Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31true2023-06-01falsesale of holidays00trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09052362 2023-06-01 2024-05-31 09052362 2022-06-01 2023-05-31 09052362 2024-05-31 09052362 2023-05-31 09052362 c:Director1 2023-06-01 2024-05-31 09052362 d:Buildings 2023-06-01 2024-05-31 09052362 d:Buildings 2024-05-31 09052362 d:Buildings 2023-05-31 09052362 d:CurrentFinancialInstruments 2024-05-31 09052362 d:CurrentFinancialInstruments 2023-05-31 09052362 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 09052362 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 09052362 d:ShareCapital 2024-05-31 09052362 d:ShareCapital 2023-05-31 09052362 d:RetainedEarningsAccumulatedLosses 2024-05-31 09052362 d:RetainedEarningsAccumulatedLosses 2023-05-31 09052362 c:FRS102 2023-06-01 2024-05-31 09052362 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09052362 c:FullAccounts 2023-06-01 2024-05-31 09052362 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09052362 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 09052362









HONEST HOLIDAYS LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

 
HONEST HOLIDAYS LTD
REGISTERED NUMBER: 09052362

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
623,138
623,138

  
623,138
623,138

Current assets
  

Debtors: amounts falling due within one year
 5 
1,581
2,725

Cash at bank and in hand
 6 
15,574
14,212

  
17,155
16,937

Creditors: amounts falling due within one year
 7 
(627,900)
(659,488)

Net current liabilities
  
 
 
(610,745)
 
 
(642,551)

Total assets less current liabilities
  
12,393
(19,413)

  

Net assets/(liabilities)
  
12,393
(19,413)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
12,293
(19,513)

  
12,393
(19,413)

Page 1

 
HONEST HOLIDAYS LTD
REGISTERED NUMBER: 09052362
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 January 2025.






................................................
Timothy Varney
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
HONEST HOLIDAYS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

The Company is incorporated in England & Wales and is a private company limited by share capital. The principal activity of the Company throughout the year was that of the sale of holidays. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Page 3

 
HONEST HOLIDAYS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, the property is not depreciated.

Depreciation is provided on the following basis:

Freehold property
-
No depreciation

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Page 4

 
HONEST HOLIDAYS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 June 2023
623,138



At 31 May 2024

623,138






Net book value



At 31 May 2024
623,138



At 31 May 2023
623,138

Page 5

 
HONEST HOLIDAYS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Prepayments and accrued income
1,581
2,725

1,581
2,725



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
15,574
14,212

15,574
14,212



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Payments received on account
67,456
42,927

Corporation tax
801
-

Other creditors
558,209
615,127

Accruals and deferred income
1,434
1,434

627,900
659,488



8.


Controlling party

The Company is controlled by the director Timothy Varney, by virtue of his shareholding, as described in the Directors' report. 

 
Page 6