IRIS Accounts Production v24.3.2.46 13580393 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh135803932023-08-31135803932024-08-31135803932023-09-012024-08-31135803932022-08-31135803932022-09-012023-08-31135803932023-08-3113580393ns15:EnglandWales2023-09-012024-08-3113580393ns14:PoundSterling2023-09-012024-08-3113580393ns10:Director12023-09-012024-08-3113580393ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3113580393ns10:SmallEntities2023-09-012024-08-3113580393ns10:AuditExemptWithAccountantsReport2023-09-012024-08-3113580393ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3113580393ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3113580393ns10:FullAccounts2023-09-012024-08-3113580393ns10:OrdinaryShareClass12023-09-012024-08-3113580393ns5:CurrentFinancialInstruments2024-08-3113580393ns5:CurrentFinancialInstruments2023-08-3113580393ns5:Non-currentFinancialInstruments2024-08-3113580393ns5:Non-currentFinancialInstruments2023-08-3113580393ns5:ShareCapital2024-08-3113580393ns5:ShareCapital2023-08-3113580393ns5:RetainedEarningsAccumulatedLosses2024-08-3113580393ns10:RegisteredOffice2023-09-012024-08-3113580393ns5:FurnitureFittings2023-09-012024-08-3113580393ns5:MotorVehicles2023-09-012024-08-3113580393ns5:FurnitureFittings2024-08-3113580393ns5:MotorVehicles2024-08-3113580393ns5:LeasedAssetsHeldAsLessee2023-09-012024-08-3113580393ns5:AdditionsToInvestments2024-08-3113580393ns5:CostValuation2024-08-3113580393ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3113580393ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3113580393ns5:CurrentFinancialInstruments2023-09-012024-08-3113580393ns5:Non-currentFinancialInstruments2023-09-012024-08-3113580393ns10:OrdinaryShareClass12024-08-31
REGISTERED NUMBER: 13580393 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

BOOK IT AND STAYED LTD

BOOK IT AND STAYED LTD (REGISTERED NUMBER: 13580393)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2024










Page

Report of the Accountants 1

Balance Sheet 2

Notes to the Financial Statements 4


BOOK IT AND STAYED LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
BOOK IT AND STAYED LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of the company, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the Board of Directors of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of the company. You consider that the company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA


28 January 2025

BOOK IT AND STAYED LTD (REGISTERED NUMBER: 13580393)

BALANCE SHEET
31 August 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,747 -
Investments 5 100 -
Investment property 6 1,600,000 916,126
1,644,847 916,126

CURRENT ASSETS
Debtors 7 137,810 137,810
Prepayments and accrued income 14,146 -
Cash at bank 368 8,806
152,324 146,616
CREDITORS
Amounts falling due within one year 8 180,530 35,509
NET CURRENT (LIABILITIES)/ASSETS (28,206 ) 111,107
TOTAL ASSETS LESS CURRENT LIABILITIES 1,616,641 1,027,233

CREDITORS
Amounts falling due after more than
one year

9

(916,191

)

(1,014,042

)

PROVISIONS FOR LIABILITIES (200,676 ) -
NET ASSETS 499,774 13,191

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 499,674 13,091
SHAREHOLDERS' FUNDS 499,774 13,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

BOOK IT AND STAYED LTD (REGISTERED NUMBER: 13580393)

BALANCE SHEET - continued
31 August 2024


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 28 January 2025 and were signed on its behalf by:





Mr Daniel Lee Hawkins - Director


BOOK IT AND STAYED LTD (REGISTERED NUMBER: 13580393)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2024


1. STATUTORY INFORMATION

Book It And Stayed Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13580393

Registered office: Grange Farm Cottages
Flamborough Road
Sewerby
Bridlington
YO15 1DU

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 as modified by the revaluation of certain assets.

These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

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 balance sheet date.

The company has property losses available to carry forward against future trade of £8,181.


BOOK IT AND STAYED LTD (REGISTERED NUMBER: 13580393)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statement.

Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
Additions 2,585 56,216 58,801
At 31 August 2024 2,585 56,216 58,801
DEPRECIATION
Charge for year - 14,054 14,054
At 31 August 2024 - 14,054 14,054
NET BOOK VALUE
At 31 August 2024 2,585 42,162 44,747

Included in the fixed assets total £44,747 is an amount £42,162 in respect of the asset under hire purchase. Depreciation charged amounts to £14,054. This is secured against the asset to which it relates.

BOOK IT AND STAYED LTD (REGISTERED NUMBER: 13580393)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 100
At 31 August 2024 100
NET BOOK VALUE
At 31 August 2024 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 916,126
Revaluations 683,874
At 31 August 2024 1,600,000
NET BOOK VALUE
At 31 August 2024 1,600,000
At 31 August 2023 916,126

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 757,841
Cost 842,159
1,600,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out at the year end date by Carter Jonas LLP Chartered Surveyors, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Other debtors 137,810 137,810

Included in debtors falling due within one year is an amount £137,810 that is owed to Tanrec Ltd, who Mr D L Hawkins was a director of.

BOOK IT AND STAYED LTD (REGISTERED NUMBER: 13580393)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Hire purchase contracts 5,918 -
Trade creditors 4,344 -
Taxation and social security 43,259 29,509
Other creditors 127,009 6,000
180,530 35,509

Included in other creditors is an amount £68,304 owed to the director's of the company and an amount £51,705 owed to Airstore Renewables Ltd, a company in which Mr D L Hawkins is also a director of.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
as restated
£    £   
Bank loans 732,045 1,014,042
Hire purchase contracts 48,326 -
Amounts owed to group undertakings 135,820 -
916,191 1,014,042

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 18,738 -

Included in creditors falling due after more than one year is an amount £135,820 owed to Book It and Stayed (2) Limited, a company with common directors.

Bank loans are secured to the assets to which they relate and contains fixed and floating charges.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as
restated
£    £   
100 Ordinary 1 100 100