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REGISTERED NUMBER: 14237984 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 15 JULY 2022 TO 31 DECEMBER 2023

FOR

T.I. HOLIDAYS LIMITED

T.I. HOLIDAYS LIMITED (REGISTERED NUMBER: 14237984)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 15 JULY 2022 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T.I. HOLIDAYS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 15 JULY 2022 TO 31 DECEMBER 2023







DIRECTORS: Mr A J Townsend
Mrs S L Townsend





REGISTERED OFFICE: 26 Fernside Road
Bournemouth
Dorset
BH9 2LB





REGISTERED NUMBER: 14237984 (England and Wales)





ACCOUNTANTS: Lang Bennetts
The Old Carriage Works
Moresk Road
TRURO
Cornwall
TR1 1DG

T.I. HOLIDAYS LIMITED (REGISTERED NUMBER: 14237984)

BALANCE SHEET
31 DECEMBER 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 7,917
Investment property 5 682,099
690,016

CURRENT ASSETS
Debtors 6 3,320
Cash at bank 1,452
4,772
CREDITORS
Amounts falling due within one year 7 5,305
NET CURRENT LIABILITIES (533 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

689,483

CREDITORS
Amounts falling due after more than one year 8 738,734
NET LIABILITIES (49,251 )

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings (49,253 )
(49,251 )

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

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

T.I. HOLIDAYS LIMITED (REGISTERED NUMBER: 14237984)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2024 and were signed on its behalf by:





Mrs S L Townsend - Director


T.I. HOLIDAYS LIMITED (REGISTERED NUMBER: 14237984)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 15 JULY 2022 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

T.I. Holidays 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.

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

Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured using a percentage of completion method.

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 etc - 20% on reducing balance

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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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 period was NIL.

T.I. HOLIDAYS LIMITED (REGISTERED NUMBER: 14237984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 15 JULY 2022 TO 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 10,000
At 31 December 2023 10,000
DEPRECIATION
Charge for period 2,083
At 31 December 2023 2,083
NET BOOK VALUE
At 31 December 2023 7,917

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 682,099
At 31 December 2023 682,099
NET BOOK VALUE
At 31 December 2023 682,099

The investment property was valued at 31 December 2023 by the directors, on an open market value basis. The current value of the investment property is considered to be the same as its cost in December 2022 and no revaluation adjustment has yet been made..

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 1,781
Other debtors 1,539
3,320

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 5,305

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 476,734
Other creditors 262,000
738,734

T.I. HOLIDAYS LIMITED (REGISTERED NUMBER: 14237984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 15 JULY 2022 TO 31 DECEMBER 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 476,734

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A Townsend and Mrs S Townsend.