Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falsefalsefalseNo description of principal activity55trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11919623 2023-01-01 2023-12-31 11919623 2022-01-01 2022-12-31 11919623 2023-12-31 11919623 2022-12-31 11919623 2022-01-01 11919623 c:Director3 2023-01-01 2023-12-31 11919623 d:CurrentFinancialInstruments 2023-12-31 11919623 d:CurrentFinancialInstruments 2022-12-31 11919623 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11919623 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11919623 d:ShareCapital 2023-12-31 11919623 d:ShareCapital 2022-01-01 2022-12-31 11919623 d:ShareCapital 2022-12-31 11919623 d:ShareCapital 2022-01-01 11919623 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 11919623 d:RetainedEarningsAccumulatedLosses 2023-12-31 11919623 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 11919623 d:RetainedEarningsAccumulatedLosses 2022-12-31 11919623 d:RetainedEarningsAccumulatedLosses 2022-01-01 11919623 c:OrdinaryShareClass1 2023-01-01 2023-12-31 11919623 c:OrdinaryShareClass1 2023-12-31 11919623 c:OrdinaryShareClass1 2022-12-31 11919623 c:FRS102 2023-01-01 2023-12-31 11919623 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11919623 c:FullAccounts 2023-01-01 2023-12-31 11919623 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11919623 e:USDollar 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11919623










HOLISTICA DESTINATIONS, LTD.








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
HOLISTICA DESTINATIONS, LTD.
REGISTERED NUMBER: 11919623

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
Restated 2022
Note
$
$

  

Current assets
  

Stocks
 4 
3,451,126
3,451,128

Debtors: amounts falling due within one year
 5 
5,637,063
5,608,533

Cash at bank and in hand
  
756
70,344

  
9,088,945
9,130,005

Creditors: amounts falling due within one year
 6 
(3,500)
-

Net current assets
  
 
 
9,085,445
 
 
9,130,005

Total assets less current liabilities
  
9,085,445
9,130,005

  

Net assets
  
9,085,445
9,130,005


Capital and reserves
  

Called up share capital 
 7 
9,676,082
9,676,082

Profit and loss account
  
(590,637)
(546,077)

  
9,085,445
9,130,005


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 July 2024.

M Hilwani
Director

The notes on pages 4 to 7 form part of these financial statements.
Page 1

 
HOLISTICA DESTINATIONS, LTD.
REGISTERED NUMBER: 11919623
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023


Page 2

 
HOLISTICA DESTINATIONS, LTD.
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

$
$
$


At 1 January 2022
8,368,658
(265,051)
8,103,607


Comprehensive income for the year

Loss for the year
-
(281,026)
(281,026)


Contributions by and distributions to owners

Shares issued during the year
1,307,424
-
1,307,424



Restated as at 1 January 2023
9,676,082
(546,077)
9,130,005


Comprehensive income for the year

Loss for the year
-
(44,560)
(44,560)


At 31 December 2023
9,676,082
(590,637)
9,085,445


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
HOLISTICA DESTINATIONS, LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Holistica Destinations, Ltd is a private company limited by shares, incorporated in England and Wales, registered number 11919623. 
The registered and trading address is 8 Bishopsgate, London, EC2N 4BQ.
The principal activity is the development, construction and operation of cruise ports and related real estate interests and amenities, including all potential businesses tailored to the users of the developed cruise ports.
The financial statements have been presented in US dollars ($). In preparing the financial statements, the directors consider it appropriate to present the accounnts in US dollars as it is the functional currency  due to all future revenues being generated in US dollars and the majority of future associated costs.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

During the year ended 31 December 2023 the company made a loss of $44,560 (2022: $281,026) and had retained losses of $590,637 (2022: $546,077) as at that date. The financial statements have been prepared on a going concern basis, the applicability of which is dependent on the financial support from the ultimate shareholders.

 
2.3

Foreign currency translation

Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
HOLISTICA DESTINATIONS, LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Stocks

Work in progress includes labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Creditors

Short term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).


4.


Stocks

2023
2022
$
$

Work in progress
3,451,126
3,451,128


Page 5

 
HOLISTICA DESTINATIONS, LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
As restated 2022
$
$


Amounts owed by joint ventures
5,637,063
5,608,533


The below table detemines the amounts owing to and from the joint ventures totalling the final net position shown in the table above
 
ole284a.pngole24c8.png

Page 6

 
HOLISTICA DESTINATIONS, LTD.
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
$
$

Accruals
3,500
-



7.


Share capital

2023
Restated 2022
$
$
Allotted, called up and fully paid



2,562,624 (2022 - 2,562,624) Ordinary shares of $1.00 each
2,562,624
2,562,624

Allotted, called up and partly paid



7,113,458 (2022 - 7,113,458) Ordinary shares of $1.00 each
7,113,458
7,113,458



8.


Prior year adjustment

Share capital and debtors in the year ended 31 December 2022 have been increased by $1,307,548 due to an omission of shares issued on the 14 October 2022. As a result of this correction, the overall effect of the adjustment was to increase the share capital from $8,368,534 to $9,676,082 and increase debtors from $4,301,109 to $5,608,533.  


9.


Related party transactions

Included within debtors due within one year is $5,637,063 (restated 2022: $5,608,533) due from entities, connected by virtue of their shareholdings in Holistica Destinations Ltd. 

Page 7