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REGISTERED NUMBER: 09747673 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Lets Escape Holdings Limited

Lets Escape Holdings Limited (Registered number: 09747673)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Lets Escape Holdings Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J D Marling
J E Marling





REGISTERED OFFICE: Venture House
Calne Road
Lyneham
Chippenham
SN15 4PP





BUSINESS ADDRESS: The Walled Garden
11 Manor Gardens
Bradford on Avon
Wiltshire
BA15 1FR





REGISTERED NUMBER: 09747673 (England and Wales)





ACCOUNTANTS: Venture
Chartered Accountants
Venture House
Calne Road
Lyneham
Chippenham
SN15 4PP

Lets Escape Holdings Limited (Registered number: 09747673)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 15,799 24,778
Investments 5 100 102
15,899 24,880

CURRENT ASSETS
Debtors 6 4,847,811 2,385,983
Cash at bank 1,687,466 1,021,359
6,535,277 3,407,342
CREDITORS
Amounts falling due within one year 7 130,112 132,896
NET CURRENT ASSETS 6,405,165 3,274,446
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,421,064

3,299,326

CAPITAL AND RESERVES
Called up share capital 8 22 22
Retained earnings 6,421,042 3,299,304
SHAREHOLDERS' FUNDS 6,421,064 3,299,326

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:





J D Marling - Director


Lets Escape Holdings Limited (Registered number: 09747673)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Lets Escape Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities, including trade and other payables, bank loans and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Lets Escape Holdings Limited (Registered number: 09747673)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 58,617 51,992 110,609
DEPRECIATION
At 1 May 2023 39,459 46,372 85,831
Charge for year 5,878 3,101 8,979
At 30 April 2024 45,337 49,473 94,810
NET BOOK VALUE
At 30 April 2024 13,280 2,519 15,799
At 30 April 2023 19,158 5,620 24,778

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023 102
Disposals (2 )
At 30 April 2024 100
NET BOOK VALUE
At 30 April 2024 100
At 30 April 2023 102

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 4,847,811 2,385,983

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 93,704 131,146
Other creditors 36,408 1,750
130,112 132,896

Lets Escape Holdings Limited (Registered number: 09747673)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
22 ordinary £1 22 22

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
J D Marling and J E Marling
Balance outstanding at start of year 572,337 197,176
Amounts advanced 326,029 375,161
Amounts repaid (89,312 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 809,054 572,337

Interest has been charged at the official rate of interest.