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Company Registration No. 11433000 (England and Wales)
AK Hot Tub Holiday Homes Ltd Unaudited accounts for the year ended 30 June 2024
AK Hot Tub Holiday Homes Ltd Unaudited accounts Contents
Page
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AK Hot Tub Holiday Homes Ltd Company Information for the year ended 30 June 2024
Director
Andrew Thornton
Company Number
11433000 (England and Wales)
Registered Office
111 High Street LINCOLN LN5 7PY UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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AK Hot Tub Holiday Homes Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
325,813 
89,937 
Current assets
Debtors
5,000 
10,000 
Cash at bank and in hand
22,084 
58,458 
27,084 
68,458 
Creditors: amounts falling due within one year
(12,837)
(14,675)
Net current assets
14,247 
53,783 
Total assets less current liabilities
340,060 
143,720 
Creditors: amounts falling due after more than one year
(193,429)
(15,215)
Provisions for liabilities
Deferred tax
(20,911)
(17,087)
Net assets
125,720 
111,418 
Capital and reserves
Called up share capital
100 
100 
Capital contribution reserve
16,000 
16,000 
Profit and loss account
109,620 
95,318 
Shareholders' funds
125,720 
111,418 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 February 2025 and were signed on its behalf by
Andrew Thornton Director Company Registration No. 11433000
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AK Hot Tub Holiday Homes Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
AK Hot Tub Holiday Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 11433000. The registered office is 111 High Street, LINCOLN, LN5 7PY, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
10% Reducing balance
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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AK Hot Tub Holiday Homes Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2023
16,693 
13,365 
116,401 
349 
146,808 
Additions
167,750 
- 
77,250 
- 
245,000 
At 30 June 2024
184,443 
13,365 
193,651 
349 
391,808 
Depreciation
At 1 July 2023
8,127 
7,124 
41,396 
224 
56,871 
Charge for the year
1,283 
1,560 
6,250 
31 
9,124 
At 30 June 2024
9,410 
8,684 
47,646 
255 
65,995 
Net book value
At 30 June 2024
175,033 
4,681 
146,005 
94 
325,813 
At 30 June 2023
8,566 
6,241 
75,005 
125 
89,937 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Fixtures & fittings
4,216 
7,144 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
5,000 
10,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,500 
5,500 
Obligations under finance leases and hire purchase contracts
3,429 
3,429 
Taxes and social security
- 
4,876 
Loans from directors
43 
30 
Accruals
840 
840 
Deferred income
3,025 
- 
12,837 
14,675 
A five year term BB Loan is in place of some £27,500 with a Government Guarantee in place. 20% of the total loan is classified as a current liability £5,500
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AK Hot Tub Holiday Homes Ltd Notes to the Accounts for the year ended 30 June 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,643 
11,500 
Obligations under finance leases and hire purchase contracts
286 
3,715 
Other creditors
187,500 
- 
193,429 
15,215 
The remaining balance of the BB Loan £5,643 has been reported in these statements within long term liabilities, falling due after 1 year. Yr 2. £5,500 Yr 3. £143 Balance of a HP agreement falling due after 1year: £286 A fixed charge lodged at Companies House on August 4th 2023 against 210 Newark Rd, Lincoln, LN5 8RH. is in place in favour of the: Vernon Building Society for £187,500 being an interest only holiday home mortgage.
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
20,911 
17,087 
2024 
2023 
£ 
£ 
Provision at start of year
17,087 
16,451 
Charged to the profit and loss account
3,824 
636 
Provision at end of year
20,911 
17,087 
A deferred taxation reserve of some £20,911 has been created due to accelerated capital allowances. This reserve will reverse in future periods and create a tax liability at the prevailing rate on the day.
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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