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REGISTERED NUMBER: 11212565 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

DEE VALLEY BREAKS LTD

DEE VALLEY BREAKS LTD (REGISTERED NUMBER: 11212565)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DEE VALLEY BREAKS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTORS: C E Jones
L J Jones



REGISTERED OFFICE: Plas Hyfryd
Glyndyfrdwy
Corwen
Denbighshire
LL21 9HR



REGISTERED NUMBER: 11212565 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: National Westminster Bank plc
2 Abergele Road
Colwyn Bay
LL29 7WY

DEE VALLEY BREAKS LTD (REGISTERED NUMBER: 11212565)

BALANCE SHEET
28TH FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 132,216 140,534

CURRENT ASSETS
Debtors 5 4,062 1,123
Cash at bank 11,970 18,594
16,032 19,717
CREDITORS
Amounts falling due within one year 6 143,390 141,526
NET CURRENT LIABILITIES (127,358 ) (121,809 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,858

18,725

CREDITORS
Amounts falling due after more than one year 7 27,330 30,873
NET LIABILITIES (22,472 ) (12,148 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings (22,473 ) (12,149 )
SHAREHOLDERS' FUNDS (22,472 ) (12,148 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 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.

DEE VALLEY BREAKS LTD (REGISTERED NUMBER: 11212565)

BALANCE SHEET - continued
28TH FEBRUARY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th November 2023 and were signed on its behalf by:





C E Jones - Director


DEE VALLEY BREAKS LTD (REGISTERED NUMBER: 11212565)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023

1. STATUTORY INFORMATION

Dee Valley Breaks Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 50 years
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 1 (2022 - 1 ) .

DEE VALLEY BREAKS LTD (REGISTERED NUMBER: 11212565)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1st March 2022 139,224 541 17,659
Additions 1,488 137 -
At 28th February 2023 140,712 678 17,659
DEPRECIATION
At 1st March 2022 9,990 270 13,625
Charge for year 2,814 170 3,830
At 28th February 2023 12,804 440 17,455
NET BOOK VALUE
At 28th February 2023 127,908 238 204
At 28th February 2022 129,234 271 4,034

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st March 2022 12,500 1,472 171,396
Additions 124 - 1,749
At 28th February 2023 12,624 1,472 173,145
DEPRECIATION
At 1st March 2022 6,250 727 30,862
Charge for year 3,156 97 10,067
At 28th February 2023 9,406 824 40,929
NET BOOK VALUE
At 28th February 2023 3,218 648 132,216
At 28th February 2022 6,250 745 140,534

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 1,187 140
Deferred tax asset 2,126 263
Prepayments 749 720
4,062 1,123

DEE VALLEY BREAKS LTD (REGISTERED NUMBER: 11212565)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 3,542 3,238
Trade creditors - 2,292
Social security and other taxes 143 -
VAT 1,571 639
Directors' current accounts 124,953 128,397
Accruals and deferred income 6,072 -
Accrued expenses 7,109 6,960
143,390 141,526

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years 3,867 3,542
Bank loans - 2-5 years 13,939 12,738
Bank loans - over 5 years 9,524 14,593
27,330 30,873

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - over 5 years 9,524 14,593

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank loans 30,872 34,111

9. DEFERRED TAX
£   
Balance at 1st March 2022 (263 )
Movement in the year due to:-
Changes in tax allowances (1,123 )
Changes in tax losses (740 )
Balance at 28th February 2023 (2,126 )

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary 1p 1 1

DEE VALLEY BREAKS LTD (REGISTERED NUMBER: 11212565)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

11. CAPITAL COMMITMENTS
28.2.23 28.2.22
£    £   
Contracted but not provided for in the
financial statements - -