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REGISTERED NUMBER: 08576265 (England and Wales)















NL3 COTTAGES MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019






NL3 COTTAGES MANAGEMENT LIMITED (REGISTERED NUMBER: 08576265)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


NL3 COTTAGES MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







DIRECTORS: T Dennis
E J Kearney
M D Spence
A Wild





REGISTERED OFFICE: 1st Floor
Whitecroft House
51 Water Lane
Wilmslow
Cheshire
SK9 5BQ





REGISTERED NUMBER: 08576265 (England and Wales)





ACCOUNTANTS: DTE Business Advisers Limited
Chartered Accountants
The Exchange
5 Bank Street
Bury
BL9 0DN

NL3 COTTAGES MANAGEMENT LIMITED (REGISTERED NUMBER: 08576265)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2019

2019 2018
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 666 534

CURRENT ASSETS
Debtors 5 3,739 2,481
Cash at bank 895 5,038
4,634 7,519
CREDITORS
Amounts falling due within one year 6 (9,401 ) (2,811 )
NET CURRENT (LIABILITIES)/ASSETS (4,767 ) 4,708
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,101

)

5,242

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (4,111 ) 5,232
(4,101 ) 5,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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.

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 17 December 2019 and were signed on its behalf
by:



A Wild - Director


NL3 COTTAGES MANAGEMENT LIMITED (REGISTERED NUMBER: 08576265)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019


1. STATUTORY INFORMATION

NL3 Cottages Management Limited is a private company, limited by shares and registered in England and
Wales. The company's registration number is 08576265 and the company's registered address is 1st Floor,
Whitecroft House, 51 Water Lane, Wilmslow, Cheshire, SK9 5BQ.

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.

Going concern
The statement of financial position shows net liabilities of £4,101 (2018 net assets: £5,242).

The directors expect to see an improvement in performance as the business becomes more established in the
market place. The directors have considered the business risks and believe that the company is well placed to
manage these risks successfully. As the company also has the support of the group, the going concern basis of
accounting has been adopted in preparing these financial statements.

Significant judgements and estimates
There are currently no critical accounting estimates and judgements applied by the directors that are
considered key to the preparation of the financial statements.

Revenue
Revenue is recognised at the fair value of the consideration received or receivable for services provided in the
normal course of business. The fair value of consideration takes into account trade discounts, settlement
discounts and volume rebates.

Revenue is recognised as services are provided to customers.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

The residual values, estimated useful lives and depreciation method of property, plant and equipment are
reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision
are recognised in the income statement when the change arises.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial
assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third
parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period
for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is
recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised
cost.


NL3 COTTAGES MANAGEMENT LIMITED (REGISTERED NUMBER: 08576265)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2018 658
Additions 220
At 31 March 2019 878
DEPRECIATION
At 1 April 2018 124
Charge for year 88
At 31 March 2019 212
NET BOOK VALUE
At 31 March 2019 666
At 31 March 2018 534

NL3 COTTAGES MANAGEMENT LIMITED (REGISTERED NUMBER: 08576265)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 3,500 597
Amounts owed by group undertakings 1 1
Other debtors 238 1,883
3,739 2,481

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 4,886 404
Other creditors 4,515 2,407
9,401 2,811