Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3192023-01-01falseNo description of principal activity8truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11207145 2023-01-01 2023-12-31 11207145 2022-01-01 2022-12-31 11207145 2023-12-31 11207145 2022-12-31 11207145 2022-01-01 11207145 c:Director1 2023-01-01 2023-12-31 11207145 d:Buildings d:ShortLeaseholdAssets 2023-01-01 2023-12-31 11207145 d:Buildings d:ShortLeaseholdAssets 2023-12-31 11207145 d:Buildings d:ShortLeaseholdAssets 2022-12-31 11207145 d:FurnitureFittings 2023-01-01 2023-12-31 11207145 d:FurnitureFittings 2023-12-31 11207145 d:FurnitureFittings 2022-12-31 11207145 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11207145 d:OfficeEquipment 2023-01-01 2023-12-31 11207145 d:OfficeEquipment 2023-12-31 11207145 d:OfficeEquipment 2022-12-31 11207145 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11207145 d:ComputerEquipment 2023-01-01 2023-12-31 11207145 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11207145 d:CurrentFinancialInstruments 2023-12-31 11207145 d:CurrentFinancialInstruments 2022-12-31 11207145 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11207145 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11207145 d:ShareCapital 2023-12-31 11207145 d:ShareCapital 2022-12-31 11207145 d:ShareCapital 2022-01-01 11207145 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 11207145 d:RetainedEarningsAccumulatedLosses 2023-12-31 11207145 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 11207145 d:RetainedEarningsAccumulatedLosses 2022-12-31 11207145 d:RetainedEarningsAccumulatedLosses 2022-01-01 11207145 c:FRS102 2023-01-01 2023-12-31 11207145 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11207145 c:FullAccounts 2023-01-01 2023-12-31 11207145 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11207145 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 11207145 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 11207145 2 2023-01-01 2023-12-31 11207145 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 11207145









NORFOLK HOLIDAY RENTALS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
NORFOLK HOLIDAY RENTALS LIMITED
REGISTERED NUMBER: 11207145

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
235,856
87,380

  
235,856
87,380

Current assets
  

Debtors: amounts falling due within one year
 5 
133,595
31,311

Cash at bank and in hand
  
132,865
162,601

  
266,460
193,912

Creditors: amounts falling due within one year
 6 
(351,231)
(199,102)

Net current liabilities
  
 
 
(84,771)
 
 
(5,190)

Total assets less current liabilities
  
151,085
82,190

Provisions for liabilities
  

Deferred tax
 7 
(13,405)
(11,791)

  
 
 
(13,405)
 
 
(11,791)

Net assets
  
137,680
70,399


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
137,670
70,389

  
137,680
70,399


Page 1

 
NORFOLK HOLIDAY RENTALS LIMITED
REGISTERED NUMBER: 11207145

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider 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 directors acknowledge their 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 profit and loss account 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 23 September 2024.




C A Price
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
NORFOLK HOLIDAY RENTALS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2022
10
71,727
71,737


Comprehensive income for the year

Loss for the year
-
(1,338)
(1,338)



At 1 January 2023
10
70,389
70,399


Comprehensive income for the year

Profit for the year
-
67,281
67,281


At 31 December 2023
10
137,670
137,680


Page 3

 
NORFOLK HOLIDAY RENTALS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Norfolk Holiday Rentals Limited is a private company limited by shares, incorporated in England and Wales under the Companies Act 2006, with a company number of 11207145. The address of its registered office is 17 Coronation Road, Holt, Norfolk, NR25 6BT.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
NORFOLK HOLIDAY RENTALS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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 balance sheet 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 balance sheet 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 balance sheet date.

 
2.7

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 5

 
NORFOLK HOLIDAY RENTALS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Leasehold property improvements
-
2% straight line basis
Furniture and equipment
-
20% reducing balance
Computer equipment
-
3 years straight line

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.

 
2.8

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
NORFOLK HOLIDAY RENTALS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees




The average monthly number of employees, including directors, during the year was 9 (2022 - 8).

Page 7

 
NORFOLK HOLIDAY RENTALS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Leasehold property improvement
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost


At 1 January 2023
-
112,313
1,115
113,428


Additions
150,729
22,711
404
173,844


Disposals
-
-
(633)
(633)



At 31 December 2023

150,729
135,024
886
286,639



Depreciation


At 1 January 2023
-
25,572
476
26,048


Charge for the year on owned assets
3,013
21,849
506
25,368


Disposals
-
-
(633)
(633)



At 31 December 2023

3,013
47,421
349
50,783



Net book value



At 31 December 2023
147,716
87,603
537
235,856



At 31 December 2022
-
86,741
639
87,380


5.


Debtors

2023
2022
£
£


Trade debtors
8,795
1,166

Amounts owed by associated companies
112,946
14,693

Other debtors
-
5,190

Prepayments
11,854
10,262

133,595
31,311


Page 8

 
NORFOLK HOLIDAY RENTALS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
20,548
21,540

Corporation tax
18,167
-

Other taxation and social security
38,731
13,848

Other creditors
39,076
43,715

Accruals and deferred income
234,709
119,999

351,231
199,102



7.


Deferred taxation




2023


£






At beginning of year
11,791


Charged to profit or loss
1,614



At end of year
13,405

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
13,405
11,791


8.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £7,731 (2022 £3,522). Contributions totalling £1,545 (2022 £802) were payable to the fund at the balance sheet date.


Page 9