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COMPANY REGISTRATION NUMBER: 13364163
Newquay Beach Holiday Homes Limited
Filleted Unaudited Financial Statements
30 April 2023
Newquay Beach Holiday Homes Limited
Statement of Financial Position
30 April 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
608,184
Current assets
Debtors
6
5,000
25,650
Cash at bank and in hand
2,770
5,572
------------
------------
7,770
31,222
Creditors: amounts falling due within one year
7
( 216,716)
( 31,220)
------------
------------
Net current (liabilities)/assets
( 208,946)
2
------------
------------
Total assets less current liabilities
399,238
2
Creditors: amounts falling due after more than one year
8
( 408,013)
------------
------------
Net (liabilities)/assets
( 8,775)
2
------------
------------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 8,777)
------------
------------
Shareholders (deficit)/funds
( 8,775)
2
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Newquay Beach Holiday Homes Limited
Statement of Financial Position (continued)
30 April 2023
These financial statements were approved by the board of directors and authorised for issue on 5 January 2024 , and are signed on behalf of the board by:
Ms C Y Ching
Director
Company registration number: 13364163
Newquay Beach Holiday Homes Limited
Notes to the Financial Statements
Year ended 30 April 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 33 Sidney Road, Walton-on-Thames, Surrey, KT12 2NA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax, if applicable.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 May 2022
Additions
586,319
25,724
612,043
------------
------------
------------
At 30 April 2023
586,319
25,724
612,043
------------
------------
------------
Depreciation
At 1 May 2022
Charge for the year
3,859
3,859
------------
------------
------------
At 30 April 2023
3,859
3,859
------------
------------
------------
Carrying amount
At 30 April 2023
586,319
21,865
608,184
------------
------------
------------
At 30 April 2022
------------
------------
------------
6. Debtors
2023
2022
£
£
Other debtors
5,000
25,650
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
216,716
31,220
------------
------------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
408,013
------------
------------
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Ms C Y Ching
( 13,340)
( 87,689)
( 101,029)
Mr M G Kyritsis
( 13,341)
( 87,689)
( 101,030)
------------
------------
------------
( 26,681)
( 175,378)
( 202,059)
------------
------------
------------
2022
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Ms C Y Ching
( 13,340)
( 13,340)
Mr M G Kyritsis
( 13,341)
( 13,341)
------------
------------
------------
( 26,681)
( 26,681)
------------
------------
------------