Registered number
11309059
The Neuadd Holidays Ltd
Unaudited Filleted Accounts
31 March 2023
The Neuadd Holidays Ltd
Registered number: 11309059
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,823 5,264
Current assets
Cash at bank and in hand 9,155 6,579
Creditors: amounts falling due within one year 4 (14,185) (14,095)
Net current liabilities (5,030) (7,516)
Total assets less current liabilities (1,207) (2,252)
Provisions for liabilities (726) -
Net liabilities (1,933) (2,252)
Capital and reserves
Called up share capital - £1 Ordinary Shares 2 2
Profit and loss account (1,935) (2,254)
Shareholders' funds (1,933) (2,252)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr P R Hindley
Director
Approved by the board on 1 November 2023
The Neuadd Holidays Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Going Concern
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational
existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment 33.33% reducing balance
Plant and machinery 25% straight line
Fixtures, fittings, tools and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 6,900 753 7,653
At 31 March 2023 6,900 753 7,653
Depreciation
At 1 April 2022 2,138 251 2,389
Charge for the year 1,190 251 1,441
At 31 March 2023 3,328 502 3,830
Net book value
At 31 March 2023 3,572 251 3,823
At 31 March 2022 4,762 502 5,264
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 5 1,731
Taxation and social security costs 102 -
Director's Loan account 12,878 10,564
Accruals 1,200 1,800
14,185 14,095
5 Related party transactions
None noted.
6 Transactions with Directors
During the year, the Directors, Julia Hindley and Peter Hindley used a current account with the company to record amounts due to him and amounts drawn by him. The amount owed to Julia and Peter Hindley as Directors and included in other creditors as at 31st September 2023 was £12,877.76 (2022: £10,564). The amount is repayable on demand and does not carry interest.
7 Controlling party
Mrs Julia Hindley and Mr Peter Robert Hindley each own 50% of the issued share capital, and are both directors of the company. Therefore, Julia Hindley and Peter Hindley are jointly the ultimate controlling parties of The Neuadd Holidays Ltd.
8 Other information
The Neuadd Holidays Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Neuadd
Llangattock
Crickhowell
NP8 1LE
The Neuadd Holidays Ltd 11309059 false 2022-04-01 2023-03-31 2023-03-31 VT Final Accounts October 2023 release 2 Mr P R Hindley No description of principal activity 11309059 2021-04-01 2022-03-31 11309059 core:WithinOneYear 2022-03-31 11309059 core:ShareCapital 2022-03-31 11309059 core:RetainedEarningsAccumulatedLosses 2022-03-31 11309059 2022-04-01 2023-03-31 11309059 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11309059 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11309059 bus:Director40 2022-04-01 2023-03-31 11309059 1 2022-04-01 2023-03-31 11309059 2 2022-04-01 2023-03-31 11309059 core:PlantMachinery 2022-04-01 2023-03-31 11309059 core:Vehicles 2022-04-01 2023-03-31 11309059 countries:England 2022-04-01 2023-03-31 11309059 bus:FRS102 2022-04-01 2023-03-31 11309059 bus:FullAccounts 2022-04-01 2023-03-31 11309059 2023-03-31 11309059 core:WithinOneYear 2023-03-31 11309059 core:ShareCapital 2023-03-31 11309059 core:RetainedEarningsAccumulatedLosses 2023-03-31 11309059 core:PlantMachinery 2023-03-31 11309059 core:Vehicles 2023-03-31 11309059 2022-03-31 11309059 core:PlantMachinery 2022-03-31 11309059 core:Vehicles 2022-03-31 iso4217:GBP xbrli:pure