Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-312023-04-01falsetour and hotel operator1415truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10017409 2023-04-01 2024-03-31 10017409 2022-04-01 2023-03-31 10017409 2024-03-31 10017409 2023-03-31 10017409 c:Director1 2023-04-01 2024-03-31 10017409 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 10017409 d:Buildings d:LongLeaseholdAssets 2024-03-31 10017409 d:Buildings d:LongLeaseholdAssets 2023-03-31 10017409 d:PlantMachinery 2023-04-01 2024-03-31 10017409 d:PlantMachinery 2024-03-31 10017409 d:PlantMachinery 2023-03-31 10017409 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10017409 d:OfficeEquipment 2023-04-01 2024-03-31 10017409 d:OfficeEquipment 2024-03-31 10017409 d:OfficeEquipment 2023-03-31 10017409 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10017409 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10017409 d:Goodwill 2023-04-01 2024-03-31 10017409 d:Goodwill 2024-03-31 10017409 d:Goodwill 2023-03-31 10017409 d:CurrentFinancialInstruments 2024-03-31 10017409 d:CurrentFinancialInstruments 2023-03-31 10017409 d:Non-currentFinancialInstruments 2024-03-31 10017409 d:Non-currentFinancialInstruments 2023-03-31 10017409 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10017409 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10017409 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 10017409 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10017409 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 10017409 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 10017409 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 10017409 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 10017409 d:ShareCapital 2024-03-31 10017409 d:ShareCapital 2023-03-31 10017409 d:RetainedEarningsAccumulatedLosses 2024-03-31 10017409 d:RetainedEarningsAccumulatedLosses 2023-03-31 10017409 c:OrdinaryShareClass1 2023-04-01 2024-03-31 10017409 c:OrdinaryShareClass1 2024-03-31 10017409 c:FRS102 2023-04-01 2024-03-31 10017409 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10017409 c:FullAccounts 2023-04-01 2024-03-31 10017409 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10017409 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 10017409 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10017409














WANDERING HOLIDAYS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
WANDERING HOLIDAYS LIMITED
 

CONTENTS



Page
Statement of financial position
 
1 - 2
Notes to the financial statements
 
3 - 9


 
WANDERING HOLIDAYS LIMITED
REGISTERED NUMBER:10017409

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
24,749

Tangible assets
 5 
761,773
816,140

  
761,773
840,889

Current assets
  

Stocks
  
6,095
6,950

Debtors: amounts falling due within one year
 6 
-
21,039

Cash at bank and in hand
  
23,683
1,292

  
29,778
29,281

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(238,657)
(161,482)

Net current liabilities
  
 
 
(208,879)
 
 
(132,201)

Total assets less current liabilities
  
552,894
708,688

Creditors: amounts falling due after more than one year
 8 
(961,204)
(919,008)

  

Net liabilities
  
(408,310)
(210,320)


Capital and reserves
  

Called up share capital 
 10 
2,000
2,000

Profit and loss account
  
(410,310)
(212,320)

  
(408,310)
(210,320)


Page 1

 
WANDERING HOLIDAYS LIMITED
REGISTERED NUMBER:10017409
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 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 26 March 2025.




S S A Rozek
Director

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

Page 2

 
WANDERING HOLIDAYS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Wandering Holidays Limited is a private limited liability company incorporated in England and Wales with its principal place of business and registered office at White Heather Hotel, St. George's Place, Llandudno LL30 2NR.
The principal activities of the company are that of a tour and hotel operator.

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 company made a loss for the year and at the reporting date the company has net current liabilities and net liabilities. The shareholders have confirmed that they have the ability to and will make available the necessary financial resources so that the company will be able to meet its financial obligations for at least twelve months from the date the financial statements are approved. The going concern basis has therefore been adopted on this basis.

 
2.3

Turnover

Turnover is measured at the fair value of amounts receivable in respect of goods and services provided in the year, net of trade discounts and excluding value added tax. The company recognises revenue from goods and services when all contractual obligations have been met.

 
2.4

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.

 
2.5

Pensions

The company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

Page 3

 
WANDERING HOLIDAYS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 reporting 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 Statement of Financial Position date, except that:
a) 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
b) 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. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date. 

 
2.7

Intangible assets

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Comprehensive Income over its useful economic life.
At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

 The estimated useful lives range as follows:

Goodwill
-
5
years

 
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.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 4

 
WANDERING HOLIDAYS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives on the following basis:

Long-term leasehold property
-
2%
straight line
Plant and machinery
-
20%
straight line
Office equipment
-
20%
straight line

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

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

 
2.10

Foreign currency translation

The functional currency of the company is pounds sterling (£). Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income.


3.


Employees

The average monthly number of employees, including directors, during the year was 14 (2023 - 15).

Page 5

 
WANDERING HOLIDAYS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
164,995



At 31 March 2024

164,995



Amortisation


At 1 April 2023
140,246


Charge for the year on owned assets
24,749



At 31 March 2024

164,995



Net book value



At 31 March 2024
-



At 31 March 2023
24,749



Page 6

 
WANDERING HOLIDAYS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Office equipment
Total

£
£
£
£



Cost 


At 1 April 2023
618,181
322,357
1,700
942,238


Additions
-
-
271
271



At 31 March 2024

618,181
322,357
1,971
942,509



Depreciation


At 1 April 2023
47,909
77,427
762
126,098


Charge for the year on owned assets
12,364
41,901
373
54,638



At 31 March 2024

60,273
119,328
1,135
180,736



Net book value



At 31 March 2024
557,908
203,029
836
761,773



At 31 March 2023
570,272
244,930
938
816,140


6.


Debtors

2024
2023
£
£


Other debtors
-
20,727

Prepayments and accrued income
-
312

-
21,039


Page 7

 
WANDERING HOLIDAYS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
23,914
7,203

Bank loans
14,015
14,005

Other loans
38,900
69,490

Trade creditors
763
1,029

Taxation and social security
27,469
6,992

Other creditors
123,396
30,786

Accruals and deferred income
10,200
31,977

238,657
161,482



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
17,518
31,527

Other loans
943,686
887,481

961,204
919,008


Page 8

 
WANDERING HOLIDAYS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
14,015
14,005

Other loans
38,900
69,490


52,915
83,495

Amounts falling due 1-2 years

Bank loans
14,015
14,012


14,015
14,012

Amounts falling due 2-5 years

Bank loans
3,503
17,515

Other loans
943,686
887,482


947,189
904,997


1,014,119
1,002,504



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2,000 Ordinary shares of £1 each
2,000
2,000



11.


Pension commitments

The company contributes to a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £5,975 (2023 - £5,326). Contributions totalling £2,450 (2023 - £2,699) were payable to the fund at the reporting date and are included in creditors.

 
Page 9