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REGISTERED NUMBER: 10282217 (England and Wales)











Financial Statements for the Year Ended 31 July 2023

for

Other World Escapes Ltd

Other World Escapes Ltd (Registered number: 10282217)

Contents of the Financial Statements
for the Year Ended 31 July 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2


Other World Escapes Ltd (Registered number: 10282217)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,066 45,390

CURRENT ASSETS
Debtors 5 22,257 21,496
Prepayments and accrued income 3,375 3,250
Cash at bank and in hand 24,571 30,334
50,203 55,080
CREDITORS
Amounts falling due within one year 6 35,552 28,842
NET CURRENT ASSETS 14,651 26,238
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,717

71,628

CREDITORS
Amounts falling due after more than one year 7 38,082 53,295
NET ASSETS 17,635 18,333

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Retained earnings 2,635 3,333
SHAREHOLDERS' FUNDS 17,635 18,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

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

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 14 January 2024 and were signed on its behalf by:





G P Beeston - Director


Other World Escapes Ltd (Registered number: 10282217)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

Other World Escapes 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: 10282217

Registered office: 239-241 Commercial Road
Portsmouth
PO1 4BJ

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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 20% on reducing balance

Government grants
Government grants are recognised in accordance with the accrual model.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

Other World Escapes Ltd (Registered number: 10282217)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 4,247 71,076 1,289 76,612
Additions 410 - 238 648
At 31 July 2023 4,657 71,076 1,527 77,260
DEPRECIATION
At 1 August 2022 1,786 28,709 727 31,222
Charge for year 575 4,237 160 4,972
At 31 July 2023 2,361 32,946 887 36,194
NET BOOK VALUE
At 31 July 2023 2,296 38,130 640 41,066
At 31 July 2022 2,461 42,367 562 45,390

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,447 4,095
Other debtors 17,810 17,401
22,257 21,496

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,643 1,004
Taxation and social security 11,562 5,615
Other creditors 19,347 22,223
35,552 28,842

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 38,082 53,295

8. DEFERRED TAX
£   
Balance at 1 August 2022 (9,826 )
Tax losses carried forward 1,085
Balance at 31 July 2023 (8,741 )

Other World Escapes Ltd (Registered number: 10282217)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Miss N L Thompson-vassel
Balance outstanding at start of year - -
Amounts advanced 1,494 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,494 -