Travelstyle Limited 01566801 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the letting and management of commercial property Digita Accounts Production Advanced 6.30.9574.0 true 01566801 2023-01-01 2023-12-31 01566801 2023-12-31 01566801 bus:Director1 1 2023-12-31 01566801 bus:Director3 1 2023-12-31 01566801 bus:OrdinaryShareClass2 2023-12-31 01566801 core:CurrentFinancialInstruments 2023-12-31 01566801 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 01566801 core:FurnitureFittingsToolsEquipment 2023-12-31 01566801 core:LandBuildings 2023-12-31 01566801 bus:SmallEntities 2023-01-01 2023-12-31 01566801 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 01566801 bus:FilletedAccounts 2023-01-01 2023-12-31 01566801 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01566801 bus:RegisteredOffice 2023-01-01 2023-12-31 01566801 bus:CompanySecretary1 2023-01-01 2023-12-31 01566801 bus:Director1 2023-01-01 2023-12-31 01566801 bus:Director1 1 2023-01-01 2023-12-31 01566801 bus:Director3 2023-01-01 2023-12-31 01566801 bus:Director3 1 2023-01-01 2023-12-31 01566801 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 01566801 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01566801 bus:Agent1 2023-01-01 2023-12-31 01566801 core:FurnitureFittings 2023-01-01 2023-12-31 01566801 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 01566801 core:LandBuildings 2023-01-01 2023-12-31 01566801 core:OfficeEquipment 2023-01-01 2023-12-31 01566801 countries:EnglandWales 2023-01-01 2023-12-31 01566801 2022-12-31 01566801 bus:Director1 1 2022-12-31 01566801 bus:Director3 1 2022-12-31 01566801 core:FurnitureFittingsToolsEquipment 2022-12-31 01566801 core:LandBuildings 2022-12-31 01566801 2022-01-01 2022-12-31 01566801 2022-12-31 01566801 bus:Director1 1 2022-12-31 01566801 bus:Director3 1 2022-12-31 01566801 bus:OrdinaryShareClass2 2022-12-31 01566801 core:CurrentFinancialInstruments 2022-12-31 01566801 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 01566801 core:FurnitureFittingsToolsEquipment 2022-12-31 01566801 core:LandBuildings 2022-12-31 01566801 bus:Director1 1 2022-01-01 2022-12-31 01566801 bus:Director3 1 2022-01-01 2022-12-31 01566801 bus:Director1 1 2021-12-31 01566801 bus:Director3 1 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01566801

Travelstyle Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 December 2023

 

Travelstyle Limited

Contents

Company Information

1

Accountants' Report

2

Abridged Balance Sheet

3 to 4

Notes to the Unaudited Abridged Financial Statements

5 to 8

 

Travelstyle Limited

Company Information

Directors

Mrs Hsiao Ping Taylor

Mrs Mary Anne Taylor

Company secretary

Mr Raymond Eric Puttick

Registered office

Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

Solicitors

Boyce Hatton
12 Tor Hill Road
Castle Circus
Torquay
Devon
TQ2 5RB

Accountants

Easterbrook Eaton Limited
Chartered Accountants
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Travelstyle Limited
for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Travelstyle Limited for the year ended 31 December 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Travelstyle Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Travelstyle Limited and state those matters that we have agreed to state to the Board of Directors of Travelstyle Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Travelstyle Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Travelstyle Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Travelstyle Limited. You consider that Travelstyle Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Travelstyle Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Easterbrook Eaton Limited
Chartered Accountants
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

4 September 2024

 

Travelstyle Limited

(Registration number: 01566801)
Abridged Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,404,644

1,404,141

Current assets

 

Debtors

-

2,426

Cash at bank and in hand

 

217,961

212,835

 

217,961

215,261

Prepayments and accrued income

 

3,307

7,906

Creditors: Amounts falling due within one year

(95,770)

(84,491)

Net current assets

 

125,498

138,676

Total assets less current liabilities

 

1,530,142

1,542,817

Accruals and deferred income

 

(4,179)

(3,353)

Net assets

 

1,525,963

1,539,464

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

1,525,863

1,539,364

Shareholders' funds

 

1,525,963

1,539,464

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 September 2024 and signed on its behalf by:
 

 

Travelstyle Limited

(Registration number: 01566801)
Abridged Balance Sheet as at 31 December 2023

.........................................
Mrs Hsiao Ping Taylor
Director

.........................................
Mrs Mary Anne Taylor
Director

 

Travelstyle Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Cosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

The principal place of business is:
34-36 Torbay Road
Paignton
Devon
TQ4 6AL

These financial statements were authorised for issue by the Board on 4 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

 

Travelstyle Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

25% p.a reducing balance basis

Office Equipment

30% p.a. reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Travelstyle Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

1,402,699

29,134

1,431,833

Additions

-

1,289

1,289

At 31 December 2023

1,402,699

30,423

1,433,122

Depreciation

At 1 January 2023

-

27,692

27,692

Charge for the year

-

786

786

At 31 December 2023

-

28,478

28,478

Carrying amount

At 31 December 2023

1,402,699

1,945

1,404,644

At 31 December 2022

1,402,699

1,442

1,404,141

Included within the net book value of land and buildings above is £1,402,699 (2022 - £1,402,699) in respect of freehold land and buildings.
 

5

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary Shares of £0.01 each

10,000

100

10,000

100

       
 

Travelstyle Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

6

Related party transactions

Transactions with directors

2023

At 1 January 2023
£

Advances to director
£

Repayments by director
£

Other payments made to company by director
£

At 31 December 2023
£

Mrs Mary Anne Taylor

Directors Loan Account Transactions

(3,517)

50,772

(9,232)

(39,000)

(977)

Mrs Hsiao Ping Taylor

Directors Loan Account Transactions

(4,961)

56,328

(8,192)

(48,000)

(4,825)

2022

At 1 January 2022
£

Advances to director
£

Repayments by director
£

Other payments made to company by director
£

At 31 December 2022
£

Mrs Mary Anne Taylor

Directors Loan Account Transactions

(2,441)

55,436

(8,512)

(48,000)

(3,517)

Mrs Hsiao Ping Taylor

Directors Loan Account Transactions

(10,737)

62,345

(8,569)

(48,000)

(4,961)