Registered number
13677585
GREENHILL HOLIDAYS LTD
Filleted Accounts
31 December 2023
GREENHILL HOLIDAYS LTD
Registered number: 13677585
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 413,355 414,612
Current assets
Cash at bank and in hand 1,567 1,125
Creditors: amounts falling due within one year 4 (600) (600)
Net current assets 967 525
Total assets less current liabilities 414,322 415,137
Creditors: amounts falling due after more than one year 5 (434,628) (427,323)
Net liabilities (20,306) (12,186)
Capital and reserves
Called up share capital 1 1
Profit and loss account (20,307) (12,187)
Shareholders' funds (20,306) (12,186)
The directors are 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 directors acknowledge their 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.
C E Lawton
Director
Approved by the board on 25 September 2024
GREENHILL HOLIDAYS LTD
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).
Rental income
Rental income represents the value of rents receivable under short-term holiday letting income received during the year. Rental income is credited to the profit and loss account for the period of occupation of the property during the financial year.
Investment properties are included at the purchased cost, including directly attributable expenditure. Changes in fair value of the property are recognised through the profit and loss account.
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 over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
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 (ie 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 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 409,585 6,704 416,289
At 31 December 2023 409,585 6,704 416,289
Depreciation
At 1 January 2023 - 1,677 1,677
Charge for the year - 1,257 1,257
At 31 December 2023 - 2,934 2,934
Net book value
At 31 December 2023 409,585 3,770 413,355
At 31 December 2022 409,585 5,027 414,612
Freehold land and buildings: 2023 2022
£ £
Historical cost 409,585 409,585
Cumulative depreciation based on historical cost - -
409,585 409,585
Freehold property is stated at historical cost. As the property was acquired during the year ended 31 December 2022 the directors consider the value to be correct at the 31 December 2023.
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 600 600
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 242,800 242,800
Other creditors 191,828 184,523
434,628 427,323
6 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 242,800 242,800
The bank loan is secured on the freehold property owned by the company.
7 Related party transactions
At 31 December 2023 an amount of £191,828 (2022:£184,523) was shown due to the directors. The directors have agreed that they will not withdraw any funds until the company is in a strong enough financial position to make any repayments.
8 Controlling party
The company is wholly owned and controlled by the directors.
9 Other information
GREENHILL HOLIDAYS LTD is a private company limited by shares and incorporated in England. Its registered office is:
9 Moat House Square
Thorp Arch
Wetherby
West Yorkshire
LS23 7FB
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