property |
Investment property is disclosed at its fair value on the balance sheet date. Profit or losses arising upon revaluation are recognised in the profit and loss statement in the year in which they arise. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was NIL. |
ARCADIA COTTAGES LTD (REGISTERED NUMBER: 12046503) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 12 JUNE 2019 TO 30 JUNE 2020 |
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5. | INVESTMENT PROPERTY |
Total |
£ |
COST |
Additions |
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At 30 June 2020 |
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NET BOOK VALUE |
At 30 June 2020 |
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Investment property has not required revaluation at the year end. The director considers the value of the property to have remained unchanged during the financial year. In reviewing the value of the property the director has compared the purchase price to sales of similar properties in the local area. |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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Taxation and social security |
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Other creditors |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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Ordinary | £1 | 100 |
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100 Ordinary shares of £1 were issued during the period
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8. | RELATED PARTY DISCLOSURES |
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The directors were owed £249,200 at the year end. The amount bears no interest, is disclosed within other creditors and is due on demand. |