IRIS Accounts Production v23.3.1.45 07840275 director 1.11.22 31.10.23 31.10.23 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078402752022-10-31078402752023-10-31078402752022-11-012023-10-31078402752021-10-31078402752021-11-012022-10-31078402752022-10-3107840275ns10:Originalns15:EnglandWales2022-11-012023-10-3107840275ns14:PoundSterlingns10:Original2022-11-012023-10-3107840275ns10:Originalns10:Director12022-11-012023-10-3107840275ns10:Original2022-11-012023-10-3107840275ns10:Original2023-10-3107840275ns10:Originalns10:PrivateLimitedCompanyLtd2022-11-012023-10-3107840275ns10:Originalns10:SmallEntities2022-11-012023-10-3107840275ns10:Originalns10:AuditExemptWithAccountantsReport2022-11-012023-10-3107840275ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3107840275ns10:SmallCompaniesRegimeForAccountsns10:Original2022-11-012023-10-3107840275ns10:Originalns10:FullAccounts2022-11-012023-10-3107840275ns10:Originalns10:OrdinaryShareClass12022-11-012023-10-3107840275ns10:Originalns10:RegisteredOffice2022-11-012023-10-3107840275ns10:Original2022-10-3107840275ns10:Originalns5:CurrentFinancialInstruments2023-10-3107840275ns10:Originalns5:CurrentFinancialInstruments2022-10-3107840275ns10:Originalns5:Non-currentFinancialInstruments2023-10-3107840275ns10:Originalns5:Non-currentFinancialInstruments2022-10-3107840275ns5:ShareCapitalns10:Original2023-10-3107840275ns5:ShareCapitalns10:Original2022-10-3107840275ns10:Originalns5:RevaluationReserve2023-10-3107840275ns10:Originalns5:RevaluationReserve2022-10-3107840275ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-10-3107840275ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-10-3107840275ns10:Originalns5:FurnitureFittings2022-11-012023-10-3107840275ns10:Originalns5:ComputerEquipment2022-11-012023-10-3107840275ns10:Original2021-11-012022-10-3107840275ns10:Originalns5:LandBuildings2022-10-3107840275ns10:Originalns5:FurnitureFittings2022-10-3107840275ns10:Originalns5:ComputerEquipment2022-10-3107840275ns10:Original2022-10-3107840275ns10:Originalns5:LandBuildings2022-11-012023-10-3107840275ns10:Originalns5:LandBuildings2023-10-3107840275ns10:Originalns5:FurnitureFittings2023-10-3107840275ns10:Originalns5:ComputerEquipment2023-10-3107840275ns10:Originalns5:LandBuildings2022-10-3107840275ns10:Originalns5:FurnitureFittings2022-10-3107840275ns10:Originalns5:ComputerEquipment2022-10-3107840275ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3107840275ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3107840275ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-10-3107840275ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-10-3107840275ns5:Securedns10:Original2023-10-3107840275ns5:Securedns10:Original2022-10-3107840275ns10:Originalns10:OrdinaryShareClass12023-10-3107840275ns10:Originalns5:RevaluationReserve2022-10-31
REGISTERED NUMBER: 07840275 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Gosport Holiday Rentals Limited

Gosport Holiday Rentals Limited (Registered number: 07840275)






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




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Gosport Holiday Rentals Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: E Wilkinson





REGISTERED OFFICE: 24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ





REGISTERED NUMBER: 07840275 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

Gosport Holiday Rentals Limited

Report of the Accountants to the Director of
Gosport Holiday Rentals Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2023 set out on pages four to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ


Date: .............................................

Gosport Holiday Rentals Limited (Registered number: 07840275)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 866,265 866,581

CURRENT ASSETS
Debtors 5 171 171
Cash at bank 7 259
178 430
CREDITORS
Amounts falling due within one year 6 156,643 118,099
NET CURRENT LIABILITIES (156,465 ) (117,669 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

709,800

748,912

CREDITORS
Amounts falling due after more than one
year

7

(406,748

)

(436,981

)

PROVISIONS FOR LIABILITIES (46,366 ) (48,053 )
NET ASSETS 256,686 263,878

CAPITAL AND RESERVES
Called up share capital 9 4 4
Revaluation reserve 10 321,753 320,066
Retained earnings (65,071 ) (56,192 )
SHAREHOLDERS' FUNDS 256,686 263,878

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Gosport Holiday Rentals Limited (Registered number: 07840275)

Balance Sheet - continued
31 October 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 director and authorised for issue on 31 January 2024 and were signed by:





E Wilkinson - Director


Gosport Holiday Rentals Limited (Registered number: 07840275)

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

1. STATUTORY INFORMATION

Gosport 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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.

Significant judgements and estimates
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.

Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements.

Turnover
Turnover represents the value of services supplied by the company, excluding value added tax.

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 - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year 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 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.

Gosport Holiday Rentals Limited (Registered number: 07840275)

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

2. ACCOUNTING POLICIES - continued

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 NIL (2022 - 1 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 November 2022
and 31 October 2023 865,000 4,211 624 869,835
DEPRECIATION
At 1 November 2022 - 2,630 624 3,254
Charge for year - 316 - 316
At 31 October 2023 - 2,946 624 3,570
NET BOOK VALUE
At 31 October 2023 865,000 1,265 - 866,265
At 31 October 2022 865,000 1,581 - 866,581

Cost or valuation at 31 October 2023 is represented by:

Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Valuation in 2016 183,119 - - 183,119
Valuation in 2022 185,000 - - 185,000
Cost 496,881 4,211 624 501,716
865,000 4,211 624 869,835

If the freehold properties had not been revalued they would have been included at the following historical cost:

31.10.23 31.10.22
£    £   
Cost 496,881 496,881

Freehold properties were valued on an open market value basis on 31 October 2023 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 171 171

Gosport Holiday Rentals Limited (Registered number: 07840275)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 39,996 32,803
Trade creditors - 154
Taxation and social security - 181
Other creditors 116,647 84,961
156,643 118,099

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 336,748 366,981
Other creditors 70,000 70,000
406,748 436,981

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 70,000 70,000

Repayable by instalments
Bank loans more 5 yr by instal 255,000 261,528

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 367,351 393,997

The bank loans consist of mortgages relating to the freehold property at Elmhurst Road, Gosport. These loans are secured against these properties.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
4 Ordinary £1 4 4

Gosport Holiday Rentals Limited (Registered number: 07840275)

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

10. RESERVES
Revaluation
reserve
£   
At 1 November 2022 320,066
Property revaluation 1,687

At 31 October 2023 321,753

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed £105,016 (2022: £73,610) to the director.