Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalse2022-10-012No description of principal activity2true 04700393 2022-10-01 2023-09-30 04700393 2021-10-01 2022-09-30 04700393 2023-09-30 04700393 2022-09-30 04700393 c:Director1 2022-10-01 2023-09-30 04700393 d:Buildings 2022-10-01 2023-09-30 04700393 d:Buildings 2023-09-30 04700393 d:Buildings 2022-09-30 04700393 d:Buildings d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 04700393 d:PlantMachinery 2022-10-01 2023-09-30 04700393 d:PlantMachinery 2023-09-30 04700393 d:PlantMachinery 2022-09-30 04700393 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 04700393 d:MotorVehicles 2022-10-01 2023-09-30 04700393 d:MotorVehicles 2023-09-30 04700393 d:MotorVehicles 2022-09-30 04700393 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 04700393 d:FurnitureFittings 2022-10-01 2023-09-30 04700393 d:FurnitureFittings 2023-09-30 04700393 d:FurnitureFittings 2022-09-30 04700393 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 04700393 d:OtherPropertyPlantEquipment 2022-10-01 2023-09-30 04700393 d:OtherPropertyPlantEquipment 2023-09-30 04700393 d:OtherPropertyPlantEquipment 2022-09-30 04700393 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 04700393 d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 04700393 d:ComputerSoftware 2023-09-30 04700393 d:ComputerSoftware 2022-09-30 04700393 d:CurrentFinancialInstruments 2023-09-30 04700393 d:CurrentFinancialInstruments 2022-09-30 04700393 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 04700393 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 04700393 d:ShareCapital 2023-09-30 04700393 d:ShareCapital 2022-09-30 04700393 d:RetainedEarningsAccumulatedLosses 2023-09-30 04700393 d:RetainedEarningsAccumulatedLosses 2022-09-30 04700393 c:FRS102 2022-10-01 2023-09-30 04700393 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 04700393 c:FullAccounts 2022-10-01 2023-09-30 04700393 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 04700393 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 04700393 d:AcceleratedTaxDepreciationDeferredTax 2022-09-30 04700393 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2022-10-01 2023-09-30 04700393 d:ComputerSoftware d:OwnedIntangibleAssets 2022-10-01 2023-09-30 04700393 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure
Registered number: 04700393


PRETTY GREEK VILLAS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
PRETTY GREEK VILLAS LIMITED
REGISTERED NUMBER: 04700393

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
  
15,667
-

Tangible assets
 5 
78,993
88,361

  
94,660
88,361

Current assets
  

Debtors: amounts falling due within one year
 6 
51,242
72,800

Cash at bank and in hand
  
532,913
489,465

  
584,155
562,265

Creditors: amounts falling due within one year
 7 
(295,690)
(233,268)

Net current assets
  
 
 
288,465
 
 
328,997

Total assets less current liabilities
  
383,125
417,358

Provisions for liabilities
  

Deferred tax
 8 
(110)
(2,026)

  
 
 
(110)
 
 
(2,026)

Net assets
  
383,015
415,332


Capital and reserves
  

Called up share capital 
  
30,000
30,000

Profit and loss account
  
353,015
385,332

  
383,015
415,332


Page 1

 
PRETTY GREEK VILLAS LIMITED
REGISTERED NUMBER: 04700393
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2023

The director considers 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 director acknowledges his 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 12 August 2024.




B E Bland
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
PRETTY GREEK VILLAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Pretty Greek Villas Limited is a private company limited by shares incorporated in England, United Kingdom. The address of the registered office is 207 Regent Street, 3rd Floor Suite, London, England, W1B 3HH.
The principal activity of the company is that of providing Greek villa holidays.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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.

  
2.3

Revenue

Turnover represents revenue from the sale of villa holidays. Turnover is recognised on the date of departure and the related cost of providing the holidays are charged to the profit and loss account on the same basis.

Page 3

 
PRETTY GREEK VILLAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
PRETTY GREEK VILLAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Plant and machinery
-
25% straight line
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
33% reducing balance
Asset under construction
-
when asset is brought into use

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
PRETTY GREEK VILLAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

  
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Intangible assets




Computer software

£



Cost


Additions
17,408



At 30 September 2023

17,408



Amortisation


Charge for the year on owned assets
1,741



At 30 September 2023

1,741



Net book value



At 30 September 2023
15,667



At 30 September 2022
-



Page 6

 
PRETTY GREEK VILLAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Tangible fixed assets





Land
Plant and machinery
Motor vehicles
Fixtures and fittings
Asset under construction

£
£
£
£
£



Cost or valuation


At 1 October 2022
13,507
16,093
65,672
21,501
38,357



At 30 September 2023

13,507
16,093
65,672
21,501
38,357



Depreciation


At 1 October 2022
-
16,093
32,220
18,456
-


Charge for the year on owned assets
-
-
8,363
1,005
-



At 30 September 2023

-
16,093
40,583
19,461
-



Net book value



At 30 September 2023
13,507
-
25,089
2,040
38,357



At 30 September 2022
13,507
-
33,452
3,045
38,357

Total

£



Cost or valuation


At 1 October 2022
155,130



At 30 September 2023

155,130



Depreciation


At 1 October 2022
66,769


Charge for the year on owned assets
9,368



At 30 September 2023

76,137



Net book value



At 30 September 2023
78,993



At 30 September 2022
88,361
Page 7

 
PRETTY GREEK VILLAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

           5.Tangible fixed assets (continued)


Page 8

 
PRETTY GREEK VILLAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


Debtors

2023
2022
£
£


Prepayments and accrued income
45,071
72,800

Tax recoverable
6,171
-

51,242
72,800



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
207,660
88,022

Corporation tax
-
13,724

Other taxation and social security
-
360

Other creditors
11,179
30,431

Accruals and deferred income
76,851
100,731

295,690
233,268



8.


Deferred taxation




2023


£






At beginning of year
(2,026)


Charged to profit or loss
1,916



At end of year
(110)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(110)
(2,026)

(110)
(2,026)

Page 9

 
PRETTY GREEK VILLAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9.


Controlling party

The company is under the joint control of B E Bland and M L Bland by virtue of their shareholdings.

 
Page 10