Registered number
07470800
The Holiday Villa Company Limited
Filleted Accounts
31 December 2023
The Holiday Villa Company Limited
Registered number: 07470800
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 572 1,391
Current assets
Cash at bank and in hand 456 2,532
Creditors: amounts falling due within one year 4 (707) (865)
Net current (liabilities)/assets (251) 1,667
Net assets 321 3,058
Capital and reserves
Called up share capital 2 2
Profit and loss account 319 3,056
Shareholders' funds 321 3,058
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A E Hamer
Director
Approved by the board on 30 August 2024
The Holiday Villa Company Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer & office equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Computer & office equipment
£
Cost
At 1 January 2023 5,207
At 31 December 2023 5,207
Depreciation
At 1 January 2023 3,816
Charge for the year 819
At 31 December 2023 4,635
Net book value
At 31 December 2023 572
At 31 December 2022 1,391
4 Creditors: amounts falling due within one year 2023 2022
£ £
Director's loan account 527 1,215
Taxation and social security costs - (554)
Other creditors 180 204
707 865
5 Other information
The Holiday Villa Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Rainhall Centre
Rainhall Road
Barnoldswick
Lancashire
BB18 5 DR
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