Company registration number: 14236441
Unaudited financial statements
for the year ended 31 July 2024
for
1st Choice Accommodation Ltd
Pages for filing with the Registrar
Company registration number: 14236441
1st Choice Accommodation Ltd
Balance sheet
as at 31 July 2024
31 Jul 24 31 Jul 23
Note £ £ £ £
Fixed assets
Tangible assets 4 1,800 -
1,800 -
Current assets
Cash at bank and in hand 1,957 -
1,957 -
Creditors: amounts falling due within one
year
(6,933) -
Net current (liabilities)/assets (4,976) -
Total assets less current liabilities (3,176) -
NET (LIABILITIES)/ASSETS (3,176) -
Capital and reserves
Called up share capital 2 -
Profit and loss account (3,178) -
TOTAL EQUITY (3,176) -
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 July 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 14236441
1st Choice Accommodation Ltd
Balance sheet - continued
as at 31 July 2024
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 23 April 2025 and signed on its behalf by:
Dr C Madavo, Director Mrs E Madavo, Director
23 April 2025 23 April 2025
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1st Choice Accommodation Ltd
Notes to the financial statements
for the year ended 31 July 2024
1 Company information
1st Choice Accommodation Ltd is a private company registered in England and Wales. Its registered number is 14236441. The company is limited by shares. Its registered office is 5 Brayford Square, London, London, E1 0SG.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Motor vehicles - 10% straight line
3 Average number of employees
During the year the average number of employees was 2 (2023 - 2).
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1st Choice Accommodation Ltd
Notes to the financial statements - continued
for the year ended 31 July 2024
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
Additions 2,000
At 31 July 2024 2,000
Depreciation
Charge for year 200
At 31 July 2024 200
Net book value
At 31 July 2024 1,800
At 31 July 2023 -
If Motor vehicles had not been revalued, Motor vehicles would have been included at the following historical cost:
31 Jul 24 31 Jul 23
£ £
Cost 2,000 -
Accumulated depreciation 200 -
5 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the periods ended 31 July 2024 and 31 July 2023.
31 Jul 24 31 Jul 23
£ £
Dr Crispin Madavo
Amounts advanced 3,179 -
Balance outstanding at end of year 3,179 -
The interest rate is 0%. The loan is repayable to the directors on demand.
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1st Choice Accommodation Ltd
Notes to the financial statements - continued
for the year ended 31 July 2024
5 Advances, credit and guarantees granted to directors - continued
31 Jul 24 31 Jul 23
£ £
Mrs Eleanor Madavo
Amounts advanced 3,179 -
Balance outstanding at end of year 3,179 -
The interest rate is 0%. The loan is repayable to the directors on demand.
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