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REGISTERED NUMBER: 05754020 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

MYNARDS HOLIDAYS LIMITED

MYNARDS HOLIDAYS LIMITED (REGISTERED NUMBER: 05754020)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MYNARDS HOLIDAYS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: C Mynard





SECRETARY: S A Mynard





REGISTERED OFFICE: First Floor
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG





REGISTERED NUMBER: 05754020 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

MYNARDS HOLIDAYS LIMITED (REGISTERED NUMBER: 05754020)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 900
Tangible assets 5 967,854 6,649
967,854 7,549

CURRENT ASSETS
Debtors 6 2,072 143,682
Cash at bank and in hand 45,519 66,513
47,591 210,195
CREDITORS
Amounts falling due within one year 7 102,161 124,344
NET CURRENT (LIABILITIES)/ASSETS (54,570 ) 85,851
TOTAL ASSETS LESS CURRENT
LIABILITIES

913,284

93,400

CREDITORS
Amounts falling due after more than
one year

8

(873,783

)

(22,356

)

PROVISIONS FOR LIABILITIES (230 ) (1,434 )
NET ASSETS 39,271 69,610

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 39,270 69,609
39,271 69,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

MYNARDS HOLIDAYS LIMITED (REGISTERED NUMBER: 05754020)

BALANCE SHEET - continued
31 JANUARY 2024


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 25 July 2024 and were signed by:





C Mynard - Director


MYNARDS HOLIDAYS LIMITED (REGISTERED NUMBER: 05754020)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Mynards 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

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 cost

Freehold property - 40 years on cost

Going concern
The company has cash resources and has no requirement for external funding. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis appropriate in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 6 ) .

MYNARDS HOLIDAYS LIMITED (REGISTERED NUMBER: 05754020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 4,500
AMORTISATION
At 1 February 2023 3,600
Charge for year 900
At 31 January 2024 4,500
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 900

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 - 56,592 56,592
Additions 975,000 713 975,713
At 31 January 2024 975,000 57,305 1,032,305
DEPRECIATION
At 1 February 2023 - 49,943 49,943
Charge for year 12,552 1,956 14,508
At 31 January 2024 12,552 51,899 64,451
NET BOOK VALUE
At 31 January 2024 962,448 5,406 967,854
At 31 January 2023 - 6,649 6,649

During the year, fixed assets with a market value of £975,000 was transferred into the Company from the parent company, Mynards Limited.

MYNARDS HOLIDAYS LIMITED (REGISTERED NUMBER: 05754020)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings - 142,568
Other debtors 2,072 1,114
2,072 143,682

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 573 593
Amounts owed to group undertakings 5,000 -
Taxation and social security 923 7,655
Other creditors 95,665 116,096
102,161 124,344

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 860,014 -
Other creditors 13,769 22,356
873,783 22,356

9. TAXATION

2024 2023
£ £
Corporation tax (506 ) 1,910
Deferred tax movement (1,204 ) (1,693 )
Group relief - -
Prior year adjustment - 752
(1,710 ) 969

10. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party undertaking is Mynards Limited, a company incorporated in England and Wales. Mynards Limited is not controlled by one particular individual.