Lanzarote Villa Choice Limited 09884110 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is holiday lettings Digita Accounts Production Advanced 6.30.9574.0 true true 09884110 2022-12-01 2023-11-30 09884110 2023-11-30 09884110 bus:OrdinaryShareClass1 2023-11-30 09884110 core:CurrentFinancialInstruments 2023-11-30 09884110 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 09884110 core:FurnitureFittingsToolsEquipment 2023-11-30 09884110 bus:SmallEntities 2022-12-01 2023-11-30 09884110 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 09884110 bus:FilletedAccounts 2022-12-01 2023-11-30 09884110 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 09884110 bus:RegisteredOffice 2022-12-01 2023-11-30 09884110 bus:Director1 2022-12-01 2023-11-30 09884110 bus:Director3 2022-12-01 2023-11-30 09884110 bus:Director4 2022-12-01 2023-11-30 09884110 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 09884110 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09884110 core:OfficeEquipment 2022-12-01 2023-11-30 09884110 countries:AllCountries 2022-12-01 2023-11-30 09884110 2022-11-30 09884110 core:FurnitureFittingsToolsEquipment 2022-11-30 09884110 2021-12-01 2022-11-30 09884110 2022-11-30 09884110 bus:OrdinaryShareClass1 2022-11-30 09884110 core:CurrentFinancialInstruments 2022-11-30 09884110 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 09884110 core:FurnitureFittingsToolsEquipment 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09884110

Lanzarote Villa Choice Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Lanzarote Villa Choice Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Lanzarote Villa Choice Limited

Company Information

Directors

Mr J B Mawer

Ms K L Mawer

Mr S R Parry

Registered office

3 Stadium Court
Plantation Road
Bromborough
Wirral
CH62 3QG

Accountants

G W Kelly & Company
Chartered Certified Accountants
3 Stadium Court
Plantation Road
Bromborough
Merseyside
CH62 3QG

 

Lanzarote Villa Choice Limited

(Registration number: 09884110)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1

1

Current assets

 

Debtors

5

144,536

118,210

Cash at bank and in hand

 

84,201

75,787

 

228,737

193,997

Creditors: Amounts falling due within one year

6

(227,688)

(192,950)

Net current assets

 

1,049

1,047

Net assets

 

1,050

1,048

Capital and reserves

 

Called up share capital

7

4

3

Retained earnings

1,046

1,045

Shareholders' funds

 

1,050

1,048

For the financial 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 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.

Approved and authorised by the Board on 25 July 2024 and signed on its behalf by:
 

.........................................
Ms K L Mawer
Director

 

Lanzarote Villa Choice Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

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

The address of its registered office is:
3 Stadium Court
Plantation Road
Bromborough
Wirral
CH62 3QG

These financial statements were authorised for issue by the Board on 25 July 2024.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Lanzarote Villa Choice Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

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

Office Equipment

30% per annum straight line

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.

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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 4).

 

Lanzarote Villa Choice Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2022

1,500

1,500

At 30 November 2023

1,500

1,500

Depreciation

At 1 December 2022

1,499

1,499

At 30 November 2023

1,499

1,499

Carrying amount

At 30 November 2023

1

1

At 30 November 2022

1

1

5

Debtors

Current

2023
£

2022
£

Trade debtors

144,536

117,968

Other debtors

-

242

 

144,536

118,210

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

199,710

158,519

Taxation and social security

223

223

Other creditors

27,755

34,208

227,688

192,950

7

Share capital

Allotted, called up and fully paid shares

 

Lanzarote Villa Choice Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

2023

2022

No.

£

No.

£

Ordinary of £1 each

4

4

3

3

       

8

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

90,465

69,414