Parklife Holidays Limited 10907675 false 2023-04-01 2023-12-30 2023-12-30 The principal activity of the company is holiday let rental Digita Accounts Production Advanced 6.30.9574.0 true true 10907675 2023-04-01 2023-12-30 10907675 2023-12-30 10907675 core:CurrentFinancialInstruments 2023-12-30 10907675 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-30 10907675 core:Non-currentFinancialInstruments 2023-12-30 10907675 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-30 10907675 core:FurnitureFittingsToolsEquipment 2023-12-30 10907675 bus:SmallEntities 2023-04-01 2023-12-30 10907675 bus:AuditExemptWithAccountantsReport 2023-04-01 2023-12-30 10907675 bus:FullAccounts 2023-04-01 2023-12-30 10907675 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2023-12-30 10907675 bus:RegisteredOffice 2023-04-01 2023-12-30 10907675 bus:Director1 2023-04-01 2023-12-30 10907675 bus:PrivateLimitedCompanyLtd 2023-04-01 2023-12-30 10907675 core:FurnitureFittings 2023-04-01 2023-12-30 10907675 countries:UnitedKingdom 2023-04-01 2023-12-30 10907675 2023-03-31 10907675 core:FurnitureFittingsToolsEquipment 2023-03-31 10907675 2022-04-01 2023-03-31 10907675 2023-03-31 10907675 core:CurrentFinancialInstruments 2023-03-31 10907675 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 10907675 core:Non-currentFinancialInstruments 2023-03-31 10907675 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 10907675

Parklife Holidays Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 April 2023 to 30 December 2023

 

Parklife Holidays Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 7

 

Parklife Holidays Limited

(Registration number: 10907675)
Balance Sheet as at 30 December 2023

Note

2023
£

2023
£

Current assets

 

Debtors

5

91,585

87,510

Cash at bank and in hand

 

25,218

18,681

 

116,803

106,191

Creditors: Amounts falling due within one year

6

(80,737)

(68,661)

Total assets less current liabilities

 

36,066

37,530

Creditors: Amounts falling due after more than one year

6

(22,467)

(28,525)

Net assets

 

13,599

9,005

Capital and reserves

 

Called up share capital

1

1

Retained earnings

13,598

9,004

Shareholders' funds

 

13,599

9,005

For the financial period ending 30 December 2023 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 her 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.

Approved and authorised by the director on 27 December 2024
 

Ms C A Mattison
Director

   
     
 

Parklife Holidays Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 December 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the director on 27 December 2024.

2

Accounting policies

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.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Parklife Holidays Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

33% striaght line

 

Parklife Holidays Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 December 2023

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2 (2023 - 2).

 

Parklife Holidays Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

7,055

7,055

At 30 December 2023

7,055

7,055

Depreciation

At 1 April 2023

7,055

7,055

At 30 December 2023

7,055

7,055

Carrying amount

At 30 December 2023

-

-

5

Debtors

Current

2023
£

2023
£

Other debtors

91,585

87,510

 

91,585

87,510

 

Parklife Holidays Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 December 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2023
£

Due within one year

 

Loans and borrowings

7

33,585

26,548

Taxation and social security

 

1,077

693

Other creditors

 

46,075

41,420

 

80,737

68,661

Creditors: amounts falling due after more than one year

Note

2023
£

2023
£

Due after one year

 

Loans and borrowings

7

22,467

28,525

 

Parklife Holidays Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 December 2023

7

Loans and borrowings

Non-current loans and borrowings

2023
£

2023
£

Bank borrowings

22,467

28,525

Current loans and borrowings

2023
£

2023
£

Bank borrowings

5,083

2,875

Other borrowings

28,502

23,673

33,585

26,548