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
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
LIFESTYLE BREAKS LTD
Statement of financial position
as at 31 March 2024
Tangible assets
5,983
11,967
Investment property
1,790,059
1,730,000
Cash at bank and in hand
4,741
9,767
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
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
LIFESTYLE BREAKS LTD
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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.
LIFESTYLE BREAKS LTD
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 April 2023
1,730,000
Net gain from fair value adjustments
75,000
At 31 March 2024
1,790,059
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
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
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,062,766
948,199
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).