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REGISTERED NUMBER: 13942159 (England and Wales)















Unaudited Financial Statements

for the Period 25 February 2022 to 28 February 2023

for

Afan Valley Holidays Ltd

Afan Valley Holidays Ltd (Registered number: 13942159)






Contents of the Financial Statements
for the Period 25 February 2022 to 28 February 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Afan Valley Holidays Ltd (Registered number: 13942159)

Statement of Financial Position
28 February 2023

Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 501,838

CURRENT ASSETS
Debtors 5 18,382
Cash at bank 25,527
43,909
CREDITORS
Amounts falling due within one year 6 600,983
NET CURRENT LIABILITIES (557,074 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(55,236

)

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings (55,336 )
SHAREHOLDERS' FUNDS (55,236 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 28 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.

Afan Valley Holidays Ltd (Registered number: 13942159)

Statement of Financial Position - continued
28 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by:





Mrs Renate Frieda Margriet Verstraeten - Director


Afan Valley Holidays Ltd (Registered number: 13942159)

Notes to the Financial Statements
for the Period 25 February 2022 to 28 February 2023

1. STATUTORY INFORMATION

Afan Valley Holidays 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: 13942159

Registered office: 01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

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.

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 - 25% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Afan Valley Holidays Ltd (Registered number: 13942159)

Notes to the Financial Statements - continued
for the Period 25 February 2022 to 28 February 2023

2. ACCOUNTING POLICIES - continued

Going concern
The company has net liabilities of £55,236.The accounts have been prepared on going concern basis as the directors have confirmed that they will continue to provide financial support to the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 460,272 55,421 515,693
At 28 February 2023 460,272 55,421 515,693
DEPRECIATION
Charge for period - 13,855 13,855
At 28 February 2023 - 13,855 13,855
NET BOOK VALUE
At 28 February 2023 460,272 41,566 501,838

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 18,382

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 280,000
Other creditors 320,983
600,983

Afan Valley Holidays Ltd (Registered number: 13942159)

Notes to the Financial Statements - continued
for the Period 25 February 2022 to 28 February 2023

7. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 280,000

The loan amounting to £280,000 is secured by the way of charge on the property situated at Bakers DIY Afan Road, Duffryn, Rhondda, Port Talbot, SA13 3ES.The charge was created in the name of GFS 1 Ltd on 26th October 2022.

8. CALLED UP SHARE CAPITAL

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

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

9. RELATED PARTY DISCLOSURES

The company owes £30,944 ( including €35,000 ) to its director, Mrs Renate Frieda Margriet Verstraeten who is also a 50% shareholder of the company as at accounting year end date.

The company owes £262 to its director, Mr Robbert-Jan Van Ravenswaaij who is also a 50% shareholder of the company as at accounting year end date.

The company owes £284,764 as at accounting year end date to Bricks & Passion Ltd, a company registered in United Kingdom (Company registered number: 13620548). Mrs Renate Frieda Margriet Verstraeten and Mr Robbert-Jan Van Ravenswaaij are also directors and shareholders of this company holding 50% each in this company.