IRIS Accounts Production v23.3.1.45 03817164 director 1.10.22 30.9.23 30.9.23 false false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh038171642022-09-30038171642023-09-30038171642022-10-012023-09-30038171642021-09-30038171642021-10-012022-09-30038171642022-09-3003817164ns10:Originalns15:EnglandWales2022-10-012023-09-3003817164ns14:PoundSterlingns10:Original2022-10-012023-09-3003817164ns10:Originalns10:Director12022-10-012023-09-3003817164ns10:Original2022-10-012023-09-3003817164ns10:Original2023-09-3003817164ns10:Originalns10:PrivateLimitedCompanyLtd2022-10-012023-09-3003817164ns10:Originalns10:SmallEntities2022-10-012023-09-3003817164ns10:Originalns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3003817164ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3003817164ns10:SmallCompaniesRegimeForAccountsns10:Original2022-10-012023-09-3003817164ns10:Originalns10:FullAccounts2022-10-012023-09-3003817164ns10:Original2022-09-3003817164ns10:Originalns5:CurrentFinancialInstruments2023-09-3003817164ns10:Originalns5:CurrentFinancialInstruments2022-09-3003817164ns10:Originalns5:Non-currentFinancialInstruments2023-09-3003817164ns10:Originalns5:Non-currentFinancialInstruments2022-09-3003817164ns5:ShareCapitalns10:Original2023-09-3003817164ns5:ShareCapitalns10:Original2022-09-3003817164ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-09-3003817164ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-3003817164ns10:Originalns10:RegisteredOffice2022-10-012023-09-3003817164ns10:Originalns5:PlantMachinery2022-10-012023-09-3003817164ns10:Originalns5:FurnitureFittings2022-10-012023-09-3003817164ns10:Originalns5:MotorVehicles2022-10-012023-09-3003817164ns10:Originalns5:ComputerEquipment2022-10-012023-09-3003817164ns10:Original2021-10-012022-09-3003817164ns10:Originalns5:PlantMachinery2022-09-3003817164ns10:Originalns5:FurnitureFittings2022-09-3003817164ns10:Originalns5:MotorVehicles2022-09-3003817164ns10:Originalns5:ComputerEquipment2022-09-3003817164ns10:Original2022-09-3003817164ns10:Originalns5:PlantMachinery2023-09-3003817164ns10:Originalns5:FurnitureFittings2023-09-3003817164ns10:Originalns5:MotorVehicles2023-09-3003817164ns10:Originalns5:ComputerEquipment2023-09-3003817164ns10:Originalns5:PlantMachinery2022-09-3003817164ns10:Originalns5:FurnitureFittings2022-09-3003817164ns10:Originalns5:MotorVehicles2022-09-3003817164ns10:Originalns5:ComputerEquipment2022-09-3003817164ns10:Originalns5:CostValuation2022-09-3003817164ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3003817164ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3003817164ns5:Securedns10:Original2023-09-3003817164ns5:Securedns10:Original2022-09-3003817164ns10:Originalns5:DeferredTaxation2022-09-3003817164ns10:Originalns5:DeferredTaxation2022-10-012023-09-3003817164ns10:Originalns5:DeferredTaxation2023-09-30
REGISTERED NUMBER: 03817164 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Lifestyle Holidays Limited

Lifestyle Holidays Limited (Registered number: 03817164)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Lifestyle Holidays Limited (Registered number: 03817164)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,923,404 1,916,275
Investments 5 1,318,262 1,318,262
3,241,666 3,234,537

CURRENT ASSETS
Debtors 6 210,075 252,889
Cash at bank 1,126,582 1,021,569
1,336,657 1,274,458
CREDITORS
Amounts falling due within one year 7 (1,354,774 ) (1,767,789 )
NET CURRENT LIABILITIES (18,117 ) (493,331 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,223,549 2,741,206

CREDITORS
Amounts falling due after more than one
year

8

(259,259

)

(445,132

)

PROVISIONS FOR LIABILITIES 10 (284,882 ) (217,006 )
NET ASSETS 2,679,408 2,079,068

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,679,308 2,078,968
SHAREHOLDERS' FUNDS 2,679,408 2,079,068

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 director acknowledges his 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.

Lifestyle Holidays Limited (Registered number: 03817164)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 February 2024 and were signed by:





Mr S B Metcalfe - Director


Lifestyle Holidays Limited (Registered number: 03817164)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Lifestyle Holidays Limited 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: 03817164

Registered office: Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX

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, net of VAT.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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 - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.


Lifestyle Holidays Limited (Registered number: 03817164)

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 17 (2022 - 23 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 3,331,566 1,491,572 105,309 7,727 4,936,174
Additions 318,885 50,826 - - 369,711
At 30 September 2023 3,650,451 1,542,398 105,309 7,727 5,305,885
DEPRECIATION
At 1 October 2022 1,865,858 1,065,013 82,088 6,940 3,019,899
Charge for year 267,689 88,692 5,806 395 362,582
At 30 September 2023 2,133,547 1,153,705 87,894 7,335 3,382,481
NET BOOK VALUE
At 30 September 2023 1,516,904 388,693 17,415 392 1,923,404
At 30 September 2022 1,465,708 426,559 23,221 787 1,916,275

Lifestyle Holidays Limited (Registered number: 03817164)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2022
and 30 September 2023 1,318,262
NET BOOK VALUE
At 30 September 2023 1,318,262
At 30 September 2022 1,318,262

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 207,845 228,394
Other debtors 2,230 24,495
210,075 252,889

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 187,633 197,964
Trade creditors 42,941 39,567
Amounts owed to group undertakings - 453,396
Taxation and social security 9,154 9,052
Other creditors 1,115,046 1,067,810
1,354,774 1,767,789

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans 259,259 445,132

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans 446,892 643,096

The Bank loan is secured by a Debenture over all property and assets of the company in favour of the Royal Bank of Scotland.

10. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax 284,882 217,006

Lifestyle Holidays Limited (Registered number: 03817164)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2022 217,006
Charge to Income Statement during year 67,876
Balance at 30 September 2023 284,882