Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-01-01falseManagement and development of property11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 6718993 2022-01-01 2023-03-31 6718993 2021-01-01 2021-12-31 6718993 2023-03-31 6718993 2021-12-31 6718993 c:Director1 2022-01-01 2023-03-31 6718993 d:PlantMachinery 2022-01-01 2023-03-31 6718993 d:PlantMachinery 2023-03-31 6718993 d:PlantMachinery 2021-12-31 6718993 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-01-01 2023-03-31 6718993 d:FurnitureFittings 2022-01-01 2023-03-31 6718993 d:FurnitureFittings 2023-03-31 6718993 d:FurnitureFittings 2021-12-31 6718993 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-01-01 2023-03-31 6718993 d:OfficeEquipment 2022-01-01 2023-03-31 6718993 d:OfficeEquipment 2023-03-31 6718993 d:OfficeEquipment 2021-12-31 6718993 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-01 2023-03-31 6718993 d:OwnedOrFreeholdAssets 2022-01-01 2023-03-31 6718993 d:CurrentFinancialInstruments 2023-03-31 6718993 d:CurrentFinancialInstruments 2021-12-31 6718993 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 6718993 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 6718993 d:ShareCapital 2023-03-31 6718993 d:ShareCapital 2021-12-31 6718993 d:RetainedEarningsAccumulatedLosses 2023-03-31 6718993 d:RetainedEarningsAccumulatedLosses 2021-12-31 6718993 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 6718993 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2021-12-31 6718993 c:OrdinaryShareClass1 2022-01-01 2023-03-31 6718993 c:OrdinaryShareClass1 2023-03-31 6718993 c:OrdinaryShareClass1 2021-12-31 6718993 c:FRS102 2022-01-01 2023-03-31 6718993 c:AuditExempt-NoAccountantsReport 2022-01-01 2023-03-31 6718993 c:AbridgedAccounts 2022-01-01 2023-03-31 6718993 c:PrivateLimitedCompanyLtd 2022-01-01 2023-03-31 6718993 2 2022-01-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 6718993









HOLIDAYS IN LAGRASSE LTD








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023


 
HOLIDAYS IN LAGRASSE LTD
REGISTERED NUMBER:6718993

BALANCE SHEET
AS AT 31 MARCH 2023

31 March
31 December
2023
2021
Note

Fixed assets
  

Tangible assets
 4 
984
1,432

  
984
1,432

Current assets
  

Debtors
 5 
461
-

Cash at bank and in hand
 6 
16,515
12,173

  
16,976
12,173

Creditors: amounts falling due within one year
 7 
(35,709)
(42,690)

Net current liabilities
  
 
 
(18,733)
 
 
(30,517)

Total assets less current liabilities
  
(17,749)
(29,085)

Net liabilities
  
(17,749)
(29,085)


Capital and reserves
  

Called up share capital 
 9 
117
117

Profit and loss account
  
(17,866)
(29,202)

  
(17,749)
(29,085)


Page 1


 
HOLIDAYS IN LAGRASSE LTD
REGISTERED NUMBER:6718993
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 income and retained earnings 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 20 November 2023.




Mr G B Viccars
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2


 
HOLIDAYS IN LAGRASSE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

The Company is incorporated in England and Wales and is limited by shares.  The registered office is located at Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 5AA.
The company's principal activity was that of the management and development of property.  

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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is Euros.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3


 
HOLIDAYS IN LAGRASSE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

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

 
2.5

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 balance sheet date in the countries where the Company operates and generates income.

 
2.6

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.

Page 4


 
HOLIDAYS IN LAGRASSE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
25%
reducing balance
Fixtures & fittings
-
25%
reducing balance
Office equipment
-
25%
reducing balance

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Page 5


 
HOLIDAYS IN LAGRASSE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.10
Financial instruments (continued)



3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2021 - 1).


4.


Tangible fixed assets







Plant & machinery
Fixtures & fittings
Office equipment
Total




Cost or valuation


At 1 January 2022
6,500
29,585
2,271
38,356



At 31 March 2023

6,500
29,585
2,271
38,356



Depreciation


At 1 January 2022
6,295
28,358
2,271
36,924


Charge for the period on owned assets
64
384
-
448



At 31 March 2023

6,359
28,742
2,271
37,372



Net book value



At 31 March 2023
141
843
-
984



At 31 December 2021
205
1,227
-
1,432


5.


Debtors

31 March
31 December
2023
2021


Other debtors
461
-

461
-


Page 6


 
HOLIDAYS IN LAGRASSE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

6.


Cash and cash equivalents

31 March
31 December
2023
2021

Cash at bank and in hand
16,515
12,173

16,515
12,173



7.


Creditors: Amounts falling due within one year

31 March
31 December
2023
2021

Payments received on account
1,810
7,290

Corporation tax
904
-

Other creditors
30,467
33,032

Accruals and deferred income
2,528
2,368

35,709
42,690



8.


Financial instruments

31 March
31 December
2023
2021

Financial assets


Financial assets measured at fair value through profit or loss
16,515
12,173




Financial assets measured at fair value through profit or loss comprise solely of cash.


9.


Share capital

31 March
31 December
2023
2021
Allotted, called up and fully paid



100 (2021 - 100) Ordinary shares of 1.17 each
117
117


Page 7


 
HOLIDAYS IN LAGRASSE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

10.


Transactions with directors

The property in which the company conducts its holiday lets is owned by the director, Mr G B Viccars. A commercial rent of €17,500 (2021 - €14,000) for the period was charged by them to the company.
Included in other creditors due within one year is a loan from the director, G Viccars  amounting to €(30,468) [2021 - €(33,032)].  


11.


Controlling party

The company was controlled throughout the current period by its sole director G Viccars.

 
Page 8