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REGISTERED NUMBER: 12888352 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

SAE HOLIDAY RENTALS LIMITED

SAE HOLIDAY RENTALS LIMITED (REGISTERED NUMBER: 12888352)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAE HOLIDAY RENTALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: S Elliott
Mrs A Elliott





REGISTERED OFFICE: Parkside House
Cross Lane
Sacriston
Co. Durham
DH7 6BA





REGISTERED NUMBER: 12888352 (England and Wales)





ACCOUNTANTS: Ribchesters
Chartered Accountants
Finchale House
Belmont Business Park
Durham
DH1 1TW

SAE HOLIDAY RENTALS LIMITED (REGISTERED NUMBER: 12888352)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 694 1,111
Tangible assets 5 63,754 74,556
Investment property 6 1,465,000 1,403,738
1,529,448 1,479,405

CURRENT ASSETS
Stocks 750 500
Debtors 7 11,045 3,246
Cash at bank 20,212 21,941
32,007 25,687
CREDITORS
Amounts falling due within one year 8 1,512,750 1,493,545
NET CURRENT LIABILITIES (1,480,743 ) (1,467,858 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,705

11,547

PROVISIONS FOR LIABILITIES 9 5,675 8,750
NET ASSETS 43,030 2,797

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 42,930 2,697
SHAREHOLDERS' FUNDS 43,030 2,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

SAE HOLIDAY RENTALS LIMITED (REGISTERED NUMBER: 12888352)

BALANCE SHEET - continued
30 SEPTEMBER 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 30 January 2024 and were signed on its behalf by:





S Elliott - Director


SAE HOLIDAY RENTALS LIMITED (REGISTERED NUMBER: 12888352)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

SAE Holiday Rentals Limited 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is the rental income falling due in the period, including rent due but not received until after the year end. The company is not VAT registered.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - straight line over 5 years
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


SAE HOLIDAY RENTALS LIMITED (REGISTERED NUMBER: 12888352)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued
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 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 October 2022
and 30 September 2023 1,250
AMORTISATION
At 1 October 2022 139
Amortisation for year 417
At 30 September 2023 556
NET BOOK VALUE
At 30 September 2023 694
At 30 September 2022 1,111

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 84,163
Additions 7,073
At 30 September 2023 91,236
DEPRECIATION
At 1 October 2022 9,607
Charge for year 17,875
At 30 September 2023 27,482
NET BOOK VALUE
At 30 September 2023 63,754
At 30 September 2022 74,556

SAE HOLIDAY RENTALS LIMITED (REGISTERED NUMBER: 12888352)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 1,403,738
Revaluations 61,262
At 30 September 2023 1,465,000
NET BOOK VALUE
At 30 September 2023 1,465,000
At 30 September 2022 1,403,738

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2023 1,465,000

If investment property had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,368,739 1,368,739

The investment properties were valued on an open market basis on 30 September 2023 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,680 -
Other debtors 3,365 3,246
11,045 3,246

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 1,512,750 1,493,545

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 5,675 8,750

SAE HOLIDAY RENTALS LIMITED (REGISTERED NUMBER: 12888352)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2022 8,750
Charge/(debit) on deferred
tax due to fair value change
on investment property (3,075 )
Balance at 30 September 2023 5,675

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary A £1.00 50 50
50 Ordinary B £1.00 50 50
100 100

11. RESERVES

The retained earnings includes £90,586 of non-distributable reserves, which relate to the increase in fair value of the investment properties, less deferred tax, which under FRS102 is recognised through the profit and loss account.

12. RELATED PARTY DISCLOSURES

During the year the directors maintained an interest free loan to the company. At the balance sheet date the
amount outstanding was £1,510,863 (2022: £1,489,079).