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REGISTERED NUMBER: 12924575 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

North Devon Holidays Ltd

North Devon Holidays Ltd (Registered number: 12924575)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


North Devon Holidays Ltd (Registered number: 12924575)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 244,263 247,462

CURRENT ASSETS
Debtors 5 3 75
Cash at bank 26,905 24,145
26,908 24,220
CREDITORS
Amounts falling due within one year 6 271,134 271,292
NET CURRENT LIABILITIES (244,226 ) (247,072 )
TOTAL ASSETS LESS CURRENT LIABILITIES 37 390

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 34 387
SHAREHOLDERS' FUNDS 37 390

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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2024 and were signed on its behalf by:





Miss N J Vaughan - Director


North Devon Holidays Ltd (Registered number: 12924575)

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

1. STATUTORY INFORMATION

North Devon 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: 12924575

Registered office: 10 Queen Street
Newcastle
Staffordshire
ST5 1ED

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


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.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also include the element of work completed but not yet invoiced

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 - 20% on cost
Fixtures and fittings - 20% on cost

The directors consider that the value of Freehold Property within the balance sheet is a true and fair market value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

North Devon Holidays Ltd (Registered number: 12924575)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 237,818 1,866 14,131 253,815
DEPRECIATION
At 1 January 2023 - 746 5,607 6,353
Charge for year - 373 2,826 3,199
At 31 December 2023 - 1,119 8,433 9,552
NET BOOK VALUE
At 31 December 2023 237,818 747 5,698 244,263
At 31 December 2022 237,818 1,120 8,524 247,462

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3 75

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 158
Amounts owed to group undertakings 268,094 268,094
Other creditors 3,040 3,040
271,134 271,292

7. ULTIMATE CONTROLLING PARTY

The controlling party is Brampton House Limited.