Registered number
07716826
Hemsford Holidays Limited
Filleted Accounts
31 December 2023
Hemsford Holidays Limited
Registered number: 07716826
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 81,572 84,529
Current assets
Debtors 4 2,549 2,530
Cash at bank and in hand 7,501 6,347
10,050 8,877
Creditors: amounts falling due within one year 5 (80,251) (77,868)
Net current liabilities (70,201) (68,991)
Net assets 11,371 15,538
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 10,371 14,538
Shareholders' funds 11,371 15,538
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs E G E Jeffery
Director
Approved by the board on 25 September 2024
Hemsford Holidays Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 15% straight line
Fixtures and fittings 20% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Equipment, fixtures and fittings Total
£ £ £
Cost
At 1 January 2023 62,168 64,530 126,698
Additions - 1,070 1,070
At 31 December 2023 62,168 65,600 127,768
Depreciation
At 1 January 2023 - 42,169 42,169
Charge for the year - 4,027 4,027
At 31 December 2023 - 46,196 46,196
Net book value
At 31 December 2023 62,168 19,404 81,572
At 31 December 2022 62,168 22,361 84,529
4 Debtors 2023 2022
£ £
Other debtors 2,549 2,530
2,549 2,530
5 Creditors: amounts falling due within one year 2023 2022
£ £
Accruals 1,595 1,916
Director's loan account 78,656 75,952
80,251 77,868
6 Control and related party transactions
During the year the company was controlled by its director and shareholder.
7 Other information
Hemsford Holidays Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Mill
Kingsteignton Road
Newton Abbot
Devon
TQ12 2QA
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