Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292023-03-01falseOther holiday and other collective accommodation11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12642360 2023-03-01 2024-02-29 12642360 2022-03-01 2023-02-28 12642360 2024-02-29 12642360 2023-02-28 12642360 c:Director1 2023-03-01 2024-02-29 12642360 d:Buildings 2023-03-01 2024-02-29 12642360 d:Buildings 2024-02-29 12642360 d:Buildings 2023-02-28 12642360 d:Buildings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 12642360 d:FurnitureFittings 2023-03-01 2024-02-29 12642360 d:FurnitureFittings 2024-02-29 12642360 d:FurnitureFittings 2023-02-28 12642360 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 12642360 d:OfficeEquipment 2023-03-01 2024-02-29 12642360 d:OfficeEquipment 2024-02-29 12642360 d:OfficeEquipment 2023-02-28 12642360 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 12642360 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 12642360 d:CurrentFinancialInstruments 2024-02-29 12642360 d:CurrentFinancialInstruments 2023-02-28 12642360 d:Non-currentFinancialInstruments 2024-02-29 12642360 d:Non-currentFinancialInstruments 2023-02-28 12642360 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 12642360 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 12642360 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 12642360 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 12642360 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-02-29 12642360 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-02-28 12642360 d:ShareCapital 2024-02-29 12642360 d:ShareCapital 2023-02-28 12642360 d:SharePremium 2024-02-29 12642360 d:SharePremium 2023-02-28 12642360 d:RetainedEarningsAccumulatedLosses 2024-02-29 12642360 d:RetainedEarningsAccumulatedLosses 2023-02-28 12642360 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 12642360 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 12642360 d:TaxLossesCarry-forwardsDeferredTax 2024-02-29 12642360 d:TaxLossesCarry-forwardsDeferredTax 2023-02-28 12642360 d:RetirementBenefitObligationsDeferredTax 2024-02-29 12642360 d:RetirementBenefitObligationsDeferredTax 2023-02-28 12642360 c:FRS102 2023-03-01 2024-02-29 12642360 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 12642360 c:FullAccounts 2023-03-01 2024-02-29 12642360 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12642360 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number:  12642360














ARCHITECTURE RETREATS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


 
ARCHITECTURE RETREATS LIMITED
REGISTERED NUMBER: 12642360

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,770,677
6,654,265

  
8,770,677
6,654,265

Current assets
  

Debtors: amounts falling due within one year
 5 
290,837
104,570

Cash at bank and in hand
 6 
126,175
15,260

  
417,012
119,830

Creditors: amounts falling due within one year
 7 
(5,576,058)
(5,828,507)

Net current liabilities
  
 
 
(5,159,046)
 
 
(5,708,677)

Total assets less current liabilities
  
3,611,631
945,588

Creditors: amounts falling due after more than one year
  
(2,710,000)
-

  

Net assets
  
901,631
945,588


Capital and reserves
  

Called up share capital 
  
4
4

Share premium account
  
1,799,983
1,499,983

Profit and loss account
  
(898,356)
(554,399)

  
901,631
945,588


Page 1

 
ARCHITECTURE RETREATS LIMITED
REGISTERED NUMBER: 12642360
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The director considers 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 director acknowledges his 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 by: 




T M Leahy
Director

Date: 26 February 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ARCHITECTURE RETREATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England & Wales (no. 12642360). The registered office is 11th Floor, The Plaza, 100 Old Hall Street, Liverpool, Merseyside, United Kingdom, L3 9QJ.
These financial statements present information about the company as an individual undertaking. The principal activity of the company is that of holiday letting.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

 
ARCHITECTURE RETREATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

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.

Page 4

 
ARCHITECTURE RETREATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
On cost
Fixtures and fittings
-
20%
On cost
Office equipment
-
20%
On cost

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.

 
2.7

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.

 
2.8

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.

 
2.9

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.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
ARCHITECTURE RETREATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets







Freehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 March 2023
6,441,780
403,473
7,291
6,852,544


Additions
2,233,724
47,597
-
2,281,321



At 29 February 2024

8,675,504
451,070
7,291
9,133,865



Depreciation


At 1 March 2023
76,347
120,792
1,141
198,280


Charge for the year on owned assets
75,793
87,657
1,458
164,908



At 29 February 2024

152,140
208,449
2,599
363,188



Net book value



At 29 February 2024
8,523,364
242,621
4,692
8,770,677



At 28 February 2023
6,365,433
282,682
6,150
6,654,265

Page 6

 
ARCHITECTURE RETREATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
80,468
33,703

Other debtors
104,794
11,098

Prepayments and accrued income
2,824
3,583

Deferred taxation
102,751
56,186

290,837
104,570



6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
126,175
15,260

126,175
15,260



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
234,610
30,941

Other creditors
5,140,284
5,690,298

Accruals and deferred income
201,164
107,268

5,576,058
5,828,507


Page 7

 
ARCHITECTURE RETREATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

8.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Bank loans
2,710,000
-

2,710,000
-


The following liabilities were secured:

29 February
28 February
2024
2023
£
£



Bank loans
2,710,000
-

2,710,000
-

Details of security provided:

Bank loans are secured by fixed and floating charges held against the freehold property to which they concern.
T Leahy (director and shareholder) has given personal gurantees on borrowings received in favour of Cumberland Building Society.


9.


Loans


Analysis of the maturity of loans is given below:


29 February
28 February
2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
2,710,000
-

2,710,000
-

2,710,000
-


Page 8

 
ARCHITECTURE RETREATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

10.


Deferred taxation






2024


£






At beginning of year
56,186


Charged to profit or loss
46,565



At end of year
102,751

The deferred tax asset is made up as follows:

29 February
28 February
2024
2023
£
£


Fixed asset differences
(11,594)
(16,936)

Short term timing differences
24,313
15,564

Tax losses carried forward
90,032
57,558

102,751
56,186


11.


Related party transactions

Included in other debtors and other creditors are the following amounts due to / (from) the company at the balance sheet date:


29 February
28 February
2024
2023
£
£

T Leahy
(691,476)
(991,476)
Maia+ Limited
(4,448,809)
(4,698,818)

T Leahy is the director. The loan is repayable on demand and no interest has been charged.
Maia+ Limited is the parent company. The loan is repayable on demand and no interest has been charged.


12.


Controlling party

The company is under the control of its parent, Maia+ Limited.

 
Page 9