Company Registration No. 11119038 (England and Wales)
Escape Holiday Ventures Limited
Unaudited accounts
for the year ended 30 April 2024
Escape Holiday Ventures Limited
Unaudited accounts
Contents
Escape Holiday Ventures Limited
Company Information
for the year ended 30 April 2024
Directors
D R Kingston
R L Limmer
E J Thackray
R K Wilson
Company Number
11119038 (England and Wales)
Registered Office
42 Ethelburga Drive
Lyminge
Folkestone
Kent
CT18 8JJ
England
Accountants
NATALIE FIELD ACCOUNTANCY LTD
Escape Holiday Ventures Limited
Statement of financial position
as at 30 April 2024
Investment property
898,803
898,803
Cash at bank and in hand
10,816
53,791
Creditors: amounts falling due within one year
(468,562)
(498,250)
Net current liabilities
(413,650)
(399,103)
Total assets less current liabilities
485,204
499,831
Creditors: amounts falling due after more than one year
(343,090)
(361,402)
Net assets
142,114
138,429
Called up share capital
1
1
Profit and loss account
142,113
138,428
Shareholders' funds
142,114
138,429
For the year ending 30 April 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 April 2025 and were signed on its behalf by
R L Limmer
Director
Company Registration No. 11119038
Escape Holiday Ventures Limited
Notes to the Accounts
for the year ended 30 April 2024
Escape Holiday Ventures Limited is a private company, limited by shares, registered in England and Wales, registration number 11119038. The registered office is 42 Ethelburga Drive, Lyminge, Folkestone, Kent, CT18 8JJ, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Escape Holiday Ventures Limited
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Computer equipment
Fair value at 1 May 2023
898,803
The 2024 valuations were made by the directors, on an open market value for existing use basis.
Amounts falling due within one year
Amounts due from group undertakings etc.
44,096
44,096
7
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
468,534
498,135
Taxes and social security
28
28
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
343,090
361,402
The lender, Handelsbanken PLC, have a fixed charge over the freehold property held with the company.
Escape Holiday Ventures Limited
Notes to the Accounts
for the year ended 30 April 2024
9
Transactions with related parties
The company is a wholly owned subsidiary of FDC Homes Limited, a company registered in England and Wales.
At 30 April 2024, there was an amount due to FDC Homes Limited, its parent undertaking, of £468,534 (2023: £498,135). This amount is repayable on demand.
Included within Debtors falling due within one year is an amount due from Mereyton Homes Limited, a company owned by the parent company FDC Homes Limited. The amount due back to the company is £44,095 (2023: £44,095) and is also repayable on demand.
The immediate and ultimate parent company is FDC Homes Limited, a company incorporated in England and Wales.
The ultimate controlling party of the company is the Kingston family, who hold 100% of the issued share capital of the parent company collectively, although no individual member of the family had ultimate control.
11
Average number of employees
During the year the average number of employees was 4 (2023: 4).