3 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 07411467 2022-12-01 2023-11-30 07411467 2023-11-30 07411467 2022-11-30 07411467 2021-11-01 2022-11-30 07411467 2022-11-30 07411467 2021-10-31 07411467 core:FurnitureFittings 2022-12-01 2023-11-30 07411467 core:MotorVehicles 2022-12-01 2023-11-30 07411467 bus:Director1 2022-12-01 2023-11-30 07411467 core:FurnitureFittings 2022-11-30 07411467 core:FurnitureFittings 2023-11-30 07411467 core:MotorVehicles 2023-11-30 07411467 core:WithinOneYear 2023-11-30 07411467 core:WithinOneYear 2022-11-30 07411467 core:ShareCapital 2023-11-30 07411467 core:ShareCapital 2022-11-30 07411467 core:RetainedEarningsAccumulatedLosses 2023-11-30 07411467 core:RetainedEarningsAccumulatedLosses 2022-11-30 07411467 core:FurnitureFittings 2022-11-30 07411467 bus:SmallEntities 2022-12-01 2023-11-30 07411467 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 07411467 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 07411467 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07411467 bus:FullAccounts 2022-12-01 2023-11-30 07411467 core:ComputerEquipment 2022-12-01 2023-11-30 07411467 core:ComputerEquipment 2022-11-30 07411467 core:ComputerEquipment 2023-11-30
COMPANY REGISTRATION NUMBER: 07411467
HARROGATE LIFESTYLE APARTMENTS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 November 2023
HARROGATE LIFESTYLE APARTMENTS LIMITED
STATEMENT OF FINANCIAL POSITION
30 November 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
38,433
11,535
CURRENT ASSETS
Debtors
6
109,165
19,160
Cash at bank and in hand
19,409
267,788
---------
---------
128,574
286,948
CREDITORS: amounts falling due within one year
7
( 158,157)
( 284,664)
---------
---------
NET CURRENT (LIABILITIES)/ASSETS
( 29,583)
2,284
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
8,850
13,819
PROVISIONS
( 7,302)
( 2,184)
-------
--------
NET ASSETS
1,548
11,635
-------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
1,448
11,535
-------
--------
SHAREHOLDERS FUNDS
1,548
11,635
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2023 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
HARROGATE LIFESTYLE APARTMENTS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 November 2023
These financial statements were approved by the board of directors and authorised for issue on 15 August 2024 , and are signed on behalf of the board by:
S J Moran
Director
Company registration number: 07411467
HARROGATE LIFESTYLE APARTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Bridge End, Leeds, England, LS1 4DJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of rents and services supplied, exclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
33% straight line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 3 (2022: 1 ).
5. TANGIBLE ASSETS
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 December 2022
16,814
3,124
19,938
Additions
15,184
23,090
38,274
--------
--------
-------
--------
At 30 November 2023
31,998
23,090
3,124
58,212
--------
--------
-------
--------
Depreciation
At 1 December 2022
5,605
2,798
8,403
Charge for the year
5,278
5,772
326
11,376
--------
--------
-------
--------
At 30 November 2023
10,883
5,772
3,124
19,779
--------
--------
-------
--------
Carrying amount
At 30 November 2023
21,115
17,318
38,433
--------
--------
-------
--------
At 30 November 2022
11,209
326
11,535
--------
--------
-------
--------
6. DEBTORS
2023
2022
£
£
Trade debtors
438
Other debtors
109,165
18,722
---------
--------
109,165
19,160
---------
--------
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
46,458
53,717
Corporation tax
40,243
Social security and other taxes
34,391
11,958
Other creditors
178,746
Other creditors
77,308
---------
---------
158,157
284,664
---------
---------