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Company No: 03781394 (England and Wales)

ULTIMATE HONEYMOONS LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

ULTIMATE HONEYMOONS LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

ULTIMATE HONEYMOONS LIMITED

BALANCE SHEET

As at 30 June 2024
ULTIMATE HONEYMOONS LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 3,494 0
Tangible assets 4 160,926 175,669
164,420 175,669
Current assets
Debtors 5 5,324 66,173
Cash at bank and in hand 714,992 614,037
720,316 680,210
Creditors: amounts falling due within one year 6 ( 235,164) ( 137,010)
Net current assets 485,152 543,200
Total assets less current liabilities 649,572 718,869
Creditors: amounts falling due after more than one year 7 ( 10,043) ( 19,167)
Provision for liabilities ( 31,944) ( 33,929)
Net assets 607,585 665,773
Capital and reserves
Called-up share capital 2 2
Profit and loss account 607,583 665,771
Total shareholders' funds 607,585 665,773

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Ultimate Honeymoons Limited (registered number: 03781394) were approved and authorised for issue by the Board of Directors on 14 January 2025. They were signed on its behalf by:

David Benton Jones
Director
ULTIMATE HONEYMOONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
ULTIMATE HONEYMOONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ultimate Honeymoons Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 19 Sopley Sopley, Christchurch, BH23 7AX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs 25 % reducing balance
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Leasehold improvements 10 years straight line
Plant and machinery 25 % reducing balance
Vehicles 15 % reducing balance
Fixtures and fittings 25 % reducing balance
Office equipment 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 4

3. Intangible assets

Website costs Total
£ £
Cost
At 01 July 2023 0 0
Additions 3,900 3,900
At 30 June 2024 3,900 3,900
Accumulated amortisation
At 01 July 2023 0 0
Charge for the financial year 406 406
At 30 June 2024 406 406
Net book value
At 30 June 2024 3,494 3,494
At 30 June 2023 0 0

4. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £ £
Cost
At 01 July 2023 94,643 131,354 51,979 85,350 20,008 383,334
Additions 0 3,076 0 18,317 5,626 27,019
At 30 June 2024 94,643 134,430 51,979 103,667 25,634 410,353
Accumulated depreciation
At 01 July 2023 54,690 100,831 3,898 35,198 13,048 207,665
Charge for the financial year 6,795 8,047 7,213 14,682 5,025 41,762
At 30 June 2024 61,485 108,878 11,111 49,880 18,073 249,427
Net book value
At 30 June 2024 33,158 25,552 40,868 53,787 7,561 160,926
At 30 June 2023 39,953 30,523 48,081 50,152 6,960 175,669

5. Debtors

2024 2023
£ £
Other debtors 5,324 66,173

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,000 10,000
Corporation tax 87,768 65,102
Other taxation and social security 1,807 1,984
Other creditors 135,589 59,924
235,164 137,010

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 10,043 19,167

There are no amounts included above in respect of which any security has been given by the small entity.