Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31false2024-01-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11730764 2024-01-01 2024-12-31 11730764 2023-01-01 2023-12-31 11730764 2024-12-31 11730764 2023-12-31 11730764 c:Director2 2024-01-01 2024-12-31 11730764 d:PlantMachinery 2024-01-01 2024-12-31 11730764 d:PlantMachinery 2024-12-31 11730764 d:PlantMachinery 2023-12-31 11730764 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11730764 d:FreeholdInvestmentProperty 2024-12-31 11730764 d:FreeholdInvestmentProperty 2023-12-31 11730764 d:FreeholdInvestmentProperty 2 2024-01-01 2024-12-31 11730764 d:CurrentFinancialInstruments 2024-12-31 11730764 d:CurrentFinancialInstruments 2023-12-31 11730764 d:Non-currentFinancialInstruments 2024-12-31 11730764 d:Non-currentFinancialInstruments 2023-12-31 11730764 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 11730764 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11730764 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 11730764 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11730764 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-12-31 11730764 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 11730764 d:ShareCapital 2024-12-31 11730764 d:ShareCapital 2023-12-31 11730764 d:RevaluationReserve 2024-12-31 11730764 d:RevaluationReserve 2023-12-31 11730764 d:RetainedEarningsAccumulatedLosses 2024-12-31 11730764 d:RetainedEarningsAccumulatedLosses 2023-12-31 11730764 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 11730764 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 11730764 d:OtherDeferredTax 2024-12-31 11730764 d:OtherDeferredTax 2023-12-31 11730764 c:FRS102 2024-01-01 2024-12-31 11730764 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11730764 c:FullAccounts 2024-01-01 2024-12-31 11730764 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11730764 5 2024-01-01 2024-12-31 11730764 f:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 11730764





JURASSIC HOLIDAYS LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




















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JURASSIC HOLIDAYS LTD
REGISTERED NUMBER:11730764

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
367
588

Investment property
 5 
506,929
450,000

  
507,296
450,588

Current assets
  

Debtors: amounts falling due within one year
 6 
873
796

Cash at bank and in hand
  
11,919
14,164

  
12,792
14,960

Creditors: amounts falling due within one year
 7 
(107,833)
(121,740)

Net current liabilities
  
 
 
(95,041)
 
 
(106,780)

Total assets less current liabilities
  
412,255
343,808

Creditors: amounts falling due after more than one year
 8 
(223,415)
(223,415)

Provisions for liabilities
  

Deferred tax
 10 
(34,133)
(19,809)

  
 
 
(34,133)
 
 
(19,809)

Net assets
  
154,707
100,584


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
102,124
59,428

Profit and loss account
  
52,483
41,056

  
154,707
100,584


Page 1

 
JURASSIC HOLIDAYS LTD
REGISTERED NUMBER:11730764
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider 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 directors acknowledge their 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 comprehensive income 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 on 18 March 2025.




E Oliver
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
JURASSIC HOLIDAYS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Jurassic Holidays Ltd is a private company, limited by shares, domiciled in England. The registered office is 15 Wessiters, Seaton, United Kingdom, EX12 2PW.

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

Going concern

The directors confirm that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the company is a going concern.

 
2.3

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:

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.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
JURASSIC HOLIDAYS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

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.
 
 
2.6

Borrowing costs

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

 
2.7

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.

Page 4

 
JURASSIC HOLIDAYS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

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.

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:

Plant and machinery
-
20%
Straight line basis

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.

 
2.9

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.10

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.11

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.

Page 5

 
JURASSIC HOLIDAYS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.12

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.

 
2.13

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.

 
2.14

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 6

 
JURASSIC HOLIDAYS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of 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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 7

 
JURASSIC HOLIDAYS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 January 2024
1,106



At 31 December 2024

1,106



Depreciation


At 1 January 2024
518


Charge for the year on owned assets
221



At 31 December 2024

739



Net book value



At 31 December 2024
367



At 31 December 2023
588

Page 8

 
JURASSIC HOLIDAYS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
450,000


Surplus on revaluation
56,929



At 31 December 2024
506,929

The 2024 valuations were made by the directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
370,673
370,673

370,673
370,673


6.


Debtors

2024
2023
£
£


Prepayments and accrued income
873
796

873
796


Page 9

 
JURASSIC HOLIDAYS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,039
1,039

Corporation tax
2,753
4,199

Other creditors
101,181
115,333

Accruals and deferred income
2,860
1,169

107,833
121,740



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
223,415
223,415

223,415
223,415


The following liabilities were secured:

2024
2023
£
£



Bank loans
223,415
223,415

223,415
223,415

Details of security provided:

The bank loan of £223,415 (2023 - £223,415) is secured against the investment property owned by the company.

Page 10

 
JURASSIC HOLIDAYS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
223,415
223,415

223,415
223,415

223,415
223,415



10.


Deferred taxation




2024


£






At beginning of year
(19,809)


Charged to profit or loss
(14,324)



At end of year
(34,133)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(91)
-

Gain from changes in fair value of investment property
(34,042)
(19,809)

(34,133)
(19,809)

 
Page 11