Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-312021-01-01falseNo description of principal activity48falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05183176 2021-01-01 2021-12-31 05183176 2020-01-01 2020-12-31 05183176 2021-12-31 05183176 2020-12-31 05183176 c:Director1 2021-01-01 2021-12-31 05183176 d:Buildings d:ShortLeaseholdAssets 2021-01-01 2021-12-31 05183176 d:Buildings d:ShortLeaseholdAssets 2021-12-31 05183176 d:Buildings d:ShortLeaseholdAssets 2020-12-31 05183176 d:FurnitureFittings 2021-01-01 2021-12-31 05183176 d:FurnitureFittings 2021-12-31 05183176 d:FurnitureFittings 2020-12-31 05183176 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 05183176 d:OfficeEquipment 2021-01-01 2021-12-31 05183176 d:OfficeEquipment 2021-12-31 05183176 d:OfficeEquipment 2020-12-31 05183176 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 05183176 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 05183176 d:ComputerSoftware 2021-12-31 05183176 d:ComputerSoftware 2020-12-31 05183176 d:CurrentFinancialInstruments 2021-12-31 05183176 d:CurrentFinancialInstruments 2020-12-31 05183176 d:CurrentFinancialInstruments 3 2021-12-31 05183176 d:CurrentFinancialInstruments 3 2020-12-31 05183176 d:Non-currentFinancialInstruments 2021-12-31 05183176 d:Non-currentFinancialInstruments 2020-12-31 05183176 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 05183176 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 05183176 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 05183176 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 05183176 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-12-31 05183176 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2020-12-31 05183176 d:ShareCapital 2021-12-31 05183176 d:ShareCapital 2020-12-31 05183176 d:SharePremium 2021-12-31 05183176 d:SharePremium 2020-12-31 05183176 d:RetainedEarningsAccumulatedLosses 2021-12-31 05183176 d:RetainedEarningsAccumulatedLosses 2020-12-31 05183176 c:FRS102 2021-01-01 2021-12-31 05183176 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 05183176 c:FullAccounts 2021-01-01 2021-12-31 05183176 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 05183176 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2021-01-01 2021-12-31 05183176 2 2021-01-01 2021-12-31 05183176 d:ComputerSoftware d:OwnedIntangibleAssets 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 05183176










GRAPE ESCAPES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
GRAPE ESCAPES LIMITED
REGISTERED NUMBER: 05183176

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

2021
Restated 2020
Note
£
£

Fixed assets
  

Intangible assets
 4 
232
3,766

Tangible assets
 5 
5,637
11,579

  
5,869
15,345

Current assets
  

Stocks
  
919
994

Debtors: amounts falling due within one year
 6 
76,473
60,820

Cash at bank and in hand
 7 
1,009,638
697,276

  
1,087,030
759,090

Creditors: amounts falling due within one year
 8 
(812,717)
(517,863)

Net current assets
  
 
 
274,313
 
 
241,227

Total assets less current liabilities
  
280,182
256,572

Creditors: amounts falling due after more than one year
 9 
(91,704)
(189,946)

  

Net assets
  
188,478
66,626


Capital and reserves
  

Called up share capital 
  
32,669
32,669

Share premium account
  
5,334
5,334

Profit and loss account
  
150,475
28,623

  
188,478
66,626


Page 1

 
GRAPE ESCAPES LIMITED
REGISTERED NUMBER: 05183176
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 June 2022.




C L Hallett
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
GRAPE ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Grape Escapes Limited is a private company limited by shares and incorporated in England and Wales.
The address of the registered office is given in the Company Information page of these financial statements.
The principal activity of the company during the year was that of tour operator activities.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Turnover represents amounts receivable from the sales of tours and other services supplied to customers net of VAT. Revenues and expenses relating to tours taken to the profit and loss account on the date of departure.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue
nature are recognised in the profit and loss account in the same period as the related expenditure.
During the year the Company benefited from taking advantage of government support in the form of the Coronavirus Job Retention Scheme (CJRS) and local government support.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
GRAPE ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
GRAPE ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2020 - 8).

Page 5

 
GRAPE ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Intangible assets




Computer software

£



Cost


At 1 January 2021
19,700


Additions
250



At 31 December 2021

19,950



Amortisation


At 1 January 2021
15,934


Charge for the year on owned assets
3,784



At 31 December 2021

19,718



Net book value



At 31 December 2021
232



At 31 December 2020
3,766



Page 6

 
GRAPE ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

5.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2021
19,247
2,664
32,637
54,548


Additions
-
116
817
933


Disposals
(19,247)
(212)
-
(19,459)



At 31 December 2021

-
2,568
33,454
36,022



Depreciation


At 1 January 2021
17,643
2,002
23,324
42,969


Charge for the year on owned assets
-
283
4,842
5,125


Disposals
(17,643)
(66)
-
(17,709)



At 31 December 2021

-
2,219
28,166
30,385



Net book value



At 31 December 2021
-
349
5,288
5,637



At 31 December 2020
1,604
662
9,313
11,579

Page 7

 
GRAPE ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

6.


Debtors

2021
Restated 2020
£
£


Amounts owed by related undertakings
10,370
8,058

Other debtors
5,666
7,018

Prepayments and accrued income
49,456
40,024

Tax recoverable
10,981
-

Grants receivable
-
5,720

76,473
60,820



7.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
1,009,638
697,276

Less: bank overdrafts
(5)
(5)

1,009,633
697,271



8.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank overdrafts
5
5

Bank loans
10,000
-

Trade creditors
9,131
1,370

Corporation tax
-
11,008

Other taxation and social security
3,542
10,481

Other creditors
12,148
13,218

Accruals and deferred income
777,891
481,781

812,717
517,863


Page 8

 
GRAPE ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

9.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
40,000
50,000

Payments received on account
49,927
137,117

Other creditors
1,777
2,829

91,704
189,946



10.


Loans


Analysis of the maturity of loans is given below:


2021
2020
£
£

Amounts falling due within one year

Bounce back loan
10,000
-


10,000
-

Amounts falling due 1-2 years

Bounce back loan
40,000
50,000


40,000
50,000



50,000
50,000



11.


Prior year adjustment

For the year ended 31 December 2020 the Company had included in revenue a proportion of profit in respect to bookings made that were departing post the balance sheet date amounting to £204,055. This accounting policy was not considered to be correct therefore it has been adjusted for.


12.


Contingent liabilities

The Company is a member of the Association of British Travel Agents Limited (ABTA). 
As at 31 December 2021 there were contingent liabilities given by the company in the normal course of business as a cash backed bond amounting to £246,799 (2020:£nil).

Page 9

 
GRAPE ESCAPES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £2,349 (2020: £4,186). Contributions totalling £620 (2020: £539) were payable to the fund at the reporting date and are included in creditors.


14.


Commitments under operating leases

The Company had no commitments under non-cancellable operating leases at the reporting date.


15.


Related party transactions

At the balance sheet date there was an amount due to the directors, C L Hallet & M J Hallet amounting to £7,938 (2020:£Nil).
The company is related to Grape Escapes Transport Limited by virtue of common control.
At the balance sheet date £10,370 was owed from Grape Escapes Transport Limited.


16.


Controlling party

The company is jointly controlled by M J Hallet & C L Hallet by virtue of their shareholding.

 
Page 10