Aw Stays Ltd 14677198 false 2023-02-20 2024-03-31 2024-03-31 The principal activity of the company is Rental income from rental properties. Digita Accounts Production Advanced 6.30.9574.0 true true 14677198 2023-02-20 2024-03-31 14677198 2024-03-31 14677198 core:RetainedEarningsAccumulatedLosses 2024-03-31 14677198 core:ShareCapital 2024-03-31 14677198 core:CurrentFinancialInstruments 2024-03-31 14677198 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14677198 core:Non-currentFinancialInstruments 2024-03-31 14677198 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 14677198 bus:SmallEntities 2023-02-20 2024-03-31 14677198 bus:AuditExemptWithAccountantsReport 2023-02-20 2024-03-31 14677198 bus:FilletedAccounts 2023-02-20 2024-03-31 14677198 bus:SmallCompaniesRegimeForAccounts 2023-02-20 2024-03-31 14677198 bus:RegisteredOffice 2023-02-20 2024-03-31 14677198 bus:Director1 2023-02-20 2024-03-31 14677198 bus:PrivateLimitedCompanyLtd 2023-02-20 2024-03-31 14677198 countries:EnglandWales 2023-02-20 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 14677198

Aw Stays Ltd

Annual Report and Unaudited Financial Statements

for the Period from 20 February 2023 to 31 March 2024

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Aw Stays Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Aw Stays Ltd

Company Information

Director

Mr Adam Wood

Registered office

2-4 Ash Lane
Rustington
Littlehampton
West Sussex
BN16 3BZ

Accountants

Lucraft Hodgson & Dawes LLP
2/4 Ash Lane
Rustington
West Sussex
BN16 3BZ

 

Aw Stays Ltd

(Registration number: 14677198)
Balance Sheet as at 31 March 2024

Note

2024
£

Current assets

 

Debtors

4

2,783

Cash at bank and in hand

 

3,164

 

5,947

Creditors: Amounts falling due within one year

5

(29,319)

Total assets less current liabilities

 

(23,372)

Creditors: Amounts falling due after more than one year

5

(10,598)

Net liabilities

 

(33,970)

Capital and reserves

 

Called up share capital

1

Profit and loss account

(33,971)

Shareholders' deficit

 

(33,970)

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 November 2024
 

.........................................
Mr Adam Wood
Director

 

Aw Stays Ltd

Notes to the Unaudited Financial Statements for the Period from 20 February 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2-4 Ash Lane
Rustington
Littlehampton
West Sussex
BN16 3BZ
England

These financial statements were authorised for issue by the director on 19 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling, which is also the company's functional currency. The financial statements are rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Aw Stays Ltd

Notes to the Unaudited Financial Statements for the Period from 20 February 2023 to 31 March 2024

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Aw Stays Ltd

Notes to the Unaudited Financial Statements for the Period from 20 February 2023 to 31 March 2024

4

Debtors

Current

2024
£

Other debtors

2,783

 

2,783

 

Aw Stays Ltd

Notes to the Unaudited Financial Statements for the Period from 20 February 2023 to 31 March 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Loans and borrowings

6

28,406

Accruals and deferred income

 

913

 

29,319

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

6

10,598

 

10,598

6

Loans and borrowings

2024
£

Non-current loans and borrowings

Other borrowings

10,598

10,598

2024
£

Current loans and borrowings

Other borrowings

28,406

28,406