Luxury Abodes Cornwall Ltd 08853265 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is that of property letting and management. Digita Accounts Production Advanced 6.30.9574.0 true true 08853265 2023-05-01 2024-04-30 08853265 2024-04-30 08853265 core:CurrentFinancialInstruments 2024-04-30 08853265 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 08853265 core:Non-currentFinancialInstruments 2024-04-30 08853265 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 08853265 core:OtherPropertyPlantEquipment 2024-04-30 08853265 bus:SmallEntities 2023-05-01 2024-04-30 08853265 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 08853265 bus:FilletedAccounts 2023-05-01 2024-04-30 08853265 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08853265 bus:RegisteredOffice 2023-05-01 2024-04-30 08853265 bus:Director3 2023-05-01 2024-04-30 08853265 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08853265 core:ComputerEquipment 2023-05-01 2024-04-30 08853265 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 08853265 core:LandBuildings 2023-05-01 2024-04-30 08853265 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 08853265 countries:AllCountries 2023-05-01 2024-04-30 08853265 2023-04-30 08853265 core:OtherPropertyPlantEquipment 2023-04-30 08853265 2022-05-01 2023-04-30 08853265 2023-04-30 08853265 core:CurrentFinancialInstruments 2023-04-30 08853265 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 08853265 core:Non-currentFinancialInstruments 2023-04-30 08853265 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 08853265 core:OtherPropertyPlantEquipment 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 08853265

Luxury Abodes Cornwall Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Luxury Abodes Cornwall Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Luxury Abodes Cornwall Ltd

Company Information

Director

Mr JA White

Registered office

Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

Accountants

CBSL Accountants Limited
Chartered Accountants
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

 

Luxury Abodes Cornwall Ltd

(Registration number: 08853265)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

38

Current assets

 

Debtors

5

3,672

75

Cash at bank and in hand

 

17,997

1,914

 

21,669

1,989

Creditors: Amounts falling due within one year

6

(52,759)

(90,282)

Net current liabilities

 

(31,090)

(88,293)

Total assets less current liabilities

 

(31,090)

(88,255)

Creditors: Amounts falling due after more than one year

6

(172,275)

(183,699)

Net liabilities

 

(203,365)

(271,954)

Capital and reserves

 

Called up share capital

7

20

20

Retained earnings

(203,385)

(271,974)

Shareholders' deficit

 

(203,365)

(271,954)

For the financial year ending 30 April 2024 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 year in question in accordance with section 476; and

The director acknowledges his 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 January 2025
 


Mr JA White
Director

 

Luxury Abodes Cornwall Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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. The validity of this basis is dependent on the continued support of the shareholders who have shown support throughout the period and to the date of this report. There is no reason to believe that this support will not continue. The financial statements do not include any adjustments that would result from a withdrawal of this support.

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Luxury Abodes Cornwall Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

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

Land and Buildings Leasehold

Over the term of the lease

Fixtures, Fittings and Equipment

25% Straight Line

Computer Equipment

33.3% Straight Line

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

64,282

64,282

At 30 April 2024

64,282

64,282

Depreciation

At 1 May 2023

64,244

64,244

Charge for the year

38

38

At 30 April 2024

64,282

64,282

Carrying amount

At 30 April 2024

-

-

At 30 April 2023

38

38

 

Luxury Abodes Cornwall Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Debtors

2024
£

2023
£

Trade debtors

2,700

-

Prepayments

938

38

Other debtors

34

37

3,672

75

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

6,618

5,513

Trade creditors

 

1,977

84

Accruals and deferred income

 

8,260

3,245

Other creditors

 

35,904

81,440

 

52,759

90,282

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

172,275

183,699

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

20

20

20

20

       
 

Luxury Abodes Cornwall Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

6,618

5,513

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

31,983

37,406

Other borrowings

140,292

146,293

172,275

183,699

9

Financial commitments, guarantees and contingencies

The total amount of financial commitments not included in the balance sheet is £Nil (2023 - £5,400).

10

Related party transactions

As at the year end the balance of £176,196 (2023 - £227,732) was due to the director. This balance is unsecured, interest free and with no fixed term of repayment.

The company is controlled by the director.