Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC100324 Mrs Renata Chalmers Mr David Chalmers David and Renata Chalmers false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC100324 2023-03-31 SC100324 2024-03-31 SC100324 2023-04-01 2024-03-31 SC100324 frs-core:CurrentFinancialInstruments 2024-03-31 SC100324 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 SC100324 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC100324 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 SC100324 frs-core:PlantMachinery 2024-03-31 SC100324 frs-core:PlantMachinery 2023-04-01 2024-03-31 SC100324 frs-core:PlantMachinery 2023-03-31 SC100324 frs-core:RevaluationReserve 2023-03-31 SC100324 frs-core:RevaluationReserve 2024-03-31 SC100324 frs-core:ShareCapital 2024-03-31 SC100324 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC100324 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC100324 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC100324 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC100324 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC100324 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC100324 frs-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 SC100324 frs-bus:OrdinaryShareClass1 2024-03-31 SC100324 1 2023-04-01 2024-03-31 SC100324 frs-bus:Director1 2023-04-01 2024-03-31 SC100324 frs-bus:Director1 2023-03-31 SC100324 frs-bus:Director1 2024-03-31 SC100324 frs-bus:Director2 2023-04-01 2024-03-31 SC100324 1 2023-04-01 2024-03-31 SC100324 frs-core:CurrentFinancialInstruments 1 2024-03-31 SC100324 frs-core:CurrentFinancialInstruments 2 2024-03-31 SC100324 frs-countries:Scotland 2023-04-01 2024-03-31 SC100324 2022-03-31 SC100324 2023-03-31 SC100324 2022-04-01 2023-03-31 SC100324 frs-core:CurrentFinancialInstruments 2023-03-31 SC100324 frs-core:RevaluationReserve 2023-03-31 SC100324 frs-core:ShareCapital 2023-03-31 SC100324 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC100324 frs-bus:OrdinaryShareClass1 2022-04-01 2023-03-31 SC100324 1 2022-04-01 2023-03-31 SC100324 frs-core:CurrentFinancialInstruments 1 2023-03-31 SC100324 frs-core:CurrentFinancialInstruments 2 2023-03-31
Registered number: SC100324
Country Leisure Holidays Limited
Financial Statements
For The Year Ended 31 March 2024
Gillespie's
Chartered Accountants
33 Leslie Street
Blairgowrie
Perthshire
PH10 6AW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC100324
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 3 180,162 180,203
180,162 180,203
CURRENT ASSETS
Debtors 4 2,858 2,839
Cash at bank and in hand 88,085 78,664
90,943 81,503
Creditors: Amounts Falling Due Within One Year 5 (112,857 ) (114,898 )
NET CURRENT ASSETS (LIABILITIES) (21,914 ) (33,395 )
TOTAL ASSETS LESS CURRENT LIABILITIES 158,248 146,808
PROVISIONS FOR LIABILITIES
Deferred Taxation (31 ) (39 )
NET ASSETS 158,217 146,769
CAPITAL AND RESERVES
Called up share capital 6 75,000 75,000
Revaluation reserve 8 (531 ) (531 )
Profit and Loss Account 83,748 72,300
SHAREHOLDERS' FUNDS 158,217 146,769
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Chalmers
Director
1st December 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rent of holiday properties. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold not provided
Plant & Machinery 20% on reducing balance
1.4. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Directors 2 2
2 2
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3. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 April 2023 180,000 11,599 191,599
As at 31 March 2024 180,000 11,599 191,599
Depreciation
As at 1 April 2023 - 11,396 11,396
Provided during the period - 41 41
As at 31 March 2024 - 11,437 11,437
Net Book Value
As at 31 March 2024 180,000 162 180,162
As at 1 April 2023 180,000 203 180,203
If freehold property had not been revalued it would be included at historical cost of £180,531. Freehold property was valued on a current market value basis on 20 January 2014 by J & E Shepherd.
4. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 208 114
Other debtors 2,650 2,725
2,858 2,839
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 2,693 6,241
Stravithie Estate 11,521 7,021
D & M Properties (3,882 ) (3,882 )
Other creditor 3,350 5,025
Accruals and deferred income 1,810 1,912
Directors' loan accounts 97,365 98,581
112,857 114,898
6. Share Capital
2024 2023
Allotted, called up and fully paid £ £
75,000 Ordinary Shares of £ 1.000 each 75,000 75,000
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7. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr David Chalmers 98,581 - 1,216 - 97,365
The above loan is unsecured, interest free and repayable on demand.
8. Reserves
Revaluation Reserve
£
As at 1 April 2023 (531 )
As at 31 March 2024 (531 )
9. Controlling Party
The company's controlling parties are David and Renata Chalmers by virtue of their ownership of 50% each of the issued share capital in the company.
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