1 April 2023 false No description of principal activity Taxfiler 2024.6 13129141business:PrivateLimitedCompanyLtd2023-04-012024-03-31 131291412023-03-31 131291412023-04-012024-03-31 13129141business:AuditExemptWithAccountantsReport2023-04-012024-03-31 13129141business:FilletedAccounts2023-04-012024-03-31 131291412024-03-31 13129141business:Director12023-04-012024-03-31 13129141business:Director22023-04-012024-03-31 13129141business:Director32023-04-012024-03-31 13129141business:RegisteredOffice2023-04-012024-03-31 131291412023-03-31 13129141core:WithinOneYear2024-03-31 13129141core:WithinOneYear2023-03-31 13129141core:AfterOneYear2024-03-31 13129141core:AfterOneYear2023-03-31 13129141core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 13129141core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 13129141core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2024-03-31 13129141core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2023-03-31 13129141core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 13129141core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 13129141core:PreviouslyStatedAmount2024-03-31 13129141core:PreviouslyStatedAmount2023-03-31 13129141business:SmallEntities2023-04-012024-03-31 13129141countries:EnglandWales2023-04-012024-03-31 13129141core:FurnitureFittings2023-04-012024-03-31 13129141core:FurnitureFittings2023-03-31 13129141core:FurnitureFittings2024-03-31 131291412022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 13129141 (England and Wales)
LIFESTYLE BREAKS LTD Unaudited accounts for the year ended 31 March 2024
LIFESTYLE BREAKS LTD Unaudited accounts Contents
Page
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LIFESTYLE BREAKS LTD Company Information for the year ended 31 March 2024
Directors
Jamie Steven GREAVES Jayant Maganlal LAD Philip SAUNDERS
Company Number
13129141 (England and Wales)
Registered Office
105 DYEHOUSE LANE NEW MILLS HIGH PEAK SK22 4BA ENGLAND
Accountants
Genius Accountancy Ltd 27 Old Gloucester Street London WC1N 3AX
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LIFESTYLE BREAKS LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,983 
11,967 
Investment property
1,790,059 
1,730,000 
1,796,042 
1,741,967 
Current assets
Debtors
85,947 
5,447 
Cash at bank and in hand
4,741 
9,767 
90,688 
15,214 
Creditors: amounts falling due within one year
(562,501)
(457,497)
Net current liabilities
(471,813)
(442,283)
Total assets less current liabilities
1,324,229 
1,299,684 
Creditors: amounts falling due after more than one year
(1,062,766)
(948,199)
Provisions for liabilities
Deferred tax
(109,145)
(90,395)
Net assets
152,318 
261,090 
Capital and reserves
Called up share capital
3 
3 
Fair value reserve
441,618 
385,368 
Profit and loss account
(289,303)
(124,281)
Shareholders' funds
152,318 
261,090 
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by
Jamie Steven GREAVES Director Company Registration No. 13129141
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LIFESTYLE BREAKS LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
LIFESTYLE BREAKS LTD is a private company, limited by shares, registered in England and Wales, registration number 13129141. The registered office is 105 DYEHOUSE LANE, NEW MILLS, HIGH PEAK, SK22 4BA, ENGLAND.
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.
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:
Fixtures & fittings
25%
Investment property
Investment property is recorded at market fair value. Gains are recognized in the income statement and deferred tax accordingly. Deferred taxation is provided at the rate expected to apply when the property is sold.
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LIFESTYLE BREAKS LTD Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2023
23,933 
At 31 March 2024
23,933 
Depreciation
At 1 April 2023
11,966 
Charge for the year
5,984 
At 31 March 2024
17,950 
Net book value
At 31 March 2024
5,983 
At 31 March 2023
11,967 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
1,730,000 
Disposals
(14,941)
Net gain from fair value adjustments
75,000 
At 31 March 2024
1,790,059 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
85,947 
5,447 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,823 
24,156 
VAT
9,381 
12,221 
Amounts owed to group undertakings and other participating interests
297,181 
332,836 
Other creditors
217,032 
71,043 
Loans from directors
28,084 
17,241 
562,501 
457,497 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,062,766 
948,199 
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LIFESTYLE BREAKS LTD Notes to the Accounts for the year ended 31 March 2024
9
Transactions with related parties
As at the year end, the company owed the following amounts from related companies under the common control of the following directors, these amounts are unsecured, interest free and payable on demand: SAUNDERS PROPERTY SOLUTIONS LTD: £12,400 Directors: Phil Saunders HIRJAI LIMITED: £266,800 Directors: Jayant Maganlal Lad ASSURED HOMES GROUP LTD: £17,981 Directors: Jamie Steven Greaves As at the year end, the company was owed the following amounts from related companies under the common control of the following directors, these amounts are unsecured, interest free and payable on demand: UK BREAKS LTD: £16,447 Directors: Jamie Steven Greaves and Phil Saunders JIA DEVELOPMENTS LTD: £69,500 Directors: Jamie Steven Greaves LANTERN VIEW ADVENTURES LIMITED: £68 Directors: Phil Saunders JIT PROPERTY LIMITED: £10,000 Directors: Jayant Maganlal Lad
10
Average number of employees
During the year the average number of employees was 0 (2023: 3).
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