REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1st July 2023 to 31st December 2024 |
for |
ALL SEASONS GUEST HOUSE LTD |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1st July 2023 to 31st December 2024 |
for |
ALL SEASONS GUEST HOUSE LTD |
ALL SEASONS GUEST HOUSE LTD (REGISTERED NUMBER: 09106154) |
Contents of the Financial Statements |
for the Period 1st July 2023 to 31st December 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
ALL SEASONS GUEST HOUSE LTD |
Company Information |
for the Period 1st July 2023 to 31st December 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
41 St Thomas's Road |
Chorley |
Lancashire |
PR7 1JE |
ALL SEASONS GUEST HOUSE LTD (REGISTERED NUMBER: 09106154) |
Balance Sheet |
31st December 2024 |
31.12.24 | 30.6.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
ALL SEASONS GUEST HOUSE LTD (REGISTERED NUMBER: 09106154) |
Balance Sheet - continued |
31st December 2024 |
The financial statements were approved by the director and authorised for issue on |
ALL SEASONS GUEST HOUSE LTD (REGISTERED NUMBER: 09106154) |
Notes to the Financial Statements |
for the Period 1st July 2023 to 31st December 2024 |
1. | STATUTORY INFORMATION |
All Seasons Guest House Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Revenue recognition |
Revenue is measured at the fair value of the consideration received or receivable and represents amounts received for goods supplied and services rendered, stated net of discounts and of Value Added Tax. |
Tangible fixed assets |
In accordance with the Financial Reporting Standard 102 no depreciation is provided in respect of freehold properties. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. The directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the financial statements giving a true and fair view. |
Impairment of assets |
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss. |
If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss. |
Going concern |
The financial statements have been prepared on a basis other than that of a going concern which includes, where appropriate, writing down the company’s assets to net realisable value. Provision has also been made for any contractual commitments that have become onerous at the balance sheet date. The financial statements do not include any provision for the future costs of terminating the business of the company except to the extent that such costs were committed at the balance sheet date. |
Cash and cash equivalents |
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities. |
ALL SEASONS GUEST HOUSE LTD (REGISTERED NUMBER: 09106154) |
Notes to the Financial Statements - continued |
for the Period 1st July 2023 to 31st December 2024 |
2. | ACCOUNTING POLICIES - continued |
Financial instruments |
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments’ of FRS 102 to all its financial instruments. |
Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument. |
The following assets and liabilities are classified as basic financial instruments - trade debtors, trade creditors, directors loans and other loans. These basic instruments are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Improvements |
Freehold | to |
property | property | Totals |
£ | £ | £ |
COST |
At 1st July 2023 |
Disposals | ( |
) | ( |
) | ( |
) |
At 31st December 2024 |
NET BOOK VALUE |
At 31st December 2024 |
At 30th June 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 30.6.23 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 30.6.23 |
£ | £ |
Bank loans and overdrafts |
Loan from related party |
Trade creditors |
Social security and other taxes |
Other creditors |
Directors' current accounts | 60,360 | 9,383 |
Accrued expenses |
ALL SEASONS GUEST HOUSE LTD (REGISTERED NUMBER: 09106154) |
Notes to the Financial Statements - continued |
for the Period 1st July 2023 to 31st December 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.24 | 30.6.23 |
£ | £ |
Loan from related party >1year |
Bank loans - 2-5 years |
Directors' loan accounts | - | 65,000 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.24 | 30.6.23 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
9. | RELATED PARTY DISCLOSURES |
As at 31st December 2024, the company owed to its director £60,360 (30th June 2023: £74,883). No Interest has been charged to the company in respect of this loan and there is no formal repayment date for this loan. |
At the 31st December 2024 the company owed £191,762 (30th June 2023: £177,920) to N.C. Electrical Controls Ltd, a company under the control of Mr N Crooks (a director). In the year no interest has been charged to the company in respect of this amount, there is no formal repayment date. It was agreed by the director that no further interest would be charged on the intercompany loan until such time that cash flow permits. |
10. | ULTIMATE CONTROLLING PARTY |
Throughout the year, Mr N Crooks has controlled the company by virtue of holding 100% of the issued ordinary share capital. |