Company Registration No. 09004889 (England and Wales)
Beautiful Destinations Limited
Unaudited accounts
for the year ended 31 December 2023
Beautiful Destinations Limited
Unaudited accounts
Contents
Beautiful Destinations Limited
Company Information
for the year ended 31 December 2023
Directors
Jeremy Cunninghame Jauncey
Andrew Mark Guy
Nicholas Stephen Evans
Company Number
09004889 (England and Wales)
Registered Office
9th Floor
107 Cheapside
London
EC2V 6DN
United Kingdom
Accountants
The Accountancy Cloud
1 Fore Street Avenue
London
EC2Y 9DT
Beautiful Destinations Limited
Statement of financial position
as at 31 December 2023
Debtors
2,630,161
2,736,672
Cash at bank and in hand
181,269
48,350
Creditors: amounts falling due within one year
(1,328,465)
(21,194)
Net current assets
1,482,965
2,763,828
Net assets
2,784,346
2,763,828
Called up share capital
646
646
Share premium
1,206,076
1,206,076
Profit and loss account
1,577,624
1,557,106
Shareholders' funds
2,784,346
2,763,828
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by
Jeremy Cunninghame Jauncey
Director
Company Registration No. 09004889
Beautiful Destinations Limited
Notes to the Accounts
for the year ended 31 December 2023
Beautiful Destinations Limited is a private company, limited by shares, registered in England and Wales, registration number 09004889. The registered office is 9th Floor, 107 Cheapside, London, EC2V 6DN, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% on Cost
Computer equipment
33% on Cost
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
934
73,436
74,370
At 31 December 2023
934
74,815
75,749
At 1 January 2023
934
73,436
74,370
Charge for the year
-
383
383
At 31 December 2023
934
73,819
74,753
At 31 December 2023
-
996
996
Beautiful Destinations Limited
Notes to the Accounts
for the year ended 31 December 2023
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Investments
Other investments
Valuation at 1 January 2023
-
Valuation at 31 December 2023
1,300,385
Amounts falling due within one year
Amounts due from group undertakings etc.
2,625,376
2,727,368
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Creditors: amounts falling due within one year
2023
2022
Taxes and social security
28,080
21,194
Deferred income
1,300,385
-
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Transactions with related parties
The company charges a 30% licence fee to Beautiful Destinations Inc. and Beautiful Destinations FZ LLC based on the portion of the revenues that are attributed to distribution (publication) of content using the UK's intellectual property.
The Licence Fee for the year is £251,075 (2022: £146,146)
Any costs incurred in either Beautiful Destinations Inc., Beautiful Destinations Limited or Beautiful Destinations FZ LLC, which are deemed to be a shared cost are reallocated to each company based on % of total revenue within the group together with a 10% recharge fee.
Any cost which directly apportion-able to a specific client for Beautiful Destinations Inc., Beautiful Destinations Limited or Beautiful Destinations FZ LLC are transferred through to that company at cost. The net recharge for 2023 is £30,964 compared to a charge of £30,971 for 2022.
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Average number of employees
During the year the average number of employees was 4 (2022: 2).