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REGISTERED NUMBER: 01084447 (England and Wales)










HIDEAWAY COUNTRY HOLIDAYS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2022






HIDEAWAY COUNTRY HOLIDAYS LTD (REGISTERED NUMBER: 01084447)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022










Page

Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 5


HIDEAWAY COUNTRY HOLIDAYS LTD (REGISTERED NUMBER: 01084447)

BALANCE SHEET
31ST DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,898,755 1,904,490
Investments 5 50,732 50,732
1,949,487 1,955,222

CURRENT ASSETS
Debtors 6 712,169 712,272
Cash at bank 16,706 300
728,875 712,572
CREDITORS
Amounts falling due within one year 7 2,154,882 2,035,377
NET CURRENT LIABILITIES (1,426,007 ) (1,322,805 )
TOTAL ASSETS LESS CURRENT LIABILITIES 523,480 632,417

CREDITORS
Amounts falling due after more than one year 8 24,946 34,836
NET ASSETS 498,534 597,581

CAPITAL AND RESERVES
Called up share capital 9 200 200
Revaluation reserve 10 955,009 955,009
Capital reserves 1,220,300 1,220,300
Retained earnings (1,676,975 ) (1,577,928 )
SHAREHOLDERS' FUNDS 498,534 597,581

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 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.

HIDEAWAY COUNTRY HOLIDAYS LTD (REGISTERED NUMBER: 01084447)

BALANCE SHEET - continued
31ST DECEMBER 2022


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 and authorised for issue on 18th October 2023 and were signed on its behalf by:





M E Kim - Director


HIDEAWAY COUNTRY HOLIDAYS LTD (REGISTERED NUMBER: 01084447)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2022


1. STATUTORY INFORMATION

Hideaway Country Holidays Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01084447

Registered office: 3365 The Pentagon
Century Way
Thorpe Park
Leeds
West Yorkshire
LS15 8ZB

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
Hideaway Country Holidays Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover from lodgings and guest services are recognised on the departure date when final payment is taken. Deposits including non-refundable deposits are recognised at the event date.

Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation or valuation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Freehold Land and Building- No depreciation
Fixtures and fittings- 20% on reducing balance
Motor vehicles- 20% on reducing balance

Land and buildings were last valued at 1998. The directors have chosen not to revalue the property on the basis that the appropriate fair value of the property is not materially different to the value in the accounts.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Investments
The investments, comprising antique furniture, are measured at cost less impairment, as the estimated residual value of the assets is in excess of their cost no impairment has been made.

HIDEAWAY COUNTRY HOLIDAYS LTD (REGISTERED NUMBER: 01084447)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2022


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1st January 2022
and 31st December 2022 1,875,814 380,960 2,256,774
DEPRECIATION
At 1st January 2022 - 352,284 352,284
Charge for year - 5,735 5,735
At 31st December 2022 - 358,019 358,019
NET BOOK VALUE
At 31st December 2022 1,875,814 22,941 1,898,755
At 31st December 2021 1,875,814 28,676 1,904,490

The historic cost equivalent of land and buildings included at valuation are as follows:

20222021
£   £   
Cost932,936932,936
Accumulated depreciation--
Net book value932,936932,936



5. FIXED ASSET INVESTMENTS

The investments comprise antique furniture and other items used in the company's trade.

The cost and net book value of the fixed asset investments at 31st December 2022 were £50,732 (2021: £50,732).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 712,169 712,272

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts - 34,214
Taxation and social security 1,739 3,866
Other creditors 2,153,143 1,997,297
2,154,882 2,035,377

HIDEAWAY COUNTRY HOLIDAYS LTD (REGISTERED NUMBER: 01084447)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2022


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Other creditors 24,946 34,836

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100
100 Preference - 3.5%
non-cumulative £1 100 100
200 200

10. RESERVES
Revaluation
reserve
£   
At 1st January 2022
and 31st December 2022 955,009

11. CONTINGENT LIABILITY

Finance assistance

In connection with the acquisition of the entire share capital of the company by Infinesse LLC, the company has given a debenture in favour of the Royal Bank of Scotland plc securing its obligations under a guarantee for monies lent to Infinesse LLC. Under this debenture, the company charges the whole and any part of its undertaking, property and assets to The Royal Bank of Scotland plc.

12. GOING CONCERN

During the previous financial year Hideaway Country Holidays Ltd ceased trading. Net liabilities owed to related parties as at 31st December 2022 were £1,429,808 (2021:£1,322,805). However, the financial statements have been prepared on a going concern basis as the ultimate parent company does not intend to have Hideaway Country Holidays Ltd struck off and has pledged its continuing support for a minimum of 12 months from the date of issuing these financial statements.