REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024 |
FOR |
FRESH ESCAPES LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024 |
FOR |
FRESH ESCAPES LIMITED |
FRESH ESCAPES LIMITED (REGISTERED NUMBER: 10585435) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
FRESH ESCAPES LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Tax Advisers, Accountants |
and Business Consultants |
Vantage Point House |
Silverhills Road |
Decoy Industrial Estate |
Newton Abbot |
Devon |
TQ12 5ND |
BANKERS: |
Arbuthnot House |
7 Wilson Street |
London |
EC2M 2SN |
FRESH ESCAPES LIMITED (REGISTERED NUMBER: 10585435) |
BALANCE SHEET |
31 MARCH 2024 |
2024 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
FRESH ESCAPES LIMITED (REGISTERED NUMBER: 10585435) |
BALANCE SHEET - continued |
31 MARCH 2024 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
FRESH ESCAPES LIMITED (REGISTERED NUMBER: 10585435) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024 |
1. | STATUTORY INFORMATION |
Fresh Escapes Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
FRESH ESCAPES LIMITED (REGISTERED NUMBER: 10585435) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024 |
2. | ACCOUNTING POLICIES - continued |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Software |
£ |
COST |
Additions |
At 31 March 2024 |
AMORTISATION |
Amortisation for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 December 2022 |
Additions |
At 31 March 2024 |
DEPRECIATION |
At 1 December 2022 |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 30 November 2022 |
FRESH ESCAPES LIMITED (REGISTERED NUMBER: 10585435) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024 |
6. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 December 2022 |
and 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 30 November 2022 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
£ | £ |
Trade debtors |
Amounts owed by associates |
Other debtors |
Directors' current accounts | - |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to associates |
Tax |
VAT |
Other creditors |
Directors' current accounts | - |
Accrued expenses |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the period ended 31 March 2024 and the year ended 30 November 2022: |
2024 | 2022 |
£ | £ |
Balance outstanding at start of period | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period | ( |
) |
FRESH ESCAPES LIMITED (REGISTERED NUMBER: 10585435) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024 |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
Balance outstanding at start of period | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period | ( |
) |
Loans are unsecured, interest free and repayable on demand. |
10. | RELATED PARTY DISCLOSURES |
During the period, total dividends of £142,000 (2022 - £114,000) were paid to the directors . |
During the year, the company rented the directors personal residence under a Licence to Occupy agreement for £1,029. |
During the period the company repaid Fresh Move Ltd, a company Mr James Gardner & Mrs Fiona Gardner are also Directors of, an amount of £570 (2022: £Nil). The amount owing to Fresh Move Ltd relating to this loan at the period end, is £49,719 (2022: £50,289). |
The company also borrowed an amount of £15,087 from Dart Valley Cottages Ltd during the period, a company that is 100% owned by Fresh Escapes Limited, an amount of £10,928 was owed to Dart Valley Cottages Ltd at the period end (2022: £4,160 lent to the company). |
The loans are unsecured, interest free and repayable on demand. |