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Registration number: 13155166

Tanylan Holidays Ltd

REPORT OF THE DIRECTORS and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Tanylan Holidays Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Tanylan Holidays Ltd

Company Information

Directors

Mr SJ Evans

Mr J Evans

Mrs B Evans

Registered office

Tanylan
Tanylan
Kidwelly
SA17 5HJ
 

Accountants

Wynne & Co
Chartered Accountants
Forestry House
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF

 

Tanylan Holidays Ltd

(Registration number: 13155166)
Balance Sheet as at 31 January 2024

Note

31 January
2024
£

31 January
2023
£

Fixed assets

 

Tangible assets

4

4,529,559

3,938,795

Current assets

 

Debtors

5

242,058

7,648

Cash at bank and in hand

 

65,134

103,779

 

307,192

111,427

Creditors: Amounts falling due within one year

6

(555,126)

(363,290)

Net current liabilities

 

(247,934)

(251,863)

Total assets less current liabilities

 

4,281,625

3,686,932

Creditors: Amounts falling due after more than one year

6

(884,114)

(497,259)

Net assets

 

3,397,511

3,189,673

Capital and reserves

 

Called up share capital

7

1,000

1,000

Share premium reserve

2,887,313

2,887,313

Retained earnings

509,198

301,360

Shareholders' funds

 

3,397,511

3,189,673

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Tanylan Holidays Ltd

(Registration number: 13155166)
Balance Sheet as at 31 January 2024

Approved and authorised by the Board on 23 May 2023 and signed on its behalf by:
 

.........................................
Mr SJ Evans
Director

 

Tanylan Holidays Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Tanylan
Tanylan
Kidwelly
SA17 5HJ
Wales

These financial statements were authorised for issue by the Board on 23 May 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Tanylan Holidays Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

20% reducing balance

Office Equipment

15% on cost

Plant and Machinery

10% reducing balance

Computer Equipment

33.3% on cost

Fixtures & Fittings

10% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Tanylan Holidays Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Tanylan Holidays Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 6).

 

Tanylan Holidays Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Properties under construction
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2023

3,413,915

85,289

5,238

379,546

90,785

3,974,773

Additions

22,583

1,406

26,500

440,167

122,643

613,299

At 31 January 2024

3,436,498

86,695

31,738

819,713

213,428

4,588,072

Depreciation

At 1 February 2023

-

17,676

1,886

-

16,866

36,428

Charge for the year

-

10,532

1,995

-

9,558

22,085

At 31 January 2024

-

28,208

3,881

-

26,424

58,513

Carrying amount

At 31 January 2024

3,436,498

58,487

27,857

819,713

187,004

4,529,559

At 31 January 2023

3,413,915

67,613

3,352

379,996

73,919

3,938,795

Included within the net book value of land and buildings above is £3,436,498 (2023 - £3,413,915) in respect of freehold land and buildings.
 

 

Tanylan Holidays Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2024

5

Debtors

Current

31 January
2024
£

31 January
2023
£

Trade debtors

1,606

2,244

Prepayments

3,429

3,215

Other debtors

207,050

-

VAT

29,973

2,189

 

242,058

7,648

 

Tanylan Holidays Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2024

6

Creditors

Creditors: amounts falling due within one year

Note

31 January
2024
£

31 January
2023
£

Due within one year

 

Bank loans and overdrafts

8

50,277

22,488

Trade creditors

 

115,604

5,664

Taxation and social security

 

863

210

Accruals and deferred income

 

5,136

8,596

Other creditors

 

383,246

326,332

 

555,126

363,290

Creditors: amounts falling due after more than one year

Note

31 January
2024
£

31 January
2023
£

Due after one year

 

Loans and borrowings

8

884,114

497,259

7

Share capital

Allotted, called up and fully paid shares

 

31 January
2024

31 January
2023

 

No.

£

No.

£

Ordinary share capital A of £1 each

361

361

361

361

Ordinary share capital B of £1 each

361

361

361

361

Ordinary share capital C of £1 each

278

278

278

278

 

1,000

1,000

1,000

1,000

 

Tanylan Holidays Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2024

8

Loans and borrowings

31 January
2024
£

31 January
2023
£

Non-current loans and borrowings

Bank borrowings

884,114

497,259

31 January
2024
£

31 January
2023
£

Current loans and borrowings

Bank borrowings

50,277

22,488

9

Dividends

Interim dividends paid

   

31 January
2024
£

 

31 January
2023
£

Interim dividend of £2.77 (2023 - £5.5402) per each Ordinary share capital A

 

1,000

 

2,000

Interim dividend of £2.77 (2023 - £5.5402) per each Ordinary share capital B

 

1,000

 

2,000

Interim dividend of £3.60 (2023 - £7.1842) per each Ordinary share capital C

 

1,000

 

2,000

   

3,000

 

6,000