Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Mr G Harrington 22/01/2021 Mrs H L Harrington 22/01/2021 05 September 2024 The principal activity of the Company during the financial year was that of letting of holiday accommodation. 13152432 2023-12-31 13152432 bus:Director1 2023-12-31 13152432 bus:Director2 2023-12-31 13152432 2022-12-31 13152432 core:CurrentFinancialInstruments 2023-12-31 13152432 core:CurrentFinancialInstruments 2022-12-31 13152432 core:ShareCapital 2023-12-31 13152432 core:ShareCapital 2022-12-31 13152432 core:RetainedEarningsAccumulatedLosses 2023-12-31 13152432 core:RetainedEarningsAccumulatedLosses 2022-12-31 13152432 core:LandBuildings 2022-12-31 13152432 core:FurnitureFittings 2022-12-31 13152432 core:LandBuildings 2023-12-31 13152432 core:FurnitureFittings 2023-12-31 13152432 core:ImmediateParent core:CurrentFinancialInstruments 2023-12-31 13152432 core:ImmediateParent core:CurrentFinancialInstruments 2022-12-31 13152432 bus:OrdinaryShareClass1 2023-12-31 13152432 2023-01-01 2023-12-31 13152432 bus:FilletedAccounts 2023-01-01 2023-12-31 13152432 bus:SmallEntities 2023-01-01 2023-12-31 13152432 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13152432 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13152432 bus:Director1 2023-01-01 2023-12-31 13152432 bus:Director2 2023-01-01 2023-12-31 13152432 2022-01-01 2022-12-31 13152432 core:LandBuildings 2023-01-01 2023-12-31 13152432 core:FurnitureFittings 2023-01-01 2023-12-31 13152432 core:LandBuildings 1 2023-01-01 2023-12-31 13152432 core:FurnitureFittings 1 2023-01-01 2023-12-31 13152432 1 2023-01-01 2023-12-31 13152432 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 13152432 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13152432 (England and Wales)

TWO BARE FEET HOLIDAYS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

TWO BARE FEET HOLIDAYS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

TWO BARE FEET HOLIDAYS LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
TWO BARE FEET HOLIDAYS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS Mr G Harrington
Mrs H L Harrington
REGISTERED OFFICE Sigma House Oak View Close
Edginswell Park
Torquay
TQ2 7FF
United Kingdom
COMPANY NUMBER 13152432 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
TWO BARE FEET HOLIDAYS LIMITED

BALANCE SHEET

As at 31 December 2023
TWO BARE FEET HOLIDAYS LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 638,832 732,031
638,832 732,031
Current assets
Cash at bank and in hand 372 368
372 368
Creditors: amounts falling due within one year 4 ( 754,006) ( 742,810)
Net current liabilities (753,634) (742,442)
Total assets less current liabilities (114,802) (10,411)
Net liabilities ( 114,802) ( 10,411)
Capital and reserves
Called-up share capital 5 100 100
Profit and loss account ( 114,902 ) ( 10,511 )
Total shareholder's deficit ( 114,802) ( 10,411)

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Two Bare Feet Holidays Limited (registered number: 13152432) were approved and authorised for issue by the Board of Directors on 05 September 2024. They were signed on its behalf by:

Mr G Harrington
Director
TWO BARE FEET HOLIDAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
TWO BARE FEET HOLIDAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Two Bare Feet Holidays Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House, Oak View Close, Edginswell Park, Torquay, TQ2 7FF.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £114,802. The Company is supported through loans from the Parent Company. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings not depreciated
Fixtures and fittings not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Land and buildings Fixtures and fittings Total
£ £ £
Cost
At 01 January 2023 718,199 13,832 732,031
Additions 1,311 0 1,311
Impairment 0 0 0
At 31 December 2023 719,510 13,832 733,342
Accumulated depreciation
At 01 January 2023 0 0 0
Impairment losses 94,510 0 94,510
At 31 December 2023 94,510 0 94,510
Net book value
At 31 December 2023 625,000 13,832 638,832
At 31 December 2022 718,199 13,832 732,031

4. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to Parent undertakings 754,006 742,810

5. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

6. Related party transactions

Transactions with entities in which the entity itself has a participating interest

2023 2022
£ £
At the balance sheet date the amount due to associated companies totalled 754,006 742,810

7. Ultimate controlling party

Parent Company:

Two Bare Feet Limited