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Registered number: 01162721


SUNVIL HOLIDAYS LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023

 
SUNVIL HOLIDAYS LIMITED
REGISTERED NUMBER: 01162721

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

  

Creditors: amounts falling due within one year
 3 
(10,871)
(10,871)

Net current liabilities
  
 
 
(10,871)
 
 
(10,871)

  

Net liabilities
  
(10,871)
(10,871)


Capital and reserves
  

Called up share capital 
  
2,000
2,000

Profit and loss account
  
(12,871)
(12,871)

  
(10,871)
(10,871)


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 by: 




N C L Josephides
Director

Date: 19 July 2024


The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
SUNVIL HOLIDAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Sunvil Holidays Limited is a private company limited by shares incorporated in England and Wales, United Kingdom.
The address of the registered office is given on the Company Information page of these financial statements. 
The principal activity of the Company is that of the provision of transport services to its parent company Sunvil International Sales Limited and fellow group company Villa Centre Holidays Limited.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

 
2.2

Going concern

Based on the continued support from Sunvil International Sales Limited, the directors are confident that the company, will have sufficient funds and cash reserves to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore
have prepared the financial statements on a going concern basis.

 
2.3

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.

 
2.4

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.

Page 2

 
SUNVIL HOLIDAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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 that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

  
2.6
Advanced receipts and payments

All revenue received relating to bookings that depart after the balance sheet date is treated as advance receipts and is separately disclosed under accruals and deferred income. Payments made to suppliers relating to bookings that depart after the balance sheet date are treated as advance payments and are separately disclosed under prepayments and accrued income.


3.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
10,871
10,871


Page 3

 
SUNVIL HOLIDAYS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Related party transactions

The Company has taken the exemption available to not disclose transactions within the year between wholly owned subsidiaries.
As at 31 December 2023, the Company was owed by Villa Centre Holidays Limited, a group related entity, an amount of £8,018,573 (2022: £8,018,573)
As at 31 December 2023, the Company owed Sunvil International Sales Limited, the parent entity, an amount of £12,050,446 (2022: £12,153,896).
As at 31 December 2023, the Company was owed by Discovery Worldwide Limited, a group related entity, an amount of £3,189,655 (2022: £3,189,655).
As at 31 December 2023, the Company was owed by Sunvil Uk Limited, a group related entity, an amount of £831,347 (2022: £831,347).


5.


Controlling party

The ultimate parent company is Sunvil International Sales Limited, whose registered office and prinicpal place of business is carried out at Sunvil House, Upper Square, Isleworth, Middlesex, TW7 7BJ.


6.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 19 July 2024 by Ian Palmer FCA (Senior Statutory Auditor) on behalf of Xeinadin Audit Limited.

 
Page 4